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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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    Nov

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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

UN

Unilever; also tag UL

$56.76

0.24 (0.42%)

, UL

Unilever; also tag UN

$55.87

0.14 (0.25%)

06:11
01/19/18
01/19
06:11
01/19/18
06:11
Periodicals
Unilever recently decided against $2B purchase of Halo Top, NY Post reports »

Unilever recently backed…

UN

Unilever; also tag UL

$56.76

0.24 (0.42%)

UL

Unilever; also tag UN

$55.87

0.14 (0.25%)

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    Jan

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AXP

American Express

$99.86

-0.9 (-0.89%)

06:10
01/19/18
01/19
06:10
01/19/18
06:10
Recommendations
American Express analyst commentary  »

Piper expects modest…

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AMZN

Amazon.com

$1,293.32

-1.68 (-0.13%)

06:09
01/19/18
01/19
06:09
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06:09
Periodicals
Amazon's review of Toronto could raise tension with Trump, Reuters reports »

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AMZN

Amazon.com

$1,293.32

-1.68 (-0.13%)

06:07
01/19/18
01/19
06:07
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06:07
Recommendations
Amazon.com analyst commentary  »

Amazon.com search index…

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HSBC

HSBC

$55.39

-0.23 (-0.41%)

06:06
01/19/18
01/19
06:06
01/19/18
06:06
Hot Stocks
HSBC agrees to pay more than $100M to resolve fraud charges »

HSBC Holdings has entered…

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TEAM

Atlassian

$55.60

0.73 (1.33%)

06:03
01/19/18
01/19
06:03
01/19/18
06:03
Recommendations
Atlassian analyst commentary  »

Atlassian price target…

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  • 26

    Feb

STI

SunTrust

$67.94

-0.41 (-0.60%)

06:03
01/19/18
01/19
06:03
01/19/18
06:03
Earnings
SunTrust reports Q4 EPS with items $1.48, consensus $1.05 »

Reports Q4 revenue…

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  • 19

    Jan

RF

Regions Financial

$18.15

-0.21 (-1.14%)

06:02
01/19/18
01/19
06:02
01/19/18
06:02
Hot Stocks
Breaking Hot Stocks news story on Regions Financial »

Regions Financial reports…

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  • 19

    Jan

RF

Regions Financial

$18.15

-0.21 (-1.14%)

06:02
01/19/18
01/19
06:02
01/19/18
06:02
Hot Stocks
Regions Financial reports Q4 net interest margin 3.32% »

Up 18 basis points, and…

03/08/13
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  • 19

    Jan

RF

Regions Financial

$18.15

-0.21 (-1.14%)

06:00
01/19/18
01/19
06:00
01/19/18
06:00
Earnings
Regions Financial reports Q4 cont ops EPS 27c, consensus 26c »

Reports Q4 revenue…

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  • 19

    Jan

MWA

Mueller Water

$12.28

-0.06 (-0.49%)

05:59
01/19/18
01/19
05:59
01/19/18
05:59
Downgrade
Mueller Water rating change  »

Cowen downgrades Mueller…

03/08/13
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  • 02

    Feb

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    Feb

OBLN

Obalon Therapeutics

$6.14

-0.725 (-10.56%)

05:57
01/19/18
01/19
05:57
01/19/18
05:57
Syndicate
Obalon Therapeutics 5.455M share Secondary priced at $5.50 »

UBS, Canaccord and Stifel…

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  • 26

    Feb

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GDEN

Golden Entertainment

$28.21

-0.6 (-2.08%)

05:56
01/19/18
01/19
05:56
01/19/18
05:56
Syndicate
Golden Entertainment 6.5M share Secondary priced at $28.00 »

JPMorgan and Morgan…

03/08/13
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  • 19

    Jan

AGIO

Agios Pharmaceuticals

$68.15

-2.18 (-3.10%)

05:56
01/19/18
01/19
05:56
01/19/18
05:56
Syndicate
Agios Pharmaceuticals 7.09M share Secondary priced at $67.00 »

The deal size was…

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  • 26

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AAPL

Apple

$179.26

0.16 (0.09%)

05:55
01/19/18
01/19
05:55
01/19/18
05:55
Periodicals
S. Korean consumer group files criminal complaint against Apple CEO, CNBC says »

South Korean consumer…

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  • 01

    Feb

AVT

Avnet

$41.32

-0.33 (-0.79%)

05:54
01/19/18
01/19
05:54
01/19/18
05:54
Upgrade
Avnet rating change  »

Avnet upgraded to Buy…

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  • 25

    Jan

FCAU

Fiat Chrysler

$23.40

0.28 (1.21%)

05:54
01/19/18
01/19
05:54
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05:54
Upgrade
Fiat Chrysler rating change  »

Fiat Chrysler upgraded to…

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DANOY

Danone

$17.06

0.085 (0.50%)

05:54
01/19/18
01/19
05:54
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05:54
Upgrade
Danone rating change  »

Danone upgraded to…

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WNS

WNS Holdings

$45.28

2.31 (5.38%)

05:53
01/19/18
01/19
05:53
01/19/18
05:53
Downgrade
WNS Holdings rating change  »

WNS Holdings downgraded…

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BK

BNY Mellon

$55.35

-2.54 (-4.39%)

05:53
01/19/18
01/19
05:53
01/19/18
05:53
Upgrade
BNY Mellon rating change  »

BNY Mellon upgraded to…

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  • 08

    Mar

CRBP

Corbus Pharmaceuticals

$7.95

-0.25 (-3.05%)

05:52
01/19/18
01/19
05:52
01/19/18
05:52
Initiation
Corbus Pharmaceuticals initiated  »

Corbus Pharmaceuticals…

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ESS

Essex Property Trust

$224.60

-2.76 (-1.21%)

05:49
01/19/18
01/19
05:49
01/19/18
05:49
Downgrade
Essex Property Trust rating change  »

Essex Property Trust…

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  • 08

    Feb

GPN

Global Payments

, FDC

First Data

$17.56

-0.04 (-0.23%)

05:48
01/19/18
01/19
05:48
01/19/18
05:48
Recommendations
Global Payments, First Data, Worldpay analyst commentary  »

Global Payments price…

GPN

Global Payments

FDC

First Data

$17.56

-0.04 (-0.23%)

WP

Worldpay

$79.08

1.19 (1.53%)

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

    Feb

  • 01

    Mar

MWA

Mueller Water

$12.28

-0.06 (-0.49%)

05:48
01/19/18
01/19
05:48
01/19/18
05:48
Downgrade
Mueller Water rating change  »

Mueller Water downgraded…

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  • 02

    Feb

  • 22

    Feb

CUB

Cubic

$59.95

-0.8 (-1.32%)

05:48
01/19/18
01/19
05:48
01/19/18
05:48
Downgrade
Cubic rating change  »

Cubic downgraded to…

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  • 14

    Jun

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