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JPM

JPMorgan

$86.18

0.06 (0.07%)

, C

Citi

$60.22

-0.33 (-0.55%)

07:48
01/10/17
01/10
07:48
01/10/17
07:48

Justice Department to charge FX 'Cartel' traders, Bloomberg reports

The Justice Department is poised to file charges against members of "The Cartel," according to Bloomberg, citing people familiar with the matter. These currency traders are said to have used instant messages to coordinate the rigging of foreign-exchange benchmarks by sharing confidential customer information, the publication noted. The senior dealers who participated in The Cartel were Richard Usher, formerly of JPMorgan (JPM), Rohan Ramchandani, formerly of Citigroup (C) and Chris Ashton, formerly of Barclays (BCS), the report said, adding that Matt Gardiner, another member and formerly of UBS (UBS), has been helping prosecutors build cases against the traders. Reference Link

JPM

JPMorgan

$86.18

0.06 (0.07%)

C

Citi

$60.22

-0.33 (-0.55%)

BCS

Barclays

$11.33

-0.21 (-1.82%)

UBS

UBS

$16.46

-0.32 (-1.91%)

  • 12

    Jan

  • 13

    Jan

  • 26

    Jan

  • 16

    Feb

  • 28

    Feb

  • 14

    Jul

  • 12

    Oct

JPM JPMorgan
$86.18

0.06 (0.07%)

12/12/16
OPCO
12/12/16
NO CHANGE
OPCO
Outperform
Opco says 'let the bet ride' on bank stocks, ups price targets
Oppenheimer analyst Chris Kotowski says that while "one cannot remain as bullish on the group as when the stocks were cheap," investors should "let the bet ride" on bank stocks. The analyst maintains a "somewhat overweight stance" on the space, but points out the shares are getting more fully valued. Kotowski's favorite names remain Bank of America (BAC), Citi (C), CIT Group (CIT) and Goldman Sachs (GS). He raised his price target for Bank of America to $25 from $19, for Citi to $72 from $65 and for Goldman to $252 from $228.
11/11/16
RBCM
11/11/16
NO CHANGE
RBCM
Banks to benefit from higher interest rates, says RBC Capital
RBC Capital believes that the Fed is committed to raising interest rates, and it expects FOMC members' forecast to show they expect two rate increases to occur in 2017. The firm expects higher rates to boost banks' net interest margin, raising their profits. It identifies Bank of America (BAC), JPMorgan (JPM), Citizens Financial (CFG),M&T Bank (MTB), and Regions Financial (RF) as being among the banks most likely to benefit from short-term rate increases.
12/05/16
BARD
12/05/16
NO CHANGE
BARD
Baird suggests booking banking stock gains at current levels
Baird is telling investors to book banking stock gains at current levels as the shares are already discounting significant fundamental improvement in 2017 and 2018. The firm has raised estimates on its banking coverage to reflect benefits from rate increases and sees slight upside if corporate tax rates are lowered, but they remain skeptical the economy can absorb significant Fed tightening without slowing.
11/18/16
11/18/16
INITIATION
Target $65

Underweight
American Express initiated with an Underweight at Stephens
As previously reported, Stephens analyst started American Express (AXP) with an Underweight rating and $65 price target, citing rising rates, shrinking markets as American Express ramps up rewards to maintain share, and the risk to 2017 EPS guidance. The analyst expects competition from bank peers, such as JPMorgan (JPM) and Citi (C), to continue to pressure American Express' earnings.
C Citi
$60.22

-0.33 (-0.55%)

01/09/17
MSCO
01/09/17
NO CHANGE
MSCO
Citi is a Q4 Top Pick at Morgan Stanley
Morgan Stanley analyst Betsy Graseck named Citi as its Large Cap Bank Top Pick into Q4 given stronger FICC and lower expenses. Graseck rates Citi an Overweight with a $70 price target.
12/21/16
ATLE
12/21/16
UPGRADE
Target $70
ATLE
Overweight
Citi upgraded to Overweight on lower domestic taxes at Atlantic Equities
As previously reported, Atlantic Equities upgraded Citi to Overweight from Neutral with a $70 price target. Analyst Christopher Wheeler said Citi shares have lagged its peer group since the election due to lower relative domestic earnings but said the company will also benefit from lower domestic tax rates and expects shares to "catch up" in 2017.
12/21/16
12/21/16
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Sunoco (SUN) upgraded to Outperform from Neutral at Credit Suisse with analyst John Edwards saying valuation is "underappreciated" and said a dividend cut is unlikely given options available for Sunoco and Energy Transfer Equity (ETE) to execute before reducing payouts. 2. BP (BP) and Statoil (STO) were upgraded to Buy from Neutral at UBS. 3. Citi (C) and Bank of America (BAC) were upgraded to Overweight from Neutral at Atlantic Equities while Morgan Stanley (MS) was upgraded to Neutral from Underweight. 4. Air Products (APD) upgraded to Buy from Neutral at Monness Crespi with the firm saying it thinks that Air Products will benefit from consolidation in the industry. It says that Air Products' balance sheet will enable it to "easily bid on and win new projects" and exploit divestitures in the sector. 5. Monster Beverage (MNST) upgraded to Buy from Hold at Jefferies with analyst Kevin Grundy calling the stock his top large cap growth pick in Consumer Products. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
12/21/16
ATLE
12/21/16
UPGRADE
ATLE
Overweight
Citi upgraded to Overweight from Neutral at Atlantic Equities
BCS Barclays
$11.33

