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This online bank is a leader in its core business and trades cheaply.
Ally Financial (ALLY 1.35%) is a leading auto lender, but there's a lot more to the business. Its recent results show that the business is holding up significantly better than investors expected, and it could be a massive beneficiary of falling interest rates in the years ahead, as I discuss in this brief video.
*Stock prices used were the afternoon prices of April 23, 2024. The video was published on April 23, 2024.
Ally is an advertising partner of The Ascent, a Motley Fool company. Matt Frankel has positions in Ally Financial and General Motors. The Motley Fool recommends General Motors and recommends the following options: long January 2025 $25 calls on General Motors. The Motley Fool has a disclosure policy.
Matthew Frankel is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link, they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
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