Ally Financial (NYSE: ALLY) is a leading auto lender, but there’s a lot more to the business. Its recent results show that the business is holding up significantly better than investors expected, and it could be a massive beneficiary of falling interest rates in the years ahead, as I discuss in this brief video.
*Stock prices used were the afternoon prices of April 23, 2024. The video was published on April 23, 2024.
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Ally is an advertising partner of The Ascent, a Motley Fool company. Matt Frankel has positions in Ally Financial and General Motors. The Motley Fool recommends General Motors and recommends the following options: long January 2025 $25 calls on General Motors. The Motley Fool has a disclosure policy.
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1 Excellent Bank Stock to Buy Right Now was originally published by The Motley Fool