ALLY - Ally Financial Inc.
30.82 +0.19 (0.63%)
After hours: 4:26PM EDT
| Previous Close | 32.02 |
| Open | 31.99 |
| Bid | 30.56 x 1800 |
| Ask | 30.56 x 3100 |
| Day's Range | 30.26 - 31.94 |
| 52 Week Range | 20.60 - 35.42 |
| Volume | 8,370,198 |
| Avg. Volume | 3,791,707 |
| Market Cap | 11.958B |
| Beta (3Y Monthly) | 1.32 |
| PE Ratio (TTM) | 7.79 |
| EPS (TTM) | 3.93 |
| Earnings Date | Oct 16, 2019 |
| Forward Dividend & Yield | 0.68 (2.12%) |
| Ex-Dividend Date | 2019-10-31 |
| 1y Target Est | 38.35 |
- Zacks
Ally Financial (ALLY) Tops Q3 Earnings and Revenue Estimates
Ally Financial (ALLY) delivered earnings and revenue surprises of 3.06% and 2.84%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
- PR Newswire
Ally Financial Reports Third Quarter 2019 Financial Results
CHARLOTTE, N.C. , Oct. 16, 2019 /PRNewswire/ -- Ally Financial Inc. (NYSE: ALLY) today reported its third quarter 2019 financial results. View the full press release in PDF . The news release, presentation ...
- ACCESSWIRE
Ally Financial, Inc. to Host Earnings Call
NEW YORK, NY / ACCESSWIRE / October 16, 2019 / Ally Financial, Inc. (NYSE: ALLY ) will be discussing their earnings results in their 2019 Third Quarter Earnings to be held on October 16, 2019 at 9:00 AM ...
- Zacks
Should You Buy Ally Financial (ALLY) Ahead of Earnings?
Ally Financial (ALLY) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
- Zacks
Is a Beat in Store for Ally Financial (ALLY) in Q3 Earnings?
Owing to a decline in used-vehicle prices, Ally Financial's (ALLY) lease revenues are expected to have been adversely impacted in the third quarter of 2019.
- Zacks
The Zacks Analyst Blog Highlights: Kinder Morgan, Wells Fargo, NVR, United Airlines and Ally Financial
The Zacks Analyst Blog Highlights: Kinder Morgan, Wells Fargo, NVR, United Airlines and Ally Financial
- Yahoo Finance
Trade war pause, retail sales, bank earnings – What to know in the week ahead
The coming week’s docket of economic reports and earnings releases comes just following the Trump administration’s announcement of a partial trade deal with China late last week.
- Insider Monkey
Is Ally Financial Inc (ALLY) A Good Stock To Buy ?
Reputable billionaire investors such as Jim Simons, Cliff Asness and David Tepper generate exorbitant profits for their wealthy accredited investors (a minimum of $1 million in investable assets would be required to invest in a hedge fund and most successful hedge funds won't accept your savings unless you commit at least $5 million) by pinpointing […]
- PR Newswire
Ally Financial Announces Date of 2020 Annual Meeting of Stockholders
DETROIT , Oct. 11, 2019 /PRNewswire/ -- Ally Financial Inc. (NYSE: ALLY) today announced that it will conduct its 2020 annual meeting of stockholders on Tuesday, April 28, 2020 . Additional details will ...
- Zacks
5 Stocks Likely to Win Big Next Week on Q3 Earnings
It will be prudent to invest in stocks with a favorable Zacks Rank and positive Earnings ESP. Strong earnings results will likely ensure a northbound move in stock prices of these companies.
