<p><strong>Ally Financial</strong>（ALLY 1.11%）在过去一年中表现不佳，因对违约上升和需求担忧的恐惧影响了该银行的股票。然而，该公司刚刚宣布了一些重大举措，2025 年可能成为该业务的一个重要转折点。</p>
<p>Ally 不仅重新聚焦于其核心业务，而且该公司可能会成为美联储降息的主要受益者。由于该银行的股票估值低于大多数同行，现在可能是仔细审视的好时机。</p>
<h2>Ally 专注于其核心业务</h2>
<p>在发布第四季度财报的同时，Ally 宣布计划重新聚焦于其经销商融资、企业融资和消费者银行等核心业务。</p>
<p>作为这一计划的一部分，Ally 将其 23 亿美元的信用卡组合出售给 CardWorks，并且在 1 月 31 日后不再接受新的抵押贷款申请。该公司最近还完成了一次裁员，预计将每年节省 6000 万美元的成本。</p>
<p>不难看出，Ally 为何想要专注于其核心业务线。它在新汽车融资方面是市场领导者，2024 年新发放汽车贷款的平均收益率为 10.4%，尽管整体信用质量强劲。尽管在 2024 年初对需求存在担忧，Ally 的申请量同比增长了 6%。</p>
<p>Ally 的保险业务表现也相当不错，在 2024 年第四季度，其获得的保费达到了自 IPO 以来的最高季度水平。在零售方面，Ally 拥有 1430 亿美元的消费者余额和 95% 的客户保留率。</p>
<p>最近的业绩表现强劲。在第四季度，Ally 在收入和净利润两方面均超出预期。其净利差环比上升了一个基点，投资者似乎对处置风险较高的信用卡业务表示欢呼。</p>
<p>然而，重要的是要注意，信用卡业务在公司中占比较小，Ally 预计 2025 年的盈利能力将会_改善_。以下是 Ally 2025 年指引的两个关键点：</p>
<ul>
<li>公司预计净利差（NIM）将在 3.4%-3.5% 范围内，即使在出售高利息信用卡业务之后。作为参考，Ally 第四季度的 NIM 为 3.33%。</li>
<li>Ally 预计 2025 年的汽车净坏账率（NCO）为 2% 至 2.25%，这将显著改善第四季度的 2.34% 坏账率。</li>
</ul>
<h2>2025 年及以后的重大顺风</h2>
<p>展望未来，随着利率开始下降，Ally 可能成为主要受益者。随着美联储降息，Ally 的存款成本降低，而较低的利率通常伴随着对汽车贷款的更高需求。</p>
<p>特朗普政府的政策也可能带来潜在的顺风。特朗普总统通常支持减少监管，并在其总统任期的第一天就发布了一项行政命令，冻结新的监管措施。此外，特朗普在竞选中承诺 15% 的企业税率，而 Ally 可能成为_重大_受益者，因为该银行预计 2025 年的有效税率为 22%-23%。</p>
<p>底线是，Ally 正在采取明智的举措，2025 年可能为其业务带来良好的环境。由于股票交易价格略低于其账面价值，现在可能是仔细审视的好时机。</p>

ALLY

<p>Ally Financial (ALLY) 因违约率上升和需求担忧而面临市场表现不佳。然而，该公司正重新聚焦于核心业务，并可能受益于 2025 年美联储的降息。Ally 计划出售其 23 亿美元的信用卡投资组合，并已完成裁员，以实现 6000 万美元的年度节省。该公司预计盈利能力将改善，预计 2025 年的净利差为 3.4%-3.5%，汽车净坏账率将降低。由于股票交易价格低于账面价值，投资者可能是考虑 Ally 的好时机</p>

