Ally Financial Gains as Bank Reports Show Improving Auto Credit -- Market Talk
Dow Jones
Yesterday
1507 ET - Ally Financial rises after several banks' reports indicated improving auto credit trends, Truist analyst Brian Foran says. Auto delinquencies at Wells Fargo decreased by 74 basis points year over year, compared with a 59 basis-point decline last year. JPMorgan Chase's auto delinquencies are now down 6 basis points versus being flat last quarter. The implication for Ally isn't perfect because most of the improvement in auto credit at the two banks are prime, and the biggest market concerns are in subprime, Foran notes. But overall, the numbers are a positive read-through for the auto-finance company. Ally shares are up 5.9%, to $40.09, midday Tuesday. (katherine.hamilton@wsj.com)
(END) Dow Jones Newswires
October 14, 2025 15:07 ET (19:07 GMT)
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