- Bloomberg
High-Yield Savings Accounts Feel the Fed’s Squeeze
(Bloomberg Opinion) -- Before the financial crisis, the term “high-yield savings account” would have been considered an oxymoron.Today, such products are thriving. After the Federal Reserve dropped its benchmark lending rate to near-zero in late 2008, big U.S. banks paid virtually nothing to anyone who parked money with them. That presented an opportunity for new, mostly online entrants to swoop in and offer much more. After years of getting zero, customers viewed a 2% interest rate with backing from the Federal Deposit Insurance Corp. as a bonafide steal.Their popularity only grew as the Fed raised interest rates. Even Goldman Sachs Group Inc. got into the game in 2016 with its consumer bank under the brand Marcus. Higher yields fueled the online cottage industry that tracked the best interest rates available each month. A quick search of “best savings account” includes articles updated monthly from NerdWallet, Bankrate, the Balance, SmartAsset and LendingTree’s MagnifyMoney, among others. Fast-forward to the present. With the Fed having cut interest rates twice since the end of July, and possibly lowering them again this month, it’s hardly surprising that these savings accounts have adjusted lower as well. Yet it’s almost comically difficult to find how the various savings rates have changed over time because the entire online ecosystem updates so frequently. One of my editors told me the rate on his Marcus account fell to 1.9% on Oct. 4, the third time that’s happened since he opened it in March. Fortunately, Greg McBride, chief financial analyst at Bankrate.com, sent over some historical data:Clearly, no two banks reacted to the change in Fed trajectory quite the same way. Goldman Sachs’s Marcus and Barclays Plc, for example, clearly anticipated interest-rate cuts and gradually lowered their savings rates ahead of the central bank’s announcements. Ally Financial Inc., by contrast, slashed its rate by 30 basis points in the week after the Fed’s July rate cut. Colorado Federal Savings has only had to drop its promised interest rate once since March because it remained comfortably below the fed funds rate. And then there’s HSBC Holdings Plc’s HSBC Direct, which stubbornly kept its rate elevated until this week, when it made a 25-basis-point reduction.At this point, regardless of the past several months, each bank is running out of room to maneuver after the Fed’s persistent rate cuts. Barclays, as of the most recent Bankrate data available, is offering just 2 basis points less than the upper bound of the fed funds target rate. Marcus was in a similar bind for a couple of weeks but swiftly lowered its rate by an additional 10 basis points. HSBC, for now, seems determined to offer higher rates than the competition, though by a shrinking margin.For those not steeped in financial markets and listening to every word from Fed speakers, it sure might seem like “high-yield savings accounts” aren’t living up to the hype. Round numbers might be purely psychological, but it’d be hard to fault people who balk at interest rates dropping below 2%. Nerdwallet’s Q&A section asks: “What do the best savings accounts look like?” Its answer: “The best savings account interest rates are close to 2.00% or higher.”Obviously, the terms of these savings accounts allow for changes to interest rates at any time. With 10-year Treasury yields at 1.66%, it’s simply not sustainable for banks, even those without brick-and-mortar locations, to offer the same payouts they once did. Some institutions that require high minimum opening balances still offer juicy rates, like 2.4% at Popular Inc.’s Popular Direct, but those seem destined to fall eventually.To be sure, it could be a lot worse for American savers. In Europe, a growing number of German banks are passing on the region’s negative interest rates to their customers as costs become too high to bear. Bigger lenders like Deutsche Bank AG and Commerzbank AG have signaled they’re warming to the idea as well.All of this serves as a backdrop for the Fed’s interest-rate decision on Oct. 30. Wall Street is convinced that after a wave of weak economic data, the Fed will lower rates yet again, even though Chair Jerome Powell has insisted the central bank is not on a preset course and minutes from the central bank’s September meeting revealed that policy makers are sharply divided about the path forward. While Chicago Fed President Charles Evans said he “wouldn’t mind another cut,” notable hawks Kansas City Fed President Esther George and Boston Fed President Eric Rosengren said further lowering the fed funds rate isn’t justified yet because consumer spending, which accounts for 70% of the U.S. economy, remains so strong.If the post-crisis era has taught markets and economists anything, it might just be that lower-for-longer interest rates don’t necessarily get people to raid their savings and spend. Rather, it might be just the opposite — without any hope of earning anything on what they save, consumers may decide to hoard additional cash for a rainy day or to meet their retirement goals. Since mid-2005, the U.S. personal savings rate as a percentage of disposable income has generally trended higher, to about 8% from as low as 2.2%, according to Commerce Department data.Given that U.S. consumers appear to be one of the few bright spots in an otherwise slowing global economy, the Fed should be careful not to make any moves that would slow their momentum. Certainly, one more quarter-point rate cut isn’t going to suddenly break Main Street. According to the latest data from the FDIC, retail deposits at the nine largest institutions increased by more than 2% from a year earlier, to $5.2 trillion, even though more than one-fourth of deposits pay no interest. In other words, many patrons of big banks have become accustomed to getting paid nothing on their checking or savings account balances.And yet, if enough savvy savers become convinced that the Fed will abandon its projections and drop interest rates at just about every meeting, it’s easy to envision a scenario in which money that would have gone into high-yield savings accounts instead gravitates toward fixed-rate bonds or certificates of deposit to lock in a reliable stream of income. That sets up an additional hurdle for those consumers to access their cash and spend to keep the economy afloat.Powell has long said that the central bank will act as appropriate to sustain the economic expansion. Lately, that’s meant cutting interest rates at every turn, to the delight of stock markets. But the Fed would do well to spare a thought for savers as well. It’s easier to spend when it’s clear how much interest your bank account will pay tomorrow.To contact the author of this story: Brian Chappatta at bchappatta1@bloomberg.netTo contact the editor responsible for this story: Daniel Niemi at dniemi1@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Brian Chappatta is a Bloomberg Opinion columnist covering debt markets. He previously covered bonds for Bloomberg News. He is also a CFA charterholder.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
- Investopedia
Consumer Showing 'Early Signs of Cracking' Raises Red Flag for Stocks
Large numbers of consumers are struggling to pay their bills, meaning that growth in consumer spending, 70% of U.S. GDP, may stall.
