- Ally Financial (ALLY) is at $24.60 in early action after pricing its IPO at $25 per share last night. Not too much of a surprise given some of his pre-IPO commentary, BTIG's Mark Palmer rates the stock a Buy. His $31 price target is 1.3x expected tangible book value in 2015.
- "We believe ALLY's strategic plan, which is focused on increasing its return on average tangible common equity to double digits by YE15 (from 3% at YE13) by improving its cost of funding through liability management, reducing its operating costs and capitalizing on enhanced regulatory flexibility, is well within management’s ability to execute."
From other sites
at 4-traders.com (Mon, 4:28AM)
at 4-traders.com (Mar 24, 2015)
at Nasdaq.com (Mar 16, 2015)
at MarketWatch.com (Feb 27, 2015)
at Benzinga.com (Feb 23, 2015)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs