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C

Citi

$49.55

0.27 (0.55%)

08:30
10/11/16
10/11
08:30
10/11/16
08:30

Citi launches CitiBLOC alternative trading facility

Citi has rebranded the Liquifi ATS into CitiBLOC, an alternative trading system designed for block execution. The platform leverages conditional orders to seek block execution while minimizing the opportunity cost typically associated with trading blocks of stocks. It is designed to only accept auto firm-ups, and has a nearly 90% normalized firm-up rate. CitiBLOC accepts conditional buy and sell orders and sends an invitation to firm-up to each of the participants when there is a potential match. It has a unique rank, time matching priority. Rank is determined by a combination of firm-up rate and size of firm-up orders. A minimum size of 5,000 shares or a notional value of at least $100,000 is required per order.

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C Citi
$49.55

0.27 (0.55%)

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.
10/10/16
OPCO
10/10/16
NO CHANGE
OPCO
Oppenheimer technical analyst upgrades Financials, downgrades Consumer Staples
Oppenheimer technical analyst Ari Wald upgraded the Financials sector to Market Weight and downgraded Consumer Staples to Underweight in next step in the firm's "cyclical rotation road map." Wald identified Ameriprise (AMP), Bank of America (BAC), Citi (C), Goldman Sachs (GS), Lincoln National (LNC) and SunTrust (STI) as six stocks breaking higher that he sees as likely to benefit from internal market rotation.
10/11/16
COMP
10/11/16
INITIATION
Target $39
COMP
Sell
Citi initiated with a Sell at Compass Point
Compass Point analyst Charles Peabody initiated Citi with a Sell and a $39 price target saying earnings continue to look week combined with soft international and capital markets.

TODAY'S FREE FLY STORIES

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GE

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BBBY

Bed Bath & Beyond

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SUN

Sunoco

$30.11

0.69 (2.35%)

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NVS

Novartis

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3.78 (4.58%)

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Thermo Fisher

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TMO

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TMO

Thermo Fisher

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, LH

LabCorp

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$175.47

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LH

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$150.34

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NEO

NeoGenomics

$8.70

0.21 (2.47%)

CGIX

Cancer Genetics

NVS

Novartis

$86.34

3.78 (4.58%)

PFE

Pfizer

$34.06

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NGHC

National General

17:32
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Syndicate
Breaking Syndicate news story on National General »

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NG

NovaGold

$4.42

0.13 (3.03%)

, ABX

Barrick Gold

$16.09

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NovaGold and Barrick Gold to advance Donlin Gold project with $8M drill program »

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NovaGold

$4.42

0.13 (3.03%)

ABX

Barrick Gold

$16.09

0.35 (2.22%)

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PRXL

Parexel

$87.11

-0.14 (-0.16%)

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Breaking Hot Stocks news story on Parexel »

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BBBY

Bed Bath & Beyond

$33.74

0.08 (0.24%)

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LMT

Lockheed Martin

$280.43

-2.56 (-0.90%)

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GD

General Dynamics

$201.26

-2.63 (-1.29%)

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AAL

American Airlines

$48.97

0.54 (1.12%)

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QSR

Restaurant Brands

$61.93

0.08 (0.13%)

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  • 27

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EMR

Emerson

$58.73

0.09 (0.15%)

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TEVA

Teva

$32.52

1.47 (4.73%)

17:15
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Conference/Events
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BBBY

Bed Bath & Beyond

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LC

LendingClub

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TFX

Teleflex

$204.35

0.9 (0.44%)

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  • 22

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ALLY

Ally Financial

$20.39

0.34 (1.70%)

, AXP

American Express

$82.25

0.04 (0.05%)

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ALLY

Ally Financial

$20.39

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AXP

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BNPQY

BNP Paribas

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BAC

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BNK

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BBT

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BBVA

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BMO

Bank of Montreal

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COF

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CIT

CIT Group

$47.85

0.04 (0.08%)

C

Citi

$63.62

-0.21 (-0.33%)

CFG

Citizens Financial

$34.98

-0.22 (-0.63%)

CMA

Comerica

$71.42

-0.9 (-1.24%)

DB

Deutsche Bank

$16.74

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DFS

Discover

$60.24

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FITB

Fifth Third

$25.14

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GS

Goldman Sachs

$219.77

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HSBC

HSBC

$43.31

-0.16 (-0.37%)

HBAN

Huntington Bancshares

$12.94

-0.12 (-0.92%)

JPM

JPMorgan

$87.02

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KEY

KeyCorp

$18.20

-0.19 (-1.03%)

MTB

M&T Bank

$159.49

-1.54 (-0.96%)

MS

Morgan Stanley

$44.61

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MTU

Mitsubishi UFJ

$6.48

0.06 (0.93%)

NTRS

Northern Trust

$94.34

-0.05 (-0.05%)

PNC

PNC Financial

$120.76

-1.57 (-1.28%)

RF

Regions Financial

$13.84

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SAN

Banco Santander

$6.51

-0.03 (-0.46%)

STT

State Street

$88.68

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STI

SunTrust

$54.73

-0.56 (-1.01%)

TD

Toronto-Dominion

$49.32

0.51 (1.04%)

USB

U.S. Bancorp

$51.30

-0.7 (-1.35%)

WFC

Wells Fargo

$52.49

-0.49 (-0.92%)

ZION

Zions Bancorp

$42.30

-0.03 (-0.07%)

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HAE

Haemonetics

$39.18

-0.91 (-2.27%)

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  • 22

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ASCMA

Ascent Capital

$15.00

0.25 (1.69%)

16:55
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Breaking Hot Stocks news story on Ascent Capital »

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  • 27

    Jun

SAN

Banco Santander

$6.51

-0.03 (-0.46%)

16:55
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Breaking Syndicate news story on Banco Santander »

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WG

Willbros Group

$2.13

-0.09 (-4.05%)

16:54
06/22/17
06/22
16:54
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16:54
Hot Stocks
Willbros Group reports $68M in recent awards »

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