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Stock Market & Financial Investment News

News Breaks
April 10, 2014
13:46 EDTALLYAlly Financial trying to hammer out a bottom, levels to watch
The shares broke the IPO price of $25 from the outset and have dipped as low at $23.91. It looks like the shares are trying to put in some kind of bottom at $24. If that level can hold there might be a rally attempt, with the high of the day at $24.79 and the IPO price as upside objectives. There's no way to gauge what might happen in a break below the low of the day other than perhaps a test down to a typical options strike such as $22.50.
News For ALLY From The Last 14 Days
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February 20, 2015
08:11 EDTALLYAlly CEO exploring subprime lending, sees loss of GM business, Detroit News says
Ally (ALLY) CEO Jeffrey Brown stated in a Thursday interview with The Detroit News that the company may return to offering credit cards and home mortgages, and currently plans to expand auto lending to subprime customers. The CEO said he expects to decide within 30-60 days whether Ally will consolidate its five locations to a single headquarters in the Detroit suburbs. Brown added that he expects GM (GM) to shift its $4.1B subsidized leasing program for Chevrolet from Ally to GM Financial, which the Ally CEO wants to offset by increasing subprime lending from 9% of total lending to 12%-15%. Reference Link
07:04 EDTALLYAlly CEO assuming company will lose all of GM's leasing business, Reuters says
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February 13, 2015
17:52 EDTALLYThird Point gives quarterly update on stakes
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February 12, 2015
10:00 EDTALLYOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Ally Financial (ALLY) upgraded to Outperform from Market Perform at Bernstein... BGC Partners (BGCP) upgraded to Outperform from Market Perform at Keefe Bruyette... Ballard Power (BLDP) upgraded to Buy from Hold at Lake Street... Copa Holdings (CPA) upgraded to Buy from Hold at Deutsche Bank... HubSpot (HUBS) upgraded to Overweight from Neutral at JPMorgan... INC Research (INCR) upgraded to Outperform from Neutral at RW Baird... Mosaic (MOS) upgraded to Buy at UBS... NICE Systems (NICE) upgraded to Equal Weight from Underweight at Barclays... Skechers (SKX) upgraded to Neutral from Underperform at Buckingham... TubeMogul (TUBE) upgraded to Buy from Neutral at Citigroup... Urban Outfitters (URBN) upgraded to Buy from Neutral at Goldman... Willis Group (WSH) upgraded at Morgan Stanley.
06:45 EDTALLYAlly Financial upgraded to Outperform with $29 target at Bernstein
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06:08 EDTALLYAlly Financial upgraded to Outperform from Market Perform at Bernstein

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