Added to YB: 2024-02-16
Pitch date: 2024-02-15
ALLY [bullish]
Ally Financial Inc.
+31.08%
current return
Author Info
Company Info
Ally Financial Inc., a digital financial-services company, provides various digital financial products and services in the United States, Canada, and Bermuda.
Market Cap
$12.1B
Pitch Price
$34.48
Price Target
N/A
Dividend
3.05%
EV/EBITDA
N/A
P/E
23.50
EV/Sales
N/A
Sector
Consumer Finance
Category
value
Ally Financial's Roadmap through Market Volatility
ALLY: Online bank w/ 4.35% deposit rates, $142B deposits, $85B auto loans. Stock -36% on higher rates, used car prices, charge-offs; NIM 4% to 3.2%, net income $3B to $1B. 2024 headwinds ease as loan book refreshes. Attracts deposits via dealerships, returns capital (-37% shares in 10yrs). 12 PE but lower fwd PE. Risks: banking volatility, mgmt turnover, auto lending.
Read full article (3 min)