Previous close | 26.62 |
Open | 26.84 |
Bid | 27.08 x 900 |
Ask | 27.30 x 900 |
Day's range | 26.47 - 27.16 |
52-week range | 21.58 - 44.33 |
Volume | |
Avg. volume | 6,165,375 |
Market cap | 8.137B |
Beta (5Y monthly) | 1.32 |
PE ratio (TTM) | 6.53 |
EPS (TTM) | 4.14 |
Earnings date | 17 Jul 2023 - 21 Jul 2023 |
Forward dividend & yield | 1.20 (4.51%) |
Ex-dividend date | 28 Apr 2023 |
1y target est | 32.35 |
Ally Financial (ALLY) closed at $27.05 in the latest trading session, marking a +1.62% move from the prior day.
Navient (NAVI) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
The sector is going through its biggest shake-up since the 2008 financial crisis after the Federal Reserve implemented one of its quickest rate-hiking cycles ever. You might not be surprised to hear that legendary investor Warren Buffett was among this select group. The Oracle of Omaha has sold a lot of his bank holdings from his portfolio at Berkshire Hathaway (NYSE: BRK.B).
In the latest trading session, Ally Financial (ALLY) closed at $26.49, marking a -1.67% move from the previous day.
Buffett's investments in companies involved with artificial intelligence span numerous industries.
The Oracle of Omaha didn't outright say what his expectations are for a recession, or whether there will be one at all.
The billionaire investor isn't confident the banking crisis is over, but he's still putting money into a couple of bank stocks.
Two Berkshire Hathaway holdings are solid long-term holdings, while another Buffett favorite should be avoided in the short term.
After the market closes on May 15, Warren Buffett's company, Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B), will submit its 13F filing, which will reveal what stocks the large conglomerate bought and sold in the first quarter. In 2022, Berkshire made multiple purchases of large digital consumer bank Ally Financial (NYSE: ALLY), which specializes in retail auto lending. Ally has performed well since the pandemic, largely on the back of elevated car values, driven by increased demand and exceptionally strong credit quality among consumers.
A rise in expenses and higher provisions hurt Credit Acceptance (CACC) Q1 earnings, while a decent loan demand and rising consumer loan assignments offer some support.
Warren Buffett's Berkshire Hathaway owns a stock portfolio valued at nearly $350 billion. Two stocks in Berkshire's portfolio that stand out as great values are General Motors (NYSE: GM) and Ally Financial (NYSE: ALLY). Here's why considering these Buffett stocks for your own portfolio would be a wise move.
You could learn a lot from this legendary investor who has outperformed the market for nearly six decades.
An increase in NII on higher interest rates and robust loan originations, along with lower provisions for credit losses, drives Sallie Mae's (SLM) Q1 earnings.
To say that Warren Buffett is fond of bank stocks would be a bit of an understatement. Berkshire Hathaway's second-biggest holding, behind only Apple, is Bank of America. Constituting just 0.2% of the portfolio as of year-end 2022, Ally Financial (NYSE: ALLY) is one of Buffett's holdings that investors might not be aware of.
Ally specializes in originating retail auto loans, so credit quality is a big factor when evaluating the stock.
The online bank and car loan originator just posted its Q1 earnings report and offered some insight on car sales.
Warren Buffett's Berkshire Hathaway purchased shares in the large digital consumer bank Ally Financial (NYSE: ALLY) in two different quarters last year and now owns just shy of a 10% stake in the company. Like most banks, there has been a lot of uncertainty over Ally as the economy potentially tips into a recession, especially after the banking crisis unfolded in March. On Ally's last quarterly earnings call in January, management told investors that the company could generate $4 of earnings per share in 2023.
This Fool has been incrementally adding to some of his favorite stock positions in this turbulent market environment.
With the recent turmoil in the banking sector and recession fears putting pressure on virtually all bank stocks, now could be a smart time to take a look at some of Buffett's favorite companies in the financial sector. It's no secret that Warren Buffett is a big fan of Bank of America (NYSE: BAC).
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.
Ally Financial (ALLY) reports a decline in revenues in the first quarter of 2023. Higher expenses also hurt the results to an extent.
While the top- and bottom-line numbers for Ally Financial (ALLY) give a sense of how the business performed in the quarter ended March 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Ally Financial (ALLY) delivered earnings and revenue surprises of -6.82% and 2.52%, respectively, for the quarter ended March 2023. Do the numbers hold clues to what lies ahead for the stock?
Some of the nation's largest regional banks offer new signs of how they fared during a tumultuous period for the industry
Most regional banks will be reporting their first-quarter earnings over the next few weeks, and we'll get the first glimpse of how the recent banking crisis impacted their deposit bases and more. In this video, Matt Frankel, CFP®, discusses what he's going to be keeping an eye on.