Top Wall Street Forecasters Revamp Ally Financial Expectations Ahead Of Q3 Earnings - Ally Financial (NYSE:ALLY)

Core Insights - Ally Financial Inc. is set to release its third-quarter earnings results on October 17, with analysts expecting earnings of $1.01 per share, an increase from $0.95 per share in the same period last year [1] - The consensus estimate for quarterly revenue is $2.11 billion, slightly up from $2.1 billion a year earlier [1] - On October 1, Ally Financial filed for a mixed shelf offering [1] Stock Performance - Shares of Ally Financial fell by 3.2%, closing at $38.45 on Thursday [2] Analyst Ratings - JP Morgan analyst Richard Shane maintained an Overweight rating but reduced the price target from $45 to $42 [4] - Evercore ISI Group analyst John Pancari kept an In-Line rating and lowered the price target from $45 to $44 [4] - Morgan Stanley analyst Betsy Graseck maintained an Overweight rating and increased the price target from $47 to $52 [4] - Citigroup analyst Keith Horowitz maintained a Buy rating and raised the price target from $59 to $70 [4] - Wells Fargo analyst Donald Fandetti upgraded the stock from Underweight to Equal-Weight and increased the price target from $37 to $45 [4]