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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

GEF

Greif

$53.95

-1.56 (-2.81%)

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MCK

McKesson

$166.69

-0.92 (-0.55%)

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KMPH

KemPharm

$3.45

0.05 (1.47%)

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NOW

ServiceNow

$106.77

-1.58 (-1.46%)

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$DJT

DJ Transportation Average

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GS

Goldman Sachs

$220.28

-0.16 (-0.07%)

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$DJU

DJ Utility Average

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DJX

Dow Jones Industrial Average

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Dow Jones Industrial Average: Pivot points »

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IYT

iShares Transportation Average

$168.95

-1.025697 (-0.60%)

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General news
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XLK

Technology Select Sector SPDR

$55.08

-0.92 (-1.64%)

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XLE

Energy Select Sector SPDR

$64.14

-0.1 (-0.16%)

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CC

Chemours

$35.09

-0.91 (-2.53%)

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Earnings
Chemours raises 2017 adjusted EBITDA view to 'above $1.25B' »

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XLY

Consumer Discretionary Sector SPDR

$89.13

-0.71 (-0.79%)

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XLB

S&P Select Materials SPDR

$53.68

-0.33 (-0.61%)

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XLU

Utilities SPDR

$52.97

-0.6 (-1.12%)

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XLP

Consumer Staples Sector SPDR

$55.23

-0.48 (-0.86%)

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IDXG

Interpace Diagnostics

$0.85

-0.043 (-4.82%)

, AET

Aetna

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IDXG

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AET

Aetna

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CBIO

Catalyst Biosciences

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XLV

Health Care Select Sector SPDR

$79.66

-0.73 (-0.91%)

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IWM

iShares Trust Russell 2000 Index Fund

$139.84

-1.24 (-0.88%)

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DIA

Diamonds Fund ETF

$212.93

-0.94 (-0.44%)

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SPY

SPDR S&P 500 ETF Trust

$241.33

-1.96 (-0.81%)

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XLF

Financial Select Sector

$24.14

0.12 (0.50%)

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SMH

Market Vectors Semiconductor

$82.90

-2.44 (-2.86%)

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