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LYG

Lloyds Banking

$2.83

-0.01 (-0.35%)

, BAC

Bank of America

$16.16

0.05 (0.31%)

13:21
10/06/16
10/06
13:21
10/06/16
13:21

Lloyds weighs taking Bank of America's PPI hit in MBNA bid, Bloomberg reports

Lloyds Banking Group (LYG) is weighing taking on Bank of America's (BAC) liabilities in the U.K. payment protection-insurance scandal as it seeks to beat private-equity firms in the bidding for the MBNA credit-card business, Bloomberg reports, citing people with knowledge of the matter. The U.K.'s biggest mortgage lender is vying with firms such as Cerberus Capital and Advent International for Bank of America's MBNA card operations in the U.K., which has roughly $8.5B of assets, the report says. Barclays (BCS) is no longer interested in the MBNA assets due to antitrust worries, the report says. While Lloyds is trying to negotiate protection from BofA against future PPI redress, the U.S. lender has told suitors that it wants a clean break from the scandal and won't indemnify them against possible future charges, the report notes. Reference Link

LYG

Lloyds Banking

$2.83

-0.01 (-0.35%)

BAC

Bank of America

$16.16

0.05 (0.31%)

BCS

Barclays

$8.85

0.045 (0.51%)

  • 23

    Oct

LYG Lloyds Banking
$2.83

-0.01 (-0.35%)

09/26/16
GSCO
09/26/16
DOWNGRADE
GSCO
Sell
Lloyds Banking downgraded to Sell from Neutral at Goldman
07/26/16
BREN
07/26/16
UPGRADE
BREN
Hold
Lloyds Banking upgraded to Hold from Sell at Berenberg
09/26/16
GSCO
09/26/16
DOWNGRADE
GSCO
Sell
Lloyds Banking downgraded to Sell from Neutral at Goldman
Goldman Sachs downgraded Lloyds Banking to Sell saying the current valuation does not price in future margin headwinds.
09/05/16
DBAB
09/05/16
DOWNGRADE
DBAB
Hold
Lloyds Banking downgraded to Hold from Buy at Deutsche Bank
Deutsche Bank analyst David Lock downgraded Lloyds Banking Group to Hold saying the "lower-for-longer" interest rate environment following the Brexit vote is a negative for the sector. Lock also downgraded RBS (RBS) this morning to Sell.
BAC Bank of America
$16.16

0.05 (0.31%)

09/16/16
GSCO
09/16/16
NO CHANGE
Target $19
GSCO
Conviction Sell
Bank of America operating leverage hitting an inflection, says Goldman
Goldman analyst Richard Ramsden believes Bank of America is hitting an inflection point in operating leverage driven by low single digit growth, stable credit, and absolute reductions in the expense base. The analyst believes topline growth will reach approximately 4% annually through to 2018, driven by consumer bank and wealth management initiatives. Ramsden reiterates his Conviction Buy rating on Bank of American and raised his price target to $19 from $17 given the combination of revenue growth and expense discipline.
09/13/16
SOCG
09/13/16
DOWNGRADE
SOCG
Hold
Bank of America downgraded to Hold from Buy at Societe Generale
08/25/16
GSCO
08/25/16
NO CHANGE
Target $17
GSCO
Buy
Bank of America at an inflection point, says Goldman
Goldman analyst Richard Ramsden believes Bank of America's operating leverage is at an inflection point as revenue growth and cost reductions from back office rationalization take effect. Ramsden met with CEO Moynihan and said he believes the company can grow core loans, without compromising credit quality, at mid-single digit rates, and expects the fee-based businesses to benefit from growth in checking accounts, mortgage activity, and market share gains. Ramsden believes Bank of America can achieve 10% ROTCE and views valuation as compelling. He rates shares a Buy with a $17 price target.
09/13/16
SOCG
09/13/16
DOWNGRADE
Target $42
SOCG
Sell
Societe Generale cuts Citi to Sell, Bank of America to Hold
Societe Generale downgraded Citi (C) to Sell from Hold and Bank of America (BAC) to Hold from Buy. The firm has a $42 price target for shares of Citi and attributes an increased negative stance on Cards for the downgrade. Societe Generale has a $17 price target for Bank of America and cites revenue growth for the downgrade to Hold. Citi is trading down 86c to $46.93 and Bank of America is trading down 19c to $15.71.
BCS Barclays
$8.85

0.045 (0.51%)

