Ally Financial: Reasons Why I Am Bullish With This Stock

Dec. 24, 2021 12:51 AM ETAlly Financial Inc. (ALLY) Stock, , , 7 Comments
Stella Mwende
1.99K Followers

Summary

  • ALLY has gained more than 34% in the 1-year analysis, outperforming the S&P 500 index by almost 10% over the same period.
  • The year 2021 saw ALLY's retail auto origination exceed 7% for the fourth year in a row.
  • Ally's acquisition of Fair Square adds to the company's scalability and profitability.
  • At the moment, only Ally and Capital One banks have promised to eliminate overdraft fees in 2021 due to the decline in collection fees from overdrafts.

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Investment thesis

Ally Financial Inc. (NYSE:ALLY) has differentiated its business model through mortgage, investments, and point-of-sale digital capabilities that position the company to grow and attract robust markets. It added credit card capabilities through the

This article was written by

1.99K Followers
I have more than five years experience in the financial industry. I focus mostly in the commodities, foreign exchange and cryptocurrencies. I also write on general issues like equity research, economics and geopolitics.Fellow contributor Crispus Nyaga is my colleague.

Analyst’s Disclosure:I/we have a beneficial long position in the shares of ALLY either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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