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Is Ally Financial Stock a Buy?

Is Ally Financial Stock a Buy?
Is Ally Financial Stock a Buy?

After what was a pretty disappointing 2023 for investors, in recent months, Ally Financial (NYSE: ALLY) has been on an absolute tear. Shares are up about 45% since the start of November.

Maybe

@drift hunters Arguably, investors are beginning to overlook the regional banking scandal that occurred earlier in the year. Furthermore, the expectation of a more accommodating Federal Reserve in 2024 may be enhancing market confidence.

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