Why Ally Financial Stock Jumped 43% in 2023
Ally(ALLY) The Motley Fool·2024-01-09 23:13
Ally Financial (ALLY -1.35%) stock gained 43% in 2023, according to data provided by S&P Global Market Intelligence. Despite feeling pressure from the banking turmoil last March, the bank finished the year strong as the Federal Reserve signaled a potential pivot in its interest-rate policy.Ally Financial proved resilient amid March's banking turmoilAbout one year ago, bank stocks faced a significant test. Higher interest rates and deposit outflows put regional banks on the defensive.Ultimately, SVB Financia ...