Ally Financial Stock Surges on Share Buyback, Rate Cut Hints

Ally Financials stock surged by 4.4% after announcing a $2 billion share repurchase program, with the market reacting positively to the news. The companys shares are currently trading close to their 52-week high, and a $1,000 investment five years ago would now be worth $1,281, demonstrating consistent growth.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.