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ALLY

Ally Financial

$26.97

-0.21 (-0.77%)

10:03
08/29/18
08/29
10:03
08/29/18
10:03

Ally exits RV, transportation equipment finance to focus on core operations

The company said, "To leverage its strengths, better optimize capital allocation, and provide even more focused dealer support, Ally Financial is taking strategic actions that will enable it to concentrate more on its core business operations. The renewed focus on its core strengths is at the heart of its recent decision to exit both the Transportation Equipment Finance and the RV Commercial and Consumer lines of business...Ally RV dealers were notified of the decision earlier in August, with commercial dealers being notified personally...Ally is continuing to service consumer retail contracts, but will notify them if there are any changes. Ally's Commercial Services Group, which finances and leases commercial vehicles from small cars to heavy duty trucks, is not affected by these changes and remains a vital component of Ally's value to a growing number of dealers in the space. Transportation Equipment Finance covers marine vessels, airplanes, rail cars and other non-vehicle assets that are originated directly with the customer. This decision to exit the RV and Transportation Equipment Finance lines of business had nothing to do with projections for either industry."

  • 20

    Sep

ALLY Ally Financial
$26.97

-0.21 (-0.77%)

06/19/18
06/19/18
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Ollie's Bargain Outlet (OLLI) initiated with a Hold at Loop Capital. 2. B&G Foods (BGS) assumed with a Neutral at Piper Jaffray. 3. Iterum Therapeutics (ITRM) initiated with an Outperform at RBC Capital and Leerink while being initiated with a Buy at Needham and Guggenheim. 4. Ingersoll-Rand (IR) initiated with an Outperform at Cowen. 5. Ally Financial (ALLY) initiated with a Neutral at Nomura Instinet. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
06/29/18
JANY
06/29/18
UPGRADE
JANY
Buy
Ally Financial upgraded to Buy from Neutral at Janney Montgomery Scott
06/29/18
06/29/18
UPGRADE

Buy
Janney upgrades Ally Financial, Santander Consumer to Buy on CCAR results
As previously reported, Janney Montgomery Scott analyst John Rowan upgraded both Santander Consumer (SC) and Ally Financial (ALLY), each to Buy from Neutral, after the Federal Reserve released the results of its Comprehensive Capital Analysis and Review, or CCAR, tests and did not object to the capital plans for either. The capital actions approved for Santander Consumer do not alleviate its excess capital, but they are "significant," Rowan tells investor. Meanwhile, Ally's share repurchase plan is 32% higher than last year, noted Rowan, who raised his EPS estimates for both companies. He has a $36 fair value estimate on Ally shares and a $24 fair value estimate for Santander Consumer.
07/30/18
BOFA
07/30/18
UPGRADE
Target $35
BOFA
Buy
Ally Financial upgraded to Buy from Neutral at BofA/Merrill
BofA/Merrill analyst Kenneth Bruce upgraded Ally Financial to Buy from Neutral and raised its price target to $36 from $33. Bruce said Ally continues to execute and sees earnings upside from strong business momentum and earnings growth and end is less concerned about cyclical pressures given favorable trends in auto sales, credit and used vehicle pricing.

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AYI

Acuity Brands

$161.46

3.9 (2.48%)

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TTNP

Titan Pharmaceuticals

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-0.08 (-13.79%)

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MTEM

Molecular Templates

$5.81

-0.44 (-7.04%)

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YMAB

Y-mAbs Therapeutics

$0.00

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VKTX

Viking Therapeutics

$18.92

-0.72 (-3.67%)

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TWIN

Twin Disc

$23.33

0.34 (1.48%)

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Twin Disc 1.333M share Secondary priced at $22.50 »

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  • 21

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FTCH

Farfetch

$0.00

(0.00%)

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CRSP

Crispr Therapeutics

$48.90

-3 (-5.78%)

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MDCA

MDC Partners

$4.55

0.25 (5.81%)

21:08
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MDC Partners to evaluate strategic alternatives »

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GWRE

Guidewire

$101.71

0.16 (0.16%)

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Guidewire sees 5-year target revenue of about $1.3B »

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  • 20

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AVMXY

Avita Medical

$0.00

(0.00%)

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LTS

Ladenburg Thalmann

$2.36

-0.03 (-1.26%)

20:05
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  • 27

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Conference/Events
Morgan Stanley multi-industrial analysts hold analyst/industry conference call »

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SPY

SPDR S&P 500 ETF Trust

$293.53

2.31 (0.79%)

, SPX

S&P 500

$0.00

(0.00%)

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General news
Trump's former lawyer Cohen met with Mueller multiple times, ABC says »

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SPDR S&P 500 ETF Trust

$293.53

2.31 (0.79%)

SPX

S&P 500

$0.00

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SCS

Steelcase

$16.10

0.8 (5.23%)

, ACAD

Acadia

$19.08

3.97 (26.27%)

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TXN

Texas Instruments

$108.50

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MCD

McDonald's

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RDS.A

Royal Dutch Shell

$66.83

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PIR

Pier 1 Imports

$1.80

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UNFI

United Natural Foods

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MU

Micron

$46.06

1.01 (2.24%)

SGH

Smart Global

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0.7 (2.35%)

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KORS

Michael Kors

$72.72

-0.33 (-0.45%)

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  • 20

    Sep

MDT

Medtronic

$97.47

1.01 (1.05%)

, MZOR

Mazor Robotics

$52.70

2.44 (4.85%)

19:00
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Medtronic to acquire Mazor Robotics for $58.50 per ADS, or about $1.64B »

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MDT

Medtronic

$97.47

1.01 (1.05%)

MZOR

Mazor Robotics

$52.70

2.44 (4.85%)

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  • 09

    Oct

MDT

Medtronic

$97.47

1.01 (1.05%)

, MZOR

Mazor Robotics

$52.70

2.44 (4.85%)

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Hot Stocks
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Medtronic

$97.47

1.01 (1.05%)

MZOR

Mazor Robotics

$52.70

2.44 (4.85%)

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  • 09

    Oct

ACAD

Acadia

$19.08

3.97 (26.27%)

18:54
09/20/18
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Upgrade
Acadia rating change at Piper Jaffray »

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  • 01

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ACAD

Acadia

$19.08

3.97 (26.27%)

18:48
09/20/18
09/20
18:48
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18:48
Upgrade
Acadia rating change at Piper Jaffray »

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  • 01

    Oct

SONA

Southern National Bancorp

$16.89

0.13 (0.78%)

18:45
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Southern National Bancorp names Jeffrey Karafa CFO »

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TSLA

Tesla

$298.32

-0.63 (-0.21%)

18:44
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Periodicals
Tesla VP of global supply management O'Connor to leave company, Bloomberg says »

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