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WFC

Wells Fargo

$53.50

1.35 (2.59%)

08:02
04/21/17
04/21
08:02
04/21/17
08:02

Wells Fargo: Settlement now includes accounts as early as May 2002

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WFC Wells Fargo
$53.50

1.35 (2.59%)

04/13/17
NOMU
04/13/17
NO CHANGE
NOMU
'Many think Wells Fargo EPS came in below expectations, says Nomura Instinet
Nomura Instinet analyst Bill Carcache says that "many investors" believe that Wells Fargo's Q1 EPS came in below expectations, given the 3c per share in reserve releases and the 7c per share profit it realized on "market-sensitive revenues" it reported. The analyst says that the "Results were characterized by softer- than-expected top-line growth, higher expenses, and lower provision." He notes that Wells Fargo, like JPMorgan (JPM) and Citi (C), reported slower loan growth. However, he keeps a Buy rating on Wells Fargo.
04/13/17
PIPR
04/13/17
NO CHANGE
PIPR
Neutral
Piper sees Wells Fargo underperforming peers today on 'lower quality' earnings
Piper Jaffray analyst Kevin Barker estimates operating earnings of 98c per share at Wells Fargo (WFC) in Q1 after adjusting for tax and hedging, also noting that its net interest margin was flat despite the increase in rates and that its efficiency ratio jumped "well above" the bank's long-term target. Citing what he views as "lower quality" earnings, Barker expects Wells Fargo shares to underperform peers today. JPMorgan (JPM), Citi (C) and PNC Financial (PNC) all also reported results this morning. Barker keeps a Neutral rating on Wells Fargo shares.
04/12/17
04/12/17
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 Sell from Hold at Rafferty Capital with analyst Richard Bove saying he does not expect bank stocks in general to do well for months and he thinks on Wells specifically that its Directors report indicates that the company is in the midst of a multi-year re-structuring process. Bove lowered his 12-month price target range for Wells Fargo shares to $46-$60 from $52-$68. 2. Tractor Supply (TSCO) was downgraded to Equal Weight from Overweight at Stephens and to Neutral from Overweight at JPMorgan. 3. Avinger (AVGR) downgraded to Perform from Outperform at Oppenheimer with analyst Steven Lichtman downgraded Avinger (AVGR) to Perform from Outperform after its Q1 sales came in below estimates on lower than expected Pantheris utilization and following the company's announcement that it plans to reduce its workforce by 33%, while pursuing strategic alternatives, including a capital raise from strategic investors, OUS partnerships, or a merger/sale. 4. Louisiana-Pacific (LPX) downgraded to Neutral from Buy at Buckingham with the firm citing recent share strength that has made risk/reward more balanced. 5. LVMH (LVMUY) downgraded to Hold from Buy at Societe Generale with analyst Thierry Cota citing a lack of upside following the stock's recent rally. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
04/12/17
04/12/17
DOWNGRADE

Sell
Wells Fargo downgraded to Sell at Rafferty Capital
As previously reported, Rafferty Capital analyst Richard Bove downgraded Wells Fargo to Sell from Hold. Bove does not expect bank stocks in general to do well for months and he thinks on Wells specifically that its Directors report indicates that the company is in the midst of a multi-year re-structuring process. Bove lowered his 12-month price target range for Wells Fargo shares to $46-$60 from $52-$68.

TODAY'S FREE FLY STORIES

MHK

Mohawk

$242.70

-0.22 (-0.09%)

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FBHS

Fortune Brands

$65.09

0.06 (0.09%)

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JELD

JELD-WEN Holding

$34.60

-0.29 (-0.83%)

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IBP

Installed Building Products

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-1 (-1.86%)

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OC

Owens Corning

$66.42

-0.85 (-1.26%)

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WHR

Whirlpool

$195.16

1.35 (0.70%)

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MAS

Masco

$38.82

0.06 (0.15%)

19:26
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LEG

Leggett & Platt

$52.66

-0.16 (-0.30%)

19:26
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USG

USG

$29.29

0.35 (1.21%)

19:26
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CSTE

Caesarstone

$35.20

1.05 (3.07%)

