Ally Financial is a credit service company located in Michigan, United States, which is part of the Financial Services sector, and is traded under the ticker ALLY on the NYSE exchange.
Ally Financial stock last closed at $40.59, up 1.96% from the previous day, and has increased 67.52% in one year. It has overperformed other stocks in the Credit Services industry by 0.38 percentage points. Ally Financial stock is currently +80.08% from its 52-week low of $22.54, and -2.33% from its 52-week high of $41.56.
There are currently 303.96M ALLY shares outstanding. The market cap of ALLY is $12.34B. In the past 24 hours, 3.56M ALLY shares were traded.
How to Buy Ally Financial Stock
Wondering how to invest in Ally Financial stock? Here's how.
Choose where to buy Ally Financial stock: You need to pick a stock brokerage, but don't worry - we've tried dozens of online stock brokerages and apps to help you figure out where to buy Ally Financial stock.
Sign up for a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
Put funds into your investment account: Choose your payment method and add your info.
Evaluate Ally Financial stock: The Ally Financial ticker symbol is ALLY. Is Ally Financial stock a good investment? Should you buy shares of ALLY? How do ALLY's underlying business fundamentals look? Do top analysts think Ally Financial is a good buy? Why has ALLY's stock price moved recently? (Hint: Our stock market research tools can help you figure out if ALLY is a good stock to buy).
Execute your ALLY buy order: Decide if you will purchase ALLY shares at the current market price or use a limit order to purchase ALLY shares at a particular price.
Monitor your ALLY position: Create a watchlist to track your investment in Ally Financial shares.
Step 1: Choose where to buy Ally Financial stock
You will need an online brokerage account to access the NYSE market and buy ALLY shares.
A brokerage account is an investment account that allows you to buy and sell a variety of financial instruments, including stocks, bonds, mutual funds, and ETFs.
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Step 2: Sign up for a brokerage account
Now that you've picked your brokerage, you need to fill out some personal info so you can buy ALLY stock today.
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
Step 4: Evaluate Ally Financial stock
Once you have decided on the best place to buy Ally Financial stock, it's very important to research their stock prior to investing, so you can understand the risk as well as the opportunity.
Ally Financial Numbers
ALLY Price
$40.59
1w %
-0.02%
1y %
67.52%
5y %
48.79%
P/E
13.53x
P/B
0.9x
P/S
1.5x
PEG
0.14x
Revenue
$8.21B
Earnings
$910.00M
Fore. Rev. Growth
5.56%
Fore. Earn. Growth
110.71%
Market Cap
$12.34B
Next Earnings
Apr 18, 2024
Next Dividend
N/A
ALLY Overview
WallStreetZen was designed to help average investors perform more accurate fundamental analysis in less time.
ALLY earnings of $971.00M is not sufficient to cover its interest payments.
ALLY's operating cash flow of $4.66B allows it to safely service it's debt of $20.87B.
Failed Financial Due Diligence Checks:
ALLY profit margin has gone down from 19% to 11.1% in the past year.
ALLY has a relatively high debt to equity ratio of 13.27.
Total ALLY debt is higher than 5 years ago, relative to shareholder equity.
Is ALLY stock a Buy, Hold, or Sell, according to analysts?
Out of 14 sell side analysts who give forecasts on ALLY, the consensus analyst rating on Ally Financial is a Buy
Please note that analyst forecasts are not recommendations, nor are they financial advice.
Most Recent ALLY Analyst Upgrades/Downgrades
Meng Jiao, a top 22% analyst from Deutsche Bank initiates coverage on ALLY with a strong buy rating and announces their ALLY price target of $47.00, on Jan 10, 2024.
Jason Goldberg, a bottom 10% analyst from Barclays maintains ALLY with a hold rating and raises their ALLY price target from $32.00 to $43.00, on Jan 2, 2024.
Ryan Nash, a top 25% analyst from Goldman Sachs maintains ALLY with a strong buy rating and raises their ALLY price target from $33.00 to $37.00, on Dec 18, 2023.
Betsy Van Hees, a top 49% analyst from Morgan Stanley upgrades ALLY to a hold rating and announces their ALLY price target of $31.00, on Dec 13, 2023.
Bill Carcache, a top 3% analyst from Wolfe Research upgrades ALLY to a buy rating and announces their ALLY price target of $39.00, on Nov 30, 2023.
Last year, ALLY earnings were $910.00M. In the last 5 year, ALLY's earnings have gone up by 0.2% per year. This was slower than the Credit Services industry average of 11.94%.
Last year, ALLY revenue was $8.21B. Over the last five year, ALLY's revenue has increased by 7.19% per year. This was slower than the Credit Services industry average of 9.55%.
Ally Financial pays a dividend of 2.96%, compared to the Credit Services industry's average dividend yield of 3.89%. If you owned $1,000 of ALLY stock, you would have been paid $29.56 in the past year.
Ally Financial dividend payments have consistently grown over the past 8 years and have remained stable.
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Step 5: Execute your ALLY buy order
You have two primary types of orders:
Market order: A market order is an order to buy or sell a stock at the best available price. Market orders are usually sufficient.
Limit order: A limit order allows you to buy or sell a stock at a specific price (or better). If you want to be certain you're buying or selling at a given dollar amount, place a limit order.
Press the Open button and your broker will execute your order.
If you need additional info about buying stocks on eToro, watch the how to video below:
How much does it cost to buy one Ally Financial share?
As of Mar 28, 2024, it costs $40.59 to buy one share of Ally Financial stock.
Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $10, you can buy 0.246 shares of ALLY.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.
Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.