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WFC

Wells Fargo

$45.32

-0.13 (-0.29%)

19:29
10/12/16
10/12
19:29
10/12/16
19:29

Rep. Waters: 'Concerned' about new Wells Fargo CEO ties to scandal

Congresswoman Maxine Waters, ranking member of the Committee on Financial Services, released the following statement in response to an announcement by Wells Fargo that CEO John Stumpf is retiring: "Given Stumpf's failure of oversight at Wells Fargo, I believe it is more than appropriate that he today decided to retire from the company, effective immediately... With that said, I remain concerned that incoming CEO Tim Sloan is also culpable in the recent scandal, serving in a central role in the chain of command that ought to have stopped this misconduct from happening. Indeed, as recently as June of this year, Sloan was telling the news media that Wells Fargo's aggressive cross-selling strategies were fundamentally sound and didn't need to change. As ranking member of the House Financial Services Committee, I still believe that Wells Fargo is too big to manage and that it should be broken up. I will remain focused on the Wells Fargo scandal and will continue to demand answers from the bank on who knew what and when. In the coming weeks and months, my Committee will continue to investigate this misconduct and determine how we can prevent this type of misbehavior from ever happening again." Reference Link

  • 14

    Oct

  • 23

    Oct

WFC Wells Fargo
$45.32

-0.13 (-0.29%)

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.

TODAY'S FREE FLY STORIES

RBS

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ATVI

Activision Blizzard

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DOC

Physicians Realty Trust

$20.01

0.1 (0.50%)

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RY

Royal Bank of Canada

$74.47

-0.41 (-0.55%)

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  • 24

    Feb

SB

Safe Bulkers

$1.38

0.009 (0.66%)

10:36
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Safe Bulkers rating change  »

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STX

Seagate

$47.39

0.04 (0.08%)

10:36
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  • 27

    Feb

10:35
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The 3.7% U.S. January new home sales bounce »

The 3.7% U.S. January new…

SQ

Square

$17.23

0.075 (0.44%)

, TEX

Terex

$29.53

-0.38 (-1.27%)

10:31
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On The Fly: Top five analyst initiations »

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SQ

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$17.23

0.075 (0.44%)

TEX

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$29.53

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$44.25

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CLSD

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$12.07

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    May

HPE

HP Enterprise

$22.46

-2.205 (-8.94%)

, W

Wayfair

$38.32

-0.265 (-0.69%)

10:31
02/24/17
02/24
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Downgrade
On The Fly: Top five analyst downgrades »

Catch up on today's…click here.

HPE

HP Enterprise

$22.46

-2.205 (-8.94%)

W

Wayfair

$38.32

-0.265 (-0.69%)

RIG

Transocean

$14.06

-0.25 (-1.75%)

GT

Goodyear Tire

$35.50

-0.45 (-1.25%)

JACK

Jack in the Box

$96.70

-6.9 (-6.66%)

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WEN

Wendy's

$13.44

-0.25 (-1.83%)

, AMCX

AMC Networks

$59.84

2.34 (4.07%)

10:31
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WEN

Wendy's

$13.44

-0.25 (-1.83%)

AMCX

AMC Networks

$59.84

2.34 (4.07%)

CHK

Chesapeake

$5.81

0.055 (0.96%)

INTU

Intuit

$120.70

1.27 (1.06%)

HP

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$68.53

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  • 06

    Mar

MBLY

Mobileye

$46.54

-1.6 (-3.32%)

, NVDA

NVIDIA

$100.49

-10.27 (-9.27%)

10:25
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Hot Stocks
Citron closes NVIDIA short, shifts focus to Mobileye »

Andrew Left's Citron…

MBLY

Mobileye

$46.54

-1.6 (-3.32%)

NVDA

NVIDIA

$100.49

-10.27 (-9.27%)

03/08/13
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  • 27

    Feb

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10:25
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General news
Michigan sentiment slipped to an upwardly-revised 96.3 »

Michigan sentiment…

ELNK

EarthLink

$5.85

0.04 (0.69%)

, WIN

Windstream

$7.29

0.07 (0.97%)

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Conference/Events
Windstream to host special shareholder meeting »

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ELNK

EarthLink

$5.85

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WIN

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JNJ

Johnson & Johnson

$122.19

1.2901 (1.07%)

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  • 24

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CLVS

Clovis

$57.71

-3.48 (-5.69%)

10:22
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CHK

Chesapeake

$5.85

0.095 (1.65%)

10:21
02/24/17
02/24
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Options
Renewed interest in Chesapeake Apr 7 calls »

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  • 06

    Mar

10:20
02/24/17
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Treasury Action: yields rebounded slightly »

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WIN

Windstream

$7.29

0.07 (0.97%)

, ELNK

EarthLink

$5.85

0.04 (0.69%)

10:20
02/24/17
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WIN

Windstream

$7.29

0.07 (0.97%)

ELNK

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$5.85

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  • 24

    Feb

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  • 01

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MBLY

Mobileye

$46.81

-1.335 (-2.77%)

10:19
02/24/17
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  • 20

    Mar

$NSD

NASDAQ Market Internals

10:17
02/24/17
02/24
10:17
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10:17
Technical Analysis
NASDAQ market internals summary »

Volume is above average…

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MU

Micron

$23.48

-0.27 (-1.14%)

10:16
02/24/17
02/24
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Options
Micron put volume heavy and directionally bearish »

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