Ally Financial's Margin Is About to Get a Tailwind as High-Cost Deposits Roll Off. Is the Digital Bank a Buy?
Ally Financial certainly has potential.
Overview
Investors looking for a cheap stock with significant upside potential may want to consider Ally Financial (NYSE: ALLY). Ally is one of just a few dozen stocks in the Berkshire Hathaway portfolio, added several years ago by former CEO Warren Buffett. That says a lot right there.
Ally is also one of the first fully online banks, with its origins as General Motors' auto financing arm. While it is a full-service online bank, it is one of the largest auto loan lenders, and that segment of its business is the largest.
Details
The stock has sputtered this year -- it's down 2.7% year to date and up about 9% over the past year. But it has a solid track record, averaging about 10.7% returns over the past 10 years.
Source
Originally published at www.fool.com.
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