Ally Financial (ALLY) Gains As Market Dips: What You Should Know

Ally Financial (ALLY) Gains As Market Dips: What You Should Know
This story originally appeared on Zacks

In the latest trading session, Ally Financial (ALLY) closed at $49.91, marking a +0.91% move from the previous day. The stock outpaced the S&P 500’s daily loss of 0.41%. At the same time, the Dow lost 0.01%, and the tech-heavy Nasdaq gained 0.13%.

Ally Financial (ALLY) Gains As Market Dips: What You Should Know – Zacks

Coming into today, shares of the auto finance company and bank had gained 2.38% in the past month. In that same time, the Finance sector gained 4.72%, while the S&P 500 gained 2.36%.

Ally Financial will be looking to display strength as it nears its next earnings release, which is expected to be January 21, 2022. On that day, Ally Financial is projected to report earnings of $2.01 per share, which would represent year-over-year growth of 25.63%. Meanwhile, our latest consensus estimate is calling for revenue of $2.06 billion, up…

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