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WFC

Wells Fargo

$51.90

0.32 (0.62%)

12:11
11/29/16
11/29
12:11
11/29/16
12:11

Wells Fargo's Sloan involved in Tolstedt's exit prior to scandal, Bloomberg says

According to a letter that Wells Fargo sent to U.S. lawmakers in September detailing behind-the-scenes discussions among the bank's senior executives, Tim Sloan, who became CEO of the bank in October, played a role in the removal of retail banking chief Carrie Tolstedt, Bloomberg reports. The information comes as Wells Fargo has gone through a great deal of scrutiny over its fake accounts scandal, the report says. Some lawmakers were particularly concerned about a July press release, in which former CEO John Stumpf praised Tolstedt's leadership while announcing her decision to retire, the report notes. Privately, however, Stumpf conferred early in the year with Sloan, the report says. Reference Link

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    Dec

WFC Wells Fargo
$51.90

0.32 (0.62%)

11/18/16
BMOC
11/18/16
DOWNGRADE
BMOC
Underperform
Wells Fargo downgraded on valuiation at BMO Capital
As noted earlier, BMO Capital downgraded Wells Fargo to Underperform from Market Perform. Analyst James Fotheringham downgraded the stock based on valuation, saying that the shares don't reflect the impact of its "recent cross-selling issues." Target $47.
11/18/16
11/18/16
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 BMO Capital with analyst James Fotheringham saying that the shares don't reflect the impact of its "recent cross-selling issues." 2. Gap (GPS) downgraded to Sell from Neutral at Citi with analyst Paul Lejuez citing expectations that the company's brands will continue to struggle. 3. Citi (C) downgraded to Neutral from Outperform at Macquarie with analyst David Konrad saying investors should shift exposure to names that have more leverage to capital markets and increased economic activity and away from global banks. 4. Torchmark (TMK) downgraded to Underperform from Neutral at BofA/Merrill with analyst Seth Weiss citing relative valuation. 5. First Solar (FSLR) downgraded to Sell from Neutral at UBS with analyst Julien Dumoulin-Smith saying the recently issued 2017 guidance "is not the trough in expectations." This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/28/16
JEFF
11/28/16
DOWNGRADE
Target $58
JEFF
Hold
Wells Fargo downgraded to Hold from Buy at Jefferies
Jefferies analyst Ken Usdin downgraded Wells Fargo to Hold citing valuation with the shares up 15% since the U.S. election. The analyst raised his price target for the shares to $58 from $50.
11/28/16
11/28/16
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. AbbVie (ABBV) downgraded to Neutral from Buy at Citi. 2. Citi (C), Wells Fargo (WFC), and Regions Financial (RF) were downgraded to Hold from Buy at Jefferies with analyst Ken Usdin citing valuation. 3. Hilton (HLT) and Marriott (MAR) were downgraded to Hold from Buy at Evercore ISI. 4. H&R Block (HRB) downgraded to Sell from Neutral at BTIG with analyst Mark Palmer noting that President-elect Trump has said he wants to put H&R Block out of business by simplifying the tax code. 5. Tupperware Brands (TUP) downgraded to Sell from Neutral at B. Riley with analyst Linda Bolton Weiser saying the stock has not moved lower to reflect post-election currency devaluations. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

LULU

lululemon

$55.04

-0.46 (-0.83%)

10:07
06/28/17
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10:07
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lululemon again the subject of private equity speculation »

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XPO

XPO Logistics

$62.63

1.785 (2.93%)

10:00
06/28/17
06/28
10:00
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10:00
Periodicals
XPO tells Bloomberg 'several billion' dollar acquisition is possible »

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  • 07

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HYG

iShares iBoxx $ High Yield Corporate Bond

$88.17

0.13 (0.15%)

10:00
06/28/17
06/28
10:00
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10:00
Options
Hefty put spread in High Yield Bond Fund »

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WDC

Western Digital

$91.85

-0.81 (-0.87%)

09:55
06/28/17
06/28
09:55
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09:55
Options
Western Digital put volume heavy and directionally bearish »

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TRIP

TripAdvisor

$36.49

-0.18 (-0.49%)

, LNC

Lincoln National

$66.94

1.315 (2.00%)

09:55
06/28/17
06/28
09:55
06/28/17
09:55
Options
Early notable gainers among liquid option names on June 28th »

Notable gainers among…

TRIP

TripAdvisor

$36.49

-0.18 (-0.49%)

LNC

Lincoln National

$66.94

1.315 (2.00%)

GIS

General Mills

$56.79

1.27 (2.29%)

DO

Diamond Offshore

$10.77

0.2 (1.89%)

RIG

Transocean

$8.23

0.16 (1.98%)

