$ALLY

13 stories mentioning ALLY

Every FINWIRES story that references ALLY, newest first.

Consumer Finance Companies Poised to Meet Outlooks Amid Acceleration in Spending, Loan Trends, RBC Says

Several major US consumer finance companies are tracking towards their full-year outlooks amid a slight acceleration in the year-over-year consumer spending and loan trends, RBC Capital Markets said in a note e-mailed Monday.Consumer finance companies' first-quarter results have been "durable" and in line with the brokerage's expectations, with credit metrics showing continued improvement on a yearly basis amid consumer resiliency, Jon Arfstrom, associate director of US research at RBC, said in a note to clients."Our view is that investor expectations for spending volumes and loan growth have been gradually rising, which aligns with management-provided 2026 outlooks," Arfstrom wrote. "We also believe that the improvement in credit trends and the healthy economic environment will allow card issuers to thoughtfully lean into growth opportunities."American Express (AXP) is still RBC's preferred stock in the card space as it continues to deliver "peer-leading" bottom- and top-line growth, Arfstrom said.Last month, American Express posted better-than-expected first-quarter results and reiterated its full-year outlook."Card issuers are still reporting improving delinquency and net charge-offs on a year-over-year basis," Arfstrom said in the note. "We expect this trend to continue in the near term, and several management teams are now pointing to the low end of prior NCOs guidance ranges."Ally Financial (ALLY) has seen "solid" auto origination activity, while its credit keeps improving, with margin expansion likely to drive "sustained" earnings improvement, Arfstrom wrote.Capital One Financial's (COF) recent combination with Discover Financial Services is yielding "early revenue synergies, though with management focused on the longer strategic positioning of the company, we expect near-term investment activity to be an expense headwind," according to the note.So far this year, consumer finance stocks have underperformed the broader market amid macro concerns and sentiment, "company-specific headwinds," and concerns regarding a proposed interest rate cap for card issuers, Arfstrom said."In total, we remain positive on the fundamental outlooks, and see support for higher valuations and stock prices as our forecasts are realized," Arfstrom wrote.Price: $313.03, Change: $-3.00, Percent Change: -0.95%

$ALLY$AXP$COF

Wire42d ago

Ally Financial to Redeem 1.35 Million Series B Preferred Shares

Ally Financial (ALLY) said Monday it will redeem on May 15 the 1.35 million outstanding shares of its 4.7% fixed-rate reset non-cumulative perpetual series B preferred stock at $1,000 per share, plus unpaid dividends.The redemption price sets a total liquidation preference of $1.35 billion, the company said.Price: $43.44, Change: $+0.03, Percent Change: +0.07%

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Insider Trading55d ago

Ally Financial Insider Sold Shares Worth $1,792,175, According to a Recent SEC Filing

Douglas R. Timmerman, President, Dealer Financial Services, on April 17, 2026, sold 39,675 shares in Ally Financial (ALLY) for $1,792,175. Following the Form 4 filing with the SEC, Timmerman has control over a total of 477,627 common shares of the company, with 477,627 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/40729/000173825526000002/xslF345X05/primarydocument.xml

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Wire55d ago

Ally Financial Q1 Trends Support Stronger Returns Outlook, RBC Says

Ally Financial's (ALLY) Q1 core trends were solid, with improving credit metrics and management maintaining confidence in margin expansion over the remainder of the year, which should support higher returns by the end of 2026, RBC Capital Markets said.Q1 adjusted EPS of $1.11 was impacted by a net $0.18 of adjusting items, including fair value adjustments and original issue discount. Core fundamentals were positive, and RBC anticipates margin trends and credit expectations driving improved returns.On credit, retail auto metrics are improving, and RBC expects the year-to-date trends to help Ally Financial achieve its full-year outlook. Other highlights included strong retail loan applications, expense control, an active share repurchase program, and optimism around recent capital proposals, the brokerage said Friday in a note.Guidance assumes a full-year margin of 3.60% to 3.70%, implying increases over the rest of the year, a 2% to 4% increase in average earning assets, flat to a 5% increase in other revenues, and a 1% increase in expenses, according to the note.RBC raised its 2026 EPS estimate to $5.50 from $5.40 and 2027 estimate to $6.55 from $6.50.The firm maintained an outperform rating on Ally Financial with a price target of $52.Price: $46.37, Change: $+1.01, Percent Change: +2.23%

