Ally Financial Announces Acquisition of TradeKing Group

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Jefferies Remains Bullish on Ally Financial (ALLY) Following Announced TradeKing Acquisition

April 6, 2016 8:08 AM EDT

Jefferies reiterated a Buy rating and $28.00 price target on Ally Financial (NYSE: ALLY) following the company's announced acquisition of TradeKing Group. The announced acquisition is consistent with the companys plans to expand into new business lines including wealth management, mortgages and credit cards.... More