Ally Financial reports third quarter 2024 financial results
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Ally Financial (ALLY) PT Lowered to $39 at Janney
October 21, 2024 6:33 AM EDTJanney analyst John Rowan lowered the price target on Ally Financial (NYSE: ALLY) to $39.00 (from $40.00) while maintaining a Buy rating.
The analyst comments "ALLY reported 3Q24 adjusted EPS of $0.95 versus our estimate of $0.38 and consensus of $0.52. The beat was largely due to... More
Citi Reiterates Buy Rating on Ally Financial (ALLY)
October 21, 2024 6:01 AM EDTCiti analyst Keith Horowitz reiterated a Buy rating and $50.00 price target on Ally Financial (NYSE: ALLY).
The analyst comments "In 4Q24, we see ALLY having peak auto credit losses (est 275bp) and trough NIM (3.10-3.20%), which is where market is focused,... More
BTIG Reiterates Neutral Rating on Ally Financial (ALLY)
October 21, 2024 5:47 AM EDTBTIG analyst Vincent Caintic reiterated a Neutral rating on Ally Financial (NYSE: ALLY).
The analyst comments "WHAT YOU SHOULD KNOW: We think it will be hard to see progress in Ally's credit trends and net interest margins in the near term. 4Q24 net losses are set to climb significantly q/q alongside continued erosion to the net interest margin q/q. These metrics may get better q/q in 1Q25, but not to the degree where we can separate normal seasonality versus underlying improvement to Ally's underwriting and asset/ liability... More
