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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%)

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    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

NICE

Nice

$92.63

0.67 (0.73%)

04:56
01/18/18
01/18
04:56
01/18/18
04:56
Upgrade
Nice rating change  »

Nice upgraded to Buy from…

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04:55
01/18/18
01/18
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04:55
General news
Breaking General news story  »

3-Month Bill Announcement…

OKTA

Okta

$26.78

0.43 (1.63%)

04:55
01/18/18
01/18
04:55
01/18/18
04:55
Conference/Events
Okta management to meet with KeyBanc »

Meeting with CEO McKinnon…

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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SSW

Seaspan

$6.99

-0.13 (-1.83%)

04:55
01/18/18
01/18
04:55
01/18/18
04:55
Conference/Events
Seaspan management to meet with Seaport Global »

Meetings to be held in…

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03/06/13
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03/06/13
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  • 18

    Jan

NFLX

Netflix

$217.50

-4.03 (-1.82%)

, AMZN

Amazon.com

$1,295.00

-9.86 (-0.76%)

04:55
01/18/18
01/18
04:55
01/18/18
04:55
Conference/Events
Wedbush digital media analyst hosts a luncheon meeting »

Digital Media Analyst…

NFLX

Netflix

$217.50

-4.03 (-1.82%)

AMZN

Amazon.com

$1,295.00

-9.86 (-0.76%)

GOOG

Alphabet

$1,131.98

10.22 (0.91%)

GOOGL

Alphabet Class A

$1,139.10

8.4 (0.74%)

FB

Facebook

$177.60

-0.79 (-0.44%)

TWX

Time Warner

$92.17

0.26 (0.28%)

DIS

Disney

$111.97

1.28 (1.16%)

FOXA

21st Century Fox

$37.11

0.82 (2.26%)

ROKU

Roku

$41.54

2.35 (6.00%)

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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MVC

MVC Capital

$10.60

-0.12 (-1.12%)

04:55
01/18/18
01/18
04:55
01/18/18
04:55
Conference/Events
MVC Capital management to meet with JMP Securities »

Meeting to be held in New…

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03/06/13
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03/06/13
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  • 18

    Jan

04:55
01/18/18
01/18
04:55
01/18/18
04:55
General news
Breaking General news story  »

6-Month Bill Announcement…

MNST

Monster Beverage

$67.07

2.51 (3.89%)

04:55
01/18/18
01/18
04:55
01/18/18
04:55
Conference/Events
Monster Beverage to host investor meeting »

Investor meeting to be…

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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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  • 18

    Jan

04:55
01/18/18
01/18
04:55
01/18/18
04:55
Conference/Events
RBC Capital telecom services analyst hosts luncheon »

Telecom Services Analyst…

ABM

ABM

$38.73

0.26 (0.68%)

04:55
01/18/18
01/18
04:55
01/18/18
04:55
Conference/Events
ABM to host investor day »

Investor Day to be held…

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03/06/13
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  • 18

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MDXG

MiMedx

$14.09

0.15 (1.08%)

04:55
01/18/18
01/18
04:55
01/18/18
04:55
Conference/Events
MiMedx to hold a conference call »

Chairman & CEO Petit,…

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

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  • 18

    Jan

SITE

SiteOne Landscape

$72.27

1.09 (1.53%)

04:55
01/18/18
01/18
04:55
01/18/18
04:55
Conference/Events
SiteOne Landscape management to meet with William Blair »

Meetings to be held in…

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

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  • 18

    Jan

04:55
01/18/18
01/18
04:55
01/18/18
04:55
General news
Breaking General news story  »

Cleveland Federal Reserve…

04:55
01/18/18
01/18
04:55
01/18/18
04:55
Conference/Events
Bernstein European food analyst holds an analyst/industry conference call »

European Food &…

04:55
01/18/18
01/18
04:55
01/18/18
04:55
Conference/Events
Deutsche Bank to hold a conference »

CEEMEA Conference is…

KEYW

KEYW

$6.51

0.05 (0.77%)

04:55
01/18/18
01/18
04:55
01/18/18
04:55
Conference/Events
KEYW management to meet with RBC Capital »

Meeting to be held in New…

03/08/13
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03/06/13
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03/06/13
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DSW

