$ALLY
Ally Financial Inc
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$41.41 ▲0.656%
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38.15 - 39.44
52 WEEK
37.05 - 55.28
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@lucullus #droscrew
yeah and UK been US best ally for 100yrs....its disgraceful
86 Replies 13 👍 14 🔥
@trademaster #TradeHouses
By Eileen Soreng and Praveen Menon
(Reuters) - Russia might look to its giant neighbour to replace Australian alumina supplies cut off by sanctions, but Chinese aluminium smelters need all the feedstock they can get and may be worried about secondary sanctions from the West, industry analysts say.
Australia on Sunday imposed an immediate ban on exports to Russia of alumina and aluminium ores, including bauxite, in response to Moscow's invasion of Ukraine.
The move squeezes Russian aluminium giant Rusal, the world's No.2 producer outside China. It gets about 19% of its alumina from Australia's Queensland Aluminium (QAL), in which it holds a 20% stake.
Graphic: Australia's ban on alumina exports to Russia tightens the raw materials screw on Rusal: https://fingfx.thomsonreuters.com/gfx/
While there is no concrete evidence that Russia is seeking Chinese alumina supplies, analysts say close ties, proximity and the size of the Chinese market make it a logical option.
China, the top global aluminium producer, is likely to step in and absorb Australian alumina exports that had previously headed to Russia and could then potentially on-sell supplies, said Wood Mackenzie senior manager Uday Patel.
"Chinese firms could buy alumina from QAL and then sell back to Rusal," Patel told Reuters.
"(China) could also sell some of its domestic production, but note that alumina demand in China is also increasing this year as Chinese smelters lift output after all the power constraint issues in 2021."
QAL and Anglo-Australian mining giant Rio Tinto (NYSE:RIO), which owns 80%, did not respond to requests for comment about what would happen to the alumina exports meant for Russia and if they were receiving requests from Chinese companies.
Rusal could not be reached for comment but said previously it was evaluating the effects of the Australian move.
ANZ analyst Soni Kumari agreed China's domestic demand would constrain what it can do for Russia.
"Russia could turn to China, but the country does not have enough export surplus given their requirement to feed domestic smelters," she said. "Further, Chinese exporters would be cautious too due to fear of secondary sanctions."
Washington has warned China against taking advantage of business opportunities created by sanctions and helping Moscow evade export controls or process its banned financial transactions.
Kazakhstan could step up to help offset Russian shortages, Kumari said, while other suppliers could include Brazil, Jamaica and Guinea.
'PARIAH STATE'
China has refused to condemn Russia's action in Ukraine or call it an invasion. Beijing has also opposed economic sanctions on Russia, which it says are unilateral and are not authorised by the U.N. Security Council.
"Russia is its key ally but at the same time China doesn't want the stigma of being seen as a pariah state for helping Russia," said Patel.
He said there was talk in the market of some tonnages of alumina booked to be shipped from China to Russia via eastern Russian ports.
Reuters could not independently verify any additional alumina shipments or planned shipments to Russia from China.
China exported 7,967 tonnes of alumina in the first two months of this year of which 698.6 tonnes went to Russia, according to Chinese customs data.
Last year, its alumina exports were at 119,891 tonnes, with 1,822 tonnes going to Russia.
The loss of Australian supplies is not the only issue for Rusal, which supplies about 6% of global aluminium.
Among Rusal's other major alumina suppliers, the Nikolaev refinery in Ukraine with a capacity of 1.75 million tonnes a year, is out of commission because of the conflict.
There are also supply chain issues at Rusal's 2 million tonnes a year Aughinish alumina refinery in Ireland, WoodMac said.
European nations and the United States have imposed heavy sanctions on Russia since Moscow sent troops into Ukraine on Feb 24 in what it calls a "special military operation".
The sanctions and ongoing conflict, along with supply constraints caused by the pandemic, have pressured commodities markets and triggered record price hikes. [MET/L]
Aluminium is a key metal due to its use across sectors from auto, aerospace, packaging, machinery and construction sectors to production of military equipment and ammunition.
