<p>Ally Financial NYSE: ALLY 正在重新发现其根基，回归往日的状态正在奏效。</p>
<p>在削减之前对各种消费产品的扩张后，这家汽车贷款公司和数字银行报告了稳健的利润、改善的利润率、强劲的存款和较低的坏账。然而，这一转变也带来了自身的风险。</p>
<p>对二手车价值和消费者健康的高度依赖意味着，随着投资组合的收缩，周期性下滑可能会造成更大的伤害。</p>
<p>获取 <strong>Ally Financial</strong> 的提醒：</p>
<p>对于投资者来说，问题不在于 Ally 是否已经反弹，而在于这次复苏是否值得现在买入。</p>
<h2>Ally 的盈利复苏势头增强</h2>
<p>Ally 最新的数据显示了其复苏的深度。在去年第一季度报告了 2.53 亿美元的亏损后，Ally 在今年前三个月转亏为盈，盈利 2.91 亿美元。</p>
<p>调整后的每股收益为 1.11 美元，几乎是去年同期 0.58 美元的两倍，远超分析师预期。调整后的总净收入达到 22 亿美元，同比增长 6%，也好于预期。其净利差，即 Ally 在贷款上赚取的利息与支付给存款的利息之间的差额，改善至强劲的 3.52%。</p>
<p>在信贷方面，曾让投资者感到焦虑的一个来源，前景正在稳定。Ally 已注销的不可收回贷款占贷款和融资应收款的 1.2%，而零售汽车坏账为 1.97%。与一年前相比，这两个指标都有所改善，因为二手车价值趋于稳定，严格的信贷审核在数据中得以体现。尽管其信贷损失准备金上升至 4.67 亿美元，但这一增长主要是由于一年前的调整。</p>
<p>总体而言，拥有 1930 亿美元资产的数字银行在强劲的第四季度后继续展现出稳固的基础。Ally 在前三个月结束时拥有 1460 亿美元的零售存款，并新增 74,000 名净客户，使得同比客户增长约为 6%。</p>
<h2>Ally 正在回归其汽车贷款的根基</h2>
<p>当前的转变让人感觉似曾相识。投资者可能还记得 Ally 曾是 GMAC 银行，直到 2010 年更名为 Ally。现在，它再次重新定位，将大部分关注点回归到使其在 GMAC 成功的汽车贷款业务上。</p>
<p>该公司花费了一年多的时间进行内部整顿。2025 年 1 月，Ally 同意出售其信用卡业务，这是其退出非核心高风险领域计划的一部分。通过剥离 23 亿美元的投资组合，它消除了信贷波动并重新分配了资本。几个月后，Ally 还退出了抵押贷款发放业务。</p>
<p>今年，该公司采取措施清理其资产负债表。该公司在 5 月赎回了 13.5 亿美元的 B 系列优先股，并发行了 10 亿美元的新 D 系列优先股。尽管早期股份的利率较低，但它是在五年前发行的，可能会重新调整。通过锁定 7.1% 的新优先股，该公司能够减少优先股，同时保持健康的普通股一级资本比率，现为 10.1%。</p>
<h2>汽车金融业务仍然是核心增长驱动力</h2>
<p>这种精简的关注使公司运营两个核心业务：通过广泛的经销商网络提供汽车贷款的汽车金融业务，以及提供高收益率的数字银行。这些存款现在为公司资产负债表的约 88% 提供资金，这意味着更便宜的资金来支持其贷款。</p>
<p>尽管面临来自汽车制造商贷款机构和大型银行竞争对手的激烈竞争，Ally 的汽车业务仍然表现强劲。该公司产生了 115 亿美元的消费者汽车贷款，支持了大约 440 万份贷款申请。115 亿美元的消费者汽车贷款中包括 75 亿美元的二手零售量，占总贷款的 66%。</p>
<p>这一业务的净融资收入（不包括一些会计调整）为 16.07 亿美元，比去年增加了 1.14 亿美元。</p>
<h2>华尔街看到更多的上行空间</h2>
<p>Ally 的转变让华尔街分析师谨慎乐观。对该公司的共识评级为适度买入，分析师中有 14 个买入评级和仅 2 个持有评级。</p>
<p>12 个月的平均目标价为 54.14 美元。</p>
<p>对于一只未能跟上步伐的股票来说，这一上涨空间相当可观。自年初以来下跌约 6%，Ally 仍需说服投资者其转变是真实的。</p>
<p>它继续支付每股 30 美分的常规普通股股息，并在第四季度回购了 1.47 亿美元的股票。至于 2026 年的指引，该公司预计其许多指标将有稳健改善。</p>
<h2>经济风险仍可能 derail 复苏</h2>
<p>这种信心的表现是否足以扭转股票的走势还有待观察。</p>
<p>真正的风险依然存在。Ally 越来越依赖于二手车价值和消费者信用健康。如果经济放缓，失业率上升，逾期和坏账可能会再次上升。</p>
<p>竞争也是一个持续的逆风。Ally 面临着由主要汽车制造商支持的专属贷款机构。金融行业的大型银行，如摩根大通 NYSE: JPM 和富国银行 NYSE: WFC，将汽车贷款视为一种关系产品。在存款方面，Ally 的数字银行与 Capital One NYSE: COF 和其他在线平台竞争，这些平台通常与其利率持平或超过其利率。</p>
<p>尽管如此，过去几个季度的表现令人鼓舞。数字银行稳步增长，回报朝着正确的方向发展。</p>
<p>对于那些将二手车和信用视为美国梦一部分的投资者来说，Ally 提供了可观的股息、改善的基本面以及基于过去两年的估值，而不是未来两年的承诺。</p>
<h2>你现在应该投资 1,000 美元在 Ally Financial 吗？</h2>
<p>在考虑 Ally Financial 之前，你需要听听这个。</p>
<p>MarketBeat 每天跟踪华尔街顶级评级和表现最佳的研究分析师及其推荐给客户的股票。MarketBeat 已经识别出五只顶级分析师悄悄建议客户现在购买的股票，以便在更广泛的市场注意到之前……而 Ally Financial 并不在名单上。</p>
<p>虽然 Ally Financial 目前在分析师中获得了适度买入评级，但顶级分析师认为这五只股票更值得购买。</p>
