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C

Citi

$49.08

0.48 (0.99%)

10:20
10/18/16
10/18
10:20
10/18/16
10:20

Ambitious call buying in Citi

Ambitious call buying in Citi. 6.5K Nov 55s for 6c per contract. 16K traded total against 2K in open interest. With the stock up 40c to $49, the bullish flow opens positions struck 12% above spot with a 3.5% probability expiring ITM. Earnings were reported Friday.

  • 23

    Oct

  • 26

    Oct

C Citi
$49.08

0.48 (0.99%)

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

BCRX

BioCryst

$5.49

-0.11 (-1.96%)

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JCP

J.C. Penney

$6.46

-0.4 (-5.83%)

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WMT

Wal-Mart

$72.39

1.08 (1.51%)

, KR

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0.3 (0.91%)

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WMT

Wal-Mart

$72.39

1.08 (1.51%)

KR

Kroger

$33.29

0.3 (0.91%)

PG

Procter & Gamble

$91.05

-0.08 (-0.09%)

UN

Unilever; also tag UL

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0.33 (0.71%)

UL

Unilever; also tag UN

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CAG

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LJPC

La Jolla

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  • 19

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INVH

Invitation Homes

$21.60

0.02 (0.09%)

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PEG

PSEG

$45.61

1.36 (3.07%)

06:04
02/27/17
02/27
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06:04
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PSEG rating change  »

PSEG downgraded to Market…

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UCP

UCP, Inc.

$11.35

-0.05 (-0.44%)

06:03
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  • 27

    Feb

LAUR

Laureate Education

$13.24

0.06 (0.46%)

06:03
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UCP

UCP, Inc.

$11.35

-0.05 (-0.44%)

06:02
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Earnings
UCP, Inc. reports Q4 EPS 89c with benefits, consensus 18c »

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  • 27

    Feb

SNAP

Snap Inc.

06:01
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  • 02

    Mar

GRAM

Grana y Montero

$3.32

-1.77 (-34.77%)

06:00
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INVH

Invitation Homes

$21.60

0.02 (0.09%)

05:59
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Initiation
Invitation Homes initiated  »

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AAPL

Apple

$136.66

0.13 (0.10%)

, EBAY

eBay

$34.06

0.46 (1.37%)

05:58
02/27/17
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AAPL

Apple

$136.66

0.13 (0.10%)

EBAY

eBay

$34.06

0.46 (1.37%)

IBM

IBM

$181.35

-0.3 (-0.17%)

MSFT

Microsoft

PYPL

PayPal

$43.07

0.54 (1.27%)

CRM

Salesforce

$81.78

-0.29 (-0.35%)

YELP

Yelp

$33.46

-0.01 (-0.03%)

BOX

Box

$17.93

0.41 (2.34%)

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AFL

Aflac

$71.71

-0.01 (-0.01%)

05:57
02/27/17
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  • 05

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FTI

TechnipFMC

$32.30

-0.58 (-1.76%)

05:56
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DDS

Dillard's

$57.00

2.32 (4.24%)

, ISIL

Intersil

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Dillard's to replace Intersil in S&P 400 as of 2/28 open »

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DDS

Dillard's

$57.00

2.32 (4.24%)

ISIL

Intersil

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INCY

Incyte

$131.21

9.26 (7.59%)

, SE

Spectra Energy

$40.68

-0.32 (-0.78%)

05:55
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INCY

Incyte

$131.21

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SE

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$40.68

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ENB

Enbridge

$41.34

-0.37 (-0.89%)

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NCMI

National CineMedia

$12.08

-0.35 (-2.82%)

05:53
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  • 28

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HMSY

HMS Holdings

$18.83

0.13 (0.70%)

05:48
02/27/17
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  • 21

    Mar

TEX

Terex

$30.35

0.44 (1.47%)

05:45
02/27/17
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  • 07

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TPH

TRI Pointe

$12.21

0.1 (0.83%)

05:43
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TRI Pointe rating change  »

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  • 01

    Mar

JCP

J.C. Penney

$6.46

-0.4 (-5.83%)

05:39
02/27/17
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  • 01

    Mar

SUI

Sun Communities

$83.52

1.2 (1.46%)

05:37
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  • 01

    Mar

AVGO

Broadcom

$210.37

-0.21 (-0.10%)

05:34
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