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STT

State Street

$71.35

1.53 (2.19%)

16:16
10/04/16
10/04
16:16
10/04/16
16:16

State Street submits supplementary resolution plan to Federal Reserve, FDIC

State Street announced that it has filed its response to the deficiencies and shortcoming identified by the Federal Reserve and Federal Deposit Insurance Corporation, or FDIC, in April of this year relating to State Street's 2015 resolution plan. State Street, along with other banking institutions with $50B or more in total assets, annually prepares and files a resolution plan, commonly referred to as a "living will" with the Federal Reserve and the FDIC. In its response filed on October 1, State Street describes the actions it has taken to address the areas raised by the regulators and explains the progress it has made in response to the Federal Reserve and FDIC's guidance for its 2017 resolution plan.

  • 26

    Oct

STT State Street
$71.35

1.53 (2.19%)

03/28/16
KBWI
03/28/16
DOWNGRADE
Target $58
KBWI
Underperform
State Street downgraded to Underperform from Market Perform at Keefe Bruyette
Keefe Bruyette analyst Brian Kleinhanzl downgraded State Street to Underperform saying risks outweigh rewards following the recent rally in the shares. State Street is a "show-me" stock until management can execute on stated plans and drive returns higher, Kleinhanzl tells investors in a research note. He has a $58 price target for the shares.
03/28/16
03/28/16
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Ensco (ESV) downgraded to Negative and Underweight at Susquehanna and Barclays, respectively. Susquehanna sees the group being challenged over the next few years even if crude prices recover. Barclays added that it seems "unimpeded downside" in the shares after pushing out recovery assumptions by another year. 2. BB&T (BBT) downgraded to Underweight at Piper Jaffray by analyst Kevin Barker, who said margin and credit pressure will drive underperformance of the shares. He added that auto lenders will see higher credit losses and a material slowdown in loan growth. 3. Parker-Hannifin (PH) downgraded to Sell at Goldman with analyst Joe ritchie saying shares are pricing in a recovery he does not expect to materialize and valuation is stretched. The analyst sees limited balance sheet capacity and bottom quartile EBITDA/organic growth in 2016/2017. 4. State Street (STT) downgraded to Underperform at Keefe Bruyette by analyst Brian Kleinhanzi, who said State Street is a "show-me" stock until management can execute on stated plans and drive returns higher. 5. ExOne (XONE) downgraded to Underperform at Imperial Capital with analyst Saliq Khan saying the shares at current levels are not factoring in the "depressed" energy sector, currency devaluation and the potential for delayed capital equipment purchases. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/06/16
JEFF
09/06/16
NO CHANGE
Target $80
JEFF
Buy
State Street price target raised to $80 from $74 at Jefferies
Jefferies analyst Ken Usdin raised his price target for State Street to $80 saying the company remains well positioned to beat expectations. Beacon cost initiative progress and "record" Q2 asset servicing wins are not fully appreciated in the shares, Usdin tells investors in a research note. He keeps a Buy rating on State Street in a research note partially titled, "Call it a Comeback."
09/06/16
SDLR
09/06/16
DOWNGRADE
Target $73
SDLR
Hold
State Street downgraded to Hold from Buy at Sandler O'Neill
Sandler O'Neill analyst Jeffery Harte downgraded State Street to Hold citing relative valuation and raised its price target to $73.

TODAY'S FREE FLY STORIES

KBR

KBR

$14.05

-1.43 (-9.24%)

18:47
04/28/17
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KBR issues statement on SFO investigation »

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  • 28

    Apr

SMMT

Summit Therapeutics

$11.00

-0.4 (-3.51%)

18:32
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18:32
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Summit Therapeutics publishes results from CoDIFy trial online »

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TKPYY

Takeda Pharmaceutical Co. Ltd.

$24.83

0.85 (3.54%)

18:14
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18:14
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Takeda says FDA grants accelerated approval of ALUNBRIG »

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FNBC

First NBC Bank

$2.65

-0.2 (-7.02%)

18:07
04/28/17
04/28
18:07
04/28/17
18:07
Hot Stocks
FDIC named receiver of First NBC Bank »

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SGBK

Stonegate Bank

$45.90

-0.52 (-1.12%)

17:47
04/28/17
04/28
17:47
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17:47
Earnings
Stonegate Bank reports Q1 non-GAAP EPS 56c, consensus 57c »

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PROV

Provident Financial

$19.23

-0.03 (-0.16%)

17:45
04/28/17
04/28
17:45
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17:45
Hot Stocks
Provident Financial announces extension of stock repurchase plan »

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  • 28

    Apr

YGE

Yingli Green Energy

$2.66

-0.03 (-1.12%)

17:40
04/28/17
04/28
17:40
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17:40
Hot Stocks
Yingli Green Energy files extension for 2016 Form 20-F filing »

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EPC

Edgewell Personal Care

$71.49

-0.14 (-0.20%)

17:40
04/28/17
04/28
17:40
04/28/17
17:40
Hot Stocks
Breaking Hot Stocks news story on Edgewell Personal Care »

Gabelli raises stake in…

03/08/13
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  • 02

    May

ORC

Orchid Island Capital

$10.60

-0.33 (-3.02%)

