Breaking News Instant updates and real-time market news.

ITUB

Itau Unibanco

$11.83

0.13 (1.11%)

, C

Citi

$49.28

0.21 (0.43%)

15:40
10/09/16
10/09
15:40
10/09/16
15:40

Itau Unibanco confirms purchase of Citi retail operations in Brazil

Itau Unibanco confirmed it has entered into an equity interest purchase agreement with Citibank (C) for the acquisition of the retail business carried out by Citibank in Brazil, including loans, deposits, credit cards, branches, asset management and insurance brokerage, as well as of the equity investments held by Citibank in Tecnologia Bancaria and in Companhia Brasileira de Securitizacao for R$710M. "This transaction will involve the corporate restructuring of some companies of the Citibank group, so that the retail business in Brazil is spun off and transferred to the companies that will be subject to the acquisition," the company noted. With the acquisition, Itau Unibanco's assets will reach R$1,404B. The impact on Itau Unibanco's core capital resulting from the transaction is estimated at approximately 40 basis points. "This transaction is not expected to have any significant impact on this fiscal year's financial results," the bank said.

ITUB

Itau Unibanco

$11.83

0.13 (1.11%)

C

Citi

$49.28

0.21 (0.43%)

  • 14

    Oct

  • 23

    Oct

  • 26

    Oct

ITUB Itau Unibanco
$11.83

0.13 (1.11%)

06/02/16
HSBC
06/02/16
DOWNGRADE
HSBC
Hold
Itau Unitbanco downgraded to Hold from Buy at HSBC
07/14/16
FBCO
07/14/16
UPGRADE
FBCO
Neutral
Itau Unitbanco upgraded to Neutral from Underperform at Credit Suisse
07/19/16
GSCO
07/19/16
UPGRADE
GSCO
Neutral
Itau Unitbanco upgraded to Neutral from Sell at Goldman
07/19/16
GSCO
07/19/16
UPGRADE
GSCO
Neutral
Itau Unitbanco upgraded to Neutral from Sell at Goldman
C Citi
$49.28

0.21 (0.43%)

09/13/16
SOCG
09/13/16
DOWNGRADE
SOCG
Sell
Citi downgraded to Sell from Hold at Societe Generale
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.
09/16/16
GSCO
09/16/16
DOWNGRADE
GSCO
Neutral
Citi downgraded to Neutral from Buy at Goldman
Goldman analyst Richard Ramsden downgraded Citi to Neutral and lowered his price target on the shares to $50 from $52. The analyst said Citi's expected earnings inflection has failed to materialize and ROEs are at 7.7%, well below management's 10% target. Ramsden's analysis suggests growth in higher return businesses, such as credit cards and wealth management, and expense discipline will not be enough to increase ROE all the way to its 10% target. Citi remains a capital returns story, constrained by the utilization of deferred tax assets, the analyst wrote in his report.
09/16/16
09/16/16
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. 21st Century Fox (FOX, FOXA) downgraded to Market Perform from Outperform at Bernstein with analyst Jason Park citing a reduction in his estimates for the company's Star India business. 2. Wells Fargo (WFC) downgraded to Underweight from Neutral at Atlantic Equities. 3. Citi (C) downgraded to Neutral from Buy at Goldman with analyst Richard Ramsden saying Citi's expected earnings inflection has failed to materialize and ROEs are at 7.7%, well below management's 10% target. 4. McCormick (MKC) downgraded to Market Perform from Outperform at Bernstein with analyst Alexia Howard citing valuation. 5. Novavax (NVAX) downgraded to Neutral from Overweight at Piper Jaffray, to Neutral from Overweight at JPMorgan, to Neutral from Buy at Ladenburg, to Neutral from Outperform at Wedbush, and to Neutral from Buy at Citi. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

11:15
09/19/17
09/19
11:15
09/19/17
11:15
General news
Breaking General news story  »

4-Week Bill Auction to be…

BBY

Best Buy

$52.43

-4.92 (-8.58%)

11:13
09/19/17
09/19
11:13
09/19/17
11:13
Technical Analysis
Technical View: Best Buy falls to session lows following outlook »

The shares have been…

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

See Street Research during your Free Trial

  • 19

    Sep

SIEGY

Siemens

$69.98

0.26 (0.37%)

11:11
09/19/17
09/19
11:11
09/19/17
11:11
Hot Stocks
Siemens, PAS announce partnership to provide monitoring for control systems »

Siemens and PAS Global…

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

See Street Research during your Free Trial

UAL

United Continental

$58.51

0.395 (0.68%)

11:10
09/19/17
09/19
11:10
09/19/17
11:10
Options
Repeat of bullish option activity in UAL »

Repeat of bullish option…

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

See Street Research during your Free Trial

  • 02

    Oct

VIAB

Viacom

$27.32

-0.35 (-1.26%)

, DISCA

Discovery

$21.32

-0.62 (-2.83%)

