<p>Ally Financial NYSE: ALLY 正在重新發現其根基，迴歸往日的狀態正在奏效。</p>
<p>在削減之前對各種消費產品的擴張後，這家汽車貸款公司和數字銀行報告了穩健的利潤、改善的利潤率、強勁的存款和較低的壞賬。然而，這一轉變也帶來了自身的風險。</p>
<p>對二手車價值和消費者健康的高度依賴意味着，隨着投資組合的收縮，週期性下滑可能會造成更大的傷害。</p>
<p>獲取 <strong>Ally Financial</strong> 的提醒：</p>
<p>對於投資者來説，問題不在於 Ally 是否已經反彈，而在於這次復甦是否值得現在買入。</p>
<h2>Ally 的盈利復甦勢頭增強</h2>
<p>Ally 最新的數據顯示了其復甦的深度。在去年第一季度報告了 2.53 億美元的虧損後，Ally 在今年前三個月轉虧為盈，盈利 2.91 億美元。</p>
<p>調整後的每股收益為 1.11 美元，幾乎是去年同期 0.58 美元的兩倍，遠超分析師預期。調整後的總淨收入達到 22 億美元，同比增長 6%，也好於預期。其淨利差，即 Ally 在貸款上賺取的利息與支付給存款的利息之間的差額，改善至強勁的 3.52%。</p>
<p>在信貸方面，曾讓投資者感到焦慮的一個來源，前景正在穩定。Ally 已註銷的不可收回貸款佔貸款和融資應收款的 1.2%，而零售汽車壞賬為 1.97%。與一年前相比，這兩個指標都有所改善，因為二手車價值趨於穩定，嚴格的信貸審核在數據中得以體現。儘管其信貸損失準備金上升至 4.67 億美元，但這一增長主要是由於一年前的調整。</p>
<p>總體而言，擁有 1930 億美元資產的數字銀行在強勁的第四季度後繼續展現出穩固的基礎。Ally 在前三個月結束時擁有 1460 億美元的零售存款，並新增 74,000 名淨客户，使得同比客户增長約為 6%。</p>
<h2>Ally 正在迴歸其汽車貸款的根基</h2>
<p>當前的轉變讓人感覺似曾相識。投資者可能還記得 Ally 曾是 GMAC 銀行，直到 2010 年更名為 Ally。現在，它再次重新定位，將大部分關注點回歸到使其在 GMAC 成功的汽車貸款業務上。</p>
<p>該公司花費了一年多的時間進行內部整頓。2025 年 1 月，Ally 同意出售其信用卡業務，這是其退出非核心高風險領域計劃的一部分。通過剝離 23 億美元的投資組合，它消除了信貸波動並重新分配了資本。幾個月後，Ally 還退出了抵押貸款發放業務。</p>
<p>今年，該公司採取措施清理其資產負債表。該公司在 5 月贖回了 13.5 億美元的 B 系列優先股，併發行了 10 億美元的新 D 系列優先股。儘管早期股份的利率較低，但它是在五年前發行的，可能會重新調整。通過鎖定 7.1% 的新優先股，該公司能夠減少優先股，同時保持健康的普通股一級資本比率，現為 10.1%。</p>
<h2>汽車金融業務仍然是核心增長驅動力</h2>
<p>這種精簡的關注使公司運營兩個核心業務：通過廣泛的經銷商網絡提供汽車貸款的汽車金融業務，以及提供高收益率的數字銀行。這些存款現在為公司資產負債表的約 88% 提供資金，這意味着更便宜的資金來支持其貸款。</p>
<p>儘管面臨來自汽車製造商貸款機構和大型銀行競爭對手的激烈競爭，Ally 的汽車業務仍然表現強勁。該公司產生了 115 億美元的消費者汽車貸款，支持了大約 440 萬份貸款申請。115 億美元的消費者汽車貸款中包括 75 億美元的二手零售量，佔總貸款的 66%。</p>
<p>這一業務的淨融資收入（不包括一些會計調整）為 16.07 億美元，比去年增加了 1.14 億美元。</p>
<h2>華爾街看到更多的上行空間</h2>
<p>Ally 的轉變讓華爾街分析師謹慎樂觀。對該公司的共識評級為適度買入，分析師中有 14 個買入評級和僅 2 個持有評級。</p>
<p>12 個月的平均目標價為 54.14 美元。</p>
<p>對於一隻未能跟上步伐的股票來説，這一上漲空間相當可觀。自年初以來下跌約 6%，Ally 仍需説服投資者其轉變是真實的。</p>
<p>它繼續支付每股 30 美分的常規普通股股息，並在第四季度回購了 1.47 億美元的股票。至於 2026 年的指引，該公司預計其許多指標將有穩健改善。</p>
<h2>經濟風險仍可能 derail 復甦</h2>
<p>這種信心的表現是否足以扭轉股票的走勢還有待觀察。</p>
<p>真正的風險依然存在。Ally 越來越依賴於二手車價值和消費者信用健康。如果經濟放緩，失業率上升，逾期和壞賬可能會再次上升。</p>
<p>競爭也是一個持續的逆風。Ally 面臨着由主要汽車製造商支持的專屬貸款機構。金融行業的大型銀行，如摩根大通 NYSE: JPM 和富國銀行 NYSE: WFC，將汽車貸款視為一種關係產品。在存款方面，Ally 的數字銀行與 Capital One NYSE: COF 和其他在線平台競爭，這些平台通常與其利率持平或超過其利率。</p>
<p>儘管如此，過去幾個季度的表現令人鼓舞。數字銀行穩步增長，回報朝着正確的方向發展。</p>
<p>對於那些將二手車和信用視為美國夢一部分的投資者來説，Ally 提供了可觀的股息、改善的基本面以及基於過去兩年的估值，而不是未來兩年的承諾。</p>
<h2>你現在應該投資 1,000 美元在 Ally Financial 嗎？</h2>
<p>在考慮 Ally Financial 之前，你需要聽聽這個。</p>
<p>MarketBeat 每天跟蹤華爾街頂級評級和表現最佳的研究分析師及其推薦給客户的股票。MarketBeat 已經識別出五隻頂級分析師悄悄建議客户現在購買的股票，以便在更廣泛的市場注意到之前……而 Ally Financial 並不在名單上。</p>
<p>雖然 Ally Financial 目前在分析師中獲得了適度買入評級，但頂級分析師認為這五隻股票更值得購買。</p>
<p>在這裏查看這五隻股票</p>

