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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

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    Jan

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    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

02:40
01/18/17
01/18
02:40
01/18/17
02:40
General news
FX Update: The dollar recouped some of yesterday's lost ground »

FX Update: The dollar…

C

Citi

$58.38

-1.25 (-2.10%)

, GS

Goldman Sachs

$235.74

-8.56 (-3.50%)

20:25
01/17/17
01/17
20:25
01/17/17
20:25
Earnings
Notable companies reporting before tomorrow's open »

Notable companies…

C

Citi

$58.38

-1.25 (-2.10%)

GS

Goldman Sachs

$235.74

-8.56 (-3.50%)

USB

U.S. Bancorp

$50.31

-1.38 (-2.67%)

AMTD

TD Ameritrade

$45.87

-0.99 (-2.11%)

NTRS

Northern Trust

$88.15

-2.04 (-2.26%)

FAST

Fastenal

$48.26

0.205 (0.43%)

CBSH

Commerce Bancshares

$55.90

-2.02 (-3.49%)

03/08/13
Wedge Partners
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  • 18

    Jan

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    Jan

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    Jan

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    Jan

  • 25

    Jan

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    Jan

  • 15

    Mar

TOSBF

Toshiba, also use TOSYY

$2.60

0.094709 (3.77%)

, TOSYY

Toshiba, also use TOSBF

$15.35

0.37 (2.47%)

20:05
01/17/17
01/17
20:05
01/17/17
20:05
Periodicals
Toshiba says considers spinoff of memory chip unit, Bloomberg reports »

Toshiba (TOSBF) is…

TOSBF

Toshiba, also use TOSYY

$2.60

0.094709 (3.77%)

TOSYY

Toshiba, also use TOSBF

$15.35

0.37 (2.47%)

WDC

Western Digital

$71.62

0.62 (0.87%)

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

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  • 25

    Jan

TM

Toyota

$118.41

-1.4 (-1.17%)

, AIQUY

Air Liquide

$21.97

-0.245 (-1.10%)

19:56
01/17/17
01/17
19:56
01/17/17
19:56
Hot Stocks
Thirteen energy, transport, industrial companies launch 'Hydrogen Council' »

Toyota (TM) announced…

TM

Toyota

$118.41

-1.4 (-1.17%)

AIQUY

Air Liquide

$21.97

-0.245 (-1.10%)

ALSMY

Alstom

NGLOY

Anglo American

$8.14

0.1 (1.24%)

BAMXY

BMW Group

DDAIF

Daimler AG

$75.35

-0.24 (-0.32%)

HMC

Honda

$29.66

-0.42 (-1.40%)

HYMLF

Hyundai Motor Co

RDS.A

Royal Dutch Shell

$55.54

0.06 (0.11%)

RDS.B

Royal Dutch Shell

$58.91

0.24 (0.41%)

LNAGF

Linde AG

$161.90

-0.15 (-0.09%)

TOT

Total

$51.51

-0.08 (-0.16%)

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

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  • 02

    Feb

NYT

New York Times

$13.50

-0.1 (-0.74%)

19:30
01/17/17
01/17
19:30
01/17/17
19:30
Hot Stocks
New York Times releases internal report on newsroom strategy »

The New York Times has…

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

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ENRJ

EnerJex Resources

19:19
01/17/17
01/17
19:19
01/17/17
19:19
Hot Stocks
EnerJex announces NYSE acceptance of plan to meet listing standards »

EnerJex Resources…

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

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GS

Goldman Sachs

$235.74

-8.56 (-3.50%)

19:19
01/17/17
01/17
19:19
01/17/17
19:19
Periodicals
Goldman Sachs compliance chief to step down, Reuters says »

Goldman Sachs compliance…

03/08/13
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03/06/13
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03/06/13
Barclays

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TWTR

Twitter

$16.96

-0.29 (-1.68%)

19:13
01/17/17
01/17
19:13
01/17/17
19:13
Periodicals
Twitter phases out 'buy' button, TechCrunch says »

Twitter appears to be…

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

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  • 28

    Feb

HSBC

HSBC

$41.18

0.02 (0.05%)

19:04
01/17/17
01/17
19:04
01/17/17
19:04
Periodicals
HSBC CEO: Trading ops generating 20% of London revenue may move, Bloomberg says »

HSBC CEO Stuart Gulliver…

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

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HSBC

HSBC

$41.18

0.02 (0.05%)

19:02
01/17/17
01/17
19:02
01/17/17
19:02
Periodicals
HSBC CEO: 10% RoE may be new goal, Bloomberg says »

