Ally Financial Inc (ALLY) is Initiated by Macquarie to Neutral

Ally Financial Inc (ALLY) was Initiated by Macquarie to “Neutral”. Macquarie advised their investors in a research report released on May 11, 2016.

Many Wall Street Analysts have commented on Ally Financial Inc. Ally Financial Inc was Downgraded by Wells Fargo to ” Market Perform” on Apr 27, 2016. Ally Financial Inc was Downgraded by BofA/Merrill to ” Neutral” on Apr 8, 2016.

On the company’s financial health, Ally Financial Inc reported $0.52 EPS for the quarter, missing the analyst consensus estimate by $ -0.03 based on the information available during the earnings call on Apr 26, 2016. Analyst had a consensus of $0.55. The company had revenue of $964.00 million for the quarter, compared to analysts expectations of $1361.75 million. The company’s revenue was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.52 EPS.

Ally Financial Inc opened for trading at $17.06 and hit $17.32 on the upside on Tuesday, eventually ending the session at $17.31, with a gain of 1.82% or 0.31 points. The heightened volatility saw the trading volume jump to 29,58,506 shares. Company has a market cap of $8,374 M.

In a different news, on May 5, 2016, Marjorie Magner (director) purchased 1,000 shares at $16.72 per share price. According to the SEC, on May 4, 2016, Jeffrey Jonathan Brown (CEO) purchased 12,000 shares at $16.81 per share price. On May 4, 2016, Christopher A Halmy (CFO) purchased 6,000 shares at $16.90 per share price, according to the Form-4 filing with the securities and exchange commission.

Ally Financial Inc. is a financial holding company and a bank holding company. It is an independent diversified financial services firm. Its banking subsidiary Ally Bank is an indirect wholly owned subsidiary of the Company and a franchise in the Internet telephone mobile and mail banking market. Dealer Financial Services which includes the Company’s Automotive Finance and Insurance operations and Mortgage are its primary lines of business. Ally Bank offers deposit products such as checking savings and certificates of deposit (CDs) as well as several raise-your-rate CD terms IRA deposit products Popmoney person-to-person transfer service eCheck remote deposit capture Ally Perks debit rewards program and Mobile Banking.

Ally Financial Inc

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