Citi Adds Ally Financial to Focus List for Long-Term Growth

Citi has added Ally Financial to its Focus List for Long-Term Growth, a designation that highlights companies with strong potential for sustained growth.

This recognition is a testament to Ally's solid financial position, with a strong balance sheet and a proven track record of innovation.

Citi's Focus List is designed to identify companies that are well-positioned for long-term success, and Ally's inclusion suggests that the bank is confident in its ability to drive growth and profitability.

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Ally stock is dirt cheap, with solid financials and low overhead, making it an attractive option for investors.

Rising interest rates, expected to rise another 200 basis points this year, should help banks in general, including Ally.

Ally has carved out a great niche in the auto lending business, which has a lot of pent-up demand, and should drive revenue over the next couple of years.

The company's dividend is a good one, with a 3.1% yield and a minuscule 11% payout ratio, which is easily sustainable and points to the potential for increased dividends in the future.

Citigroup's turnaround will take time, with a lot of moving parts, making it a less attractive option for investors right now.

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