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LYG

Lloyds Banking

$2.83

-0.01 (-0.35%)

, BAC

Bank of America

$16.16

0.05 (0.31%)

13:21
10/06/16
10/06
13:21
10/06/16
13:21

Lloyds weighs taking Bank of America's PPI hit in MBNA bid, Bloomberg reports

Lloyds Banking Group (LYG) is weighing taking on Bank of America's (BAC) liabilities in the U.K. payment protection-insurance scandal as it seeks to beat private-equity firms in the bidding for the MBNA credit-card business, Bloomberg reports, citing people with knowledge of the matter. The U.K.'s biggest mortgage lender is vying with firms such as Cerberus Capital and Advent International for Bank of America's MBNA card operations in the U.K., which has roughly $8.5B of assets, the report says. Barclays (BCS) is no longer interested in the MBNA assets due to antitrust worries, the report says. While Lloyds is trying to negotiate protection from BofA against future PPI redress, the U.S. lender has told suitors that it wants a clean break from the scandal and won't indemnify them against possible future charges, the report notes. Reference Link

LYG

Lloyds Banking

$2.83

-0.01 (-0.35%)

BAC

Bank of America

$16.16

0.05 (0.31%)

BCS

Barclays

$8.85

0.045 (0.51%)

  • 23

    Oct

LYG Lloyds Banking
$2.83

-0.01 (-0.35%)

09/26/16
GSCO
09/26/16
DOWNGRADE
GSCO
Sell
Lloyds Banking downgraded to Sell from Neutral at Goldman
07/26/16
BREN
07/26/16
UPGRADE
BREN
Hold
Lloyds Banking upgraded to Hold from Sell at Berenberg
09/26/16
GSCO
09/26/16
DOWNGRADE
GSCO
Sell
Lloyds Banking downgraded to Sell from Neutral at Goldman
Goldman Sachs downgraded Lloyds Banking to Sell saying the current valuation does not price in future margin headwinds.
09/05/16
DBAB
09/05/16
DOWNGRADE
DBAB
Hold
Lloyds Banking downgraded to Hold from Buy at Deutsche Bank
Deutsche Bank analyst David Lock downgraded Lloyds Banking Group to Hold saying the "lower-for-longer" interest rate environment following the Brexit vote is a negative for the sector. Lock also downgraded RBS (RBS) this morning to Sell.
BAC Bank of America
$16.16

0.05 (0.31%)

09/16/16
GSCO
09/16/16
NO CHANGE
Target $19
GSCO
Conviction Sell
Bank of America operating leverage hitting an inflection, says Goldman
Goldman analyst Richard Ramsden believes Bank of America is hitting an inflection point in operating leverage driven by low single digit growth, stable credit, and absolute reductions in the expense base. The analyst believes topline growth will reach approximately 4% annually through to 2018, driven by consumer bank and wealth management initiatives. Ramsden reiterates his Conviction Buy rating on Bank of American and raised his price target to $19 from $17 given the combination of revenue growth and expense discipline.
09/13/16
SOCG
09/13/16
DOWNGRADE
SOCG
Hold
Bank of America downgraded to Hold from Buy at Societe Generale
08/25/16
GSCO
08/25/16
NO CHANGE
Target $17
GSCO
Buy
Bank of America at an inflection point, says Goldman
Goldman analyst Richard Ramsden believes Bank of America's operating leverage is at an inflection point as revenue growth and cost reductions from back office rationalization take effect. Ramsden met with CEO Moynihan and said he believes the company can grow core loans, without compromising credit quality, at mid-single digit rates, and expects the fee-based businesses to benefit from growth in checking accounts, mortgage activity, and market share gains. Ramsden believes Bank of America can achieve 10% ROTCE and views valuation as compelling. He rates shares a Buy with a $17 price target.
09/13/16
SOCG
09/13/16
DOWNGRADE
Target $42
SOCG
Sell
Societe Generale cuts Citi to Sell, Bank of America to Hold
Societe Generale downgraded Citi (C) to Sell from Hold and Bank of America (BAC) to Hold from Buy. The firm has a $42 price target for shares of Citi and attributes an increased negative stance on Cards for the downgrade. Societe Generale has a $17 price target for Bank of America and cites revenue growth for the downgrade to Hold. Citi is trading down 86c to $46.93 and Bank of America is trading down 19c to $15.71.
BCS Barclays
$8.85

0.045 (0.51%)

09/21/16
09/21/16
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Monsanto (MON) upgraded to Overweight from Neutral at JPMorgan with analyst Jeffrey Zekauskas saying the risk in the shares is "less than what the market assumes." 2. Barclays (BCS) upgraded to Buy from Hold at HSBC citing the pending disposal of non-core businesses and resulting value creation. 3. Etsy (ETSY) upgraded to Buy from Neutral at Monness Crespi with the firm's analyst believing that Etsy shares can still move higher and sees a solid opportunity for upward revisions from improving conversion rates due to enhanced search and mobile functionality, expanding take rates, and advanced cross-boarder commerce capabilities with vendors. 4. Clovis (CLVS) upgraded to Outperform from Neutral at Credit Suisse with analyst Kennen MacKay saying the potential for a takeover "outweighs concerns surrounding patent life, limited experience in platinum resistant/refractory patients, and PARPi competition." 5. Jabil Circuit (JBL) upgraded to Buy from Neutral at UBS with analyst Steven Milunovich saying the company's cash flow is nearing an inflection amid an upturn in its Apple (AAPL) business. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/21/16
HSBC
09/21/16
UPGRADE
HSBC
Buy
Barclays upgraded to Buy from Hold at HSBC
HSBC upgraded Barclays to Buy to reflect the pending disposal of non-core businesses and resulting value creation.
07/20/16
UBSW
07/20/16
DOWNGRADE
UBSW
Neutral
Barclays downgraded to Neutral from Buy at UBS
08/08/16
EXAN
08/08/16
UPGRADE
EXAN
Outperform
Barclays upgraded to Outperform from Neutral at Exane BNP Paribas
Exane BNP Paribas analyst Tom Rayner upgraded Barclays to Outperform with a GBP 205 price target citing valuation.

TODAY'S FREE FLY STORIES

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HPP

Hudson Pacific

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CMCSA

Comcast

$37.53

-0.36 (-0.95%)

, CMCSK

Comcast

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Comcast

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Goldman Sachs

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AMTD

TD Ameritrade

$43.66

0.25 (0.58%)

, P

Pandora

09:41
02/28/17
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Options
Unusually active option classes on open February 28th »

Unusual total active…

AMTD

TD Ameritrade

$43.66

0.25 (0.58%)

P

Pandora

HTZ

Hertz

NEM

Newmont Mining

VRX

Valeant

WMT

Wal-Mart

X

U.S. Steel

T

AT&T

CRM

Salesforce

GLD

SPDR Gold Trust

03/08/13
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03/08/13
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SIG

Signet Jewelers

09:39
02/28/17
02/28
09:39
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09:39
Technical Analysis
Signet Jewelers drops to new 52-week low in early trading »

The stock is down over…

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  • 09

    Mar

MTU

Mitsubishi UFJ

09:38
02/28/17
02/28
09:38
02/28/17
09:38
Upgrade
Mitsubishi UFJ rating change  »

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03/08/13
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CZR

Caesars

$9.45

0.3 (3.28%)

, LVS

Las Vegas Sands

09:38
02/28/17
02/28
09:38
02/28/17
09:38
Hot Stocks
Nevada reports January Statewide gaming win up 12.02% to $1.04B »

Reports December Las…

CZR

Caesars

$9.45

0.3 (3.28%)

LVS

Las Vegas Sands

WYNN

Wynn Resorts

$95.51

1.5 (1.60%)

PENN

Penn National

$14.47

0.25 (1.76%)

MGM

MGM Resorts

BYD

Boyd Gaming

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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  • 28

    Feb

DF

Dean Foods

09:36
02/28/17
02/28
09:36
02/28/17
09:36
Upgrade
Dean Foods rating change  »

Dean Foods upgraded to…

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

Target

09:34
02/28/17
02/28
09:34
02/28/17
09:34
Hot Stocks
Target sees 2%-4% sales lift from reimagined stores »

Says to open 30 new small…

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  • 28

    Feb

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JPM

JPMorgan

09:33
02/28/17
02/28
09:33
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09:33
Hot Stocks
Breaking Hot Stocks news story on JPMorgan »

JPMorgan says…

03/08/13
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03/06/13
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03/06/13
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09:33
02/28/17
02/28
09:33
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09:33
General news
Market opens with modest losses »

Stock futures drifted…

JBT

JBT Corporation

09:32
02/28/17
02/28
09:32
02/28/17
09:32
Upgrade
JBT Corporation rating change  »

JBT Corporation upgraded…

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

    Feb

BCOV

Brightcove

$8.20

0.05 (0.61%)

, HUBS

HubSpot

09:31
02/28/17
02/28
09:31
02/28/17
09:31
Hot Stocks
Brightcove, HubSpot announce partnership »

Brightcove (BCOV) and…

BCOV

Brightcove

$8.20

0.05 (0.61%)

HUBS

HubSpot

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 01

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ESND

Essendant

$22.09

0.34 (1.56%)

09:31
02/28/17
02/28
09:31
02/28/17
09:31
Downgrade
Essendant rating change  »

Essendant downgraded to…

03/08/13
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  • 28

    Feb

HYH

Halyard Health

09:30
02/28/17
02/28
09:30
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09:30
Downgrade
Halyard Health rating change  »

Halyard Health downgraded…

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03/06/13
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03/06/13
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09:30
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General news
The U.S. advance indicators report »

The U.S. advance…

09:30
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General news
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PFE

Pfizer

09:29
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Hot Stocks
FDA sends Pfizer's Hospira warning letter over manufacturing »

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FRO

Frontline

09:28
02/28/17
02/28
09:28
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Hot Stocks
Breaking Hot Stocks news story on Frontline »

Frontline raises…

03/08/13
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03/08/13
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  • 22

    Mar

VZ

Verizon

, BPL

Buckeye Partners

09:28
02/28/17
02/28
09:28
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09:28
Conference/Events
Morgan Stanley to hold a conference »

MLP/Diversified Natural…

VZ

Verizon

BPL

Buckeye Partners

CEQP

Crestwood Equity

ENLC

EnLink Midstream

ENLK

EnLink Midstream Partners

EPD

Enterprise Products

SEMG

SemGroup

VLP

Valero Energy Partners

OGS

ONE Gas

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 28

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SCHW

Charles Schwab

09:27
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09:27
Hot Stocks
Charles Schwab lowers standard online equity and ETF trade commissions »

The Charles Schwab…

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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FRO

Frontline

09:25
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02/28
09:25
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09:25
Earnings
Frontline reports Q4 adj. EPS 22c, consensus 12c »

Reports Q4 revenue $128M,…

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  • 22

    Mar

EFX

Equifax

09:25
02/28/17
02/28
09:25
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09:25
Conference/Events
Equifax to hold a webcast »

Equifax Senior Vice…

03/08/13
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