<p><strong>Ally Financial</strong>(ALLY 1.11%) has underperformed the market over the past year, with fears of rising defaults and demand concerns weighing on the bank's stock. However, the company just announced some big moves, and 2025 could be a major inflection point for this business.</p>
<div class="lb-trans"><p><strong>Ally Financial</strong>（ALLY 1.11%）在过去一年中表现不佳，因对违约上升和需求担忧的恐惧影响了该银行的股票。然而，该公司刚刚宣布了一些重大举措，2025 年可能成为该业务的一个重要转折点。</p>
</div><p>Not only is Ally refocusing its efforts on its core businesses, but the company could be a big beneficiary of Federal Reserve interest rate cuts. With the bank stock trading at a cheaper valuation than most of its peers, now could be a good time to take a closer look.</p>
<div class="lb-trans"><p>Ally 不仅重新聚焦于其核心业务，而且该公司可能会成为美联储降息的主要受益者。由于该银行的股票估值低于大多数同行，现在可能是仔细审视的好时机。</p>
</div><h2>Ally is focusing on its core business</h2>
<div class="lb-trans"><h2>Ally 专注于其核心业务</h2>
</div><p>Along with its fourth-quarter earnings report, Ally announced that it plans to refocus its efforts on its core businesses of dealer financing, corporate financing, and consumer banking.</p>
<div class="lb-trans"><p>在发布第四季度财报的同时，Ally 宣布计划重新聚焦于其经销商融资、企业融资和消费者银行等核心业务。</p>
</div><p>As part of this, Ally is selling its $2.3 billion credit card portfolio to CardWorks and is no longer accepting new mortgage applications after Jan. 31. The company also completed a workforce reduction recently, which it expects to result in $60 million in cost savings annually.</p>
<div class="lb-trans"><p>作为这一计划的一部分，Ally 将其 23 亿美元的信用卡组合出售给 CardWorks，并且在 1 月 31 日后不再接受新的抵押贷款申请。该公司最近还完成了一次裁员，预计将每年节省 6000 万美元的成本。</p>
</div><p>It isn't difficult to see why Ally might want to focus on its core business lines. It is a market leader in new auto financing, and its average yield on a newly originated auto loan in 2024 was 10.4%, despite strong overall credit quality. And while there were concerns about demand heading into 2024, Ally's application volume increased by 6% year over year.</p>
<div class="lb-trans"><p>不难看出，Ally 为何想要专注于其核心业务线。它在新汽车融资方面是市场领导者，2024 年新发放汽车贷款的平均收益率为 10.4%，尽管整体信用质量强劲。尽管在 2024 年初对需求存在担忧，Ally 的申请量同比增长了 6%。</p>
</div><p>Ally's insurance business is performing quite well also, and it had its highest quarter of earned premiums since the IPO in the fourth quarter of 2024. On the retail side, Ally has $143 billion in consumer balances and a 95% customer retention rate.</p>
<div class="lb-trans"><p>Ally 的保险业务表现也相当不错，在 2024 年第四季度，其获得的保费达到了自 IPO 以来的最高季度水平。在零售方面，Ally 拥有 1430 亿美元的消费者余额和 95% 的客户保留率。</p>
</div><p>Recent results look strong. In the fourth quarter, Ally beat expectations on both the top and bottom lines. Its net interest margin ticked upward by one basis point sequentially, and investors seem to be cheering the disposal of the riskier credit card business.</p>
<div class="lb-trans"><p>最近的业绩表现强劲。在第四季度，Ally 在收入和净利润两方面均超出预期。其净利差环比上升了一个基点，投资者似乎对处置风险较高的信用卡业务表示欢呼。</p>
</div><p>However, it's important to note that the credit card business is a relatively small part of the company, and Ally expects profitability to <em>improve</em> in 2025. Here are two key points from Ally's 2025 guidance:</p>
<div class="lb-trans"><p>然而，重要的是要注意，信用卡业务在公司中占比较小，Ally 预计 2025 年的盈利能力将会_改善_。以下是 Ally 2025 年指引的两个关键点：</p>
</div><ul>
<li>The company is expecting a net interest margin (NIM) in the 3.4%-3.5% range, even <em>after</em> the sale of the high-interest credit card business. For context, Ally's NIM for the fourth quarter was 3.33%.</li>
<li>Ally expects an automotive net charge-off (NCO) rate of 2% to 2.25% in 2025, which would be a significant improvement over the 2.34% NCO rate in the fourth quarter.</li>
</ul>
<div class="lb-trans"><ul>
<li>公司预计净利差（NIM）将在 3.4%-3.5% 范围内，即使在出售高利息信用卡业务之后。作为参考，Ally 第四季度的 NIM 为 3.33%。</li>
<li>Ally 预计 2025 年的汽车净坏账率（NCO）为 2% 至 2.25%，这将显著改善第四季度的 2.34% 坏账率。</li>
</ul>
</div><h2>Big tailwinds for 2025 and beyond</h2>
<div class="lb-trans"><h2>2025 年及以后的重大顺风</h2>
</div><p>Looking ahead, Ally could be a major beneficiary as interest rates start to come down. Not only does Ally's deposit cost move lower as the Fed cuts rates, but lower interest rates are typically accompanied by higher demand for auto loans.</p>
<div class="lb-trans"><p>展望未来，随着利率开始下降，Ally 可能成为主要受益者。随着美联储降息，Ally 的存款成本降低，而较低的利率通常伴随着对汽车贷款的更高需求。</p>
</div><p>There are also potential tailwinds from the policies of the Trump administration. President Trump generally favors less regulation and actually issued an executive order freezing new regulations on day one of his presidency. Plus, Trump campaigned on a 15% corporate tax rate, and Ally could be a <em>big</em> beneficiary, as the bank expects a 22%-23% effective tax rate in 2025.</p>
<div class="lb-trans"><p>特朗普政府的政策也可能带来潜在的顺风。特朗普总统通常支持减少监管，并在其总统任期的第一天就发布了一项行政命令，冻结新的监管措施。此外，特朗普在竞选中承诺 15% 的企业税率，而 Ally 可能成为_重大_受益者，因为该银行预计 2025 年的有效税率为 22%-23%。</p>
</div><p>The bottom line is that Ally is making smart moves, and 2025 could bring an excellent environment for its business. With the stock trading for slightly less than its book value, now could be a great time to take a closer look.</p>
<div class="lb-trans"><p>底线是，Ally 正在采取明智的举措，2025 年可能为其业务带来良好的环境。由于股票交易价格略低于其账面价值，现在可能是仔细审视的好时机。</p>
</div>

2025 Could Be an Inflection Point for This Fintech Stock

- Ally Financial 在过去一年表现不佳，面临违约和需求担忧。  
- 公司计划专注于核心业务，并出售 23 亿美元信用卡组合。  
- 预计 2025 年将受益于利率下降和改善的盈利能力。

2025 年可能成为这只金融科技股票的转折点