Interest rates have just turned from a headwind into a tailwind.It finally happened. The Federal Reserve just lowered interest rates by 50 basis points (0.5% in percentage terms). Investors rejoiced, sending the S&P 500 to new, all-time highs. The stock market is now up 100% during the past five years, driven by rising earnings ratios and the artificial intelligence (AI) boom despite the Fed taking interest rates from zero to 5% two years ago.Not every company is at all-time highs, though. Enter Ally Financ ...

This stock trades at a cheap earnings multiple, too.The Federal Reserve lowered its benchmark federal funds rate on Wednesday, Sept. 18. To the surprise of some analysts, the Fed lowered the rate a half point rather than the expected quarter point. The impact of such an action is about to reverberate across the entire economy.Rate cuts like this especially impact financial institutions and lenders such as banks. When the Federal Reserve lowers the federal funds rate it tends to also get reflected in interes ...

It didn't just go on sale, it plummeted. Does that work in your favor?Ally Financial (ALLY 0.86%) has become the largest all-digital U.S. bank, attracting customers with its low fees and high savings rates. It's already on many investors' radars because it's a Buffett stock.Its stock tumbled last week after giving investors a disappointing update, and it might take some time to recover. Should you stay away, or is this an opportunity to buy on the dip?All about AllyAlly's roots are in auto lending, starting ...

Conference season brings about its own set of volatility catalysts. Portfolio managers and traders must keep their ears out for clues on the state of the broad economy, specific industries and individual companies. That's not a bunch of fluff – just take a look at what happened to shares of Ally Financial (ALLY, Financial) last week. On Sept. 10, the $10 billion market cap consumer finance industry stock endured its worst session since March 2020.1Cautious comments from Chief Financial Officer Russ Hutchins ...

CHARLOTTE, N.C., Sept. 18, 2024 /PRNewswire/ -- Ally Financial Inc. (NYSE: ALLY) has scheduled the release of its third quarter financial results for Friday, October 18, 2024, at approximately 7:30 a.m. ET. The results will be available on the Ally Press Room website (http://media.ally.com).Ally will host a conference call at 9 a.m. ET to review the company's performance. You may listen to the call via webcast or dial-in. The webcast will be live on Ally's Investor Relations website in the Events & Presenta ...

The bank's loss ratios are rising, which has investors worried.Ally Financial (ALLY 2.21%) spooked investors last week. At an investment conference, an executive said that delinquencies and net charge-offs for its consumer automotive loans rose in the past two months. This is not good for an already struggling banking business. If fewer people are paying back their loans, Ally will make less in profit. After the update, Ally's stock plummeted close to 20% and now sits at about $33.The largest investor in Al ...

Shares of Ally Financial (ALLY) , one of the leading auto lenders, tumbled 16.6% last week. This was steeper than the industry’s decline of 0.4%. One-Week Price PerformanceImage Source: Zacks Investment ResearchWhat Triggered the Sell-off in the ALLY Stock?If you observe the above price chart, you will see that Ally Financial shares plunged on Tuesday, Sept. 10 and remained on that level till the end of the week. On Sept. 10, Russ Hutchinson, ALLY’s chief financial officer, presented at the Barclays Global ...

Management provided an update at an industry conference this week that spooked the market.What happenedShares of the large auto lender Ally Financial (ALLY 0.74%) have fallen 16.5% this week as of 1:38 p.m. ET, according to data from S&P Global Market Intelligence. The move came after management presented at an industry conference earlier in the week and expressed concern over the company's near-term credit profile.So whatManagement said that losses in its retail auto portfolio are trending higher than expe ...

Key TakeawaysBank stocks were among the market's worst performers on Tuesday as a deluge of business updates stole the spotlight from the unveiling of a major concession by federal regulators. Shares of JPMorgan Chase, Goldman Sachs, and Ally Financial all tumbled after executives from each raised concerns about their respective bank's income statement and balance sheet.The Federal Reserve on Tuesday outlined a watered-down version of the capital requirements rules that banks pushed back on when they were f ...

Key TakeawaysShares of Ally Financial plunged Tuesday as its chief financial officer said the company's auto loan portfolio is struggling.Delinquencies and net charge-offs were higher than expected in July and August, CFO Russ Hutchinson said during an investor conference Tuesday.Hutchinson said the bank expects net charge-offs to continue rising in the coming months . Ally Financial (ALLY) stock sank sharply after the bank's chief financial officer said at an investor conference that consumers are struggli ...