Top Wall Street people think Ally Financial, a big bank, will not do as well as before in this summer's earnings. This is because last summer, they did better than expected. But this summer, they might only do okay. So, they're predicting that the bank will earn 64 cents per share, which is less than the 96 cents they made last year. But, we will have to wait until July 17th to know for sure. Read from source...

The article, "Top Wall Street Forecasters Revamp Ally Financial Expectations Ahead Of Q2 Earnings" written by Avi Kapoor suggests that Ally Financial Inc., scheduled to release its Q2 financial results, has seen upgrades and changes in expectations by top Wall Street forecasters. The article outlines several upgrades and changes in expectations, such as JP Morgan analyst Richard Shane upgrading the stock from Underweight to Neutral, raising the price target from $39 to $45, Deutsche Bank analyst Meng Jiao maintaining a Buy rating, and Citigroup analyst Keith Horowitz initiating coverage on the stock with a Buy rating and a price target of $50.

However, there seem to be inconsistencies and biases in some of the analysts' ratings. For instance, Wells Fargo analyst Donald Fandetti maintained an Underweight rating and increased the price target from $29 to $33. The accuracy rate of this analyst is 69%, which is lower compared to other analysts.

The article also shows irrational arguments and emotional behavior, as seen in Jim Cramer's advice to sell Chinese EV stock. Cramer says if investors sell this Chinese EV stock now, 'some clown' will be 'real positive about it,' and advises them to wait until 'all that stuff happens.' This statement seems to be driven more by emotions and speculation rather than rational analysis.

In conclusion, while the article provides useful insights into Ally Financial's upgrades and changes in expectations, it also highlights inconsistencies, biases, irrational arguments, and emotional behavior that could impact investors' decision-making. Investors should be cautious and conduct their own due diligence before making investment decisions based on the information presented in this article.

neutral

DAN: Ally Financial Inc. is scheduled to release its financial results for the second quarter. Analysts expect the company to report quarterly earnings at 64 cents per share, down from 96 cents per share in the year-ago period. The sentiment of this article is neutral as it reports expectations without a clear bullish or bearish lean.

The article suggests that Ally Financial is scheduled to report its Q2 earnings before the opening bell on Wednesday, July 17. Analysts expect the company to report quarterly earnings at 64 cents per share, down from 96 cents per share in the year-ago period. However, Ally Financial expects to post revenue of $2.03 billion, compared to $2.08 billion a year earlier.

It is essential to monitor how Ally Financial's stock price has moved following the release of the earnings report. The article mentions that Ally Financial shares gained 1.6% to close at $44.46 on Tuesday.

Additionally, the article outlines that several analysts have recently rated the company, and it is crucial to keep track of any updates. For instance, JP Morgan analyst Richard Shane upgraded the stock from Underweight to Neutral and raised the price target from $39 to $45 on July 8. Deutsche Bank analyst Meng Jiao maintained a Buy rating and cut the price target from $51 to $50 on July 1. Citigroup analyst Keith Horowitz initiated coverage on the stock with a Buy rating and a price target of $50 on June 24. BMO Capital analyst James Fotheringham maintained a Market Perform rating and raised the price target from $36 to $37 on April 19. Wells Fargo analyst Donald Fandetti maintained an Underweight rating and increased the price target from $29 to $33 on April 10.

In conclusion, investors should keep a close eye on Ally Financial's Q2 earnings and any updates from analysts regarding the company's ratings and price targets.