Citi analyst Keith Horowitz maintains $Ally Financial (ALLY.US)$ with a buy rating, and maintains the target price at $55.
According to TipRanks data, the analyst has a success rate of 74.8% and a total average return of 14.9% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Ally Financial (ALLY.US)$'s main analysts recently are as follows:
The firm maintains a 'constructive' outlook on bank stocks for 2025, predicting that earnings growth will expedite due to improved loan growth, enhanced capital markets activity, the resurgence of positive operating leverage, and ongoing share buybacks. Additionally, price-to-earnings multiples are projected to expand against a 'sound' economic backdrop, alongside regulatory reductions, increased returns, and mergers and acquisitions activity. It is contended that large-cap banks are poised to outperform the market into 2025 as their earnings growth speeds up.
Following recent political developments that seem to have revitalized business and consumer confidence, there is a growing optimism about the U.S. economy, although anticipations for further Federal Reserve easing have waned. This scenario is deemed favorable for stocks tied closely to consumer credit and expenditure. Conversely, sectors connected with the mortgage market may not fare as well owing to the persistence of high rates and constrained housing supply.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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