Ally Financial (ALLY) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Does Ally Financial (ALLY) have what it takes to be a top stock pick for momentum investors? Let's find out.
Ally Financial (NYSE: ALLY) has announced a plan to repurchase up to $1.6 billion of common stock in 2021. It comes just weeks after the Federal Reserve cleared the way for banks to conduct stock buybacks, which it had put on hold last March when the pandemic hit. Ally, the 16th largest bank in the country with about $174 billion in assets, will start repurchasing shares in the first quarter.