ALLY

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美國經紀商&證券交易所 ETF - iShares

金融業 ETF - SPDR

金融業 ETF - Vanguard

<p>Ally Financial 正在經歷反彈，重新聚焦於汽車貸款，報告 2023 年第一季度利潤為 2.91 億美元，較去年同期的 2.53 億美元虧損有所改善。該公司改善了利潤率和存款，同時減少了壞賬。分析師們持謹慎樂觀態度，將該股票評級為適度買入，12 個月目標價為 54.14 美元。然而，由於對二手車價值和消費者健康的高度暴露，風險依然存在，這引發了對其復甦可持續性的擔憂</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 正在重新發現其根基，迴歸往日的狀態正在奏效。</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>在削減之前對各種消費產品的擴張後，這家汽車貸款公司和數字銀行報告了穩健的利潤、改善的利潤率、強勁的存款和較低的壞賬。然而，這一轉變也帶來了自身的風險。</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>對二手車價值和消費者健康的高度依賴意味着，隨着投資組合的收縮，週期性下滑可能會造成更大的傷害。</p>
</div><p>Get <strong>Ally Financial</strong> alerts:</p>
<div class="lb-trans"><p>獲取 <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>對於投資者來説，問題不在於 Ally 是否已經反彈，而在於這次復甦是否值得現在買入。</p>
</div><h2>Ally’s Earnings Recovery Gains Momentum</h2>
<div class="lb-trans"><h2>Ally 的盈利復甦勢頭增強</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 最新的數據顯示了其復甦的深度。在去年第一季度報告了 2.53 億美元的虧損後，Ally 在今年前三個月轉虧為盈，盈利 2.91 億美元。</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>調整後的每股收益為 1.11 美元，幾乎是去年同期 0.58 美元的兩倍，遠超分析師預期。調整後的總淨收入達到 22 億美元，同比增長 6%，也好於預期。其淨利差，即 Ally 在貸款上賺取的利息與支付給存款的利息之間的差額，改善至強勁的 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>在信貸方面，曾讓投資者感到焦慮的一個來源，前景正在穩定。Ally 已註銷的不可收回貸款佔貸款和融資應收款的 1.2%，而零售汽車壞賬為 1.97%。與一年前相比，這兩個指標都有所改善，因為二手車價值趨於穩定，嚴格的信貸審核在數據中得以體現。儘管其信貸損失準備金上升至 4.67 億美元，但這一增長主要是由於一年前的調整。</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>總體而言，擁有 1930 億美元資產的數字銀行在強勁的第四季度後繼續展現出穩固的基礎。Ally 在前三個月結束時擁有 1460 億美元的零售存款，並新增 74,000 名淨客户，使得同比客户增長約為 6%。</p>
</div><h2>Ally Is Returning to Its Auto Lending Roots</h2>
<div class="lb-trans"><h2>Ally 正在迴歸其汽車貸款的根基</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>當前的轉變讓人感覺似曾相識。投資者可能還記得 Ally 曾是 GMAC 銀行，直到 2010 年更名為 Ally。現在，它再次重新定位，將大部分關注點回歸到使其在 GMAC 成功的汽車貸款業務上。</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>該公司花費了一年多的時間進行內部整頓。2025 年 1 月，Ally 同意出售其信用卡業務，這是其退出非核心高風險領域計劃的一部分。通過剝離 23 億美元的投資組合，它消除了信貸波動並重新分配了資本。幾個月後，Ally 還退出了抵押貸款發放業務。</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，該公司採取措施清理其資產負債表。該公司在 5 月贖回了 13.5 億美元的 B 系列優先股，併發行了 10 億美元的新 D 系列優先股。儘管早期股份的利率較低，但它是在五年前發行的，可能會重新調整。通過鎖定 7.1% 的新優先股，該公司能夠減少優先股，同時保持健康的普通股一級資本比率，現為 10.1%。</p>
</div><h2>The Auto Finance Business Remains the Core Growth Driver</h2>
