Ally Financial CFO comments on credit challenges, stock sinks #NewsUnitedStates

Ally Financial (ALLY) stock sinks after CFO Russ Hutchinson pointed to credit conditions that have “intensified” for borrowers when speaking at the 22nd Annual Barclays Global Financial Services Conference on Tuesday.

Market Domination anchors Julie Hyman and Josh Lipton break down Hutchinson’s comments and what they spell out about the broader banking industry.

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This post was written by Luke Carberry Mogan.