11:08
09/19/17
09/19
11:08
09/19/17
11:08
Hot Stocks
Cowen sees more trouble ahead for traditional TV names »

Research firm Cowen cut…

VIAB

Viacom

$27.32

-0.35 (-1.26%)

DISCA

Discovery

$21.32

-0.62 (-2.83%)

FOXA

21st Century Fox

$26.50

-0.55 (-2.03%)

DIS

Disney

$98.43

0.325 (0.33%)

CBS

CBS

$57.71

-0.01 (-0.02%)

GOOGL

Alphabet Class A

$929.75

-5.54 (-0.59%)

GOOG

Alphabet

$915.00

-5.29 (-0.57%)

FB

Facebook

$170.01

-1.63 (-0.95%)

NFLX

Netflix

$184.62

2.27 (1.24%)

AMZN

Amazon.com

$974.19

-12.6 (-1.28%)

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

See Street Research during your Free Trial

  • 27

    Sep

  • 28

    Sep

  • 02

    Oct

  • 16

    Oct

  • 29

    Nov

XON

Intrexon

$19.19

-0.28 (-1.44%)

11:07
09/19/17
09/19
11:07
09/19/17
11:07
Hot Stocks
Intrexon's Oxitec plans to build centralized mosquito egg production unit »

Oxitec, a wholly owned…

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

See Street Research during your Free Trial

CRCM

Care.com

$14.45

-0.14 (-0.96%)

11:04
09/19/17
09/19
11:04
09/19/17
11:04
Hot Stocks
Care.com names George Bell to board as lead independent director »

Care.com yesterday…

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

See Street Research during your Free Trial

MTB

M&T Bank

$152.67

1 (0.66%)

11:03
09/19/17
09/19
11:03
09/19/17
11:03
Hot Stocks
M&T Bank enters community-focused strategic partnership with NY Jets »

The New York Jets and…

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

See Street Research during your Free Trial

CNC

Centene

$88.33

-6.25 (-6.61%)

11:02
09/19/17
09/19
11:02
09/19/17
11:02
Hot Stocks
Coordinated Care awarded Commendable Accreditation status from NCQA »

Coordinated Care, a…

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

See Street Research during your Free Trial

  • 26

    Sep

  • 27

    Sep

  • 24

    Oct

USB

U.S. Bancorp

$52.64

0.255 (0.49%)

11:01
09/19/17
09/19
11:01
09/19/17
11:01
Hot Stocks
U.S. Bancorp boosts quarterly dividend by 7% to 30c »

U.S. Bancorp said its…

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

See Street Research during your Free Trial

  • 18

    Oct

  • 17

    Jan

NUVA

NuVasive

$57.80

-0.68 (-1.16%)

11:01
09/19/17
09/19
11:01
09/19/17
11:01
Periodicals
NuVasive mentioned cautiously in short report from GlassHouse Research 

Reference Link

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

See Street Research during your Free Trial

RGC

Regal Entertainment

$16.08

-0.365 (-2.22%)

11:00
09/19/17
09/19
11:00
09/19/17
11:00
Conference/Events
Regal Entertainment management to meet with MKM Partners »

Meeting to be held in…

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

See Street Research during your Free Trial

  • 20

    Sep

  • 28

    Sep

  • 02

    Oct

T

AT&T

$37.94

0.515 (1.38%)

11:00
09/19/17
09/19
11:00
09/19/17
11:00
Options
AT&T option volume double normal as implied volatility term structure inverts »

AT&T option volume…

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

See Street Research during your Free Trial

  • 29

    Nov

KR

Kroger

$21.32

-0.12 (-0.56%)

10:59
09/19/17
09/19
10:59
09/19/17
10:59
Hot Stocks
Kroger outlook revised to Negative from Stable by Fitch »

Fitch affirmed…

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

See Street Research during your Free Trial

  • 11

    Oct

  • 30

    Nov

TSLA

Tesla

$385.00

5.19 (1.37%)

10:58
09/19/17
09/19
10:58
09/19/17
10:58
Conference/Events
Tesla management to meet with MKM Partners »

Meeting to be held in…

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

See Street Research during your Free Trial

  • 19

    Sep

  • 19

    Sep

  • 02

    Oct

WK

Workiva

$19.75

-0.15 (-0.75%)

10:55
09/19/17
09/19
10:55
09/19/17
10:55
Conference/Events
Workiva to host analyst day »

Analyst Day to be held in…

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

See Street Research during your Free Trial

  • 19

    Sep

  • 19

    Sep

BBY

Best Buy

$52.62

-4.7284 (-8.24%)

, AMZN

Amazon.com

$974.19

-12.6 (-1.28%)

10:54
09/19/17
09/19
10:54
09/19/17
10:54
Hot Stocks
Before the Move: Best Buy in focus ahead of first investor meeting in five years »

Shares of Best Buy (BBY)…

BBY

Best Buy

$52.62

-4.7284 (-8.24%)

AMZN

Amazon.com

$974.19

-12.6 (-1.28%)

