Ally Financial (NYSE: ALLY) faced a steep decline as its Chief Financial Officer, Russ Hutchinson, highlighted worsening conditions within its auto loan portfolio. Rising delinquencies, heightened net charge-offs, and the ongoing struggles of its typical borrower amid a challenging economic environment have weighed heavily on investor sentiment, leading to a...
In a significant development in the financial sector, Synchrony (NYSE: NYSE:SYF ) and Ally Financial Inc. (NYSE: NYSE:ALLY ) have recently inked a definitive agreement for Synchrony to acquire NYSE:ALLY 's point-of-sale financing business, encompassing $2.2 billion in loan receivables. The move is poised to reshape the landscape of home improvement and...
Analyzing the options chain and the chart patterns of ALLY Ally Financial prior to the earnings report this week, I would consider purchasing the 31usd strike price Puts with an expiration date of 2024-2-16, for a premium of approximately $0.80. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
📊 Fed's Influence: Ally Financial (ALLY) positioned to benefit from the Federal Reserve's indication of multiple interest rate cuts in the latter half of 2024. This shift is expected to drive higher loan demand and boost net interest income. 💵 Interest Rate Dynamics: Lower rates to depositors anticipated, stimulating increased borrowing. 🔍 Strategic...
SLO @ 49.66 TP3 @ 47.33 (shave 50%) TP2 @ 38.85 (shave 50%) TP1 @ 25.50 (shave 50%) BLO @ 17.00
Looking at the ALLY Financial options chain ahead of earnings , I would buy the $27 strike price at the money Puts with 2023-1-20 expiration date for about $1.00 premium. If the options turn out to be profitable Before the earnings release, i would sell at least 50%. Looking forward to read your opinion about it.
Keep this one on your watch lists for a setup. Strong downtrend break on a Power Earnings Gap.
Another wedge has presented itself and it looks almost ready for some more upside. Currently between the ATH VWAP and the 8MA after the large bearish reversal on the 28th, with price action right below the POC. Demand above should present itself above both key VWAPs that have begun to move closer together. With relatively low IV, a strong move will present itself...
Pretty much has followed the same trend as all financials, especially JPM. MACD and RSI need to cool off the next weeks, but trend should hold as long as we don't break through 30 key fib level.
$ALLY Upside trade to $36 and then a breakout...Financials doing well in the market and environment of low interest rates...
ALLY has recently been upgraded by Zacks.com to a rank 1 (strong buy). It has beaten earnings for the past 4 quarters. It is currently setting up for a possible break out. I will be looking to go long this week on the close above the upper trendline of the symmetrical triangle.