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Ally Financial Inc. (ALLY)

NYSE - Nasdaq Real Time Price. Currency in USD
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34.93-0.22 (-0.63%)
As of 03:10PM EDT. Market open.
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  • Z
    Zeke
    Ally is absolutely NOT competitive for savings or CD rates....pulled a bunch out that were 2 year CDs earning 0.60%....moved money to TDWaterhouse and purchased exactly the same CD from them and it is earning 3.1% versus that same new CD direct with Ally at 1.75%.....brokered CDs are the way to go for sue.
  • a
    andrew
    Even if issuing car loans slows, Ally is adding online banking customers in droves. When no one knows what to do with their cash Ally's high interest savings accounts are a big draw. They pulled me away from Wells Fargo.
  • D
    David
    Saw in the Wall Street Journal that Warren Buffett bought into ALLY in the 1st quarter. Obviously good news. The article did not mention how much as it identified a dozen or so companies he bought into. Anyone see how much he bought? Interesting that the stock has been so low with the company buying back massive amounts of stock, Buffett usually buys big, and EPS has been so strong resulting in the company being over capitalized.
  • B
    Bob
    I don't understand at all why this is dropping like that...
  • A
    Anonymous
    The stress results are out and Ally performed well as expected. The BOD meets on/about 7/13 and we will get a dividend announcement following that meeting. I'm not expecting a raise like we had last year but there is a possibility. They are still over capitalized and that action removes some cash. Car markets still tight and prices elevated even with consumer sentiment down. Interesting times.....
  • C
    Coco P
    . 9 To 1.0 after fed moved the rate .75 lol.

    Moved 500k out, 600k more to go
  • A
    Anonymous
    Nice to see we are on the Berk radar. Next investor update on 6/13. I'm not seeing any meaningful decrease in used car pricing.
  • R
    Rob
    Bought 500 Shares @36.40. Wrote 5x Dec '22 Calls at $2.85.
  • A
    Anonymous
    Stress test results coming out after market close on 6/23. Banks can announce any new capital plans on Monday 6/27. Ally is participating this year. Last we heard they were over capitalized. I'm not expecting any dividend/buyback news.
  • C
    Coco P
    I know I will be moving $ out of .9 to 1.4 today.

    We've got exciting news: The interest rate on your Premium Savings Account from Morgan Stanley Private Bank (previously E*TRADE Bank) just increased to 1.40% APY¹
  • K
    Kevin
    Great time to buy ALLY. Bought 300 at $38. Already sold 2 convered $45 July calls for $1.10. If it's converted I'll still make $8 on a $38 buy in less than 2 months. Buffett would love that.
  • G
    GEE
    The labour market is strong so the folks will pay their auto loans right?
  • R
    Ronnie
    Has anyone seen their debt level? Very high and way more debt than cash…. Not good when a recession is coming
  • M
    Miguel
    is that heavy debt bringing back money like Ford financing arm? Looking to start a position but wants to k ow about the debt first. I know... yahoo aint the best place for that.
  • A
    Anonymous
    Just listened to the 6/13 investor presentation conference call. Biz still doing well. Slight down tick in bank deposits of $5 billion due to tax payments. The credit card has over 1 million customers with overall balances over $1 billion, continues to see good growth. Won't be promoted for Ally customers till next year. No mention of car pricing or the used car market. This wasn't with the CFO so no mention of dividend or capital deployment.
  • C
    Champs
    Yields are going higher and Mortgage Backed Loans prices are going down. Whoever is holding those securities will have big balance sheet asset drop. Remember, Mortgaged Backed loans are still well secured than Auto Loans. Auto Loan Pricing should be more volatile than MBS. This is the time you see good earning drop for couple of quarters for any retail or corporate lending platforms. Look at MBB. 14% drop in 2 months. That is going change book value of many banks.
  • C
    Coco P
    Raise that .90 again!!!!!
  • D
    David
    Amazing market. ALLY buying back $2 billion of stock this year and the stock price is sub $40 now. The gift that keeps giving. If it actually stayed at these levels that would be 50 million shares and they had only 338 million shares outstanding at the beginning of the year. Obviously they paid more than that in the first quarter but the $2 billion buyback run rate seems to be what they are committed to even beyond this year. EPS growth over the next year will probably surprise the market eventually.
  • r
    randy
    I looked up what their tangible core equity (TCE) was Q1 2021 ($36.16) to compare that to what it was Q1 2022 ($35.04). That means in a year where they earned about $8 per share roughly, their TCE dropped by over $1 per share. Of course from their earnings they paid $1 or so in dividends, and there is some reduction due to share repurchases being done at higher prices than the TCE value per share, so not nearly all the $8 of earnings would add to the TCE/share value. But I don't get where the rest of the earnings disappeared to - how can they make so much money and lose book value?
  • A
    Anonymous
    Interesting 5 day chart. Bullish trend. Used car pricing still firm.