09/21/16
09/21/16
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. Monsanto (MON) upgraded to Overweight from Neutral at JPMorgan with analyst Jeffrey Zekauskas saying the risk in the shares is "less than what the market assumes." 2. Barclays (BCS) upgraded to Buy from Hold at HSBC citing the pending disposal of non-core businesses and resulting value creation. 3. Etsy (ETSY) upgraded to Buy from Neutral at Monness Crespi with the firm's analyst believing that Etsy shares can still move higher and sees a solid opportunity for upward revisions from improving conversion rates due to enhanced search and mobile functionality, expanding take rates, and advanced cross-boarder commerce capabilities with vendors. 4. Clovis (CLVS) upgraded to Outperform from Neutral at Credit Suisse with analyst Kennen MacKay saying the potential for a takeover "outweighs concerns surrounding patent life, limited experience in platinum resistant/refractory patients, and PARPi competition." 5. Jabil Circuit (JBL) upgraded to Buy from Neutral at UBS with analyst Steven Milunovich saying the company's cash flow is nearing an inflection amid an upturn in its Apple (AAPL) business. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/21/16
HSBC
09/21/16
UPGRADE
HSBC
Buy
Barclays upgraded to Buy from Hold at HSBC
HSBC upgraded Barclays to Buy to reflect the pending disposal of non-core businesses and resulting value creation.
07/20/16
UBSW
07/20/16
DOWNGRADE
UBSW
Neutral
Barclays downgraded to Neutral from Buy at UBS
08/08/16
EXAN
08/08/16
UPGRADE
EXAN
Outperform
Barclays upgraded to Outperform from Neutral at Exane BNP Paribas
Exane BNP Paribas analyst Tom Rayner upgraded Barclays to Outperform with a GBP 205 price target citing valuation.

TODAY'S FREE FLY STORIES

NUGT

Direxion Gold Miners Bull

$34.72

1.73 (5.24%)

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JNUG

Direxion Daily Jr Gld Mnrs Bull 3X Shrs

$18.86

0.82 (4.55%)

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DUST

Direxion Daily Gold Miners Bear 3X ETF

$20.92

-1.1 (-5.00%)

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CEVA

Ceva

$48.35

0.05 (0.10%)

06:58
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06:58
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06:58
Downgrade
Ceva rating change  »

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  • 06

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JDST

Direxion Daily Junior Gold Miners Index Bear 3x Shares

$46.38

-2.19 (-4.51%)

06:58
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Technical Analysis
Daily Junior Gold Miners Index Bear 3x Shares: Pivot points, pivot low broken »

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SGMS

Scientific Games

$54.85

-1 (-1.79%)

06:57
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Earnings
Scientific Games sees Q4 revenue $820M-$825M, consensus $802.58M »

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VXX

iPath S&P 500 VIX Short-Term Futures

$26.69

0.44 (1.68%)

06:57
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iPath S&P 500 VIX Short-Term Futures: Pivot points »

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WTFC

Wintrust Financial

$88.04

0.54 (0.62%)

06:57
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AMD

AMD

$12.94

0.29 (2.29%)

, MU

Micron

$43.95

1.07 (2.50%)

06:56
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Periodicals
AMD taps former Nvidia, Synaptics execs for graphics chip division, VB reports »

Advanced Micro Devices…

AMD

AMD

$12.94

0.29 (2.29%)

MU

Micron

$43.95

1.07 (2.50%)

NVDA

Nvidia

$238.91

5.22 (2.23%)

SYNA

Synaptics

$44.90

-0.45 (-0.99%)

INTC

Intel

$46.06

0.31 (0.68%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 24

    Jan

  • 25

    Jan

  • 30

    Jan

  • 07

    Feb

  • 26

    Mar

XIV

VelocityShares Daily Inverse VIX Short-Term ETN

$141.82

-2.88 (-1.99%)

06:56
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Technical Analysis
VelocityShares Daily Inverse VIX Short-Term ETN: Pivot points »

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TVIX

VelocityShares Daily 2x VIX Short-Term ETN

$5.05

0.17 (3.48%)

06:56
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VelocityShares Daily 2x VIX Short-Term ETN: Pivot points »

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IMMU

Immunomedics

$18.11

0.96 (5.60%)

06:56
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SVXY

ProShares Short VIX Short-Term Futures

$133.48

-2.44 (-1.80%)

06:55
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Technical Analysis
ProShares Short VIX Short-Term Futures: Pivot points »

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USO

United States Oil Fund

$12.97

0.19 (1.49%)

06:55
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Technical Analysis
United States Oil Fund: Pivot points »

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XOP

SPDR Oil Exploration and Production Fund

$39.85

0.16 (0.40%)

06:54
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06:54
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Technical Analysis
SPDR Oil Exploration and Production Fund: Pivot points »

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CWST

Casella Waste

$24.26

0.09 (0.37%)

06:54
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Casella Waste rating change  »

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DGAZ

VelocityShares 3x Inv Natural Gas ETN

$20.44

-2.99 (-12.76%)

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UGAZ

VelocityShares 3x Long Natural Gas ETN

$89.75

10.55 (13.32%)

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EWZ

MSCI Brazil Index

$43.66

-0.97 (-2.17%)

06:52
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EFA

iShares MSCI EAFE Index Fund

$74.75

0.24 (0.32%)

06:51
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Technical Analysis
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USAP

Universal Stainless & Alloy

$22.85

0.44 (1.96%)

06:51
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Earnings
Universal Stainless & Alloy reports Q4 EPS $1.06 with items vs. (22c) a year ago »

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RES

RPC, Inc.

$25.13

-0.28 (-1.10%)

06:50
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RPC, Inc. raises quarterly dividend by 43% to 10c per share »

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BHGE

Baker Hughes

$35.82

0.27 (0.76%)

06:49
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RES

RPC, Inc.

$25.13

-0.28 (-1.10%)

06:49
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Earnings
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PBYI

Puma Biotechnology

$90.90

-3.05 (-3.25%)

06:49
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Downgrade
Puma Biotechnology rating change  »

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