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Why Ally Financial Stock Gained 32.9% in January

Why Ally Financial Stock Gained 32.9% in January

Ally Financial (NYSE: ALLY) had an excellent month as its stock price surged 32.9% in January, according to S&P Global Market Intelligence. The stock price is currently up about 43% year to date after a difficult 2022 when it fell almost 47%. Ally Financial, the online bank and leading auto lender, saw its stock price surge after the release of its fourth-quarter earnings.