Allstate (NYSE: ALL ) , the giant insurer, has had a very mediocre 10 year-run as competition from upstarts like Progressive (NYSE: PGR ) and Geico have brought intense competition into the already competitive insurance space. With a newly minted buyback program approved, does Allstate look like an attractive stock going forward?
In this segment of The Motley Fool's financials-focused show, Where the Money Is, banking analysts Matt Koppenheffer and David Hanson discuss Allstate's past business performance and tell investors what they think of the stock going forward.
Allstate's business isn't the only one being disrupted.
Do you hate your bank? If you're like most Americans, chances are good that you answered yes to that question. While that's not great news for consumers, it certainly creates opportunity for savvy investors. That's because there's a brand-new company that's revolutionizing banking, and is poised to kill the hated traditional brick-and-mortar banking model. And amazingly, despite its rapid growth, this company is still flying under the radar of Wall Street. For the name and details on this company, click here to access our new special free report.