BUZZ-US consumer finance industry's outlook improves as Fed to cut rates, Morgan Stanley says
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Morgan Stanley has upgraded its outlook for the US consumer finance industry from "cautious" to "in-line," raising price targets by a median of 13%. The firm identifies Ally Financial as the best investment opportunity, anticipating a 48 basis point increase in Net Interest Margin by Q4 2027. UWM Holdings was downgraded to "equal-weight" due to valuation risks. While a modest recovery in loan growth is expected in 2026, banks remain cautious about macroeconomic conditions. Year-to-date, Ally is up 10.22% and UWM is up 3.49%.
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