<div class="lb-trans"><h2>汽車金融業務仍然是核心增長驅動力</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>這種精簡的關注使公司運營兩個核心業務：通過廣泛的經銷商網絡提供汽車貸款的汽車金融業務，以及提供高收益率的數字銀行。這些存款現在為公司資產負債表的約 88% 提供資金，這意味着更便宜的資金來支持其貸款。</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>儘管面臨來自汽車製造商貸款機構和大型銀行競爭對手的激烈競爭，Ally 的汽車業務仍然表現強勁。該公司產生了 115 億美元的消費者汽車貸款，支持了大約 440 萬份貸款申請。115 億美元的消費者汽車貸款中包括 75 億美元的二手零售量，佔總貸款的 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>這一業務的淨融資收入（不包括一些會計調整）為 16.07 億美元，比去年增加了 1.14 億美元。</p>
</div><h2>Wall Street Sees More Upside Ahead</h2>
<div class="lb-trans"><h2>華爾街看到更多的上行空間</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 的轉變讓華爾街分析師謹慎樂觀。對該公司的共識評級為適度買入，分析師中有 14 個買入評級和僅 2 個持有評級。</p>
</div><p>The average 12-month price target sits at $54.14.</p>
<div class="lb-trans"><p>12 個月的平均目標價為 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>對於一隻未能跟上步伐的股票來説，這一上漲空間相當可觀。自年初以來下跌約 6%，Ally 仍需説服投資者其轉變是真實的。</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>它繼續支付每股 30 美分的常規普通股股息，並在第四季度回購了 1.47 億美元的股票。至於 2026 年的指引，該公司預計其許多指標將有穩健改善。</p>
</div><h2>Economic Risks Could Still Derail the Recovery</h2>
<div class="lb-trans"><h2>經濟風險仍可能 derail 復甦</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>這種信心的表現是否足以扭轉股票的走勢還有待觀察。</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>真正的風險依然存在。Ally 越來越依賴於二手車價值和消費者信用健康。如果經濟放緩，失業率上升，逾期和壞賬可能會再次上升。</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>競爭也是一個持續的逆風。Ally 面臨着由主要汽車製造商支持的專屬貸款機構。金融行業的大型銀行，如摩根大通 NYSE: JPM 和富國銀行 NYSE: WFC，將汽車貸款視為一種關係產品。在存款方面，Ally 的數字銀行與 Capital One NYSE: COF 和其他在線平台競爭，這些平台通常與其利率持平或超過其利率。</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>儘管如此，過去幾個季度的表現令人鼓舞。數字銀行穩步增長，回報朝着正確的方向發展。</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>對於那些將二手車和信用視為美國夢一部分的投資者來説，Ally 提供了可觀的股息、改善的基本面以及基於過去兩年的估值，而不是未來兩年的承諾。</p>
</div><h2>Should You Invest $1,000 in Ally Financial Right Now?</h2>
<div class="lb-trans"><h2>你現在應該投資 1,000 美元在 Ally Financial 嗎？</h2>
</div><p>Before you consider Ally Financial, you'll want to hear this.</p>
<div class="lb-trans"><p>在考慮 Ally Financial 之前，你需要聽聽這個。</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 每天跟蹤華爾街頂級評級和表現最佳的研究分析師及其推薦給客户的股票。MarketBeat 已經識別出五隻頂級分析師悄悄建議客户現在購買的股票，以便在更廣泛的市場注意到之前……而 Ally Financial 並不在名單上。</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>雖然 Ally Financial 目前在分析師中獲得了適度買入評級，但頂級分析師認為這五隻股票更值得購買。</p>
</div><p>View The Five Stocks Here</p>
<div class="lb-trans"><p>在這裏查看這五隻股票</p>
</div>

Ally Financial 正在迴歸基礎，投資者對此密切關注