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Sectors58d ago

Sector Update: Financial Stocks Higher Late Afternoon

Financial stocks were advancing in late Friday afternoon trading, with the NYSE Financial Index rising 1.3% and the State Street Financial Select Sector SPDR ETF (XLF) adding 0.9%.The Philadelphia Housing Index popped 3.9%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was up 1.6%.Bitcoin (BTC-USD) rose 2.8% to $77,288, and the yield for 10-year US Treasuries dropped 6.3 basis points to 4.246%.In sector news, JPMorgan Chase (JPM) and Barclays (BCS) are among the Wall Street banks that recently started trading credit default swaps against flagship private credit funds run by Blackstone (BX), Apollo Global Management (APO) and Ares Management (ARES), the Financial Times reported.In corporate news, Ally Financial (ALLY) shares jumped past 8%. The company reported Q1 adjusted earnings of $1.11 per diluted share, up from $0.58 a year earlier, and above the FactSet consensus estimate of $0.93.Fifth Third Bancorp (FITB) shares rose 1.7% after it reported a surprise Q1 profit on Friday.Truist Financial (TFC) reported Q1 earnings of $1.09 per diluted share, up from $0.87 a year earlier. Analysts polled by FactSet expected $1. Truist shares gained 2.4%.Deutsche Bank (DB) has notified Germany's central bank, Bundesbank, that it may have violated sanctions that limit deposits of Russian individuals to less than 100,000 euros ($118,000), multiple media outlets reported Friday. Deutsche shares were up 2.7%.

$ALLY$APO$ARES$BCS$BX$DB$FITB$JPM$TFC

Sectors58d ago

Sector Update: Financial

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Research58d ago

Research Alert: CFRA Keeps Hold Opinion On Shares Of Ally Financial Inc.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:After digesting Q1 earnings and accounting for the recently-improved geopolitical environment, we increase our 12-month target price by $11 to $51, 7.8x our 2027 EPS estimate, a discount to the peer average of 10.1x given ALLY's more volatile earnings. We increase our 2026 EPS by $0.24 to $5.46 and raise 2027's by $0.36 to $6.55. Our revenue projections are $9.0 billion in 2026 and $9.6 billion in 2027. ALLY delivered encouraging Q1 results, with continued improvement in credit quality. After several years of weakness, loan growth has now accelerated for three consecutive quarters, a positive development we have been watching closely. Q1 was particularly strong, with consumer applications reaching an all-time high of 4.4 million. That said, the interest rate environment remains a headwind, as rate cuts are unlikely to materialize until late 2026 or 2027. On the positive side, ALLY and its banking peers stand to benefit from the newly-proposed Basel III capital rules. Shares yield 2.7%.

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Sectors59d ago

Sector Update: Financial Stocks Higher Pre-Bell Friday

Financial stocks were higher pre-bell Friday, with the State Street Financial Select Sector SPDR ETF (XLF) advancing by 0.3%.The Direxion Daily Financial Bull 3X Shares (FAS) gained by 1%, and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 1% lower.Ally Financial (ALLY) shares rose 3.1% premarket after the company reported higher Q1 adjusted earnings and revenue.Scotiabank (BNS) said it expects its stake in KeyCorp to contribute 77 million Canadian dollars ($56.4 million) in net income in Q2. Shares of Scotiabank were up 0.7% higher pre-bell.Fifth Third Bancorp (FITB) shares rose more than 1% before the opening bell after the company posted a surprise Q1 profit on Friday.

$ALLY$BNS$FAS$FAZ$FITB$XLF

Sectors59d ago

Sector Update: Financial

Financial stocks were mostly higher pre-bell Friday, with the State Street Financial Select Sector SPDR ETF (XLF) advancing by 0.3%.The Direxion Daily Financial Bull 3X Shares (FAS) gained by 1%, and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 1% lower.Ally Financial (ALLY) shares rose over 3% premarket after the company reported higher Q1 adjusted earnings and revenue.

$ALLY$FAS$FAZ$XLF

Research59d ago

Research Alert: Ally: Q1 Earnings Beat As Credit Quality Improves

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:ALLY posted solid Q1 results, with operating EPS of $1.11 vs. $0.58 in the prior year, beating consensus by $0.17, while revenue of $2.10B missed consensus by 2%. Net interest margin expanded 17 bps Q/Q to 3.48%, outperforming many peer banks that saw contraction, reflecting structural benefits from balance sheet optimization and disciplined deposit pricing strategy. Credit quality continued to improve, with net charge-offs falling 29 bps to 1.21% and retail auto delinquencies declining 17 bps to 4.60%, demonstrating disciplined underwriting benefits. The $467M provision for credit losses was primarily due to reserve builds from asset growth rather than credit deterioration. Its strong capital position, with a CET1 ratio of 10.1% (up 60 bps) and liquidity of $65.8B, provided strategic flexibility for the $147M in share repurchases executed. The digital banking platform maintained strong momentum with 68 consecutive quarters of customer additions, reaching 3.5M retail deposit customers and $146B in balances.