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  • 14

    Nov

09:55
06/28/17
06/28
09:55
06/28/17
09:55
Conference/Events
House Financial Services Committee to hold a hearing »

The Monetary Policy &…

SBUX

Starbucks

$58.96

-0.68 (-1.14%)

09:53
06/28/17
06/28
09:53
06/28/17
09:53
Periodicals
Fecal bacteria found in ice at Costa, Starbucks, Caffe Nero, BBC reports »

A BBC investigation found…

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  • 23

    Aug

PWE

Penn West

09:50
06/28/17
06/28
09:50
06/28/17
09:50
Hot Stocks
Breaking Hot Stocks news story on Penn West »

Penn West trading halted,…

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09:50
06/28/17
06/28
09:50
06/28/17
09:50
General news
Treasury Action: yields rebounded again »

Treasury Action: yields…

APDN

Applied DNA Sciences

$1.76

0.36 (25.71%)

09:47
06/28/17
06/28
09:47
06/28/17
09:47
Syndicate
Applied DNA Sciences raises $1.8M in a private placement »

Applied DNA Sciences…

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09:45
06/28/17
06/28
09:45
06/28/17
09:45
General news
Pending Home Sales Index to be reported at 10:00 »

May Pending Home Sales…

SSNLF

Samsung

09:44
06/28/17
06/28
09:44
06/28/17
09:44
Hot Stocks
Samsung to open $380M home appliance plant in South Carolina »

Samsung announced that it…

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MOMO

Momo

$37.06

-2.32 (-5.89%)

, BAC

Bank of America

09:40
06/28/17
06/28
09:40
06/28/17
09:40
Options
Unusually active option classes on open June 28th »

Unusual total active…

MOMO

Momo

$37.06

-2.32 (-5.89%)

BAC

Bank of America

JPM

JPMorgan

GOOGL

Alphabet Class A

$948.09

-24 (-2.47%)

XBI

SPDR S&P BIOTECH

C

Citi

P

Pandora

03/08/13
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AAP

Advance Auto Parts

09:39
06/28/17
06/28
09:39
06/28/17
09:39
Downgrade
Advance Auto Parts rating change  »

Follow up: Advance Auto…

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PRQR

ProQR Therapeutics

$5.03

-0.025 (-0.50%)

09:38
06/28/17
06/28
09:38
06/28/17
09:38
Syndicate
Breaking Syndicate news story on ProQR Therapeutics »

ProQR Therapeutics…

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GIS

General Mills

09:36
06/28/17
06/28
09:36
06/28/17
09:36
Technical Analysis
Technical View: General Mills trades higher after results and outlook »

The stock was last up…

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  • 28

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SKYS

Sky Solar

$1.54

0.26 (20.31%)

09:35
06/28/17
06/28
09:35
06/28/17
09:35
Hot Stocks
Sky Solar engages lawyers to investigate conduct of former CEO »

Sky Solar Holdings…

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  • 27

    Jul

ADMS

Adamas Pharmaceuticals

$16.88

-0.51 (-2.93%)

09:35
06/28/17
06/28
09:35
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09:35
Hot Stocks
Adamas Pharmaceuticals appoints Alfred Merriweather as CFO »

Adamas Pharmaceuticals…

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  • 24

    Aug

UMC

UMC

09:35
06/28/17
06/28
09:35
06/28/17
09:35
Upgrade
UMC rating change  »

UMC upgraded to Buy from…

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09:35
06/28/17
06/28
09:35
06/28/17
09:35
General news
U.S. NAR pending home sales preview: »

U.S. NAR pending home…

QCOM

Qualcomm

$55.43

-1.13 (-2.00%)

, NXPI

NXP Semiconductors

$109.52

-0.21 (-0.19%)

09:33
06/28/17
06/28
09:33
06/28/17
09:33
Recommendations
Qualcomm, NXP Semiconductors analyst commentary  »

Qualcomm could raise…

QCOM

Qualcomm

$55.43

-1.13 (-2.00%)

NXPI

NXP Semiconductors

$109.52

-0.21 (-0.19%)

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CBI

CB&I

09:33
06/28/17
06/28
09:33
06/28/17
09:33
Upgrade
CB&I rating change  »

CB&I upgraded to…

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AAP

Advance Auto Parts

09:33
06/28/17
06/28
09:33
06/28/17
09:33
Downgrade
Advance Auto Parts rating change  »

Advance Auto Parts…

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ACN

Accenture

09:32
06/28/17
06/28
09:32
06/28/17
09:32
Hot Stocks
Accenture acquires Intrepid, terms not disclosed »

Accenture has acquired…

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TM

Toyota

09:31
06/28/17
06/28
09:31
06/28/17
09:31
Downgrade
Toyota rating change  »

Toyota downgraded to…

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