Ally Financial Inc (NYSE:ALLY) stock is enjoying a boost today, after BofA Global Research upgraded the financial services name to "buy" from "hold," with a price-target hike to $46 from $42.
Ally Financial has a higher dividend yield and faster dividend growth than JPMorgan. Ally is a leader in the automotive finance business and is expanding its consumer banking operations.
Berkshire Hathaway's portfolio includes 12 high-yield dividend stocks. Some of Buffett's stocks offer more attractive yields, valuations, and growth prospects than others.
Discover Financial Services DFS, +2.06% said Wednesday that it had accepted the resignation of Chief Executive Michael G. Rhodes, who is moving on to become CEO at Ally Financial Inc. ALLY, +1.61% Rhodes's resignation from Discover takes effect Monday, April 1, and he starts at Ally on April 29.
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