Ally Financial: Less Risky Than Previously Believed
Ally Financial now trades below the lows of 2015.
The financial doesn't lend to the high-risk drivers as presented by the media.
Ally appears on pace to grow TBV while the market applies an unwarranted discount to book value.
Typical of most financials, Ally Financial (NYSE:ALLY) trades far below the recent highs. The financial spun off from General Motors (NYSE:GM) now even trades far below book value.
The auto financing bank remains in the process of moving away from GM and has plenty of growth opportunities. The rebound to nearly $18 still leaves the stock below levels where the stock traded all of 2015 providing plenty of opportunity.