Investors might want to bet on Ally Financial (ALLY) , as it has been recently upgraded to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.The p ...

It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.It also includes access to the Zacks Style Scores.What are th ...

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use a variety of methods, including tried-a ...

– Financial Services Company Known for its Commitment to Media Equity Advances League's Effortsto Ensure Fans Have Access to Games With Advanced Media Spend –NEW YORK, July 19, 2024 /PRNewswire/ -- Today, professional women's basketball league Unrivaled announced its first and founding brand partner, Ally Financial, a full-scale financial services company with the nation's largest all-digital bank, as the official retail banking partner of the new and innovative league.Ally will show up in several visible w ...

Loading...Loading...Shares of Ally Financial Inc ALLY remained under pressure on Thursday, after declining in the prior session amid a broader downturn in Wall Street stocks.Ally Financial reported results amid an exciting earnings season. Here are some key analyst takeaways.RBC Capital Markets On Ally FinancialAnalyst Jon Arfstrom reiterated an Outperform rating, while lifting the price target from $46 to $49.Ally Financial announced earnings of 86 cents per share, amid higher electric vehicle originations ...

Ally Financial’s (ALLY) second-quarter 2024 adjusted earnings of 97 cents per share surpassed the Zacks Consensus Estimate of 62 cents. Also, the bottom line reflects a rise of 1% from the year-ago quarter.In the reported quarter, the company saw a marginal increase in loans. Also, the capital ratios increased, which was a positive. However, a decline in revenues and higher expenses were the undermining factors. Also, an increase in provisions hurt the results to some extent. Probably due to these negatives ...

Ally Financial reported Wednesday (July 17) that its net charge-offs (NCOs) in the second quarter rose in comparison to the same quarter a year earlier, due in part to losses from loans made when the price of cars peaked about two years ago.While its net charge-offs of $435 million were up from $399 million in the second quarter of 2023, they were lower than the $539 million reported in the first quarter, the company said in a presentation released Wednesday in conjunction with its quarterly earnings call.“ ...

JHVEPhoto Shares of Ally Financial Inc. (NYSE:ALLY) have been a strong performer over the past year, rising about 60% and sitting at a 52-week-high. However, shares did drop about 3% after reporting Q2 earnings on Wednesday morning. Results were solid, and this pullback likely reflects some profit-taking after a strong run. I last covered Ally in April, reiterating shares as a buy. Since then, they are up about 14%, just ahead of the market's gain. Still, shares are now firmly at my $42-45 targeted price ra ...

Ally Financial Inc. (NYSE:ALLY) Q2 2024 Earnings Conference Call July 17, 2024 9:00 AM ET Company Participants Sean Leary - Head of IR Michael Rhodes - CEO Russ Hutchinson - CFO Conference Call Participants Ryan Nash - Goldman Sachs Sanjay Sakhrani - KBW Don Fandetti - Wells Fargo Moshe Orenbuch - TD Cowen Jeff Adelson - Morgan Stanley Rick Shane - JPMorgan Rob Wildhack - Autonomous Research Operator Good day and thank you for standing by. Welcome to the Second Quarter 2024 Ally Financial Earnings Conferenc ...

Ally Financial (ALLY) reported $2 billion in revenue for the quarter ended June 2024, representing a year-over-year decline of 3.8%. EPS of $0.97 for the same period compares to $0.96 a year ago.The reported revenue represents a surprise of -1.08% over the Zacks Consensus Estimate of $2.02 billion. With the consensus EPS estimate being $0.62, the EPS surprise was +56.45%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street ex ...