What To Expect From Ally Financial's Q2 Earnings
Despite financial stocks taking a breather over the last month, they're still some of the best performers of the year so far. Digital bank and car lending giant Ally Financial (NYSE: ALLY) is up 43% year to date at Wednesday's prices, and 337% from its pandemic low point set in March 2020 -- driven by record earnings amid favorable conditions in its key operating markets.
The company is set to release second-quarter earnings on July 20. Analysts anticipate further gains in the key metrics, adding to what they're expecting to be the best full-year result in Ally's 102-year history. It's no surprise given the frenzy in the auto market this year, which is the company's biggest segment, but some recent data shows the momentum may have taken a negative turn.
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Source Fool.com
