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Is Ally Financial Stock a Buy?

TheMotleyFool

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Is Ally Financial Stock a Buy?: https://g.foolcdn.com/editorial/images/759666/online-banking-stocks-trading-investing.jpg

After what was a pretty disappointing 2023 for investors, in recent months, Ally Financial (NYSE: ALLY) has been on an absolute tear. Shares are up about 45% since the start of November.

Maybe investors are starting to forget about the regional banking fiasco earlier in the year. Moreover, the prospects of a more accommodative Federal Reserve in 2024 could be boosting market sentiment.

Is this digital bank stock a smart buy right now? Here are some important things investors should know that will factor into the decision.

Source Fool.com

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