ALLY Nov 2024 32.000 put
| Previous Close | 2.0500 |
| Open | 2.3700 |
| Bid | 2.3000 |
| Ask | 2.3500 |
| Strike | 32.00 |
| Expire Date | 2024-11-15 |
| Day's Range | 2.3000 - 2.4000 |
| Contract Range | N/A |
| Volume | |
| Open Interest | 44 |
- Yahoo Finance Video
Ally Financial CFO comments on credit challenges, stock sinks
Ally Financial (ALLY) stock sinks after CFO Russ Hutchinson pointed to credit conditions that have "intensified" for borrowers when speaking at the 22nd Annual Barclays Global Financial Services Conference on Tuesday. Market Domination anchors Julie Hyman and Josh Lipton break down Hutchinson's comments and what they spell out about the broader banking industry. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Luke Carberry Mogan.
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ReutersAlly Financial warns of 'intensifying' credit challenges, shares slump
(Reuters) -Ally Financial's credit challenges have intensified over the current quarter as borrowers struggled with high inflation, the consumer lender's finance chief said on Tuesday. Consumers have been cutting back on loans amid high interest rates, with the looming economic uncertainty also upping the chances of more loan defaults. In July and August, delinquencies and net charge-offs - that is, debts unlikely to be recovered - rose about 20 and 10 basis points, respectively, in Ally's retail auto business compared with its expectations, Chief Financial Officer Russell Hutchinson told investors at a financial conference in New York.
