Shares of Ally Financial Inc (ALLY) soared over 9% in Wednesday’s pre-market session after the company’s fourth-quarter earnings topped Wall Street estimates and net income more than doubled. Adjusted revenue stood at $2.

Buffett's financial stocks include major holdings such as American Express and Bank of America. Jefferies Financial has been his biggest winner recently, while Ally Financial is the cheapest and offers the juiciest dividend.

Truist raised the firm’s price target on Ally Financial (ALLY) to $47 from $42 and keeps a Buy rating on the shares after its Q4 earnings beat.

Ally Financial (ALLY) is up 8.2%, or $3.13 to $41.31. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See Insiders’ Hot Stocks ...

Ally Financial (NYSE: ALLY) became a standalone company in 2014 when it was spun off from General Motors (NYSE: GM). This is actually pretty important because it speaks to Ally Financial's business model of making auto loans.

DETROIT (AP) — DETROIT (AP) — Ally Financial Inc. (ALLY) on Wednesday reported fourth-quarter earnings of $108 million. On a per-share basis, the Detroit-based company said it had net income of 26 cents. Earnings, adjusted for non-recurring costs and to account for discontinued operations, were 78 cents per share.

Ally Financial (ALLY) stock jumped 8.6%in Wednesday premarket trading after the lender posted stronger-than-expected Q4 results and announced an agreement to sell its card business.

More swindlers are using the technology to trick firms and customers, Finra said.

Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 1.12% of Ally Financial Inc (ALLY)’s shares, while financial institutions hold 91.55%.

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Ally Financial (NYSE:ALLY), formerly known as GMAC Inc., is a major player in the finance sector, offering a range of financial products and services. With a market capitalization of nearly $12 billion and a price-to-book ratio of 1.

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