Ally Financial Inc. (ALLY) News
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ALLY News Highlights
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Latest ALLY News From Around the Web
Below are the latest news stories about ALLY FINANCIAL INC that investors may wish to consider to help them evaluate ALLY as an investment opportunity.
ALLY to Exit Mortgage Business, Cut Jobs & Focus on Auto FranchiseAlly Financial is set to exit the mortgage origination and credit card businesses. It intends to right-size the organization and focus on the auto business. |
Sector Update: Financial Stocks Rise Late AfternoonFinancial stocks rose in late Wednesday afternoon trading with the NYSE Financial Index gaining 0.1% |
Ally to End Mortgage Originations, Cut Jobs Across Company(Bloomberg) -- Ally Financial Inc. will cut jobs, end mortgage originations and consider strategic alternatives for its credit-card business as borrowers have struggled to pay down costly debt.Most Read from BloombergNYC Condo Owners May Bear Costs of Landmark Green Building LawNYC’s Subway Violence Deters Drive to Bring Workers Back to OfficeDutch Central Bank Restores Amsterdam’s ‘Ugliest Building’Can American Drivers Learn to Love Roundabouts?Can States Hit the Brakes on Runaway Roadbuilding? |
How Should You Play CVNA Stock Now Amid Hindenburg's Bold Claims?Hindenburg's accusations may be a temporary blip, with Carvana's operational discipline and strategic partnerships providing a strong foundation for growth. |
2 Warren Buffett Stocks to Buy Hand Over Fist and 1 to AvoidBerkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) owns about 45 stocks in its $300 billion portfolio, many of which were hand-selected by CEO and legendary investor Warren Buffett himself. While there's a solid case to be made in favor of pretty much every stock Berkshire owns, there are some that look more attractive than others right now. With that in mind, here are two "Buffett stocks" that look like bargains as 2025 gets underway, as well as one that I would stay away from for the time being. |
Carvana lending fears continue to be overblown, says JPMorganJPMorgan says that following Hindenburg Research’s short report on Carvana (CVNA), the key debates are now centered around four topics: Ally Financial (ALLY) partnership viability and new loan partner dependency, prime and non-prime loan performance versus peers, health of the non-prime securitization market, and lack of the typical quarterly non-prime asset-backed securities transaction in Q4. The firm’s sense is that investors are largely comfortable and less concerned with other areas highlig |
Ally lays off hundreds of employeesThe bank also announced plans to exit the mortgage origination business this quarter. Ally is exploring strategic alternatives for its credit card business. |
Carvana's Stunning Comeback With 7% Surge: Analysts Dismiss Short-Seller DramaWall Street backs Carvana with bold upgrades and a $4B Ally deal--defying critics and fueling investor optimism |
Why Carvana (CVNA) Stock Is Trading Up TodayShares of online used car dealer Carvana (NYSE: CVNA) jumped 7.8% in the morning session after RBC analysts Brad Erickson and Khadijah Gibson upgraded the stock's rating from Sector Perform to Outperform and raised the price target from $270 to $280. The new price target implies a potential 40% upside. The analysts think CVNA's share price decline after a recent short report, presents "a buying opportunity." |
Carvana Reinstates Loan Sale Agreement With Ally FinancialCVNA reinstates an agreement to sell $4 billion worth of used-car loan receivables to Ally Financial to refute Hindenburg's report. |