ktterry1906
Sep 29, 2:43 AM
$ALLY
📉 ALLY slid -1.55% and likely felt the macro squeeze more than most. As a digital auto finance and banking company, rising long-term rates are a direct headwind, compressing net interest margins and weighing on auto loan demand. Q3 earnings are due October 20, and with rates ripping higher, the street may be getting more cautious ahead of that print. Analysts are still broadly bullish with a consensus price target around
$53, but the stock has pulled back sharply over the past month.
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