Ally Financial sold credit card division, focusing on core business with strong Q4 performance.

From Investing.com: 2025-02-05 11:51:00

Ally Financial Inc. (NYSE: ALLY) is a digital financial services company known for automobile loans, expanding to banking, investing, home loans, and insurance. In Q4 2024, they sold their credit card division to focus on core business, with revenues beating estimates. CEO Michael Rhodes aims for mid-teen returns and cost savings. Record car loan applications in Q4 led to strong origination yields and high-quality portfolio. The stock formed a descending triangle pattern, with support and resistance levels noted. Analysts have a consensus price target of $43.76, with bullish strategies suggested for investors. CEO Rhodes recently purchased $1 million worth of ALLY shares.



Read more at Investing.com: Ally Financial: The Tugboat of Auto Finance Keeps Gaining Steam