Ally Financial Inc (NYSE: ALLY) has reported earnings for its second fiscal quarter (ending June 30) of $0.87 versus $0.99 for the same period a year ago — a decline of -12%. However, this result exceeded the consensus estimate of $0.62 by $0.25. E.P.S. were $2.33 for the latest four quarters through June 30 versus $3.67 for the same period a year ago — a decline of -37%.
Recent Price Action
On 7/17/24, Ally Financial Inc (NYSE: ALLY) stock declined by -2.3%, closing at $43.43. Moreover, this decline was accompanied by exceptionally high trading volume at 262% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 5.8% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, ALLY is expected to continue to be an important Value Builder.
Ally Financial has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Ally Financial has a very high Appreciation Score of 92 and a very high Power Rating of 94, with the Highest Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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