Brokerage Firm Rating Update on Ally Financial (ALLY)

Ally Financial (ALLY) : Zacks Investment Research ranks Ally Financial (ALLY) as 3, which is a Hold recommendation. 6 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 3 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 9 research analysts is 1.67, which indicates as a Buy.

Ally Financial (ALLY) : The most positive equity analysts on Ally Financial (ALLY) expects the shares to touch $28, whereas, the least positive believes that the stock will trade at $21 in the short term. The company is covered by 7 Wall Street Brokerage Firms. The average price target for shares are $24 with an expected fluctuation of $2.94 from the mean.


For the current week, the company shares have a recommendation consensus of Buy.

Ally Financial (NYSE:ALLY): The stock opened at $19.76 and touched an intraday high of $20.07 on Wednesday. During the day, the stock corrected to an intraday low of $19.68, however, the bulls stepped in and pushed the price higher to close in the green at $20.02 with a gain of 1.16% for the day. The total traded volume for the day was 2,426,477. The stock had closed at $19.79 in the previous trading session.

Ally Financial Inc. is a financial holding company and a bank holding company. It is an independent, diversified financial services firm. Its banking subsidiary, Ally Bank, is an indirect wholly owned subsidiary of the Company and a franchise in the Internet, telephone, mobile and mail banking market. Dealer Financial Services, which includes the Companys Automotive Finance and Insurance operations, and Mortgage are its primary lines of business. Ally Bank offers deposit products, such as checking, savings and certificates of deposit (CDs), as well as several raise-your-rate CD terms, IRA deposit products, Popmoney person-to-person transfer service, eCheck remote deposit capture, Ally Perks debit rewards program and Mobile Banking.

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