Workflow
Ally Financial: Potentially Undervalued And Benefits From Strong Auto Segment Growth
ALLYAlly(ALLY) Seeking Alpha·2024-02-26 07:27

photoman Overview I previously rated Ally Financial (NYSE:ALLY) as a buy in October 2023. It seems that my timing was ideal, as the stock has now moved up over 46% since then. The price appreciation was more severe than anticipated and happened much quicker than expected. At the time of my original analysis, the dividend yield sat at about 4.6%. After the price run, the dividend yield now sits at only 3.3% which is less enticing but on par with the sector median. Therefore, I thought that now would be a gre ...