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Ally Financial's Shares Drop
Ally Financial plunges 19% after CFO says its borrowers are struggling
"Our borrower is struggling with high inflation and cost of living, and now more recently, a weakening employment picture," Ally Financial's CFO said.
Why Ally Financial Shares Are Plunging Today
A top executive from Ally Financial (NYSE: ALLY) sounded the alarm on the state of the U.S. consumer during a financial conference Tuesday, and investors heeded the warning, sending Ally's shares down by 17.
Ally Financial Warns Borrowers Are Struggling From Inflation and Jobs Slowdown; Stock Drops
Ally Financial’s chief financial officer, Russ Hutchinson, said Tuesday that the bank’s cohort of borrowers are struggling with high cost of living, inflation and a weakening employment environment. “I’d say,
nationalmortgageprofessional.com
10d
Ally Financial Appoints First Chief Legal And Corporate Affairs Officer
Ally Financial has appointed a legal expert to lead its newly created Legal & Corporate Affairs Office. The Detroit-based ...
bovnews
1d
Ally Financial Inc (ALLY) Surge: Analyzing Today’s Price Increase
Ally Financial Inc (ALLY) stock saw a modest uptick, ending the day at $33.76 which represents a slight increase of $0.73 or 2.21% from the prior close of $33.03. The stock opened at $33.23 and ...
10d
Ally Breach May Have Leaked Consumer Data of Billions, Suit Says
The “unreasonable and inadequate” cybersecurity practices of Ally Financial Inc. and its online Ally Bank subsidiary left the ...
8d
Critical Insights From Ally Financial Analyst Ratings: What You Need To Know
In the assessment of 12-month price targets, analysts unveil insights for Ally Financial, presenting an average target of $45 ...
9d
Ally's stock drops 15% as its credit challenges grow
A top executive at the auto lender said that more borrowers struggled to repay their loans over the summer amid inflation and ...
17h
This Buffett Stock Just Went on Sale. Time to Buy?
Ally Financial ( ALLY 0.86%) has become the largest all-digital U.S. bank, attracting customers with its low fees and high ...
Fintel on MSN
3d
BTIG Downgrades Ally Financial (ALLY)
Fintel reports that on September 16, 2024, BTIG downgraded their outlook for Ally Financial (NYSE:ALLY) from Buy to Neutral. ...
IJR
3d
Missed Car, Credit Card Payments Surge As Biden-Era Inflation Continues To Decimate American Bank Accounts
Americans are having an increasingly hard time making their credit card and car payments as Biden-era price increases and a ...
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