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BAC

Bank of America

$24.02

-0.19 (-0.78%)

06:50
07/18/17
07/18
06:50
07/18/17
06:50

Bank of America reports Q2 adjusted FICC trading revenue $2.3B, down 14% y/y

Excluding net DVA, FICC revenue of $2.3B declined 14% from 2Q16, due to a weaker performance in rates and emerging markets relative to a strong quarter in the prior year.

  • 18

    Jul

BAC Bank of America
$24.02

-0.19 (-0.78%)

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.
04/24/17
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.
06/09/17
RBCM
06/09/17
NO CHANGE
RBCM
House financial reform bill unlikely to advance in Senate, says RBC Capital
RBC Capital analyst Gerard Cassidy says that the financial regulation reform bill passed yesterday by the House would help the banking sector but probably won;t be passed by the Senate. Large publicly traded banks include Bank of America (BAC), Citi (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC).
07/11/17
BARD
07/11/17
NO CHANGE
BARD
Big bank set-up not great, would sell into extended rally, says Baird
Baird analyst David George does not see a great set-up for money-center banks heading into Q2 earnings. He said the trade looks crowded and he would be a seller into an extended rally. George said the risk/reward is less attractive following the sector's most recent rally as economic growth remains muted and the pace of NIM expansion may slow. George believes the biggest potential catalyst would be a gradual steepening of the yield curve and pick-up on loan growth.

TODAY'S FREE FLY STORIES

VST

Vistra Energy

$18.83

0.13 (0.70%)

08:30
10/20/17
10/20
08:30
10/20/17
08:30
Initiation
Vistra Energy initiated  »

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  • 03

    Nov

GE

General Electric

$23.58

0.46 (1.99%)

08:30
10/20/17
10/20
08:30
10/20/17
08:30
Hot Stocks
General Electric reports Q3 Power revenue $8.68B »

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  • 20

    Oct

LDR

Landauer

08:30
10/20/17
10/20
08:30
10/20/17
08:30
Options
One option delisting on October 20th »

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ALL

Allstate

$92.73

1.48 (1.62%)

08:29
10/20/17
10/20
08:29
10/20/17
08:29
Hot Stocks
Allstate announces expansion of ride-hailing coverage »

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  • 29

    Nov

HUBG

Hub Group

$39.50

0.35 (0.89%)

08:29
10/20/17
10/20
08:29
10/20/17
08:29
Initiation
Hub Group initiated  »

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  • 26

    Oct

TEAM

Atlassian

08:29
10/20/17
10/20
08:29
10/20/17
08:29
Recommendations
Atlassian analyst commentary  »

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GPC

Genuine Parts

$89.71

-8.33 (-8.50%)

08:27
10/20/17
10/20
08:27
10/20/17
08:27
Recommendations
Genuine Parts analyst commentary  »

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  • 30

    Oct

BOJA

Bojangles

$12.50

0.1 (0.81%)

08:26
10/20/17
10/20
08:26
10/20/17
08:26
Downgrade
Bojangles rating change  »

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  • 01

    Nov

TEAM

Atlassian

$40.25

0.44 (1.11%)

08:25
10/20/17
10/20
08:25
10/20/17
08:25
Recommendations
Atlassian analyst commentary  »

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AGN

Allergan

$189.27

2.12 (1.13%)

08:25
10/20/17
10/20
08:25
10/20/17
08:25
Recommendations
Allergan analyst commentary  »

Allergan price target…

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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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  • 20

    Oct

  • 23

    Oct

  • 01

    Nov

  • 06

    Nov

08:25
10/20/17
10/20
08:25
10/20/17
08:25
General news
Fed funds futures are lower as safe haven flows unwind as risk appetite jumps »

Fed funds futures are…

WBC

Wabco

$155.08

6.01 (4.03%)

08:23
10/20/17
10/20
08:23
10/20/17
08:23
Recommendations
Wabco analyst commentary  »

Wabco price target raised…

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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UAL

United Continental

$59.78

-8.21 (-12.08%)

08:22
10/20/17
10/20
08:22
10/20/17
08:22
Recommendations
United Continental analyst commentary  »

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03/08/13
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ENBL

Enable Midstream

$15.60

0.06 (0.39%)

08:22
10/20/17
10/20
08:22
10/20/17
08:22
Downgrade
Enable Midstream rating change  »

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  • 01

    Nov

$DJT

DJ Transportation Average

08:22
10/20/17
10/20
08:22
10/20/17
08:22
Technical Analysis
DJ Transportation Average: Pivot points »

The following are the…

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$DJU

DJ Utility Average

08:21
10/20/17
10/20
08:21
10/20/17
08:21
Technical Analysis
DJ Utility Average: Pivot points »

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DJX

Dow Jones Industrial Average

08:21
10/20/17
10/20
08:21
10/20/17
08:21
Technical Analysis
Dow Jones Industrial Average: Pivot points »

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IYT

iShares Transportation Average

$177.87

-0.23 (-0.13%)

08:21
10/20/17
10/20
08:21
10/20/17
08:21
Technical Analysis
iShares Transportation Average: Pivot points »

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XLK

Technology Select Sector SPDR

$60.69

-0.18 (-0.30%)

08:20
10/20/17
10/20
08:20
10/20/17
08:20
Technical Analysis
Technology Select Sector SPDR: Pivot points »

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XLE

Energy Select Sector SPDR

$67.64

-0.21 (-0.31%)

08:20
10/20/17
10/20
08:20
10/20/17
08:20
Technical Analysis
Energy Select Sector SPDR: Pivot points »

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XLY

Consumer Discretionary Sector SPDR

08:20
10/20/17
10/20
08:20
10/20/17
08:20
Technical Analysis
Consumer Discretionary Sector SPDR: Pivot points »

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08:20
10/20/17
10/20
08:20
10/20/17
08:20
General news
Canada CPI preview »

Canada CPI preview:…

XLB

S&P Select Materials SPDR

$58.24

0.22 (0.38%)

08:19
10/20/17
10/20
08:19
10/20/17
08:19
Technical Analysis
S&P Select Materials SPDR: Pivot points »

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XLU

Utilities SPDR

$54.82

0.57 (1.05%)

08:19
10/20/17
10/20
08:19
10/20/17
08:19
Technical Analysis
Utilities SPDR: Pivot points »

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XLP

Consumer Staples Sector SPDR

$54.03

-0.29 (-0.53%)

08:19
10/20/17
10/20
08:19
10/20/17
08:19
Technical Analysis
Consumer Staples Sector SPDR: Pivot points »

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