4 Things You Need to Know if You Buy Ally Financial Today
Are you considering a new position in Ally Financial (NYSE: ALLY)? It's not a crazy idea. The stock's dirt cheap right now, priced at less than ten times its trailing-per-share earnings and less than 9 times its profits projected for the year ahead. The dividend yield of 3.5% isn't too shabby either.
Before taking the plunge, however, there are four things you might want to know. The good news? They're not all necessarily problems.
If you're reading this, then you're probably already familiar with the company. If not, Ally Financial is an online bank. While it may not offer the higher-level banking services that often require visits to physical branches, it does offer basic banking services like checking accounts, credit cards, and loans. It also allows its customers to access a nationwide network of third-party ATMs. As a consumer, you could very easily get all the banking services you'll ever need from Ally Financial.
Source Fool.com
