Author Topic: ALLY - Ally Financial  (Read 38509 times)

HJ

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Re: ALLY - Ally Financial
« Reply #90 on: December 28, 2018, 10:15:41 AM »
This thing has been trashed together with all the other consumer finance focused companies, SC, COF, DFS, SYF, ADS, etc.  Consumer credit seems to be holding in quite well for now.  Trading at something like 7x 2019 earning, significantly below book value (lower P/B than SC!), with ROE looking to do low teens going forward.  Relative to the big banks, they don't have any EM / European related risks, and people seem to think that domestically this go around, corporate credit is the one that is more problematic.  Pure US consumer focused business, there's some uncertainty regarding CECL, but certainly feels cheap at the moment. 


chesko182

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Re: ALLY - Ally Financial
« Reply #91 on: July 18, 2019, 11:38:40 AM »
Pretty solid results today and company keeps executing

EPS grew 17% YoY, highest since becoming public.

retail deposits up 21%, customer accounts up 23%. Mortgage originations and Ally invest is growing very nicely too

ROTCE of 12.4%, mgmt target is 13-14%

bought back 1bn worth of stock last year (8% of mkt cap), new buyback plan will buy almost 10% of curr mkt cap. has cumulatively bought 19% of shares outstanding since mid-2016 **all below book valued**

and after all this solid performance it still trades at just around tangible book value...

https://media.ally.com/
https://s2.q4cdn.com/753234398/files/doc_financials/2019/q2/2Q19-ALLY-Earnings-Presentation.pdf
twitter: @chesko182

ALLY, JPM, UHAL, BRK, GM, AER, LBRDA, SEMUF, TWX, PRXIQ