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MarketBeat
MarketBeat
Jea Yu

Ally Financial: The Tugboat of Auto Finance Keeps Gaining Steam

Ally Ally Financial Michael Rhodes GM MarketBeat

Ally Financial Inc. (NYSE: ALLY) is a digital financial services company specializing in automobile loans. They were originally the financial arm of General Motors Inc. (NYSE: GM). The finance sector company has since expanded its services to include digital banking, investing, home loans, and insurance products. The finance sector company has been resilient through bull and bear markets, which is analogous to a tugboat. The company is selling its credit card business to CardWorks, and the CEO has just purchased $1 million worth of stock. Could this be a signal to buy shares?

Notable Actions in Q4

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