BUZZ-Ally rises on $2 bln share repurchase program ** Shares of auto lender Ally Financial ALLY.N rise nearly 3% to about $43.6 premarket
** ALLY to repurchase up to $2.0 bln of its common stock under a multi-year share repurchase program without a set expiration date
** Co says it may begin repurchasing shares under the program this quarter
** Thirteen of 19 brokerages rate the stock "buy" or higher and six "hold"; their median PT is $46; according to data compiled by LSEG
** As of last close, shares were up 17.6% YTD
(Reporting by Megavarshini G. Somasundaram in Bengaluru)
((Megavarshini.SomasundaramGnanasundari@thomsonreuters.com))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments