3 Things the Smartest Investors Know About Ally Financial
Shareholders of Ally Financial (NYSE: ALLY) are hoping that better days are ahead. Since the stock soared 380% between its March 2020 COVID low and its peak price in June 2021, it has once again cratered 58%. And even as the S&P 500 has climbed this year, Ally hasn't participated at all in the rally. Its shares are down 4% in 2023 (as of Oct. 26).
But perhaps this pessimism presents a potential opportunity to buy a beaten-down company. To gain a better understanding, read on to learn three things the smartest investors know about this bank stock. Then you can become more knowledgeable about the business to make a better investing decision.
Investors are probably familiar with Ally Financial and the fact that it's an online-only financial institution. The business offers a full suite of products and services, like checking and savings accounts, personal loans, investing accounts, and mortgages.
Source Fool.com
