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Ally Financial Inc. (ALLY)

NYSE - NYSE Delayed price. Currency in USD
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46.31-0.92 (-1.95%)
At close: 04:00PM EST
46.45 +0.14 (+0.30%)
After hours: 07:57PM EST
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  • A
    Alek
    Rising over $50 again very shortly.
  • s
    salangsang
    They had some interesting insights about ALLY on (http://financialdeals.tech). Definitely made me think twice about the company.
  • A
    Anonymous
    With a PE of just 12, this is an $85 to $100 stock easily.
  • A
    Alek
    Ally has compound annual growth rates (TTM) in revenue of 50.12% and EBITDA of 298.84%.
  • A
    Alek
    Reported in October on Yahoo Finance... "Ally Financial's ALLY third-quarter 2021 adjusted earnings of $2.16 per share convincingly surpassed the Zacks Consensus Estimate of $1.96. The bottom line showed a rise of 72.8% from the year-ago quarter's number. Results benefited primarily from an improvement in revenues and lower provisions."
  • r
    randy
    Ally management buys a credit card company, I ask myself if that biz is so good, why are the sellers selling? Amazon fires a salvo, stops accepting credit cards (in Britain for now) as it adds Venmo as a payment option. Fintech disruption is looming, ALLY management up in Michigan is insular, just like the big 3 auto makers were for decades, and buys a credit card company. Message to management: Use the rest of our excess capital to buy back shares, get a 15% earnings yield - a no brainer. Maybe that was the plan, make a stupid move to drive the share price down from $55 to $49, so you can buy shares on the cheap. It might work out OK if they ramp up share repurchases right here right now, big time.
  • r
    randy
    One concern I have had, others perhaps too, on ALLY buying a credit card company, is that they are getting into a business that could be "disrupted" by new fintechs such as those offering "Buy Now Pay Later". They claim that in coming years, artificial intelligence data will guide BNPL companies to make better credit decisions than traditional credit card companies can make using traditional tools such as FICO scores. With better decisions, they will have lower losses, and can offer lower interest rates and fees, thus outcompeting old style credit card issuers, taking increasing market share. Early data now shows BNPL companies, AFRM and others, are starting to see increasing defaults, delinquent payments, and credit losses. Their rapid growth in loan balances comes from lower credit standards, which may prove to bite them!
  • k
    kinshuk
    I see skies of green, big buyers too, Ally going up, back to 55 soon
  • A
    Alek
    Looking good. Expecting to see $55 again soon.
  • C
    Charlie
    shareholders beware the ALLY "brokerage" division, they change rules every week, don't settle funds on time, delayed quotes, Zero people answering the tel. lawsuits on the Horizon that will effect eps
  • r
    randy
    Price target increases after earnings include:
    Janey goes to $81
    Barclays to $68
    BMO to $65
    Credit Suisse to $65
    But one goes down:
    Piper to $59
    Does anyone on the board know why Piper went down, their rationale, having read their note/report?
  • C
    Carlos
    why this company so undervalued compared to Sofi>?
  • A
    Alek
    I guess investors were not thrilled with the move into offering credit cards. Curious.
  • k
    kinshuk
    Stay above 50 today!
  • S
    Stockguru
    selling off again. Wow
  • C
    Christmas Rafi
    Guess nobody want's their dividend? Ex date is tomorrow. Figured it would be up. Ah well I am getting mine. Cheers.
  • a
    andrew
    After the recent price drop I think we could use some optimism that this decline is only brief, with bigger gains in the near future. I came across this article about Visa investing in a company which produces digital credit cards, and ALLY is among its customers. As an online bank, ALLY's expenditure acquiring the credit card company Fair Square Financial seems to make a lot more sense.

    Not sure if it will impact the stock short term...but I'd like to hope so.

    https://www.bizjournals.com/sanfrancisco/news/2021/10/27/visa-invests-in-bay-area-fintech-deserve.html?ana=yahoo&yptr=yahoo
  • S
    Stockguru
    Added at $50.80
  • C
    CM
    beats on earnings by 10% and then drops 4.5%...oh well.
  • p
    panko
    Ally Financial to present at the 2nd Annual Bernstein Operational Decisions Virtual Conference.
    So they can explain why there website crashes every other day and there stock is tanking