Morgan Stanley Maintains Overweight on Ally Financial, Raises Price Target to $49
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Morgan Stanley analyst Betsy Graseck maintains Ally Financial (NYSE:ALLY) with a Overweight and raises the price target from $47 to $49.
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/21/2024 | Underperform → Mkt Perform | Raymond James | |
| 10/7/2024 | $46.00 → $40.00 | Neutral → Overweight | JP Morgan |
| 9/16/2024 | Buy → Neutral | BTIG Research | |
| 7/8/2024 | $39.00 → $45.00 | Underweight → Neutral | JP Morgan |
| 6/24/2024 | $50.00 | Buy | Citigroup |
| 6/7/2024 | $51.00 | Buy | BTIG Research |
| 4/9/2024 | $42.00 → $46.00 | Neutral → Buy | BofA Securities |
| 4/3/2024 | $37.00 → $39.00 | Neutral → Underweight | JP Morgan |
CHARLOTTE, N.C., Oct. 18, 2024 /PRNewswire/ -- Ally Financial Inc. (NYSE:ALLY) today reported its third quarter 2024 results. View full press release in PDF. The news release, presentation and financial supplement can be accessed in the following ways: Ally Financial Press Room at https://media.ally.comAlly Financial Investor Relations website at https://ally.com/about/investor/Ally will host a conference call at 9 a.m. ET to review the company's performance. The call will include a review of the results, followed by a question and answer session. Conference Call Information: Conference call participation is available via webcast or dial-in. The webcast will be live on Ally's Investor Relat
DETROIT, Oct. 9, 2024 /PRNewswire/ -- The board of directors of Ally Financial Inc. (NYSE:ALLY) declared a quarterly cash dividend of $0.30 per share of the company's common stock, payable on November 15, 2024, to stockholders of record on November 1, 2024, as well as quarterly dividend payments for the company's Series B and Series C preferred stock securities, payable on November 15, 2024. A quarterly dividend payment was declared on Ally's 4.700% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series B, of approximately $15.9 million, or $11.75 per share, and is
AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of "a" (Excellent) for the members of Ally Insurance Group (Ally Insurance). The members include Motors Insurance Corporation and its reinsured subsidiaries, MIC Property and Casualty Insurance Corporation and CIM Insurance Corporation, as well as an affiliate, Ally International Insurance Company Ltd. (AIICL). All companies are domiciled in Detroit, MI, except AIICL, which is domiciled in Bermuda. The outlook of these Credit Ratings (ratings) is stable. The ratings reflect Ally Insurance's balance sheet strength, which AM Best assesses as strongest, as well as its adequate operating
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Bank surprises unsuspecting customers by asking about their financial challenges and then offering help to overcome them CHARLOTTE, N.C., Nov. 22, 2024 /PRNewswire/ -- To truly give thanks to our customers this year, Ally Bank, Member FDIC, brought back "Banksgiving," a celebration of the thanks we have for our customers, delivered by one of our most important assets – our customer care specialists. During a single day in early November, Ally customer care specialists turned the typical end-of-call survey into what might be the best call these customers have had by asking th
CHARLOTTE, N.C., Oct. 23, 2024 /PRNewswire/ -- Ally Financial Inc. (NYSE:ALLY) Chief Financial Officer, Russ Hutchinson, will present at the BancAnalysts Association of Boston Conference on Thursday, November 7, 2024 at approximately 11:15 a.m. ET. A live webcast will be available on the day of the conference at http://www.ally.com/about/investor/ under the Events and Presentations section of the Investor Relations website. A replay will also be available. About Ally Financial Ally Financial Inc. (NYSE:ALLY) is a financial services company with the nation's largest all-digital
CHARLOTTE, N.C., Oct. 18, 2024 /PRNewswire/ -- Ally Financial Inc. (NYSE:ALLY) today reported its third quarter 2024 results. View full press release in PDF. The news release, presentation and financial supplement can be accessed in the following ways: Ally Financial Press Room at https://media.ally.comAlly Financial Investor Relations website at https://ally.com/about/investor/Ally will host a conference call at 9 a.m. ET to review the company's performance. The call will include a review of the results, followed by a question and answer session. Conference Call Information: Conference call participation is available via webcast or dial-in. The webcast will be live on Ally's Investor Relat
Accomplished business leader and legal expert will lead a newly created Legal & Corporate Affairs Office at the company CHARLOTTE, N.C., Sept. 9, 2024 /PRNewswire/ -- Ally Financial Inc. (NYSE:ALLY) today announced Hope Mehlman will join the company as chief legal and corporate affairs officer, effective Dec. 2, 2024. Mehlman will lead a newly created Legal & Corporate Affairs Office which will oversee all regulatory and legal matters. She will have responsibility for the organization's legal, compliance, government relations, environmental sustainability and community reinvestment teams.
Brown has served as Ally's Chief Executive Officer since 2015 Brown will remain through early 2024 before becoming President of Hendrick Automotive Group CHARLOTTE, N.C., Oct. 11, 2023 /PRNewswire/ -- Ally Financial Inc. (NYSE:ALLY) announced today that Jeffrey J. Brown will be stepping down early next year after serving as Chief Executive Officer and a member of Ally's Board of Directors since 2015. The Board has engaged a leading global executive search firm, and the search for a successor is underway. "After 14 years at Ally, including nearly 9 years as CEO, I am so proud o
SAN JOSE, Calif., June 15, 2023 (GLOBE NEWSWIRE) -- Graphiant, a provider of next-generation edge services, announced today the appointment of David Reilly as a member of the board. David brings extensive experience and a passion for helping organizations achieve their aspirational goals by leveraging digital transitions, preparing for unforeseen challenges, and adapting to the ever-evolving nature of their industries. David has worked with some of the world's largest financial institutions throughout his career, driving business growth through digital transformation. As a seasoned CIO and CTO, he believes in the importance of understanding the business problem that technology or service
Raymond James upgraded Ally Financial from Underperform to Mkt Perform
JP Morgan upgraded Ally Financial from Neutral to Overweight and set a new price target of $40.00 from $46.00 previously
BTIG Research downgraded Ally Financial from Buy to Neutral
Ally Financial's (NYSE:ALLY) short percent of float has fallen 5.0% since its last report. The company recently reported that it has 8.06 million shares sold short, which is 2.66% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.11 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest
Shares of Ally Financial Inc (NYSE: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 Financial Analyst 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 driving $92 million in tax credits or 30 cents per share in earnings, Arfstrom said in a note. "Fundamentals were driven by margin improvement, stable balance sheet trends, and seasona
Morgan Stanley analyst Betsy Graseck maintains Ally Financial (NYSE:ALLY) with a Overweight and raises the price target from $47 to $49.