GOOG

Alphabet

$915.00

-5.29 (-0.57%)

GOOGL

Alphabet Class A

$929.75

-5.54 (-0.59%)

BX

Blackstone

$32.51

0.18 (0.56%)

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

See Street Research during your Free Trial

  • 19

    Sep

  • 29

    Nov

VRTX

Vertex

$153.20

-0.41 (-0.27%)

10:52
09/19/17
09/19
10:52
09/19/17
10:52
Hot Stocks
Vertex to present 11 abstracts from CF R&D program at NACFC »

Vertex Pharmaceuticals…

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

See Street Research during your Free Trial

SPY

SPDR S&P 500 ETF Trust

$249.80

0.08 (0.03%)

10:50
09/19/17
09/19
10:50
09/19/17
10:50
Options
Hefty short-term hedge opened in SPYders ETF »

Hefty short-term hedge…

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

See Street Research during your Free Trial

GPS

Gap

$28.32

0.42 (1.51%)

, AMZN

Amazon.com

$974.19

-12.6 (-1.28%)

10:47
09/19/17
09/19
10:47
09/19/17
10:47
Hot Stocks
Gap rises after Credit Suisse notes improvements in supply chain »

Shares of Gap (GPS)…

GPS

Gap

$28.32

0.42 (1.51%)

AMZN

Amazon.com

$974.19

-12.6 (-1.28%)

M

Macy's

$22.29

0.19 (0.86%)

KSS

Kohl's

$46.80

1.905 (4.24%)

JCP

J.C. Penney

$4.16

0.01 (0.24%)

JWN

Nordstrom

$46.73

0.09 (0.19%)

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

See Street Research during your Free Trial

  • 27

    Sep

  • 09

    Nov

UA

Under Armour

$15.67

-0.47 (-2.91%)

, UAA

Under Armour

$17.06

-0.315 (-1.81%)

10:45
09/19/17
09/19
10:45
09/19/17
10:45
Hot Stocks
Athletic gear oversupply worries fuel downgrades of Under Armour, Nike »

Shares of Under Armour…

UA

Under Armour

$15.67

-0.47 (-2.91%)

UAA

Under Armour

$17.06

-0.315 (-1.81%)

NKE

Nike

$53.19

-0.31 (-0.58%)

LULU

lululemon

$59.76

-0.84 (-1.39%)

FINL

Finish Line

$9.88

-0.61 (-5.82%)

FL

Foot Locker

$35.43

-0.83 (-2.29%)

DKS

Dick's Sporting

$27.36

0.01 (0.04%)

HIBB

Hibbett Sports

$13.15

-0.7 (-5.05%)

ADDYY

adidas

$117.60

-0.6 (-0.51%)

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

See Street Research during your Free Trial

  • 21

    Sep

  • 22

    Sep

  • 26

    Sep

  • 03

    Oct

  • 04

    Oct

SNAP

Snap

$14.72

-0.2 (-1.34%)

, FB

Facebook

$170.01

-1.63 (-0.95%)

10:41
09/19/17
09/19
10:41
09/19/17
10:41
Periodicals
Snapchat signs up more new U.S. users than Instagram in August, Recode says »

Snapchat (SNAP) has…

SNAP

Snap

$14.72

-0.2 (-1.34%)

FB

Facebook

$170.01

-1.63 (-0.95%)

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

See Street Research during your Free Trial

CMCSA

Comcast

$37.11

0.18 (0.49%)

10:40
09/19/17
09/19
10:40
09/19/17
10:40
Options
Second day of bullish flow in Comcast »

Second day of bullish…

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

See Street Research during your Free Trial

  • 26

    Oct

MOH

Molina Healthcare

$63.24

-2.76 (-4.18%)

, CNC

Centene

$89.74

-4.84 (-5.12%)

10:39
09/19/17
09/19
10:39
09/19/17
10:39
Hot Stocks
Centene, Molina fall as new repeal and replace proposal possible »

Shares of Medicaid…

MOH

Molina Healthcare

$63.24

-2.76 (-4.18%)

CNC

Centene

$89.74

-4.84 (-5.12%)

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

See Street Research during your Free Trial

  • 26

    Sep

  • 27

    Sep

  • 24

    Oct

WDC

Western Digital

$89.18

0.66 (0.75%)

, STX

Seagate

$33.52

-0.03 (-0.09%)

10:36
09/19/17
09/19
10:36
09/19/17
10:36
Recommendations
Western Digital, Seagate, Toshiba, also use TOSBF, Toshiba, also use TOSYY analyst commentary  »

Hard disk drive demand…

WDC

Western Digital

$89.18

0.66 (0.75%)

STX

Seagate

$33.52

-0.03 (-0.09%)

TOSYY

Toshiba, also use TOSBF

$17.25

-0.1699 (-0.98%)

TOSBF

Toshiba, also use TOSYY

$2.88

-0.0001 (-0.00%)

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

See Street Research during your Free Trial

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.