<p>在这里查看这五只股票</p>

ALLY

金融指数 MSCI ETF - Fidelity

美国经纪商&证券交易所 ETF - iShares

金融业 ETF - SPDR

金融业 ETF - Vanguard

<p>Ally Financial 正在经历反弹，重新聚焦于汽车贷款，报告 2023 年第一季度利润为 2.91 亿美元，较去年同期的 2.53 亿美元亏损有所改善。该公司改善了利润率和存款，同时减少了坏账。分析师们持谨慎乐观态度，将该股票评级为适度买入，12 个月目标价为 54.14 美元。然而，由于对二手车价值和消费者健康的高度暴露，风险依然存在，这引发了对其复苏可持续性的担忧</p>

<p>Ally Financial NYSE: ALLY is rediscovering its roots, and the return to its former self is working.</p>
<div class="lb-trans"><p>Ally Financial NYSE: ALLY 正在重新发现其根基，回归往日的状态正在奏效。</p>
</div><p>Having pared back on a previous expansion into various consumer products, the auto lender and digital bank is reporting solid profits, improved margins, stronger deposits, and lower charge-offs. The turnaround, however, carries its own risks.</p>
<div class="lb-trans"><p>在削减之前对各种消费产品的扩张后，这家汽车贷款公司和数字银行报告了稳健的利润、改善的利润率、强劲的存款和较低的坏账。然而，这一转变也带来了自身的风险。</p>
</div><p>Heavy exposure to used-car values and the health of consumers in its narrowing portfolio means a cyclical slide could hurt even more.</p>
<div class="lb-trans"><p>对二手车价值和消费者健康的高度依赖意味着，随着投资组合的收缩，周期性下滑可能会造成更大的伤害。</p>
</div><p>Get <strong>Ally Financial</strong> alerts:</p>
<div class="lb-trans"><p>获取 <strong>Ally Financial</strong> 的提醒：</p>
</div><p>For investors, the question is not whether Ally has rebounded, but whether the recovery calls for buying in now.</p>
<div class="lb-trans"><p>对于投资者来说，问题不在于 Ally 是否已经反弹，而在于这次复苏是否值得现在买入。</p>
</div><h2>Ally’s Earnings Recovery Gains Momentum</h2>
<div class="lb-trans"><h2>Ally 的盈利复苏势头增强</h2>
</div><p>Ally’s latest figures show the depth of its comeback. After reporting a $253 million loss in last year’s first quarter, Ally swung to a $291 million profit in this year’s first three months.</p>
<div class="lb-trans"><p>Ally 最新的数据显示了其复苏的深度。在去年第一季度报告了 2.53 亿美元的亏损后，Ally 在今年前三个月转亏为盈，盈利 2.91 亿美元。</p>
</div><p>Adjusted earnings per share came in at $1.11, nearly double the 58 cents reported a year earlier and well above analyst expectations. Adjusted total net revenue reached $2.2 billion, up 6% year-over-year and also better than expected. Its net interest margin, or the spread between what Ally earns on loans and what it pays on deposits, improved to a strong 3.52%.</p>
<div class="lb-trans"><p>调整后的每股收益为 1.11 美元，几乎是去年同期 0.58 美元的两倍，远超分析师预期。调整后的总净收入达到 22 亿美元，同比增长 6%，也好于预期。其净利差，即 Ally 在贷款上赚取的利息与支付给存款的利息之间的差额，改善至强劲的 3.52%。</p>
