Buy on Weakness: Ally Financial Offers Value and Momentum Optionality Amid Macro Headwinds
Ally Financial (ALLY) is trading at a discount to book and earnings despite solid fundamentals: $13.1B market cap, trailing P/E ~10x, P/B ~0.84 and $1.1B in free cash flow. Macro headwinds in auto demand and tighter credit could pressure results near term, but the combination of yield-sensitive NIM expansion and a durable digital deposit franchise …