Ally Financial (NYSE: ALLY) is getting hit hard by worsening credit conditions in the automotive market and rising interest rates. At Wednesday's closing price, the auto lender's stock was down 43% this year, more than double the nearly 20% drop for the S&P 500.

Yet even with the short-term earnings pressure, now could be a great time to scoop up some shares of Ally Financial if you have a multiyear time horizon. Here's why.

Continue reading

Source Fool.com