Major Move Is Coming For Ally Financial Inc After Bullish Options Activity

 Major Move Is Coming For Ally Financial Inc After Bullish Options Activity

In today’s session Ally Financial Inc (ALLY) registered an unusually high (3,282) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious ALLY increase. With 3,282 contracts traded and 5724 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: ALLY161216C00019000 closed last at: $0.45 or 10% down. About 1.71 million shares traded hands. Ally Financial Inc (NYSE:ALLY) has declined 0.88% since March 30, 2016 and is downtrending. It has underperformed by 3.89% the S&P500.

Analysts await Ally Financial Inc (NYSE:ALLY) to report earnings on November, 3. They expect $0.58 EPS, up 13.73% or $0.07 from last year’s $0.51 per share. ALLY’s profit will be $276.04 million for 7.70 P/E if the $0.58 EPS becomes a reality. After $0.54 actual EPS reported by Ally Financial Inc for the previous quarter, Wall Street now forecasts 7.41% EPS growth.

Ally Financial Inc (NYSE:ALLY) Ratings Coverage

Out of 11 analysts covering Ally Financial (NYSE:ALLY), 8 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 73% are positive. Ally Financial has been the topic of 15 analyst reports since July 29, 2015 according to StockzIntelligence Inc. Macquarie Research initiated Ally Financial Inc (NYSE:ALLY) on Wednesday, May 11 with “Neutral” rating. On Wednesday, July 29 the stock rating was upgraded by Credit Suisse to “Outperform”. The rating was upgraded by Zacks on Wednesday, September 2 to “Buy”. The stock has “Neutral” rating given by Bank of America on Friday, April 8. The rating was maintained by Deutsche Bank on Wednesday, May 4 with “Buy”. The firm earned “Overweight” rating on Monday, November 2 by Barclays Capital. Wells Fargo downgraded Ally Financial Inc (NYSE:ALLY) on Wednesday, April 27 to “Market Perform” rating. On Wednesday, September 16 the stock rating was upgraded by BMO Capital Markets to “Outperform”. The stock of Ally Financial Inc (NYSE:ALLY) earned “Buy” rating by Compass Point on Wednesday, February 3.

According to Zacks Investment Research, “Ally Financial Inc. is an automotive financial services company. Its automotive services business offers a full suite of financing products and services, including new and used vehicle inventory and consumer financing, leasing, inventory insurance, commercial loans and vehicle remarketing services. The company, through its subsidiary, Ally Bank, offers savings and money market accounts, certificates of deposit, interest-bearing checking accounts, and individual retirement accounts; and online and mobile banking, electronic bill pay, remote deposits, electronic funds transfer, and ATM fee reimbursement services. Ally Financial Inc. is based in Detroit, Michigan.”

Ally Financial Inc. is a financial holding firm and a bank holding company. The company has a market cap of $8.50 billion. The Company’s banking subsidiary, Ally Bank, is a franchise in the Internet, telephone, mobile and mail banking market. It currently has negative earnings. The Firm operates through three divisions: Automotive Finance operations, Insurance activities and Mortgage operations.

ALLY Company Profile

Ally Financial Inc., incorporated on February 21, 1997, is a financial holding firm and a bank holding company. The Company’s banking subsidiary, Ally Bank, is a franchise in the Internet, telephone, mobile and mail banking market. The Firm operates through three divisions: Automotive Finance operations, Insurance activities and Mortgage operations. The Company’s Automotive Finance activities segment provides automotive financing services to clients and automotive dealers. The Company’s Insurance activities segment offers both consumer financial and insurance products sold through the automotive dealer channel, and commercial insurance products sold to dealers. The Company’s Mortgage activities segment includes the management of its held-for-investment mortgage loan portfolio. The Company’s Corporate and Other segment consists of Corporate Finance, centralized corporate treasury activities, such as management of the cash and corporate investment securities portfolios, short- and long-term debt, retail and brokered deposit liabilities, derivative instruments, the amortization of the discount associated with debt issuances and bond exchanges, and the residual impacts of its corporate funds-transfer pricing (FTP) and treasury asset liability management (ALM) activities.

More recent Ally Financial Inc (NYSE:ALLY) news were published by: Prnewswire.com which released: “Ally Lucky Pennies Placed in 10 U.S. Cities May Be Worth $1000 Each” on October 18, 2016. Also Nasdaq.com published the news titled: “Ally Financial Inc. (ALLY) Ex-Dividend Date Scheduled for October 28, 2016” on October 27, 2016. Forbes.com‘s news article titled: “Ally Financial is Oversold” with publication date: October 31, 2016 was also an interesting one.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Tags: , ,

Related posts

Leave a Comment