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@NoobBot #Crypto4Noobs
Ally or suspect? The war in Ukraine as a stress test for the crypto industry https://cointelegraph.com/news/ally-or-suspect-the-war-in-ukraine-as-a-stress-test-for-the-crypto-industry
69 Replies 10 👍 9 🔥
@NoobBot #Crypto4Noobs
Ukraine finds unlikely ally in efforts to bar Russian access to crypto: the Central Bank of Russia https://cointelegraph.com/news/ukraine-finds-unlikely-ally-in-efforts-to-bar-russian-access-to-crypto-the-central-bank-of-russia
102 Replies 10 👍 13 🔥
@Gary19 #droscrew
their defense shields are second to none, s400-500 etc. thats why even an nato ally(turkey) wanted it. and they are ahead of usa when it comes to hypersonic missiles. which usa has no defense shield for as of yet
68 Replies 12 👍 10 🔥
@NoobBot #Crypto4Noobs
**@CNBC:** Banks like Capital One and Ally are eliminating overdraft fees (via @CNBCMakeIt) https://t.co/ocijGAFsQF https://twitter.com/CNBC/status/1466864323897217028
90 Replies 12 👍 9 🔥
@NoobBot #Crypto4Noobs
`Investors` **@CNBC:** J.D. Vance, an ally of tech investor Peter Thiel and a proponent of Trump-style populism, made almost $1 million in the runup to the launch of his U.S. Senate campaign in Ohio https://t.co/wEV1KerDms https://twitter.com/CNBC/status/1464325068503359489
130 Replies 13 👍 11 🔥
@allnim #nim
Music streaming providers are known for keeping details about their royalty models close to their chest. The only notable exception in recent months was tech giant Apple, which released a statement regarding its payout model back in June. According to this document, its average per-play rate is $0.01, which means that each stream is counted as one cent towards the payout for the publisher holding the rights to the material. Even though this is a comparatively low rate in the greater scheme of things, it still places Apple Music at the top of the payout ranking. As our chart based on data collected by Digital Music News, The Trichordist and Forbes shows, Apple's GAFAM competitor Amazon comes in second with roughly $0.005 per Stream, which equates to about 200 plays for earnings of $1 on the platform. The market leader Spotify ranks third with a per-play rate of roughly $0.0032 and an average of 312 plays needed to earn $1. While this rate can be seen only slightly below average in comparison, the Swedish music streaming service boasts almost triple the amount of paying subscribers as each of its direct competitors, calling into question the fairness of its business model. CEO Daniel Ek has routinely downplayed such criticism and cited artists' lack of engagement as a possible reason for low payouts. Instead of only releasing a new album every couple of years, Ek told music consultancy firm Music Ally in July of 2020 that "it is about putting the work in, about the storytelling around the album, and about keeping a continuous dialogue with your fans". This dialogue with fans of course is dependent on those fans wanting to support specific artists, a model that has been adopted by Chinese streaming service Tencent Music. While the streams themselves don't contribute much to the actual payout, the streaming platform has introduced micropayments such as tipping to further support artists. It not only makes most of its revenue via a commission on these one-off payments but also opens up another avenue for artists to earn money on streaming platforms. This model's not as easily adaptable as one might think though, with online tipping culture called "da shang" being commonplace in China, but relatively unusual in Western countries. While payout mechanics and models may still require improvement, music streaming has become the most important revenue source in the recorded music segment. In 2020, 62.1 percent of earnings came from streaming services, with physical records and downloads making up for 19.5 percent and 5.8 percent, respectively.
