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This innovative online bank just reported earnings, and the results show why I like the stock so much.
Ally Bank (ALLY 3.18%) is a leading auto lender that also operates an excellent online bank for consumers. In this video, longtime Fool.com contributor Matt Frankel, CFP®, gives a rundown of Ally's latest numbers and explains why he's been buying the stock in his own portfolio.
*Stock prices used were the morning prices of Oct. 18, 2024. The video was published on Oct. 20, 2024.
Ally is an advertising partner of The Ascent, a Motley Fool company. Matt Frankel has positions in Ally Financial. The Motley Fool has no position in any of the stocks mentioned. 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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*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.
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