Ally Financial Surges to 365th in Trading Volume with $230 Million in Shares Exchanged

Generated by AI AgentAinvest Market Brief
Friday, Mar 28, 2025 7:59 pm ET1min read
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On March 28, 2025, Ally FinancialALLY-- (ALLY) saw a significant increase in trading volume, with a total of $230 million in shares exchanged, marking a 49.26% rise from the previous day. This surge placed AllyALLY-- in the 365th position in terms of trading volume for the day. The stock price of Ally Financial rose by 0.35%, marking the second consecutive day of gains, with a total increase of 1.82% over the past two days.

Ally Financial has announced that it will incur a pre-tax loss of $250 million in the first quarter of 2025. This loss is attributed to the company's strategic repositioning of its balance sheet, aimed at driving net interest income (NII) and net interest margin (NIM) expansion in the future.

Barclays has raised its price target for Ally Financial from $36.00 to $44.00, maintaining an "equal weight" rating. This adjustment reflects the firm's positive outlook on the company's strategic initiatives and potential for growth.

BTIG Research has downgraded Ally Financial from a "neutral" rating to a "sell" rating, setting a price objective of $30.00 for the stock. This change in rating suggests a more cautious stance on the company's near-term prospects.

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