Mid-level back office employee at one big bank having an upcoming interview for a mid-level analyst position at Ally Bank/Financial in the next few days. Not too sure if I am the right fit for the job, but I'll find out in the next few days. Looking to see if they can semi-meet my salary expectations in order to make the job hopping worth it monetary compensation wise and benefit compensation wise (since I'm bored where I am at).
Looking for pros/cons of working there. Good/bad/career development and advancement. Thanks!
Ally Financial (ALLY) has recently gained some popularity over the past few years. They have 2 main streams of revenue, personal banking and auto financing.
I'm personally drawn to this stock because of the personal banking. I bank with Ally and I really like it so far. Great saving rates, no fees, super user friendly app, great customer service, etc. What's interesting is they don't have physical locations. At first I was concerned about this, but, I haven't ran into issues.
To my knowledge the personal banking is relative new and growing. Recently they have entered into the investing world as well. I'm sure this will increase their onboarding.
They seem to have a good culture, the valuation is attractive considering the smaller size and growth, and they offer a dividend. Overall I like the company.
I think this could be a big win in a few years if they keep onboarding users. Ally is a "cool new bank" that is attractive to the younger generation. I understand doubling the user base will not happen over night but I can see consistent growth.
To get an idea of their size relative to other big banks, I'll list a few market caps of well known banks and Ally's below:
ALLY: 20B
WFC: 190B
BAC: 363B
C: 160B
JPM: 492B
Questions that I have:
The savings rates for Ally are higher than many other banks, how do they accomplish that? Lower margins?
Can they actually compete against the "big banks"?
Do they operate differently? If so, how?
What are the main risk for this company?
SEC Chairman Gary Gensler, DTCC CEO Michael Bodson and FINRA CEO Robert Cook will Testify in U.S. House Financial Services Committee Hearing Thursday MAY 6TH 2021
Its a full committee hearing, here is a list of our Financial Services Committee Representatives: https://financialservices.house.gov/about/committee-membership.htm
WHO ARE OUR ALLIES ON THIS LIST?
Who should we be targeting to make sure the right questions get answered? This could be a powerful opportunity, but we should act fast its only 4 days away.
AND the most importantly, WHAT EXACTLY ARE OUR QUESTIONS? Need a much wrinklier brain than mine for this, im sure our collective intelligence and effort can come up with a few direct questions that could shed a light into some very dark corners.
Ro Khanna would be ideal but he is not on committee. He was given r/attobits DD on Andrew MoMoneys show April 7th. He's had more than enough time to review it. We should be reaching out to him regardless, can he request to be present and ask questions? If you havent seen it yet, here is link to that episode.: https://youtu.be/sKnXneFUbxU
Here is a 10 min compilation of good questions for Robin Hood from the first hearing: https://youtu.be/FDFVD-wsHbI
Please share your thoughts and suggestions! This could be a rare opportunity to inform our representatives, potentially get our questions answered, and watch them duck, dodge, and squirm.
Take aim and HOLD!
Estoy en varios grupos value investing y veo que es una acciΓ³n de la cual todo el tiempo se habla. De hecho Oaktre Capital y otros fondos de la talla, como tambiΓ©n grandes value investors, estΓ‘n comenzando a poner ojos en ella. Alguien me explicarΓa su modelo de negocio, y un pequeΓ±o anΓ‘lisis fundamental?
https://preview.redd.it/2aktj4sogr271.png?width=959&format=png&auto=webp&s=41abccca0025b24d9fdad019bcc738e825b780eb
Yesterday, I was at a dealership, because my current least is up at the end of May, so I am searching for my next car. I was going to try to leverage my leased vehicle as trade-in value, because the car is worth maybe 5-10k more than what my buyout price is listed as, because I've only put 9k miles on the car (thanks to working from home) in the 3 years I've had it, and because covid has caused used car prices to go up considerably.