19:26
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GOOG

Alphabet

$957.09

-2.36 (-0.25%)

, GOOGL

Alphabet Class A

$976.62

-1.97 (-0.20%)

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GOOG

Alphabet

$957.09

-2.36 (-0.25%)

GOOGL

Alphabet Class A

$976.62

-1.97 (-0.20%)

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AHH

Armada Hoffler

$13.70

-0.07 (-0.51%)

19:08
06/22/17
06/22
19:08
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19:08
Downgrade
Armada Hoffler rating change  »

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SBUX

Starbucks

$59.51

-0.45 (-0.75%)

18:59
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06/22
18:59
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18:59
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Starbucks initiated  »

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GPMT

Granite Point Mortgage

18:16
06/22/17
06/22
18:16
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18:16
Syndicate
Granite Point Mortgage 10M share IPO priced at $19.50 »

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TWO

Two Harbors

$10.39

0.02 (0.19%)

, GPMT

Granite Point Mortgage

18:15
06/22/17
06/22
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18:15
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Two Harbors to contribute commercial real estate assets to Granite Point »

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TWO

Two Harbors

$10.39

0.02 (0.19%)

GPMT

Granite Point Mortgage

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  • 23

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GE

General Electric

$27.55

-0.23 (-0.83%)

18:05
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Concept Laser, LAUAK sign LOI for additive manufacturing collaboration »

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BBBY

Bed Bath & Beyond

$33.74

0.08 (0.24%)

18:05
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Breaking Hot Stocks news story on Bed Bath & Beyond »

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OKE

Oneok

$47.79

0.38 (0.80%)

, OKS

Oneok Partners

$46.94

0.44 (0.95%)

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OKE

Oneok

$47.79

0.38 (0.80%)

OKS

Oneok Partners

$46.94

0.44 (0.95%)

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GE

General Electric

$27.55

-0.23 (-0.83%)

17:55
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Conference/Events
Economic Club of New York to host a meeting »

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SGH

Smart Global

$16.20

0.45 (2.86%)

, IDRA

Idera Pharmaceuticals

$1.73

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SGH

Smart Global

$16.20

0.45 (2.86%)

IDRA

Idera Pharmaceuticals

$1.73

0.02 (1.17%)

BAC

Bank of America

$22.93

-0.2 (-0.86%)

BBBY

Bed Bath & Beyond

$33.74

0.08 (0.24%)

SONC

Sonic

$27.50

-0.02 (-0.07%)

AMSWA

American Software

$11.97

0.9 (8.13%)

OCUL

Ocular Therapeutix

$11.54

0.5 (4.53%)

PIR

Pier 1 Imports

$5.14

0.08 (1.58%)

WSM

Williams-Sonoma

$47.18

0.48 (1.03%)

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BBBY

Bed Bath & Beyond

$33.74

0.08 (0.24%)

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SUN

Sunoco

$30.11

0.69 (2.35%)

17:51
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Sunoco CEO Bob Owens to retire, Joe Kim named COO »

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NVS

Novartis

$86.34

3.78 (4.58%)

, TMO

Thermo Fisher

$175.47

-0.13 (-0.07%)

17:48
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Hot Stocks
Novartis: FDA approves Tafinlar-Mekinist combo in non-small cell lung cancer »

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NVS

Novartis

$86.34

3.78 (4.58%)

TMO

Thermo Fisher

$175.47

-0.13 (-0.07%)

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TMO

Thermo Fisher

$175.47

-0.13 (-0.07%)

, LH

LabCorp

$150.34

4.13 (2.82%)

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Thermo Fisher says FDA grants premarket approval for Oncomine Dx Target Test »

Thermo Fisher (TMO)…

TMO

Thermo Fisher

$175.47

-0.13 (-0.07%)

LH

LabCorp

$150.34

4.13 (2.82%)

NEO

NeoGenomics

$8.70

0.21 (2.47%)

CGIX

Cancer Genetics

NVS

Novartis

$86.34

3.78 (4.58%)

PFE

Pfizer

$34.06

0.18 (0.53%)

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NGHC

National General

17:32
06/22/17
06/22
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17:32
Syndicate
Breaking Syndicate news story on National General »

National General files to…

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