Is Ally Financial Stock a Buy?

Although Ally Financial (NYSE: ALLY) shares are up 7% in 2023, they are down about 11% (as of this writing) since March 8, when the news broke of SVB Financial's ailing Silicon Valley Bank trying to raise additional capital. Inflation became a serious problem toward the end of 2021 when the Federal Reserve finally admitted that rapidly rising prices weren't transitory after all. This prefaced the beginning of rapid interest rate hikes throughout 2022 and into this year to curb inflation.