"Goldman Sachs raised Ally Financial's price target to $56 from $50, maintaining a Buy rating. This revision reflects investor discussions on consumer credit resilience and net interest margin progression toward 3.8% or above."
"Ally Financial posted a 17 bps YoY NIM expansion to 3.52%, retail auto net charge-offs improved 15 bps to 1.97%, and consumer auto originations rose 13% YoY to $11.5 billion on a record 4.4 million applications."
Goldman Sachs increased Ally Financial's price target from $50 to $56 while maintaining a Buy rating. This adjustment is based on positive investor sentiment regarding consumer credit resilience and net interest margin progression. Ally's strong Q1 2026 performance, with adjusted earnings per share surpassing expectations, supports this outlook. The company aims for a mid-teens return on equity, with management reiterating its targets for net interest margin and return on tangible common equity. Key investor themes include credit loss trajectory and competitive dynamics in auto originations.
Read at 24/7 Wall St.
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