- Zacks
Ally Financial (ALLY) Earnings Expected to Grow: Should You Buy?
Ally Financial (ALLY) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- Barrons.com
Ally Financial Stock Isn’t a Buy, J.P. Morgan Says. That’s Bad for Car Stocks.
J.P. Morgan is feeling conservative about consumer finance. That’s bad for the car business. After all, most cars are financed.
- Zacks
Ally Financial Completes Buyout of Health Credit Services
Acquisition of Health Credit Services is likely to support Ally Financial (ALLY) in further diversifying operations.
- PR Newswire
Ally Financial Declares Dividend on Common Stock
DETROIT , Oct. 8, 2019 /PRNewswire/ -- The board of directors of Ally Financial Inc. (NYSE: ALLY) declared a quarterly cash dividend of $0.17 per share of the company's common stock, payable on November ...
- TheStreet.com
Ally Financial Declines on Downgrade, Price Target Cut to $33 at J.P. Morgan
Ally Financial fell in premarket trading Tuesday after an analyst at J.P. Morgan downgraded shares of the lender to neutral from overweight. Richard Shane also lowered his price target on Ally to $33 from $35, which implies a 5.
- Zacks
Synchrony Financial's Strategic Moves Aid, High Costs Hurt
Strategic buyouts and alliances bode well for Synchrony Financial (SYF). However, elevated expenses remain a concern.
- Investopedia
Ally Invest Also Cuts Commissions
Effective October 9, Ally Invest will no longer charge commissions on stock and ETF trades in the U.S. Per-leg options fees are also eliminated.
- Benzinga
Ally Invest The Latest To Cut Trading Commissions
The parade of online brokers eliminating stock and ETF trading commissions continued on Friday when Ally Financial Inc (NYSE: ALLY) announced it's cutting its $4.95 trading fees for its Ally Invest customers. Ally said customers will pay no fees for online stock, ETF and option trades starting on Oct. 9. The latest wave in a multi-year pricing war among online brokers is effectively eliminating trading commissions all together.
- MarketWatch
Ally Financial joins the zero commission bandwagon
Ally Financial Inc.'s online brokerage and wealth management arm Ally Financial Inc. said Friday it was jumping on the bandwagon by cutting commissions to zero, from $4.95 per trade, starting Oct. 9. "With continued advancements in technology making online trading increasingly more cost-efficient, it was inevitable our industry would reach a point where self-directed investors could participate in the market for little to no cost," said Ally Invest President Lule Demmissie. Ally's move comes after rival Charles Schwab Corp. caused a stir earlier this week by dropping commissions, prompting fellow rivals E-Trade Financial Corp. and TD Ameritrade Holdings Corp. to do the same. Ally's stock rose 0.3% in midday trading, and has gained 0.5% over the past three months while the S&P 500 has slipped 1.9%. The stock had dropped 5.2% in two days after Schwab's announcement, before bouncing 0.2% on Thursday.
- PR Newswire
Ally Invest Joins the Zero Commissions Movement
Ally Makes Its Commission-free Trading Offer Permanent for All Investors on Online Stock, ETF, and Option Trades CHARLOTTE, N.C. , Oct. 4, 2019 /PRNewswire/ -- Ally Invest, the online brokerage and wealth ...
- PR Newswire
Ally Financial Extends Full-Season Primary Sponsorship Of Hendrick Motorsports
CONCORD, N.C., Oct. 4, 2019 /PRNewswire/ -- Less than 12 months after it first raced into NASCAR, Ally Financial has extended its full-season primary sponsorship of Hendrick Motorsports and the No. 48 Chevrolet Camaro ZL1 team for three more years through the 2023 season. The agreement all but guarantees that seven-time Cup Series champion Jimmie Johnson will finish his legendary full-time NASCAR career with Ally as his primary sponsor. Johnson, who is signed with Hendrick Motorsports through 2020, will announce his future plans at a later date.
- Zacks
6 Reasons That Make Citizens Financial (CZFS) a Key Pick
Revenue growth, earnings potential and favorable valuation reflect Citizens Financial's (CZFS) upside potential.
- Zacks
Discover Financial, JAGGAER Join to Ease B2B Payment Service
Discover Financial (DFS) and JAGGAER partner to enable the former facilitate B2B payments on the latter's JAGGAER ONE procurement platform.
