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BAC

Bank of America

, FNMA

Fannie Mae

$2.58

-0.07 (-2.64%)

09:28
05/19/17
05/19
09:28
05/19/17
09:28

BofA CEO opens debate on lower mortgage down payments, Reuters reports

Bank of America (BAC) CEO Brian Moynihan said cutting standard mortgage down payments for buyers to 10% from 20% would allow banks to supply a larger share of funding for home purchases, Reuters reports, citing a CNBC interview. The majority of mortgages are underwritten to standards set by Fannie Mae (FNMA) and Freddie Mac (FMCC). "Our goal - going back to regulatory reform - is should you move the down payment requirement from 20% to 10? It wouldn't introduce that much risk but would actually help a lot of mortgages get done," Moynihan said. Reference Link

BAC

Bank of America

FNMA

Fannie Mae

$2.58

-0.07 (-2.64%)

FMCC

Freddie Mac

$2.49

-0.04 (-1.58%)

  • 31

    May

  • 06

    Jun

BAC Bank of America

04/24/17
04/24/17
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. Disney (DIS) downgraded to Hold from Buy at Loop Capital with analyst David Miller citing valuation following the stock hitting a 52-week high on Friday. The strength in the stock over the last nine months has appropriately priced in the company's growth rate, said Miller, who maintains a $118 price target on Disney shares. 2. Groupon (GRPN) downgraded to Underweight on lackluster ad spend at Morgan Stanley with analyst Brian Nowak saying its recent local advertiser survey indicate lackluster forward advertiser spending and believes Groupon will need to spend more in order to grow North America Local Billings, which the Street seems to be underestimating. 3. Grainger (GWW) downgraded to Market Perform from Outperform at William Blair with analyst Ryan Merkel citing a lack of confidence in the company's repricing strategy. 4. Bank of America (BAC) downgraded to Hold from Buy at Berenberg with analyst James Chappell saying it is time to take profits. Interest rates unlikely to rise as much as has been priced into bank equity valuations, Chappell tells investors in a research note. Further, regulation and tax reform are likely to take longer than expected and not be as beneficial for the banks as many might have hoped, the analyst adds. He upped his price target for Bank of America shares to $22 from $15. 5. DuPont Fabros (DFT) downgraded to Hold from Buy at Stifel with analyst Matthew Heinz saying shares are fully valued and demand patterns have shifted. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
04/24/17
BREN
04/24/17
DOWNGRADE
Target $22
BREN
Hold
Bank of America downgraded to Hold from Buy at Berenberg
Berenberg analyst James Chappell downgraded Bank of America to Hold saying it is time to take profits. Interest rates unlikely to rise as much as has been priced into bank equity valuations, Chappell tells investors in a research note. Further, regulation and tax reform are likely to take longer than expected and not be as beneficial for the banks as many might have hoped, the analyst adds. He upped his price target for Bank of America shares to $22 from $15.
04/19/17
RBCM
04/19/17
NO CHANGE
RBCM
Bank of America reported 'knockout' results, says RBC Capital
RBC Capital analyst Gerard Cassidy says that Bank of America reported "knockout" Q1 results that were better than the other three "Big Four" banks. The analyst says that the company has momentum heading into the rest of the year. He keeps a $26 price target and an Outperform rating on the shares.
04/06/17
EVER
04/06/17
NO CHANGE
EVER
Glass-Steagall return wouldn't find support in Congress, says Evercore ISI
After media reports claimed White House economic adviser Gary Cohn supports rules to make banks split their consumer lending units from their investment divisions, which hints at a return of the "Glass-Steagall" law that was ended by President Clinton and a Republican Congress in 1999, Evercore ISI analyst Terry Haines said there is little support in Congress for a return of the law. Any new bank regulations can't "be done with the stroke of a pen" and will have to go through the usual regulatory process, added Haines. Publicly traded large banks include Bank of America (BAC), Citi (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC).
FNMA Fannie Mae
$2.58

-0.07 (-2.64%)

12/02/16
KBWI
12/02/16
NO CHANGE
Target $1
KBWI
Underperform
Fannie, Freddie equity has little value even in 'best case,' says Keefe Bruyette
Keefe Bruyette analyst Bose George noted that comments from incoming Treasury Secretary Steven Mnuchin has sparked a sharply rally in shares of Fannie Mae (FNMA) and Freddie Mac (FMCC), but he believes that even in the best case scenario, which he identifies as the shares being privatized with a 2.5% capital requirement, the capital need will meaningfully dilute the common shares, leaving them with little value. He reiterates his Underperform ratings and $1 price targets on the common shares of both Fannie and Freddie.
FMCC Freddie Mac
$2.49

-0.04 (-1.58%)

TODAY'S FREE FLY STORIES

INTU

Intuit

$127.16

1.78 (1.42%)

14:49
05/23/17
05/23
14:49
05/23/17
14:49
Options
Intuit options imply 5.5% move in share price post-earnings, above median historical move »

Pre-earnings options…

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  • 23

    May

HON

Honeywell

$131.92

0.08 (0.06%)

14:47
05/23/17
05/23
14:47
05/23/17
14:47
Hot Stocks
Breaking Hot Stocks news story on Honeywell »

Honeywell CEO says some…

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  • 31

    May

CNQ

Canadian Natural

$31.04

-0.08 (-0.26%)

, RDS.A

Royal Dutch Shell

$55.22

-0.0499 (-0.09%)

14:45
05/23/17
05/23
14:45
05/23/17
14:45
Periodicals
Breaking Periodicals news story on Canadian Natural, Royal Dutch Shell, Royal Dutch Shell »

Shell to sell entire 8.8%…

CNQ

Canadian Natural

$31.04

-0.08 (-0.26%)

