Financials Sector Fallout: Macro Clues From Conferences and Interim Data
ALLYAlly(ALLY) Gurufocus·2024-09-18 23:02

Conference season brings about its own set of volatility catalysts. Portfolio managers and traders must keep their ears out for clues on the state of the broad economy, specific industries and individual companies. That's not a bunch of fluff – just take a look at what happened to shares of Ally Financial (ALLY, Financial) last week. On Sept. 10, the $10 billion market cap consumer finance industry stock endured its worst session since March 2020.1Cautious comments from Chief Financial Officer Russ Hutchins ...