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WFC

Wells Fargo

$45.65

0.32 (0.71%)

17:23
10/10/16
10/10
17:23
10/10/16
17:23

Wells Fargo forms innovation group, makes appointments to operating committee

Wells Fargo announced earlier the formation of a new Payments, Virtual Solutions and Innovation group and the appointment of new senior leaders to its operating committee. The committee is led by CEO John Stumpf. Effective November 1, the following executives will assume new or expanded roles, will serve on the operating committee, and will report to COO Tim Sloan: Avid Modjtabai, appointed head of Payments, Virtual Solutions and Innovation; Franklin Codel, appointed head of Consumer Lending; Perry Pelos, appointed head of Wholesale Banking; David Carroll, head of Wealth and Investment Management, and Mary Mack, head of Community Banking, will continue to report to Sloan. Carroll currently serves on the operating committee, and Mack will join effective November 1.

  • 14

    Oct

  • 23

    Oct

WFC Wells Fargo
$45.65

0.32 (0.71%)

09/28/16
DBAB
09/28/16
UPGRADE
Target $11.5
DBAB
Buy
Huntington Bancshares upgraded to Buy from Hold at Deutsche Bank
Deutsche Bank analyst Matt O'Connor upgraded Huntington Bancshares to Buy saying the 15% pullback in the shares since the FirstMerit (FMER) deal was announced is overdone. The analyst views industry-wide concerns surrounding consumer indirect auto lending as overblown and he raised his price target for Huntington shares to $11.50 from $10.50. Going into the Q3 results for U.S. banks, O'Connor likes JPMorgan (JPM) and Wells Fargo (WFC) and is cautious on Fifth Third (FITB).
10/04/16
RAJA
10/04/16
DOWNGRADE
RAJA
Underperform
Wells Fargo downgraded to Underperform from Market Perform at Raymond James
Raymond James analyst David Long downgraded Wells Fargo to Underperform and reduced estimate saying the fallout from the unauthorized account openings will result in continued under performance. The analyst said several additional investigations, lawsuits, and fines have been announced, resulting in a still cloudy outlook.
10/04/16
10/04/16
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. Wells Fargo (WFC) downgraded to Underperform from Market Perform at Raymond James with analyst David Long saying the fallout from the unauthorized account openings will result in continued under performance. The analyst said several additional investigations, lawsuits, and fines have been announced, resulting in a still cloudy outlook. 2. Kinder Morgan (KMI) downgraded to Hold from Buy at Stifel analyst Selman Akyol citing valuation. 3. GrubHub (GRUB) downgraded to Hold from Buy at Stifel with analyst John Egbert citing valuation. 4. Dr Pepper Snapple (DPS) downgraded to Hold from Buy at Evercore ISI with analyst Robert Ottenstein saying reports that Bai Brands is looking for a new owner are credible and could change investor's psychology on the stock and its Allied Brands business. 5. Dollar Tree (DLTR) downgraded to Neutral from Buy at Cleveland Research with the firm saying sales trends appear to have slowed further at Family Dollar as the company struggles with increased price competition, difficult comps, and strategy headwinds. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/10/16
UBSW
10/10/16
UPGRADE
Target $44
UBSW
Neutral
Wells Fargo upgraded to Neutral from Sell at UBS
UBS analyst Brennan Hawken upgraded Wells Fargo to Neutral saying the risk/reward appears more balanced after the significant underperformance of the shares. The analyst believes Wells' earnings outlook remains uncertain, however. He keeps a $44 price target for the shares.

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BCRX

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MU

Micron

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ETR

Entergy

$77.80

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$DJU

DJ Utility Average

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DJX

Dow Jones Industrial Average

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UFI

Unifi

$32.91

0.09 (0.27%)

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IYT

iShares Transportation Average

$174.15

2.54 (1.48%)

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XLK

Technology Select Sector SPDR

$58.81

-0.24 (-0.41%)

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XLE

Energy Select Sector SPDR

$66.84

0.45 (0.68%)

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LPCN

Lipocine

$4.00

0.07 (1.78%)

08:20
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Hot Stocks
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General news
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XLY

Consumer Discretionary Sector SPDR

$89.54

0.3 (0.34%)

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XLB

S&P Select Materials SPDR

$56.87

0.2 (0.35%)

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XLU

Utilities SPDR

$53.68

-0.4 (-0.74%)

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XLP

Consumer Staples Sector SPDR

$54.60

-0.53 (-0.96%)

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HKMPY

Hikma

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XLV

Health Care Select Sector SPDR

$82.00

0.08 (0.10%)

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SUP

Superior Industries

$16.00

0.45 (2.89%)

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IWM

iShares Trust Russell 2000 Index Fund

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DIA

Diamonds Fund ETF

$223.90

0.32 (0.14%)

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ALNY

Alnylam

$113.84

38.8 (51.71%)

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SPY

SPDR S&P 500 ETF Trust

$250.06

0.09 (0.04%)

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XLF

Financial Select Sector

$25.40

0.15 (0.59%)

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