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Commodities59d ago

Exchange-Traded Funds, Equity Futures Higher Pre-Bell Friday as Investors Take Positions Amid Corporate Earnings

The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up 0.3% and the actively traded Invesco QQQ Trust (QQQ) was 0.3% higher in Friday's premarket activity as traders take positions amid corporate earnings release and monitor incoming macroeconomic data.US stock futures were also higher, with S&P 500 Index futures up 0.2%, Dow Jones Industrial Average futures advancing 0.4%, and Nasdaq futures gaining 0.2% before the start of regular trading.The Baker Hughes domestic oil-and-gas rig count will be released at 1 pm ET.Federal Reserve San Francisco President Mary Daly, Richmond President Thomas Barkin and Governor Christopher Waller are slated to speak on Friday.In premarket activity, bitcoin was up by 0.1%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 0.2% higher, Ether ETF (EETH) retreated 0.5%, and Bitcoin & Ether Market Cap Weight ETF (BETH) declined by 0.5%.Power Play:ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was up 0.2% and the Vanguard Consumer Staples Index Fund ETF Shares (VDC) gained 0.7%. The iShares US Consumer Staples ETF (IYK) was flat. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) advanced 0.2%. The VanEck Retail ETF (RTH) was inactive, while the State Street SPDR S&P Retail ETF (XRT) was 0.04% higher.Autoliv (ALV) shares were up more than 9% pre-bell after the company reported higher-than-expected Q1 adjusted earnings and revenue.Winners and Losers:Health CareThe State Street Health Care Select Sector SPDR ETF (XLV) advanced 0.6%, the Vanguard Health Care Index Fund (VHT) was up 1.3%, while the iShares US Healthcare ETF (IYH) gained 1.1%. The iShares Biotechnology ETF (IBB) was 0.2% higher.Trevi Therapeutics (TRVI) stock was down more than 8% premarket after the company said late Thursday it priced a public offering of 11.6 million common shares at $13 each for about $150 million in gross proceeds.FinancialThe State Street Financial Select Sector SPDR ETF (XLF) advanced 0.3%. Direxion Daily Financial Bull 3X Shares (FAS) was up 0.8%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 0.9% lower.Ally Financial (ALLY) shares were up more than 5% pre-bell after the company reported higher Q1 adjusted earnings and revenue.IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI) advanced 0.4%, while the Vanguard Industrials Index Fund (VIS) rose 0.9% and the iShares US Industrials ETF (IYJ) was inactive.JetBlue (JBLU) stock was up more than 1% before the opening bell after the company said Thursday it started daily seasonal flights connecting Boston and Barcelona.TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) advanced by 0.9%, and the iShares US Technology ETF (IYW) was 0.9% higher, while the iShares Expanded Tech Sector ETF (IGM) was up 0.5%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) rose 2.4% while the iShares Semiconductor ETF (SOXX) increased by 0.6%.Microsoft (MSFT) shares were up more than 1% in Friday's premarket activity. Microsoft Italy and Expert.ai said they have entered into a collaboration to accelerate the adoption of artificial intelligence for enterprise use cases.EnergyThe iShares US Energy ETF (IYE) was down 0.3%, while the State Street Energy Select Sector SPDR ETF (XLE) retreated by 0.7%.Exxon Mobil (XOM) stock was down nearly 1% before Friday's opening bell. Reuters reported Thursday that the company has withdrawn an offer to sell two initial cargoes of liquefied natural gas from its Golden Pass export plant in Texas.CommoditiesFront-month US West Texas Intermediate crude oil fell by 3.7% to $91.19 per barrel on the New York Mercantile Exchange. Natural gas gained by 1.4% to reach $2.69 per 1 million British Thermal Units. The United States Oil Fund (USO) retreated by 2.9%, while the United States Natural Gas Fund (UNG) was 0.6% higher.Gold futures for May were up by 0.2% at $4,815.60 an ounce on the Comex. Silver futures gained by 1% to reach $79.49 an ounce. SPDR Gold Shares (GLD) was 0.2% higher, and the iShares Silver Trust (SLV) advanced by 1.1%.

