Finance
Ally Shares Fall as Outlook Disappoints Some Investors
Ally Financial Inc. shares fell after the lender left most of its forecast unchanged despite strong second-quarter consumer auto-loan originations and earnings.
The digital bank said its full-year net interest margin is still expected to fall between 3.4% and 3.5%, unchanged from its previous forecast, according to a company presentation Friday. A handful of Wall Street analysts said they’d hoped the firm would improve its guidance for NIM and other metrics.