Ally Financial Inc (NYSE:ALLY) has been upgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: October 5, 2016
Boasting a price of $19.97, Ally Financial Inc (NYSE:ALLY) traded 1.42% higher on the day. With the last stock price close up 11.42% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Ally Financial Inc has recorded a 50-day average of $19.51 and a two hundred day average of $17.98. Volume of trade was up over the average, with 5,947,710 shares of ALLY changing hands over the typical 3,169,770
Zacks Investment Research has upgraded Ally Financial Inc (NYSE:ALLY) to Hold in a statement released on Wednesday October 05, 2016.
With a total market value of $0, Ally Financial Inc has with a one year low of $14.55 and a one year high of $21.21 .
A total of 18 brokers have issued a ratings update on Ally Financial Inc. 7 firms rating the stock a strong buy, eleven analysts rating the company a buy, one equity analyst rating the company a hold, zero analysts rating the company a underperform, and finally zero brokerages rating the stock a sell with a average stock price target of $25.06.
Brief Synopsis On Ally Financial Inc (NYSE:ALLY)
Ally Financial Inc. is a financial holding company and a bank holding company. The Company's banking subsidiary, Ally Bank, is a franchise in the Internet, telephone, mobile and mail banking market. The Company operates through three segments: Automotive Finance operations, Insurance operations and Mortgage operations. Its Automotive Finance operations segment provides automotive financing services to consumers and automotive dealers. Its Insurance operations segment offers both consumer financial and insurance products sold through the automotive dealer channel, and commercial insurance products sold to dealers. Its Mortgage operations segment includes the management of its held-for-investment mortgage loan portfolio and the execution of bulk purchases of jumbo and low-to-moderate income (LMI) mortgage loans originated by third parties. Its main lines of business are Dealer Financial Services, which includes its Automotive Finance and Insurance operations, and Mortgage.
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