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C

Citi

$48.47

-0.23 (-0.47%)

08:01
10/14/16
10/14
08:01
10/14/16
08:01

Citi reports book value per share of $74.51

Citigroup's book value per share was $74.51 and tangible book value per share was $64.71, each as of quarter end, both representing 8% increases. At quarter end, Citigroup's Common Equity Tier 1 Capital ratio was 12.6%, up from 11.7% in the prior year period. Citigroup's Supplementary Leverage Ratio for the third quarter 2016 was 7.4%, up from 6.9% in the prior year period. During the third quarter 2016, Citigroup returned a total of approximately $3.0 billion of capital to common shareholders in the form of dividends and repurchases of approximately 56 million common shares.

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C Citi
$48.47

-0.23 (-0.47%)

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

SBCF

Seacoast Banking

$23.70

-0.53 (-2.19%)

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Conference/Events
Seacoast Banking to host investor day »

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FXI

iShares Trust FTSE/Xinhua China 25 Fund

$38.76

0.3 (0.78%)

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NEM

Newmont Mining

$37.35

0.34 (0.92%)

, WCN

Waste Connections

$83.81

0.2099 (0.25%)

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Earnings
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NEM

Newmont Mining

$37.35

0.34 (0.92%)

WCN

Waste Connections

$83.81

0.2099 (0.25%)

VRSK

Verisk Analytics

$84.90

0.63 (0.75%)

NFX

Newfield Exploration

$42.51

0.69 (1.65%)

KAR

KAR Auction

$46.55

0.07 (0.15%)

XPO

XPO Logistics

$48.60

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FSLR

First Solar

$34.84

0.73 (2.14%)

TXRH

Texas Roadhouse

$48.24

0.13 (0.27%)

TEX

Terex

$32.14

0.14 (0.44%)

PZZA

Papa John's

$86.01

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WLL

Whiting Petroleum

$11.61

0.5 (4.50%)

SPN

Superior Energy

$16.64

0.215 (1.31%)

DEPO

Depomed

$16.47

-0.38 (-2.26%)

RRGB

Red Robin

$47.80

0.05 (0.10%)

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CDE

Coeur Mining

$9.20

0.315 (3.55%)

14:26
02/21/17
02/21
14:26
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14:26
Options
Coeur Mining call volume above normal and directionally bullish »

Bullish option flow…

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14:25
02/21/17
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14:25
General news
Canada Retail Sales Preview »

Canada Retail Sales…

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Conference/Events
Leerink specialty pharma/biotech analysts hold analyst/industry conference call »

Specialty Pharmaceuticals…

VLKAY

Volkswagen

$30.87

-0.65 (-2.06%)

, TTM

Tata Motors

$34.20

0.74 (2.21%)

14:24
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Periodicals
Volkswagen, Tata Motors in advanced partnership talks, Economic Times says »

Volkswagen (VLKAY) and…

VLKAY

Volkswagen

$30.87

-0.65 (-2.06%)

TTM

Tata Motors

$34.20

0.74 (2.21%)

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QSR

Restaurant Brands

$57.56

3.66 (6.79%)

, PLKI

Popeyes

$66.12

-0.26 (-0.39%)

14:24
02/21/17
02/21
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14:24
Periodicals
Popeyes declined rival bid from Arby's, Bloomberg reports »

Popeyes Louisiana Kitchen…

QSR

Restaurant Brands

$57.56

3.66 (6.79%)

PLKI

Popeyes

$66.12

-0.26 (-0.39%)

03/08/13
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14:21
02/21/17
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14:21
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General news
Stocks drifting near all-time best levels »

Stocks remain in positive…

$NSD

NASDAQ Market Internals

14:18
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14:18
Technical Analysis
NASDAQ Market Internals summary »

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$NYE

NYSE Market Internals

14:17
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Technical Analysis
NYSE Market Internals summary »

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PBI

Pitney Bowes

$13.74

0.35 (2.61%)

14:11
02/21/17
02/21
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Options
Bullish option flow in Pitney Bowes »

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  • 19

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HD

Home Depot

$144.01

1.0148 (0.71%)

14:08
02/21/17
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14:08
Recommendations
Home Depot analyst commentary  »

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EXAS

Exact Sciences

$19.91

-0.26 (-1.29%)

14:08
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Upgrade
Exact Sciences rating change  »

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  • 21

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AG

First Majestic

$9.86

-0.2 (-1.99%)

14:06
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Options
First Majestic call volume above normal and directionally bullish »

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  • 22

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DVA

DaVita

$68.36

1.46 (2.18%)

, CI

Cigna

$145.74

2.18 (1.52%)

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DVA

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CI

Cigna

$145.74

2.18 (1.52%)

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  • 22

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AJG

Arthur J. Gallagher

$56.41

-0.53 (-0.93%)

14:00
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Arthur J. Gallagher acquires Kelly Financial, terms not disclosed »

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EXAS

Exact Sciences

$19.91

-0.26 (-1.29%)

13:55
02/21/17
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Recommendations
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  • 21

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IMPV

Imperva

$45.70

0.8 (1.78%)

, CHKP

Check Point

$101.21

0.21 (0.21%)

13:51
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Periodicals
Homeland Security having problems with computer systems, Reuters reports »

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IMPV

Imperva

$45.70

0.8 (1.78%)

CHKP

Check Point

$101.21

0.21 (0.21%)

SYMC

Symantec

$28.80

0.33 (1.16%)

PANW

Palo Alto Networks

$154.58

-0.18 (-0.12%)

QLYS

Qualys

$35.60

1.35 (3.94%)

FFIV

F5 Networks

$143.35

0.11 (0.08%)

FTNT

Fortinet

$37.46

0.215 (0.58%)

CUDA

Barracuda

$23.93

-0.07 (-0.29%)

FEYE

FireEye

$11.83

0.48 (4.23%)

PFPT

Proofpoint

$81.84

0.31 (0.38%)

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K

Kellogg

$74.11

1.21 (1.66%)

13:51
02/21/17
02/21
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Options
Hefty call spread in Kellogg as shares rally »

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  • 21

    Feb

DBD

Diebold

$29.60

-0.5 (-1.66%)

13:47
02/21/17
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Conference/Events
Diebold to host investor day »

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  • 28

    Feb

MNK

Mallinckrodt

$53.66

-1.0799 (-1.97%)

13:46
02/21/17
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Options
Mallinckrodt call volume above normal and directionally bullish »

Bullish option flow…

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  • 01

    Mar

HAS

Hasbro

$98.50

0.86 (0.88%)

13:45
02/21/17
02/21
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13:45
Conference/Events
Hasbro management to meet with Wells Fargo »

Meeting to be held in New…

03/08/13
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  • 21

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    Feb

KFY

Korn/Ferry

$30.46

-0.1498 (-0.49%)

, GSK

GlaxoSmithKline

$41.50

0.16 (0.39%)

13:44
02/21/17
02/21
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13:44
Hot Stocks
Korn Ferry Futurestep partners with GlaxoSmithKline over talent acquisition »

Futurestep division of…

KFY

Korn/Ferry

$30.46

-0.1498 (-0.49%)

GSK

GlaxoSmithKline

$41.50

0.16 (0.39%)

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  • 21

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13:35
02/21/17
02/21
13:35
02/21/17
13:35
General news
NY Fed accepted $163.3 B in daily reverse repos »

NY Fed accepted $163.3 B…

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