Sat. Jan 11th, 2025

Ally Financial Reiterates Hold Rating Despite NIM Contraction Fears

Ally Financial Inc. received a hold rating from J.P. Morgan despite concerns over the company’s net interest margin (NIM) contraction. The analysts at J.P. Morgan believe that Ally Financial’s NIM will continue to face pressure due to rising interest rates and a decrease in the net interest income. However, they maintain their hold rating, suggesting that the stock is a neutral investment.

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