RDS.A

Royal Dutch Shell

$55.22

-0.0499 (-0.09%)

RDS.B

Royal Dutch Shell

$56.96

-0.0576 (-0.10%)

03/08/13
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03/06/13
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SRE

Sempra Energy

$113.64

0.77 (0.68%)

14:45
05/23/17
05/23
14:45
05/23/17
14:45
Periodicals
CBS LA teases 'shocking' report on Sempra's Aliso Canyon gas leak »

CBS Los Angeles tweeted…

03/08/13
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03/08/13
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  • 14

    Sep

X

U.S. Steel

$20.43

0.96 (4.93%)

14:45
05/23/17
05/23
14:45
05/23/17
14:45
Technical Analysis
Technical Analysis: U.S. Steel breaking out of downtrend, levels to watch »

The stock is rallying…

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HON

Honeywell

$131.70

-0.14 (-0.11%)

14:42
05/23/17
05/23
14:42
05/23/17
14:42
Hot Stocks
Breaking Hot Stocks news story on Honeywell »

Honeywell CEO says thinks…

03/08/13
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  • 31

    May

X

U.S. Steel

$20.39

0.9169 (4.71%)

14:40
05/23/17
05/23
14:40
05/23/17
14:40
Options
US Steel calls outpace puts nearly 3:1 as shares rally »

US Steel calls outpace…

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MOMO

Momo

$42.83

-0.75 (-1.72%)

14:39
05/23/17
05/23
14:39
05/23/17
14:39
Downgrade
Momo rating change  »

Momo downgraded to…

03/08/13
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  • 23

    May

AZO

AutoZone

$596.00

-63.49 (-9.63%)

14:39
05/23/17
05/23
14:39
05/23/17
14:39
Recommendations
AutoZone analyst commentary  »

AutoZone weakness an…

03/08/13
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03/08/13
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03/06/13
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  • 23

    May

HON

Honeywell

$131.63

-0.21 (-0.16%)

14:37
05/23/17
05/23
14:37
05/23/17
14:37
Hot Stocks
Breaking Hot Stocks news story on Honeywell »

Honeywell CEO says he…

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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  • 31

    May

ALXN

Alexion

$115.42

1.58 (1.39%)

14:31
05/23/17
05/23
14:31
05/23/17
14:31
Recommendations
Alexion analyst commentary  »

Alexion should be…

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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  • 23

    Oct

RBS

RBS

$6.95

0.09 (1.31%)

14:30
05/23/17
05/23
14:30
05/23/17
14:30
Options
Royal Bank of Scotland sees put buying »

Royal Bank of Scotland…

03/08/13
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03/06/13
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  • 30

    May

HON

Honeywell

$131.98

0.14 (0.11%)

14:29
05/23/17
05/23
14:29
05/23/17
14:29
Hot Stocks
Honeywell says spinoff of aerospace is 'intriguing concept' »

This comment was made…

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  • 31

    May

HON

Honeywell

$132.08

0.235 (0.18%)

14:25
05/23/17
05/23
14:25
05/23/17
14:25
Hot Stocks
Honeywell to shape portfolio changes over next 2-3 years »

Comments are from EPG…

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  • 31

    May

HLF

Herbalife

$69.44

-4 (-5.45%)

14:21
05/23/17
05/23
14:21
05/23/17
14:21
Technical Analysis
Technical Analysis: Herbalife falls on report China executive departs »

The stock was last down…

03/08/13
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BG

Bunge

$80.28

10.21 (14.57%)

14:20
05/23/17
05/23
14:20
05/23/17
14:20
Options
Newsbots go Bungee jumping this afternoon »

Newsbots go Bungee…

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UTX

United Technologies

$122.18

0.52 (0.43%)

14:18
05/23/17
05/23
14:18
05/23/17
14:18
Hot Stocks
United Technologies CEO not interested in split »

Speaking at the…

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  • 23

    May

MOMO

Momo

$42.83

-0.75 (-1.72%)

14:17
05/23/17
05/23
14:17
05/23/17
14:17
Recommendations
Momo analyst commentary  »

Momo price target raised…

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  • 23

    May

$NSD

NASDAQ Market Internals

14:17
05/23/17
05/23
14:17
05/23/17
14:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

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$NYE

NYSE Market Internals

14:16
05/23/17
05/23
14:16
05/23/17
14:16
Technical Analysis
NYSE market internals summary »

Volume is average for…

03/08/13
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AIG

AIG

$61.56

0.175 (0.29%)

14:12
05/23/17
05/23
14:12
05/23/17
14:12
Hot Stocks
A.M. Best affirms AIG credit ratings, removes from under review »

A.M. Best has removed…

03/08/13
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  • 28

    Jun

BWLD

Buffalo Wild Wings

$150.60

-2 (-1.31%)

14:11
05/23/17
05/23
14:11
05/23/17
14:11
Technical Analysis
Technical Analysis: Buffalo Wild Wings trades at session lows »

The stock was last down…

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HON

Honeywell

$131.96

0.12 (0.09%)

14:11
05/23/17
05/23
14:11
05/23/17
14:11
Earnings
Honeywell backs FY17 EPS view $6.90-$7.10, consensus $7.09 »

Backs FY17 revenue…

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  • 31

    May

HON

Honeywell

$131.98

0.14 (0.11%)

14:08
05/23/17
05/23
14:08
05/23/17
14:08
Earnings
Honeywell backs Q2 EPS view $1.75-$1.80, consensus $1.78 »

Sees Q2 revenue…

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  • 31

    May

WRB

W. R. Berkley

$67.93

0.26 (0.38%)

14:05
05/23/17
05/23
14:05
05/23/17
14:05
Hot Stocks
Ca. Insurance Commissioner announces $12M settlement with W. R. Berkley »

California Insurance…

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