HSBC CEO Stuart Gulliver…

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

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CWT

California Water Service

$33.05

0.05 (0.15%)

19:01
01/17/17
01/17
19:01
01/17/17
19:01
Initiation
California Water Service initiated  »

California Water Service…

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

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AWK

American Water

$72.07

1.25 (1.77%)

19:01
01/17/17
01/17
19:01
01/17/17
19:01
Initiation
American Water initiated  »

American Water initiated…

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

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TOSBF

Toshiba, also use TOSYY

$2.60

0.094709 (3.77%)

, TOSYY

Toshiba, also use TOSBF

$15.35

0.37 (2.47%)

18:59
01/17/17
01/17
18:59
01/17/17
18:59
Periodicals
Toshiba: Considering spinning off chip unit, Bloomberg reports »

Responding to a Nikkei…

TOSBF

Toshiba, also use TOSYY

$2.60

0.094709 (3.77%)

TOSYY

Toshiba, also use TOSBF

$15.35

0.37 (2.47%)

WDC

Western Digital

$71.62

0.62 (0.87%)

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

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  • 25

    Jan

KSU

Kansas City Southern

18:57
01/17/17
01/17
18:57
01/17/17
18:57
Initiation
Kansas City Southern initiated  »

Kansas City Southern…

03/08/13
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03/08/13
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03/06/13
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03/06/13
Barclays

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  • 20

    Jan

NSC

Norfolk Southern

$108.90

-2.69 (-2.41%)

18:57
01/17/17
01/17
18:57
01/17/17
18:57
Initiation
Norfolk Southern initiated  »

Norfolk Southern…

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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  • 25

    Jan

UNP

Union Pacific

$103.37

-1.88 (-1.79%)

18:57
01/17/17
01/17
18:57
01/17/17
18:57
Initiation
Union Pacific initiated  »

Union Pacific initiated…

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 19

    Jan

  • 09

    May

AZO

AutoZone

$782.29

2.48 (0.32%)

18:54
01/17/17
01/17
18:54
01/17/17
18:54
Initiation
AutoZone initiated  »

AutoZone initiated with a…

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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ORLY

O'Reilly Automotive

$278.76

-0.39 (-0.14%)

18:54
01/17/17
01/17
18:54
01/17/17
18:54
Initiation
O'Reilly Automotive initiated  »

O'Reilly Automotive…

03/08/13
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03/08/13
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03/06/13
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  • 08

    Feb

AAP

Advance Auto Parts

$173.00

-1.79 (-1.02%)

18:54
01/17/17
01/17
18:54
01/17/17
18:54
Initiation
Advance Auto Parts initiated  »

Advance Auto Parts…

03/08/13
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03/08/13
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03/06/13
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ESTE

Earthstone Energy

$13.40

-0.18 (-1.33%)

18:51
01/17/17
01/17
18:51
01/17/17
18:51
Initiation
Earthstone Energy initiated  »

Earthstone Energy…

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

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MCK

McKesson

$148.43

1.25 (0.85%)

18:41
01/17/17
01/17
18:41
01/17/17
18:41
Upgrade
McKesson rating change  »

McKesson upgraded to…

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

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  • 25

    Jan

NRG

NRG Energy

$15.34

0.74 (5.07%)

18:38
01/17/17
01/17
18:38
01/17/17
18:38
Hot Stocks
NRG Energy says 'looks forward to an open dialogue with Elliott and Bluescape' »

NRG Energy received a…

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03/06/13
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03/06/13
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  • 28

    Feb

LMCA

Liberty Media

$28.71

-1.53 (-5.06%)

, LMCK

Liberty Media

$28.72

-1.54 (-5.09%)

18:22
01/17/17
01/17
18:22
01/17/17
18:22
Hot Stocks
Liberty Media holders approve proposals relating to acquisition of Formula 1 »

Liberty Media announced…

LMCA

Liberty Media

$28.71

-1.53 (-5.06%)

LMCK

Liberty Media

$28.72

-1.54 (-5.09%)

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

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  • 17

    Jan

  • 17

    Jan

AUY

Yamana Gold

$3.26

0.09 (2.84%)

18:17
01/17/17
01/17
18:17
01/17/17
18:17
Hot Stocks
Yamana Gold announces resumption of operations at El Penon Mine in Chile »

Yamana Gold announced…

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

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CCJ

Cameco

$13.27

-0.02 (-0.15%)

18:14
01/17/17
01/17
18:14
01/17/17
18:14
Hot Stocks
Cameco down 9.5% after announcing FY16 results will be lower than expected »

In after-hours trading,…

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03/06/13
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03/06/13
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