4 Things You Need to Know if You Buy Ally Financial Stock Today
After a difficult 2022, stocks have gone on a tear this year. However, one industry that has lagged behind is bank stocks. Despite the recent stock run-up, the SPDR S&P 500 Bank ETF is up just 2.6% on the year, well below the SPDR S&P 500 ETF's return of 24.2%.
With the Federal Reserve potentially pivoting away from its tighter monetary policies, now could be an excellent opportunity to get in on bank stocks.
Ally Financial (NYSE: ALLY) is one bank stock investors may want to consider. The stock is priced right around book value and could be a solid buy for investors looking for a rebound in banking stocks. However, before you hit that buy button, here are four things you should know about Ally Financial.
Source Fool.com
