Hispanolistic After reporting better-than-expected Q1 2024 results, Ally Financial Inc. (NYSE:ALLY) is already up more than 20% since I last covered the stock in January of this year Seeking Alpha About a year ago, I showed why comparisons between ALLY and other poorly governed financial institutions were not appropriate and indicated that the company could…
JHVEPhoto/iStock Editorial via Getty Images Shares of Ally Financial (NYSE:ALLY) jumped 7% on Thursday after reporting strong quarter. This rally added to substantial gains of 43% over the past year for ALLY as credit losses have not been as bad as some feared. Shares have also rallied 44% since I rated them a buy last…
Justin Sullivan Adobe (NASDAQ:ADBE) shares dropped by more than 13% when they announced their Q1 FY24 earnings on March 15th. I discussed my bullish view on Adobe in my article published in December 2023, indicating their growth from AI and pricing increase. Despite their Q2 outlook being lower than the market expected, I am quite…
photoman Overview I previously rated Ally Financial (NYSE:ALLY) as a buy in October 2023. It seems that my timing was ideal, as the stock has now moved up over 46% since then. The price appreciation was more severe than anticipated and happened much quicker than expected. At the time of my original analysis, the dividend…
Ally Financial Inc. (NYSE:ALLY) Q4 2023 Earnings Conference Call January 19, 2024 9:00 AM ET Company Participants Sean Leary – Head of Investor Relations Jeff Brown – Chief Executive Officer Doug Timmerman – Interim Chief Executive Officer Russ Hutchinson – Chief Financial Officer Conference Call Participants Ryan Nash – Goldman Sachs Sanjay Sakhrani – KBW…
fizkes Stock Snapshot Today’s trending story in the financial media has been today’s Fed meeting, and so what better time to revisit a bank stock I covered this summer. Some quick facts about Detroit-based Ally Financial (NYSE:ALLY) are that it is a top 25 financial holding company, has +11MM customers, and +$196B total assets. Its…