70 Replies 12 👍 14 🔥
@DarkPoolAlgo #Dark Pool Charts
Thursday, October 21, 2021 Futures Up/Down % Last Dow -101.00 0.28% 35,376 S&P 500 -10.25 0.24% 4,517 Nasdaq -22.50 0.15% 15,355 U.S. futures are down slightly overnight, as the S&P 500 index comes into the day with a 6-day win streak, as the earnings barrage continues today, with shares of TSLA and IBM slipping after quarterly results last night while media giant AT&T (T) rises early following its results. For the moment, China Evergrande debt contagion fears, inflation, Fed tapering, rising commodity prices are having no effect on global stock markets with the CBOE Volatility index (VIX) settling around its lowest levels in about 2-months. As for yesterday, the Dow Jones Industrial Average touched an all-time fresh intraday high while the S&P 500 flirted with its all-time intraday record highs (rising a 6th straight day) after strong earnings results and forecasts from healthcare companies and as banks advanced amid rising Treasury yields. The 10-Year Treasury yield spiked to 1.6730% early, a fresh five-month high sending the S&P 500 Bank Index higher for a fifth-straight day, for its fourth-straight record close. Technology underperformed as the Nasdaq Composite closed slightly lower as inflation fears crept into the market late day following comments from Federal Reserve President Quarles. In Asian markets overnight, The Nikkei Index fell -546 points (1.87%) to settle at 28,708, the Shanghai Index inched higher 7-points to 3,594 and the Hang Seng Index declined -118 points to 26,017. In Europe, the German DAX is down just a few points holding above 15,500, while the FTSE 100 slips -0.3% to just under 7,200. Market Closing Prices Yesterday The S&P 500 Index gained 16.56 points, or 0.37%, to 4,536.19 The Dow Jones Industrial Average rose 152.03 points, or 0.43%, to 35,609.34 The Nasdaq Composite dropped -7.41 points, or 0.05%, to 15,121.68 The Russell 2000 Index advanced 13.85 points, or 0.61% to 2,289.77 Events Calendar for Today 8:30 AM ET Weekly Jobless Claims…est. 300K 8:30 AM EST Continuing Claims…est. 2.55M 8:30 AM ET Philly Fed Index for October…est. 25.0 10:00 AM ET Existing Home Sales MoM for September…est. 6.09M 10:00 AM ET Leading Index MoM for September…est. +0.4% 10:30 AM ET Weekly EIA Natural Gas Inventory Data Earnings Calendar: Earnings Before the Open: AAL, ALK, ALLY, AMTB, AN, BANC, BHLB, BKU, BX, CROX, DHX, DHR, DOW, EEFT, EWBC, FAF, FCX, GATX, GPC, GTLS, HOMB, HRI, IIIN, IPG, IQV, KEY, LNN, MMC, POOL, SASR, SCHN, T, TPH, TRN, TSCO, UNP, VLO, WBS Earnings After the Close: ASB, NJRI, BOOM, CE, CMG, CSL, CSTR, FFBC, GBCI, INTC, MAT, NUE, OZK, PBCT, PINE, PSMT, SAM, SNAP, SIVB, TRST, USX, VICR, WAL, WHR, WRB, WSFS Other Key Events: The European Society of Gene and Cell Therapy (ESGCT) Congress 2021 is taking place virtually this year from October 19-22 Macro Up/Down Last Nymex -0.53 82.89 Brent -0.95 84.87 Gold 1.90 1,788.70 EUR/USD -0.0012 1.1639 JPY/USD -0.27 113.99 10-Year Note +0.013 1.645% Sector News Breakdown Consumer Tesla Inc. ($TSLA) 3Q adj EPS $1.86 vs est. $1.59 on revs $13.76B vs est. $13.63B, auto gr margin 30.5% vs 27.7% year ago, says expect op margin will continue to grow; qtly bitcoin-related impairment of $51Mm; continue to target first model Y production builds in Berlin and Austin before end of year; says challenges including semi shortages, port congestion, rolling blackouts impacting ability to keep factories running full speed; Las Vegas ($LVS) Q3 revs $857M below the $1.34B estimate; on a GAAP basis, qtrly total net revenues for SCL increased to $611 mln, compared to $167 mln in q3 of 2020; Q3 adj EPS loss (-$0.45) vs. est. loss (-$0.20) Unilever ($UL) rises on higher-than-expected Q3 sales growth; reports higher-than-expected underlying sales growth for Q3 beating analysts’ expectations; reiterates full-year profit margin forecast, defying some analysts’ fears of a cut; warns inflation is likely to accelerate next year Portillo’s ($PTLO)27M share IPO priced at $20.00 Energy Kinder Morgan ($KMI) Q3 adj EPS $0.22 vs. est. $0.24; Q3 revs $3.82B vs. est. $3.26B; backs FY21 adjusted EBITDA view $7.9B, expects to generate net income attributable to KMI of $1.7 billion and declare dividends of $1.08 per share, a 3% increase TechnipFMC ($FTI) shares fall -6%; 3Q adj EPS ($0.06) vs est. $0.02 on revs $1.58B vs est. $1.7B, qtrly total inbound orders were $1.37B, qtr-end backlog $7.0B; guides FY subsea revs $5.2-5.5B, sees FY surface tech revs $1.05-1.25B, sees FY CAPEX approx $250Mm HighPeak Energy ($HPK)2M share Secondary priced at $10.00 Helix Energy ($HLX) narrows FY21 revenue view to $600M-$645M from $600M-$670M; narrows FY21 adjusted EBITDA view to $85M-$100M from $75M-$100M and boosts FY free cash flow view to $80M-$120M from $45M-$90M; lowers cap-ex view Valero (VLO) Q3 adj EPS $1.22 vs. est. $0.92; Q3 revs $29.52B vs. est. $23.97B Financials Discover Financial ($DFS) Q3 EPS $3.54 vs. est. $3.53; Q3 revs $2.78B vs. est. $2.91B; Total loans ended the quarter at $89.5 billion, up 1% year-over-year, and up 2% sequentially. Credit card loans ended the quarter at $70.3 billion, up 1% year-over-year. Personal loans decreased $321 million, or 4%, and private student loans increased $168 million, or 2%, year-over-year. Banner Corp. ($BANR) 3Q EPS $1.44 vs est. $1.15 on revs $155.5Mm vs est. $122.6Mm Cohen & Steers ($CNS) 3Q adj EPS $1.06 vs est. $0.97 on revs $154.2Mm vs est. $148.3Mm Equifax ($EFX) 3Q adj EPS $1.85 vs est. $1.72 on revs $1.2B vs est. $1.18B; guides 4Q revs $1.23-1.25B vs est. $1.2B and adj EPS $1.72-1.82 vs est. $1.80; sees FY revs $4.9-4.92B vs est. $4.83B and adj EPS $7.52-7.62 vs est. $7.47 First Industrial Realty ($FR) 3Q FFO/share $0.51 vs est. $0.49; raises FY FFO/share guide by $0.02 at midpoint to $1.95 vs est. $1.94 OneMain Holdings ($OMF) 3Q adj EPS $2.37 vs est. $2.30; C&I managed receivables $19.1B, C&I net charge-off ratio 3.52%, repurchased 2.4Mm shares for $141Mm in qtr; proposes minimum qtrly div/share of $0.70; Sterling Bancorp. ($STL) 3Q adj EPS $0.52 vs est. $0.51; NII $213.8Mm vs est. $219.3Mm; proposes 3Q dividend of $0.07 SL Green Realty ($SLG) Q3 FFO $1.78 vs. est. $1.58; Q3 revs $142.7M vs. est. $160.97M; revising its earnings guidance ranges; said same-store cash NOI, including our share of same-store cash NOI from unconsolidated joint ventures, increased by 5.7% for Q3; narrows FY21 FFO view to $6.45-$6.65 from $6.30-$6.70 SLM Corp. ($SLM) 3Q core EPS $0.24 vs est. $0.20; private education loan originations +10% to $2.1B; declares 4Q dividend of $0.11/share vs $0.03/share in 3Q21; qtrly NII $358Mm vs est. $343.6Mm; qtrly education loan provisions for credit losses $138Mm; sees FY net charge-offs $195M to $205M, saw $215M to $225M Texas Capital ($TCBI) Q3 EPS $0.76 vs. est. $1.10; Q3 net interest income of $194.1M declines from $197.0M in Q2 and $207.6M YoY due to a decline in loan fees, partially offset by a decrease in average interest-bearing deposits; non-interest income also fell 30% from Q2 and 65% from Q3 2020, driven by Q2 sale of its mortgage servicing rights portfolio and other non-interest income. Triumph Bancorp ($TBK) Q3 EPS $0.94 vs est. $1.08; Q3 net charge-offs .08%; Q3 CET1 capital ratio 9.45%; Q3 tangible book value per share $19.73; net interest margin was 6.69%. Yield on loans and the average cost of our total deposits were 7.92% and 0.16%, respectively Umpqua Holdings Corporation ($UMPQ) Q3 EPS $0.49 vs. est. $0.44; Net income of $108.1 million, or $0.49 per common share; non-PPP loan balances increased $479.7 million or 2.3%; Deposit balances increased $754.8 million or 2.9%; provision for credit losses recapture of $18.9 million as modeled economic conditions improve Healthcare S. regulators on Wednesday signed off on extending COVID-19 boosters to Americans who got the Moderna (MRNA) or Johnson & Johnson ($JNJ) vaccine and said anyone eligible for an extra dose can get a brand different from the one they received initially. Tenet Healthcare ($THC) Q3 adj EPS $1.99 vs. est. $0.99; Q3 revs $4.89B vs. est. $4.81B; qtrly same-hospital net patient service revenue per adjusted admission up 6.2% versus q3 2020; sees 2021 adj EPS now $6.15-$6.38 (from prior $5.23-$5.73) and adj Ebitda $3.275B-$3.325B (from prior $3.15B-$3.25B) Regeneron ($REGN) and Sanofi ($SNY) said the FDA has approved Dupixent, or dupilumab, as an add-on maintenance treatment of patients aged 6 to 11 years with moderate-to-severe asthma characterized by an eosinophilic phenotype or with oral corticosteroid-dependent asthma Ventyx Biosciences ($VTYX)47M share IPO priced at $16.00 Investment adviser Darwin Global Management became the third shareholder of Acceleron Pharmaceuticals ($XLRN) to publicly oppose the company’s pending acquisition by Merck ($MRK). In a letter, Darwin said it believes Merck’s $11 billion offer price, or $180 per share, is too low. Acceleron is actually worth between $22 billion and $28 billion, according to the firm, or $353 to $451 per share Industrials & Materials CSX Corp. ($CSX) 3Q EPS $0.43 vs est. $0.39 on revs $3.29B vs est. $3.11B; 24% surge in revenue just outpaced a 23% increase in expenses. Activist investor Elliott Management Corp. has a big stake in Canadian National Railway Co. ($CNI), the WSJ reported citing people familiar with the matter said, adding to pressure on the railroad after its CEO resigned following a failed bid for rival Kansas City Southern. Covenant Logistics ($CVLG) 3Q adj EPS $1.02 vs est. $1.02 on revs $274.6Mm vs est. $259.9Mm Dow Inc. ($DOW) Q3 EPS $2.75 vs. est. $2.56; Q3 revs $14.84B vs. est. $14.25 Graco ($GGG) 3Q adj EPS $0.57 vs est. $0.63 on revs $486.7Mm vs est. $490.5Mm; says continue to target mid-high-teen organic sales growth on constant currency basis for FY21 vs est. +19% Kaiser Aluminum ($KALU) Q3 adj EPS $0.57 vs. est. $1.33; Q3 sales $751M misses the $773.2M est.; anticipates cost issues and supply chain disruptions will continue during quarter Landstar ($LSTR) Q3 EPS $2.58 vs. est. $2.49; Q3 revs $1.734B vs. est. $1.66B; Q3 truckload transportation revenue hauled via van equipment inQ3 was up 59% YoY to $918.1M; truckload transportation revenue hauled via unsided/platform equipment in Q3 was up 44% to $423.0M; sees Q4 EPS $2.55-$2.65 vs. est. $2.43 PPG Industries ($PPG) 3Q adj EPS $1.69 vs est. $1.58 on sales about $4.4B vs est. $4.24B; guides FY adj EPS $6.67-6.73 vs est. $7.03; says plan to execute share repurchases in 4Q and continue to evaluate potential bolt-on acquisitions; say increased supply disruptions negatively impacted sales and manufacturing costs Rush Enterprises ($RUSHA) Q3 EPS $1.20 vs. est. $0.96; Q3 revs $1.27B below est. $1.34B; said supply chain issues continue to impact new truck and aftermarket sales Valmont Industries ($VMI) 3Q adj EPS $2.57 vs est. $2.47 on revs $868.8Mm vs est. $862.3Mm; guides FY adj EPS $10.60-11.10 vs est. $10.78; sees FY22 sales +7-12% vs est. +6.2%, sees EPS +13-15% vs est. +13.5%
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Key Metrics
Market Cap
12.51 B
Beta
1.24
Avg. Volume
4.38 M
Shares Outstanding
323.05 M
Yield
2.81%
Public Float
0
Next Earnings Date
2022-07-19
Next Dividend Date
Company Information
Ally Financial Inc. is a leading digital financial-services company with $182.2 billionin assets as of December 31, 2020. As a customer-centric company with passionate customer service and innovative financial solutions, it's relentlessly focused on 'Doing it Right' and being a trusted financial-services provider to its consumer, commercial, and corporate customers. It's one of the largest full-service automotive-finance operations in the country and offers a wide range of financial services and insurance products to automotive dealerships and consumers. Its award-winning online bank (Ally Bank, Member FDIC and Equal Housing Lender) offers mortgage lending, personal lending, and a variety of deposit and other banking products, including savings, money-market, and checking accounts, certificates of deposit (CDs), and individual retirement accounts (IRAs). Additionally, it offer securities-brokerage and investment-advisory services through Ally Invest. Its robust corporate finance business offers capital for equity sponsors and middle-market companies.
CEO: Jeffrey Brown
Website: www.ally.com
HQ: 500 Woodward Ave Fl 10 Detroit, 48226-3423 Michigan
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