The buyout price on the contract is listed as $23,600. Ally Financial quoted the dealer $32,500 as the dealer buyout. And this wasn't the dealer trying to pull a fast one on me, because I was sitting next to him while he was on the call and he had it on speakerphone. I heard it from the person on the call and it floored me. Ally Financial's explanation is that they are selling the car at what they consider to be market value, but that's above market value for a 2018 Dodge Challenger R/T, even with only 9000 miles. Also, I only have 2 payments left, which total around $600 dollars, so that can't explain the $9000 difference between the price that I can buy it at, and the price the dealer was quoted.
So, I'm curious: is this standard practice for leases? Are the buyout prices for the leasee and for dealers usually this far apart? It seems like my only options are to turn the car in and lose that equity, or buy the car myself, and then sell it to a dealership or a service like Carmax/Carvana. If this is the case, it has completely soured me from ever doing a car lease again, and from ever doing business with Ally, if I have the choice. Also, I guess I'm curious what people think is the best option going forward. I can buy the car, but someone from the dealership I got the lease from (different from the one I was at yesterday) told me that if I buy the car, I have to hold onto it for about 45 days before I sell it, otherwise Ally will penalize the dealer that buys it.
$ALLY Ally Financial stock with a narrow range breakout watch above 55.32 , see https://stockconsultant.com/?ALLY
ALLY Ally Financial stock chart
#investing #finance #stocks #money #wallstreet
While I believe that commercial banks aren't necessarily investment worthy in the financial sector, Ally financial may be changing all of that, and itβll be doing it at a very reasonable valuation with tremendous growth potential. Ally is a provider of all of your traditional financial services, from mortgages to car financing to savings accounts to investment accounts, and it provides all of these services online. They started as General Motorsβ branch of financing for car loans and eventually expanded into auto insurance, real estate and mortgage, and consumer banking. The bones of this GM institution were then bought out by PE firms Cerberus, KKR, and Goldman Sachs PE. After stripping down a lot of operations post the 2008 financial crisis, GMAC applied to become a bank holding company and rebranded itself as Ally Financial. After recovering from the recession entirely around 2014, Ally went public. Since then, theyβve largely focused their operations on becoming an online-only bank, offering competitive rates for deposits into savings accounts. About 3-4% of the traditional commercial banking segment has currently been poached by Ally. Currently, Ally has $185B in assets with $121B in total deposits and $36.3B in auto loan origination. Last year, Ally Financial had the highest total sales and earnings per share out of any year on record, with an additional $14.6B in deposits backing this.
According to S&P Global; American Express, Discover, Goldman Sachs, and Ally have delivered far better deposit growth when compared to traditional banks like JP Morgan, Bank of America, Wells Fargo, and Citi. The biggest indicator of a companyβs success lies not in its financials -- which are what bear the fruits of the success -- but in the leadership. Despite Ally financials humble beginnings as GMAC, their adaptability in changing everything in the past ten years out of their century-long history gives us some perspective into how important leadership truly is. Before, Allyβs auto loan business provided only to GM and Chrysler dealers minimally, but now in this decentralized era which consists of thousands of dealers dealing out thousands of cars, Ally has went the extra step and not only works with every manufacturer, but they now have a βmarket-driven, full product suite, full credit-spectrum, OEM-agnostic provider employing sophisticated pricing and risk analytics to optimize
risk-adjusted returnsβ. Adding to what used to be their primary business model,
... keep reading on reddit β‘Wellbe Coin Project makes a splendid idea for all financial backers and early allies. This is a potential and completely decentralization idea too .The project has a clear development strategy that allows developers to work confidently to improve the platform.
My Ally invest account went from $23,000 down to $1,900 overnight, for the entire day, and they won't let me trade at all on any stock. To top it off, you can't speak to anyone about it, was on the phone holding for 2 hrs, also chat was unavailable. After this mess is over seriously considering selling at least 30% and taking it to another place. This feels like more than just a technical problem.
To those lucky who got the Argentenium award from u/allyfinancial, they should be on your trophy cabinets now.
Really poor system. Que only holds 30 people, avg. que time is 10 minutes...which means it will take 300 minutes to get in...which is FIVE HOURS.
Nice idea, terrible execution. Very disappointed.
Ally Financial (ALLY) has recently gained some popularity over the past few years. They have 2 main streams of revenue, personal banking and auto financing.
I'm personally drawn to this stock because of the personal banking. I bank with Ally and I really like it so far. Great saving rates, no fees, super user friendly app, great customer service, etc. What's interesting is they don't have physical locations. At first I was concerned about this, but, I haven't ran into issues.
To my knowledge the personal banking is relative new and growing. Recently they have entered into the investing world as well. I'm sure this will increase their onboarding.
They seem to have a good culture, the valuation is attractive considering the smaller size and growth, and they offer a dividend. Overall I like the company.
I think this could be a big win in a few years if they keep onboarding users. Ally is a "cool new bank" that is attractive to the younger generation. I understand doubling the user base will not happen over night but I can see consistent growth.
To get an idea of their size relative to other big banks, I'll list a few market caps of well known banks and Ally's below:
ALLY: 20B
WFC: 190B
BAC: 363B
C: 160B
JPM: 492B
Questions that I have:
The savings rates for Ally are higher than many other banks, how do they accomplish that? Lower margins?
Can they actually compete against the "big banks"?
Do they operate differently? If so, how?
What are the main risk for this company?
Any other info would be greatly appreciated!
While I believe that commercial banks aren't necessarily investment worthy in the financial sector, Ally financial may be changing all of that, and itβll be doing it at a very reasonable valuation with tremendous growth potential. Ally is a provider of all of your traditional financial services, from mortgages to car financing to savings accounts to investment accounts, and it provides all of these services online. They started as General Motorsβ branch of financing for car loans and eventually expanded into auto insurance, real estate and mortgage, and consumer banking. The bones of this GM institution were then bought out by PE firms Cerberus, KKR, and Goldman Sachs PE. After stripping down a lot of operations post the 2008 financial crisis, GMAC applied to become a bank holding company and rebranded itself as Ally Financial. After recovering from the recession entirely around 2014, Ally went public. Since then, theyβve largely focused their operations on becoming an online-only bank, offering competitive rates for deposits into savings accounts. About 3-4% of the traditional commercial banking segment has currently been poached by Ally. Currently, Ally has $185B in assets with $121B in total deposits and $36.3B in auto loan origination. Last year, Ally Financial had the highest total sales and earnings per share out of any year on record, with an additional $14.6B in deposits backing this.
According to S&P Global; American Express, Discover, Goldman Sachs, and Ally have delivered far better deposit growth when compared to traditional banks like JP Morgan, Bank of America, Wells Fargo, and Citi. The biggest indicator of a companyβs success lies not in its financials -- which are what bear the fruits of the success -- but in the leadership. Despite Ally financials humble beginnings as GMAC, their adaptability in changing everything in the past ten years out of their century-long history gives us some perspective into how important leadership truly is. Before, Allyβs auto loan business provided only to GM and Chrysler dealers minimally, but now in this decentralized era which consists of thousands of dealers dealing out thousands of cars, Ally has went the extra step and not only works with every manufacturer, but they now have a βmarket-driven, full product suite, full credit-spectrum, OEM-agnostic provider employing sophisticated pricing and risk analytics to optimize
risk-adjusted returnsβ. Adding to what used to be their primary business model,
... keep reading on reddit β‘$ALLY Financial stock with a breakout watch above 45.54 , see https://stockconsultant.com/?ALLY
#finance #money #wallstreet #stockmarket #stocks
$ALLY Ally Financial stock with a narrow range breakout watch above 44.53 , see https://stockconsultant.com/?ALLY
ALLY Ally Financial stock chart
#finance #money #wallstreet #stockmarket #stocks
$ALLY Ally Financial stock with a narrow range breakout watch above 43.03 , see https://stockconsultant.com/?ALLY
ALLY Ally Financial stock chart
#finance #money #wallstreet #stockmarket #stocks