-0.21 (-1.82%)

12/13/16
EXAN
12/13/16
DOWNGRADE
EXAN
Neutral
Barclays downgraded to Neutral from Outperform at Exane BNP Paribas
12/09/16
BOFA
12/09/16
DOWNGRADE
BOFA
Underperform
Barclays downgraded to Underperform from Neutral at BofA/Merrill
01/09/17
DBAB
01/09/17
UPGRADE
DBAB
Buy
Barclays upgraded to Buy from Hold at Deutsche Bank
Deutsche Bank upgraded Barclays to Buy and raised its price target for the shares to 270p from 198p.
12/08/16
JEFF
12/08/16
UPGRADE
JEFF
Hold
Barclays upgraded to Hold from Underperform at Jefferies
Jefferies analyst Joseph Dickerson upgraded Barclays to Hold saying the bank's revenue outlook is improving amid better fixed income trading and performance in the consumer and U.K. banking units. The analyst views the shares as fairly valued and raised his price target to 222p from 115p.
UBS UBS
$16.46

-0.32 (-1.91%)

11/10/16
KBWI
11/10/16
UPGRADE
KBWI
Outperform
UBS upgraded to Outperform from Underperform at Keefe Bruyette
Keefe Bruyette analyst George Karamanos double upgraded UBS to Outperform from Underperform and raised his price target for the shares to CHF 16 from CHF 14.
01/06/17
01/06/17
UPGRADE
Target $67

Outperform
Luxoft upgraded to Outperform at Wedbush
As previously reported, Wedbush analyst Moshe Katri upgraded Luxoft (LXFT) to Outperform from Neutral to reflect not only an improving spending outlook for the Financial Services sector, but also spending improvements at UBS (UBS) and Deutsche Bank (DB), which collectively account for roughly 43% of the company's revenue base. He also raised his price target on the shares to $67 from $62.
12/12/16
JPMS
12/12/16
UPGRADE
JPMS
Neutral
UBS upgraded to Neutral from Underweight at JPMorgan
JPMorgan analyst Kian Abouhossein upgraded UBS to Neutral saying his firm is ending its two year cautious European Banks stance. The analyst raised his price target for UBS shares to CHF 17 from CHF 15.
12/06/16
MSCO
12/06/16
UPGRADE
MSCO
Overweight
UBS upgraded to Overweight from Equal Weight at Morgan Stanley
Morgan Stanley analyst Magdalena Stoklosa upgraded UBS to Overweight with a CHF 20 price target.

TODAY'S FREE FLY STORIES

AVGO

Broadcom

$220.04

-1.27 (-0.57%)

16:24
03/30/17
03/30
16:24
03/30/17
16:24
Initiation
Broadcom initiated  »

Broadcom initiated with…

03/08/13
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03/08/13
Credit Suisse
03/06/13
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03/06/13
Barclays

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  • 06

    Apr

MXIM

Maxim Integrated

$44.92

0.15 (0.34%)

16:23
03/30/17
03/30
16:23
03/30/17
16:23
Initiation
Maxim Integrated initiated  »

Maxim Integrated…

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Wedge Partners
03/08/13
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03/06/13
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03/06/13
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INTC

Intel

$35.75

0.18 (0.51%)

16:23
03/30/17
03/30
16:23
03/30/17
16:23
Initiation
Intel initiated  »

Intel initiated with an…

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
Barclays

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  • 04

    Apr

  • 05

    Apr

  • 27

    Apr

  • 02

    May

DRIO

DarioHealth

$3.90

-0.0899 (-2.25%)

16:21
03/30/17
03/30
16:21
03/30/17
16:21
Syndicate
DarioHealth announces offering of common stock, no amount given »

Aegis Capital Corp. is…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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VIX

Volatility Index S&P 500 Options

$11.61

0.19 (1.66%)

16:21
03/30/17
03/30
16:21
03/30/17
16:21
Options
Closing CBOE SPX and VIX Index summary for March 30th »

The CBOE Volatility Index…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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MU

Micron

$28.97

0.47 (1.65%)

16:21
03/30/17
03/30
16:21
03/30/17
16:21
Initiation
Micron initiated  »

Micron initiated with an…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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  • 06

    Apr

MULE

MuleSoft

$23.71

-0.09 (-0.38%)

16:20
03/30/17
03/30
16:20
03/30/17
16:20
Hot Stocks
Breaking Hot Stocks news story on MuleSoft »

Bain Capital reports…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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UCP

UCP, Inc.

