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Truist Securities analyst Brian Foran maintains Ally Financial (NYSE:ALLY) with a Buy and lowers the price target from $54 to $51.
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While overall U.S. loan delinquencies declined in Q2 2026, subprime loans remain at multiyear highs, revealing a K-shaped economic recovery where affluent consumers thrive while lower-income households struggle. Mortgage and auto loan delinquencies are rising, with particular pressure on subprime borrowers facing affordability challenges, inflation, and a weakening job market.
Berkshire Hathaway reduced its positions in three bank stocks during Q2 2026: Capital One (58% reduction), Bank of America ($1.7B sale), and Ally Financial (7% reduction). While the exact reasons are unclear, potential factors include concerns about consumer credit deterioration, interest rate risks, and profit-taking in a well-performing financial sector. Berkshire remains heavily invested in banks despite these sales.
Raymond James analyst Nicholas Holowko reinstates Ally Financial (NYSE:ALLY) with a Strong Buy and announces $55 price target.
Berkshire slashed its Capital One stake by 58%, among its largest cuts, despite the stock's top growth score.