Ally Financial Stock Surges as Company Beats Profit Estimates, Sells Credit Card Business
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Ally Financial's stock surged after the company reported better-than-expected fourth-quarter earnings and revenue, driven by cost-cutting measures. Additionally, Ally announced the sale of its credit card business.
January 22, 2025 | 6:15 pm
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Ally Financial's stock surged due to better-than-expected Q4 earnings and revenue, aided by cost-cutting, and the announcement of selling its credit card business.
The stock price of Ally Financial is likely to rise in the short term due to the positive earnings surprise and strategic decision to sell its credit card business, which may improve its financial position.
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