DSW

$21.07

0.44 (2.13%)

04:55
01/18/18
01/18
04:55
01/18/18
04:55
Conference/Events
DSW management to meet with Jefferies »

Meeting to be held in the…

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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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  • 18

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04:55
01/18/18
01/18
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General news
Breaking General news story  »

Week of 1/12 EIA Natural…

DIS

Disney

$111.97

1.28 (1.16%)

, VIA

Viacom

$37.85

0.95 (2.57%)

04:55
01/18/18
01/18
04:55
01/18/18
04:55
Conference/Events
FBN Securities media analyst to hold an analyst/industry conference call »

Media Analyst Routh,…

DIS

Disney

$111.97

1.28 (1.16%)

VIA

Viacom

$37.85

0.95 (2.57%)

TWX

Time Warner

$92.17

0.26 (0.28%)

CMCSA

Comcast

$41.68

-0.14 (-0.33%)

SPB

Spectrum Brands

$125.16

-0.07 (-0.06%)

DISH

Dish

$45.45

-2.54 (-5.29%)

NFLX

Netflix

$217.50

-4.03 (-1.82%)

AMZN

Amazon.com

$1,295.00

-9.86 (-0.76%)

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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  • 18

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    Jan

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  • 06

    Feb

  • 08

    Feb

  • 08

    Feb

  • 18

    Mar

04:55
01/18/18
01/18
04:55
01/18/18
04:55
General news
Housing Starts Permits to be reported at 08:30 »

December Housing Starts…

AEIS

Advanced Energy

$75.01

3.17 (4.41%)

, TREE

LendingTree

$372.75

12.75 (3.54%)

04:55
01/18/18
01/18
04:55
01/18/18
04:55
Conference/Events
Needham to hold a conference »

Needham Growth Conference…

AEIS

Advanced Energy

$75.01

3.17 (4.41%)

TREE

LendingTree

$372.75

12.75 (3.54%)

RMNI

Rimini Street

$8.54

0.14 (1.67%)

IPGP

IPG Photonics

$260.95

0.66 (0.25%)

A

Agilent

$72.06

0.83 (1.17%)

GSIT

GSI Technology

$8.16

-0.01 (-0.12%)

B

Barnes Group

$67.60

0.28 (0.42%)

NATI

National Instruments

$46.07

1.38 (3.09%)

AIRG

Airgain

$9.31

0.06 (0.65%)

CRAY

Cray

ESIO

Electro Scientific

$22.01

1.91 (9.50%)

TYL

Tyler Technologies

$191.28

1.65 (0.87%)

CRAI

CRA International

$47.90

0.63 (1.33%)

LSCC

Lattice Semiconductor

$6.45

0.23 (3.70%)

HLIT

Harmonic

$4.00

0.1 (2.56%)

IOTS

Adesto Technologies

$6.70

0.25 (3.88%)

RESN

Resonant

$6.99

0.2 (2.95%)

VG

Vonage

$10.96

0.21 (1.95%)

VSH

Vishay

$22.10

0.7 (3.27%)

IMI

Intermolecular

$1.46

0.09 (6.57%)

AQ

Aquantia

$11.22

0.55 (5.15%)

AOSL

Alpha & Omega

$17.65

0.25 (1.44%)

WWE

WWE

$32.82

0.93 (2.92%)

CTS

CTS Corporation

$27.15

0.4 (1.50%)

DIOD

Diodes

$29.57

0.53 (1.83%)

FN

Fabrinet

$29.11

0.24 (0.83%)

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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IZEA

Izea

$4.88

-0.58 (-10.62%)

04:55
01/18/18
01/18
04:55
01/18/18
04:55
Conference/Events
Izea to hold a conference call »

Management discusses the…

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

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  • 18

    Jan

04:55
01/18/18
01/18
04:55
01/18/18
04:55
General news
Breaking General news story  »

Week of 1/14 Bloomberg…

04:55
01/18/18
01/18
04:55
01/18/18
04:55
General news
Breaking General news story  »

Week of 1/8 Money Supply…

04:55
01/18/18
01/18
04:55
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04:55
General news
Breaking General news story  »

Week of 1/17 Fed Balance…

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