17:35
04/28/17
04/28
17:35
04/28/17
17:35
Syndicate
Breaking Syndicate news story on Orchid Island Capital »

Orchid Island Capital…

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  • 28

    Apr

  • 13

    Jun

AEP

American Electric

$67.83

-0.27 (-0.40%)

17:35
04/28/17
04/28
17:35
04/28/17
17:35
Hot Stocks
AEP Generation Resources seeks bids for supply of coal »

AEP Generation Resources,…

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ORC

Orchid Island Capital

$10.60

-0.33 (-3.02%)

17:34
04/28/17
04/28
17:34
04/28/17
17:34
Syndicate
Breaking Syndicate news story on Orchid Island Capital »

Orchid Island Capital…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 28

    Apr

  • 13

    Jun

HBHC

Hancock Holding

$46.70

-0.5 (-1.06%)

, FNBC

First NBC Bank

$2.65

-0.2 (-7.02%)

17:34
04/28/17
04/28
17:34
04/28/17
17:34
Hot Stocks
Whitney to acquire branches, assets, liabilities of First NBC from FDIC »

Hancock Holding Company…

HBHC

Hancock Holding

$46.70

-0.5 (-1.06%)

FNBC

First NBC Bank

$2.65

-0.2 (-7.02%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 06

    Jun

TSLA

Tesla

$314.07

5.44 (1.76%)

17:31
04/28/17
04/28
17:31
04/28/17
17:31
Periodicals
Tesla aims to hire engineers from Mexico to work at CA plant, Reuters says »

Tesla is aiming to hire…

03/08/13
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03/08/13
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03/06/13
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  • 03

    May

  • 30

    May

LMT

Lockheed Martin

$269.45

-1.69 (-0.62%)

17:22
04/28/17
04/28
17:22
04/28/17
17:22
Hot Stocks
Lockheed Martin awarded $332.1M government contract »

Lockheed Martin, Orlando,…

03/08/13
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03/06/13
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  • 31

    May

BA

Boeing

$184.83

1.61 (0.88%)

17:21
04/28/17
04/28
17:21
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17:21
Hot Stocks
Boeing awarded $541M government contract modification »

The Boeing Co., Ridley…

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  • 31

    May

WBA

Walgreens Boots Alliance

$86.54

0.65 (0.76%)

, RAD

Rite Aid

$4.00

0.05 (1.27%)

17:20
04/28/17
04/28
17:20
04/28/17
17:20
Periodicals
Walgreens to push regulators over decision on Rite Aid deal, NY Post says »

Walgreens (WBA) will…

WBA

Walgreens Boots Alliance

$86.54

0.65 (0.76%)

RAD

Rite Aid

$4.00

0.05 (1.27%)

03/08/13
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GE

General Electric

$28.99

-0.09 (-0.31%)

17:20
04/28/17
04/28
17:20
04/28/17
17:20
Hot Stocks
General Electric awarded $670.7M government contract »

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  • 09

    May

  • 31

    May

  • 22

    Jun

SIX

Six Flags

$62.61

-0.26 (-0.41%)

17:19
04/28/17
04/28
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17:19
Hot Stocks
Six Flags in agreement to repurchase 5M shares from HP Partners »

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  • 03

    May

  • 17

    May

  • 18

    May

LMT

Lockheed Martin

$269.45

-1.69 (-0.62%)

17:18
04/28/17
04/28
17:18
04/28/17
17:18
Hot Stocks
Lockheed Martin awarded $1.38B government contract »

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  • 31

    May

SBBP

Strongbridge Biopharma

$4.50

0.05 (1.12%)

17:16
04/28/17
04/28
17:16
04/28/17
17:16
Syndicate
Breaking Syndicate news story on Strongbridge Biopharma »

Strongbridge Biopharma…

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  • 11

    May

CYH

Community Health

$8.61

0.18 (2.14%)

17:12
04/28/17
04/28
17:12
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17:12
Hot Stocks
Community Health completes divestiture of Anniston, Alabama hospital »

Community Health…

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  • 02

    May

  • 03

    May

  • 06

    Jun

MRUS

Merus

$22.20

-0.14 (-0.63%)

17:07
04/28/17
04/28
17:07
04/28/17
17:07
Earnings
Merus reports Q4 EPS (EUR1.91) vs. (EUR0.77) last year »

Reports Q4 revenue…

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  • 02

    Jun

  • 06

    Jun

AEZS

Aeterna Zentaris

$3.35

0.3 (9.84%)

17:01
04/28/17
04/28
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17:01
Hot Stocks
Aeterna Zentaris to announces top-line Zoptrex phase 3 results on Monday »

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  • 09

    May

ANY

Sphere 3D

$0.19

-0.006 (-3.13%)

17:00
04/28/17
04/28
17:00
04/28/17
17:00
Syndicate
Breaking Syndicate news story on Sphere 3D »

Sphere 3D files to sell…

03/08/13
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  • 11

    May

MRUS

Merus

$22.20

-0.14 (-0.63%)

16:56
04/28/17
04/28
16:56
04/28/17
16:56
Hot Stocks
Merus provides anticipated 2017 pipeline milestones »

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  • 02

    Jun

  • 06

    Jun

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