$10.20

0.15 (1.49%)

, PICO

PICO Holdings

$13.90

-0.2 (-1.42%)

16:20
03/30/17
03/30
16:20
03/30/17
16:20
Hot Stocks
UCP, PICO Holdings announce several governance agreements »

UCP (UCP) together with…

UCP

UCP, Inc.

$10.20

0.15 (1.49%)

PICO

PICO Holdings

$13.90

-0.2 (-1.42%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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  • 04

    May

AEHR

Aehr Test Systems

$5.41

0.18 (3.44%)

16:18
03/30/17
03/30
16:18
03/30/17
16:18
Hot Stocks
Aehr Test Systems CEO says Q3 revenue lower than expected on timing »

Gayn Erickson, President…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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  • 30

    Mar

HIIQ

Health Insurance Innovations

$15.95

0.9 (5.98%)

16:18
03/30/17
03/30
16:18
03/30/17
16:18
Initiation
Health Insurance Innovations initiated  »

Health Insurance…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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LGF.A

Lionsgate

$26.59

-0.04 (-0.15%)

, LGF.B

Lionsgate

$24.53

-0.1 (-0.41%)

16:18
03/30/17
03/30
16:18
03/30/17
16:18
Initiation
Lionsgate, Lionsgate initiated  »

Lionsgate initiated with…

LGF.A

Lionsgate

$26.59

-0.04 (-0.15%)

LGF.B

Lionsgate

$24.53

-0.1 (-0.41%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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  • 19

    Apr

VJET

voxeljet

$2.85

0.03 (1.06%)

16:18
03/30/17
03/30
16:18
03/30/17
16:18
Earnings
voxeljet backs FY17 revenue view EUR26M-EUR28M »

Backs FY17 gross margin…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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VJET

voxeljet

$2.85

0.03 (1.06%)

16:17
03/30/17
03/30
16:17
03/30/17
16:17
Earnings
Breaking Earnings news story on voxeljet »

voxeljet sees Q1 revenue…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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TSS

TSYS

$53.26

0.25 (0.47%)

16:17
03/30/17
03/30
16:17
03/30/17
16:17
Initiation
TSYS initiated  »

TSYS initiated with a Buy…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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  • 25

    Apr

GOOG

Alphabet

$831.50

0.09 (0.01%)

16:17
03/30/17
03/30
16:17
03/30/17
16:17
Initiation
Alphabet initiated  »

Alphabet initiated with a…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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  • 02

    May

  • 22

    May

$NSD

NASDAQ Market Internals

16:17
03/30/17
03/30
16:17
03/30/17
16:17
Technical Analysis
NASDAQ market internals summary »

Volume was average for…

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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NFX

Newfield Exploration

$36.71

0.41 (1.13%)

16:16
03/30/17
03/30
16:16
03/30/17
16:16
Hot Stocks
Newfield Exploration to build new water recycling facility in Oklahoma »

Newfield Exploration has…

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
Barclays

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  • 03

    May

FIS

FIS

$80.06

0.03 (0.04%)

16:16
03/30/17
03/30
16:16
03/30/17
16:16
Initiation
FIS initiated  »

FIS initiated with a…

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
Barclays

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VJET

voxeljet

$2.85

0.03 (1.06%)

16:16
03/30/17
03/30
16:16
03/30/17
16:16
Earnings
voxeljet reports Q4 EPS (EUR0.80) vs (EUR0.65) last year »

Reports Q4 revenue…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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AEHR

Aehr Test Systems

$5.41

0.18 (3.44%)

16:16
03/30/17
03/30
16:16
03/30/17
16:16
Earnings
Aehr Test Systems reports Q3 (14c) vs. (21c) in Q316 »

Reports Q3 net sales were…

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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  • 30

    Mar

HQY

HealthEquity

$40.84

0.81 (2.02%)

16:16
03/30/17
03/30
16:16
03/30/17
16:16
Initiation
HealthEquity initiated  »

HealthEquity initiated…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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$NYE

NYSE Market Internals

16:16
03/30/17
03/30
16:16
03/30/17
16:16
Technical Analysis
NYSE market internals summary »

Volume was below average…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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16:15
03/30/17
03/30
16:15
03/30/17
16:15
General news
Breaking General news story  »

Week of 3/29 Fed Balance…

16:15
03/30/17
03/30
16:15
03/30/17
16:15
General news
Breaking General news story  »

New York Federal Reserve…

16:15
03/30/17
03/30
16:15
03/30/17
16:15
General news
Breaking General news story  »

Week of 3/20 Money Supply…

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