Dow JonesNasdaq CompositeS&P 500$ALLY$ALV$BETH$BITO$EEM$EETH$EXI$FAS$FAZ$GLD$IBB$IGM$IGV$IPK$IVV$IWM$IYE$IYH$IYJ$IYK$IYW$JBLU$MSFT$PMR$QQQ$RTH$SLV$SOXX$SPY$TRVI$UNG$USO$VDC$VHT$VIS$XLE$XLF$XLI$XLK$XLP$XLV$XLY$XOM$XRT$XSD

US Markets59d ago

Stocks Rise Pre-Bell as President Trump Signals Optimism on Iran Deal Prospects

The benchmark US stock measures were pointing higher before the open Friday after President Donald Trump reportedly expressed optimism over prospects for a peace deal with Iran.The S&P 500 and the Nasdaq rose 0.2% each in premarket activity, while the Dow Jones Industrial Average added 0.4%. The indexes finished Thursday in the green, with the Nasdaq extending its winning streak to a 12th consecutive session."It's looking very good that we're going to make a deal with Iran, and it's going to be a good deal," Trump told reporters at the White House on Thursday, according to Bloomberg News. Talks between the US and Iran could resume on the weekend, Trump said.Treasury yields were down before the opening bell, with the two-year rate retreating 1.3 basis points to 3.77% and the 10-year rate off 1.4 basis points to 4.3%.On Thursday, Trump announced on social media that Lebanese President Joseph Aoun and Israeli Prime Minister Benjamin Netanyahu agreed to formally begin a 10-day ceasefire. The ceasefire seeks to pause hostilities between Israel and Iran-backed Hezbollah in Lebanon, a key sticking point in peace negotiations between Washington and Tehran.West Texas Intermediate crude oil dropped 4.1% to $90.82 a barrel in premarket action, while Brent fell 4% to $87.54.Shares of Netflix (NFLX) slumped 9.8% pre-bell after the streaming giant's second-quarter outlook fell short of Wall Street's estimates. Advanced Micro Devices (AMD) edged down 0.4% after closing the previous trading session up 7.8%, while GE Aerospace (GE) rebounded 0.4% following a nearly 5% drop on Thursday.Truist Financial (TFC), Fifth Third Bancorp (FITB), State Street (STT), Regions Financial (RF), Ally Financial (ALLY) and Autoliv (ALV) report their latest financial results before the bell.Federal Reserve Bank of San Francisco President Mary Daly is scheduled to speak at 11:30 am ET, while Richmond Fed President Thomas Barkin speaks at 12:15 pm. Federal Reserve Governor Christopher Waller is slated to speak at 2 pm.Friday's thin economic calendar has the weekly Baker Hughes oil-and-gas rig count at 1 pm.Gold nudged 0.1% higher to $4,814 per troy ounce, while bitcoin slipped 0.1% to $75,132.

Dow JonesNasdaq CompositeS&P 500$ALLY$ALV$AMD$FITB$GE$NFLX$RF$STT$TFC

US Markets66d ago

Consumer Finance Firms Likely Faced Seasonal Loan Headwinds in First Quarter, RBC Says

US consumer finance companies likely faced seasonal headwinds on loans in the first quarter, but growth is expected to pick up through the rest of the year, RBC Capital Markets said in a note on Friday.Data through February indicate an expected seasonal decline in loan balances, with slight improvement in year-over-year growth, Jon Arfstrom, associate director of US research at RBC, wrote."Although we see very limited direct impacts from recent macro volatility, we remain mindful of the risks of sustained higher energy prices on consumers," Arfstrom wrote. "Solid delinquency trends are driving stable to lower loss expectations, with support from a resilient consumer and tighter underwriting in prior periods."Arfstrom sees loan balance growth accelerating from here on out.US consumer inflation reached its highest monthly reading in nearly four years in March as the Middle East conflict sent energy prices sharply higher. Earlier in the week, the US and Iran agreed to a two-week ceasefire, pausing a war that had spread across the Middle East and curtailed shipments through the crucial Strait of Hormuz."We will look for confirmation that despite recent macro concerns, the medium-term revenue expectations are consistent," according to the RBC note.The brokerage lowered its price targets on American Express (AXP), Capital One Financial (COF) and SLM (SLM), to $415, $235 and $28, respectively. The price target on Bread Financial Holdings (BFH) moved to $90 from $83.RBC continues to recommend American Express for its premium consumer base and strong revenue growth expectations, while also favoring Ally Financial (ALLY). The brokerage highlighted stable to improving credit trends at Synchrony Financial (SYF) and Bread Financial."Our coverage universe has been impacted by market volatility, with a more challenging start to 2026," Arfstrom said. "That being said, we see our universe as well positioned to deliver improving growth and healthy credit. Assuming some stability in the broader macro sentiment, we expect solid earnings growth and decent stock price performance in 2026."Price: $79.11, Change: $-0.64, Percent Change: -0.81%

$ALLY$AXP$BFH$COF$SLM$SYF