</div><p>On the credit side, a source of previous investor anxiety, the outlook is stabilizing. The amount of loans Ally has written off as uncollectible was 1.2% of loans and finance receivables, while retail auto charge-offs were 1.97%. Both were improvements compared with a year ago, as used-car values steadied and tighter underwriting showed up in the numbers. Although its provision for credit losses did rise to $467 million, the increase was largely due to a year-ago adjustment.</p>
<div class="lb-trans"><p>在信贷方面，曾让投资者感到焦虑的一个来源，前景正在稳定。Ally 已注销的不可收回贷款占贷款和融资应收款的 1.2%，而零售汽车坏账为 1.97%。与一年前相比，这两个指标都有所改善，因为二手车价值趋于稳定，严格的信贷审核在数据中得以体现。尽管其信贷损失准备金上升至 4.67 亿美元，但这一增长主要是由于一年前的调整。</p>
</div><p>Overall, with $193 billion in assets, the digital bank showed a solid foundation continuing after a strong fourth quarter. Ally ended the first three months with $146 billion in retail deposits and added 74,000 net new customers, bringing year-over-year (YOY) customer growth to roughly 6%.</p>
<div class="lb-trans"><p>总体而言，拥有 1930 亿美元资产的数字银行在强劲的第四季度后继续展现出稳固的基础。Ally 在前三个月结束时拥有 1460 亿美元的零售存款，并新增 74,000 名净客户，使得同比客户增长约为 6%。</p>
</div><h2>Ally Is Returning to Its Auto Lending Roots</h2>
<div class="lb-trans"><h2>Ally 正在回归其汽车贷款的根基</h2>
</div><p>The current turnaround feels like déjà vu. Investors might remember Ally as the former GMAC Bank before becoming Ally in 2010. Now, it’s repositioning itself again to return much of its focus to the auto lending business that made it successful as GMAC in the first place.</p>
<div class="lb-trans"><p>当前的转变让人感觉似曾相识。投资者可能还记得 Ally 曾是 GMAC 银行，直到 2010 年更名为 Ally。现在，它再次重新定位，将大部分关注点回归到使其在 GMAC 成功的汽车贷款业务上。</p>
</div><p>The company has spent more than a year cleaning house. In January 2025, Ally agreed to sell its credit card business, part of its plan to exit non-core, higher-risk segments. By offloading the $2.3 billion portfolio, it removed credit volatility and reallocated capital. Several months later, Ally also left the mortgage origination business.</p>
<div class="lb-trans"><p>该公司花费了一年多的时间进行内部整顿。2025 年 1 月，Ally 同意出售其信用卡业务，这是其退出非核心高风险领域计划的一部分。通过剥离 23 亿美元的投资组合，它消除了信贷波动并重新分配了资本。几个月后，Ally 还退出了抵押贷款发放业务。</p>
</div><p>This year, the company took steps to clean its balance sheet. The company redeemed $1.35 billion in a Series B preferred shares and issued $1 billion in a new Series D in May. Although the rate paid on the earlier shares was lower, it was issued five years ago and was likely to reset. By locking in new preferred stock at 7.1%, the company was able to reduce its preferred shares while retaining a healthy common equity Tier 1 capital ratio, which stands at 10.1%.</p>
