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