Ally Financial: Buy, Sell, or Hold?
Some well-known businesses in the financial services sector have done remarkably well for investors recently. Shares of industry heavyweights Goldman Sachs and JPMorgan Chase, as well as younger fintech providers SoFi Technologies and Robinhood Markets, have surged in the past 12 months.That's why it comes as a surprise that shares of Ally Financial (NYSE: ALLY) are up just 2% in the last year (as of Feb. 26). Even worse, they trade 34% below their all-time high from June 2021. Maybe Ally is on the radar of investors looking to add portfolio exposure to the industry.Should you buy, sell, or hold this beaten-down bank stock right now?Continue reading
Some well-known businesses in the financial services sector have done remarkably well for investors recently. Shares of industry heavyweights Goldman Sachs and JPMorgan Chase, as well as younger fintech providers SoFi Technologies and Robinhood Markets, have surged in the past 12 months.
That's why it comes as a surprise that shares of Ally Financial (NYSE: ALLY) are up just 2% in the last year (as of Feb. 26). Even worse, they trade 34% below their all-time high from June 2021. Maybe Ally is on the radar of investors looking to add portfolio exposure to the industry.
Should you buy, sell, or hold this beaten-down bank stock right now?