<div class="lb-trans"><p>今年，该公司采取措施清理其资产负债表。该公司在 5 月赎回了 13.5 亿美元的 B 系列优先股，并发行了 10 亿美元的新 D 系列优先股。尽管早期股份的利率较低，但它是在五年前发行的，可能会重新调整。通过锁定 7.1% 的新优先股，该公司能够减少优先股，同时保持健康的普通股一级资本比率，现为 10.1%。</p>
</div><h2>The Auto Finance Business Remains the Core Growth Driver</h2>
<div class="lb-trans"><h2>汽车金融业务仍然是核心增长驱动力</h2>
</div><p>This pared-down focus has the company operating two core franchises: an auto-finance business that funds car loans through a vast dealer network, and a digital bank that offers high-yield rates. Those deposits now fund about 88% of the company’s balance sheet, which means cheaper funding to support its loans.</p>
<div class="lb-trans"><p>这种精简的关注使公司运营两个核心业务：通过广泛的经销商网络提供汽车贷款的汽车金融业务，以及提供高收益率的数字银行。这些存款现在为公司资产负债表的约 88% 提供资金，这意味着更便宜的资金来支持其贷款。</p>
</div><p>Despite heavy competition from automaker lenders and large bank rivals, Ally’s auto business is still going strong. The company generated $11.5 billion in consumer auto originations, supported by roughly 4.4 million loan applications. Consumer auto originations of $11.5 billion included $7.5 billion of used retail volume, or 66% of total originations.</p>
<div class="lb-trans"><p>尽管面临来自汽车制造商贷款机构和大型银行竞争对手的激烈竞争，Ally 的汽车业务仍然表现强劲。该公司产生了 115 亿美元的消费者汽车贷款，支持了大约 440 万份贷款申请。115 亿美元的消费者汽车贷款中包括 75 亿美元的二手零售量，占总贷款的 66%。</p>
</div><p>The net financing revenue from this business, excluding some accounting adjustments, came in at $1.607 billion, up $114 million from a year earlier.</p>
<div class="lb-trans"><p>这一业务的净融资收入（不包括一些会计调整）为 16.07 亿美元，比去年增加了 1.14 亿美元。</p>
</div><h2>Wall Street Sees More Upside Ahead</h2>
<div class="lb-trans"><h2>华尔街看到更多的上行空间</h2>
</div><p>Ally’s turnaround has Wall Street analysts cautiously optimistic. The consensus rating on the company is Moderate Buy, with 14 Buy ratings and just two Holds among analysts.</p>
<div class="lb-trans"><p>Ally 的转变让华尔街分析师谨慎乐观。对该公司的共识评级为适度买入，分析师中有 14 个买入评级和仅 2 个持有评级。</p>
</div><p>The average 12-month price target sits at $54.14.</p>
<div class="lb-trans"><p>12 个月的平均目标价为 54.14 美元。</p>
</div><p>That’s a healthy upside for a stock that has not kept pace. Down about 6% since the start of the year, Ally still needs to convince investors its turnaround is real.</p>
<div class="lb-trans"><p>对于一只未能跟上步伐的股票来说，这一上涨空间相当可观。自年初以来下跌约 6%，Ally 仍需说服投资者其转变是真实的。</p>
</div><p>It has continued its regular common dividend of 30 cents per share, and it bought back $147 million in shares during the fourth quarter. As for 2026 guidance, the company expects solid improvements in many of its metrics.</p>
<div class="lb-trans"><p>它继续支付每股 30 美分的常规普通股股息，并在第四季度回购了 1.47 亿美元的股票。至于 2026 年的指引，该公司预计其许多指标将有稳健改善。</p>
