EU and US could reach trade deal this weekend - Reuters
Investing.com - Truist Securities raised its price target on Ally Financial (NYSE:ALLY) to $45.00 from $44.00 while maintaining a Buy rating on the stock. The new target represents a potential 17% upside from the current price of $38.38, with analyst targets ranging from $37 to $59.
The price target increase follows Ally Financial’s strong second-quarter results, which prompted Truist to raise its 2025 earnings per share (EPS) estimate from $2.10 to $2.35. According to InvestingPro data, 10 analysts have recently revised their earnings estimates upward, suggesting growing confidence in the company’s outlook. Additional valuable insights are available through InvestingPro’s comprehensive analysis tools.
For 2026, Truist revised its EPS estimate slightly downward from $5.65 to $5.50, citing lower net interest income from reduced average earning assets, primarily in commercial floorplan.
The firm noted that the negative impact on 2026 earnings is partially offset by expectations for lower expenses and reduced charge-offs in Ally’s commercial book.
The new $45 price target is based on Truist’s projection of 2026 tangible book value per share of $45 and approximately 1x tangible book multiple.
In other recent news, Ally Financial reported impressive second-quarter 2025 results, with earnings per share reaching $0.99, which exceeded the consensus forecast of $0.81. The company’s revenues were also strong, totaling $2.1 billion and surpassing expectations by 2.94%. Following these results, JPMorgan raised its price target for Ally Financial to $45, maintaining an Overweight rating, while BofA Securities adjusted its target to $43, keeping a Buy rating.
Additionally, Ally Financial announced the upcoming retirement of its Chief Accounting Officer, David J. DeBrunner, with Austin T. McGrath set to succeed him effective August 2025. McGrath, a seasoned professional within the company, has been with Ally since 2007. In another development, Ally Financial launched its proprietary AI platform, Ally.ai, for all of its 10,000 employees, aiming to enhance productivity in tasks such as drafting emails and data analysis. These developments reflect Ally Financial’s ongoing efforts to strengthen its operational capabilities and market position.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.