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Ally Financial Inc. (ALLY)

NYSE - NYSE Delayed price. Currency in USD
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29.85-0.83 (-2.71%)
At close: 04:00PM EDT
29.90 +0.05 (+0.17%)
After hours: 07:44PM EDT

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  • A
    Anonymous
    Its a bear market with rising rates. Tough time for stocks.

    I own shares in HBAN, regional bank based in Ohio. Has business in like 7 states in the Midwest. Their goal is to payout 35-45% of earnings in dividends. Ally is currently earning say $6.75/sh. Ally is paying out only 18% of earnings to the dividend, 1.20/6.75. So there is a lot of room for Ally to make substantial dividend increases in the future.
  • J
    John
    A couple of things I especially like about ALLY is that every year they reduce the number of shares outstanding and they raise dividends. Good companies do this. Short term it could go down but 5 years from now look for a double in price.
  • H
    HappyMan
    Ally share price will be fairer and fairer vs time. Holding the shares are very enjoyable.
  • I
    I
    Why though...
  • C
    Champs
    We were in valuation correction / PE. Now earnings will go down. A lot.
  • S
    Stijn
    While the company has been generating profits for a while, their equity isn't growing. Now that they started doing buybacks, the equity starts decreasing. Now I understand that buybacks and dividends provide value for shareholders, but is this sustainable? Their PE-ratio might be low, but if the profits don't flow through to the equity or in the form of dividends/buybacks this might be a value trap or am I wrong?
  • L
    Len
    Buffett knows a winner and ALLY is
    a Big Winner.
  • I
    I
    Bank stock down 7% over nothing but fear, wild times.
  • R
    Robert
    not raising rates enough people withdrawing accounts like myself
  • C
    Champs
    6 EPS is too high for 2023 at 4.6% Fed fund rate. Because this bank is just on deposits. And delinquency rate will be very high in high unemployment scenario / recession. Fed is not going to give stimulus in next recession. Because recession will be led by FED.
  • S
    Skiperdoodle
    Absolute no brainer to load up today. I hope.
  • H
    HappyMan
    Market cap (intra-day) 10.61B
    Trailing P/E 4.92 👍
    Forward P/E 4.58 👍👍
    PEG ratio (5-yr expected) 0.30👍👍👍👍👍
    Price/sales (ttm) 1.30 👍👍
    Price/book (mrq) 0.91 👍👍👍😂😂😂
  • R
    Randy
    I wish some of that Warren Buffett magic would kick in.
  • p
    paul
    Hey Warren. Plz announce that you are buying more.
  • r
    rob s
    Approximately 50% of revenue here is from car loans. Does anyone know if they have more than GM dealers as customers? In any event, 6% + car loans are going to hit demand, not to mention continued supply chain issues. ALLY is therefore a risky investment at this time.
  • A
    Albalyra
    Looking back to annual profits of Ally in the past years, they often had huge losses when economy was in a bad shape. So we can expect the same this/next year? What do you think?
  • L
    Len
    The fundamentals indicate a share price of $40 plus.
  • D
    David
    Buffett has bought almost 10% of the company in the first six months of the year. ALLY is buying back $2 billion in stock this year which is probably going to be over 15% of the outstanding shares. Wouldn't surprise me if they bumped that up a bit before year-end to avoid the 1% tax that was just imposed on buybacks plus more importantly take advantage of the huge buying opportunity at the moment. What I can't figure out is why there are so many sellers. Looking out 2-3 years ALLY will probably be up massively. They have an incredibly valuable franchise both in banking and lending but the market is just not seeing it yet.
  • p
    paul
    Good thing this has a low p/e and a dividend yield of almost 4%. Otherwise, it might trade like a technology stock.
  • G
    Grafton
    I can see why buffet likes this, trading below its book. Warren loves a sale.