Ally Financial Analyst Sees 'Consistent Margin Expansion' Ahead: Q2 Results Breakdown
Portfolio Pulse from Priya Nigam
Ally Financial Inc (NYSE:ALLY) reported Q2 earnings with mixed analyst reactions. RBC Capital Markets raised its price target to $49, citing margin expansion and stable balance sheet trends. BMO Capital Markets maintained a Market Perform rating with a $39 price target, noting disappointing credit guidance and lower expected share repurchases. Shares of ALLY were down 2.05% to $42.54.
July 18, 2024 | 7:31 pm
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Ally Financial reported Q2 earnings with mixed analyst reactions. RBC Capital Markets raised its price target to $49, citing margin expansion and stable balance sheet trends. BMO Capital Markets maintained a Market Perform rating with a $39 price target, noting disappointing credit guidance and lower expected share repurchases.
The mixed analyst ratings and guidance provide a neutral outlook for ALLY in the short term. While RBC is optimistic about margin expansion, BMO's concerns about credit guidance and share repurchases balance the sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100