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Bank Stocks Get Crushed Again. Ally Financial Could Be a Bargain.

Bank Stocks Get Crushed Again. Ally Financial Could Be a Bargain.

Bank stocks were trading lower again Wednesday as downbeat commentary about borrowers’ financial strength continued to spook investors. Ally Financial’s chief financial officer, Russell Hutchison, triggered the selling with remarks at a Barclays conference on Tuesday. “Over the course of the quarter, our credit challenges have intensified,” Hutchinson said, according to a transcript.