</div><h2>Economic Risks Could Still Derail the Recovery</h2>
<div class="lb-trans"><h2>经济风险仍可能 derail 复苏</h2>
</div><p>Whether that show of confidence is enough to turn around the stock remains to be seen.</p>
<div class="lb-trans"><p>这种信心的表现是否足以扭转股票的走势还有待观察。</p>
</div><p>Real risks remain. Ally is increasingly dependent on used-car values and consumer credit health. If the economy softens and unemployment rises, delinquencies and charge-offs could climb back up.</p>
<div class="lb-trans"><p>真正的风险依然存在。Ally 越来越依赖于二手车价值和消费者信用健康。如果经济放缓，失业率上升，逾期和坏账可能会再次上升。</p>
</div><p>Competition is also a constant headwind. Ally faces captive lenders backed by major automakers. Large banks in the financial sector, like JPMorgan Chase NYSE: JPM and Wells Fargo NYSE: WFC, treat auto lending as a relationship product. And in deposits, Ally’s digital bank competes with Capital One NYSE: COF and other online platforms that often match or exceed its rates.</p>
<div class="lb-trans"><p>竞争也是一个持续的逆风。Ally 面临着由主要汽车制造商支持的专属贷款机构。金融行业的大型银行，如摩根大通 NYSE: JPM 和富国银行 NYSE: WFC，将汽车贷款视为一种关系产品。在存款方面，Ally 的数字银行与 Capital One NYSE: COF 和其他在线平台竞争，这些平台通常与其利率持平或超过其利率。</p>
</div><p>Still, the past couple of quarters are promising. The digital bank is growing steadily, and returns are moving in the right direction.</p>
<div class="lb-trans"><p>尽管如此，过去几个季度的表现令人鼓舞。数字银行稳步增长，回报朝着正确的方向发展。</p>
</div><p>For investors who see used cars and credit as part of the American dream, Ally offers a combination of a tangible dividend, improving fundamentals, and a valuation based on the last two years rather than the promise of the next two.</p>
<div class="lb-trans"><p>对于那些将二手车和信用视为美国梦一部分的投资者来说，Ally 提供了可观的股息、改善的基本面以及基于过去两年的估值，而不是未来两年的承诺。</p>
</div><h2>Should You Invest $1,000 in Ally Financial Right Now?</h2>
<div class="lb-trans"><h2>你现在应该投资 1,000 美元在 Ally Financial 吗？</h2>
</div><p>Before you consider Ally Financial, you'll want to hear this.</p>
<div class="lb-trans"><p>在考虑 Ally Financial 之前，你需要听听这个。</p>
</div><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ally Financial wasn't on the list.</p>
<div class="lb-trans"><p>MarketBeat 每天跟踪华尔街顶级评级和表现最佳的研究分析师及其推荐给客户的股票。MarketBeat 已经识别出五只顶级分析师悄悄建议客户现在购买的股票，以便在更广泛的市场注意到之前……而 Ally Financial 并不在名单上。</p>
</div><p>While Ally Financial currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p>
<div class="lb-trans"><p>虽然 Ally Financial 目前在分析师中获得了适度买入评级，但顶级分析师认为这五只股票更值得购买。</p>
</div><p>View The Five Stocks Here</p>
<div class="lb-trans"><p>在这里查看这五只股票</p>
</div>

Ally Financial 正在回归基础，投资者对此密切关注