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BAC

Bank of America

$24.02

-0.19 (-0.78%)

09:07
07/18/17
07/18
09:07
07/18/17
09:07

Bank of America NII softness could weight on shares, says Nomura Instinet

Nomura Instinet analyst Steven Chubak said Bank of America reported a modest core beat but the NII miss and elevated bar for Q3 could result in modest share underperformance. The analyst remains encouraged by fee income resiliency, favorable credit trends, strong capital build, and compelling risk/reward, and reiterates his Buy rating and $27 price target.

  • 18

    Jul

BAC Bank of America
$24.02

-0.19 (-0.78%)

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.
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).
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.

TODAY'S FREE FLY STORIES

IBM

IBM

$146.41

-0.39 (-0.27%)

16:14
10/17/17
10/17
16:14
10/17/17
16:14
Hot Stocks
IBM reports Q3 Cognitive solutions revenue $4.4B, up 3% ex-currency »

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    Oct

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  • 15

    Nov

16:14
10/17/17
10/17
16:14
10/17/17
16:14
General news
Treasury International Capital Foreign Demand for Long-Term U.S. Securities data reported »

August Treasury…

LLESY

Lendlease Group

$14.60

0.026 (0.18%)

16:14
10/17/17
10/17
16:14
10/17/17
16:14
Downgrade
Lendlease Group rating change  »

Lendlease Group…

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IBM

IBM

$146.40

-0.4 (-0.27%)

16:13
10/17/17
10/17
16:13
10/17/17
16:13
Earnings
IBM backs FY17 adjusted EPS view of at least $13.80, consensus $13.75 »

Operating diluted…

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  • 17

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    Nov

IBM

IBM

$146.43

-0.37 (-0.25%)

16:13
10/17/17
10/17
16:13
10/17/17
16:13
Hot Stocks
IBM reports Q3 cloud revenues up 20% to $4.1B »

Third-quarter cloud…

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  • 17

    Oct

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  • 15

    Nov

IBM

IBM

$146.45

-0.35 (-0.24%)

16:12
10/17/17
10/17
16:12
10/17/17
16:12
Earnings
IBM reports Q3 adjusted EPS $3.30, consensus $3.28 »

Reports Q3 revenue…

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  • 17

    Oct

  • 22

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  • 15

    Nov

COTY

Coty

$16.01

-0.82 (-4.87%)

16:12
10/17/17
10/17
16:12
10/17/17
16:12
Initiation
Coty initiated  »

Coty initiated with a…

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NTRS

Northern Trust

$91.10

-0.82 (-0.89%)

16:11
10/17/17
10/17
16:11
10/17/17
16:11
Hot Stocks
Northern Trust CEO Frederick Waddell to step down »

Northern Trust announced…

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  • 18

    Oct

LRCX

Lam Research

$194.55

2.19 (1.14%)

16:10
10/17/17
10/17
16:10
10/17/17
16:10
Earnings
Lam Research sees Q2 EPS $3.65, +/- 12c, consensus $3.33 »

Sees Q2 revenue $2.55B,…

03/08/13
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03/06/13
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  • 17

    Oct

CREE

Cree

$29.34

0.06 (0.20%)

16:10
10/17/17
10/17
16:10
10/17/17
16:10
Earnings
Cree sees Q2 adjusted EPS (1c)-4c, consensus 7c »

Sees Q2 revenue…

03/08/13
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  • 17

    Oct

PTX

Pernix Therapeutics

$2.76

-0.05 (-1.78%)

16:10
10/17/17
10/17
16:10
10/17/17
16:10
Hot Stocks
Pernix Therapeutics CFO Graham Miao to resign at the end of the year »

Pernix Therapeutics…

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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HUSA

Houston American Energy

$0.43

-0.0128 (-2.88%)

16:09
10/17/17
10/17
16:09
10/17/17
16:09
Syndicate
Breaking Syndicate news story on Houston American Energy »

Houston American Energy…

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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SCSS

Select Comfort

$30.38

-0.17 (-0.56%)

16:09
10/17/17
10/17
16:09
10/17/17
16:09
Technical Analysis
Technical View: Select Comfort drops after earnings miss »

In the extended session…

03/08/13
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  • 17

    Oct

MOBL

MobileIron

$3.80

-0.1 (-2.56%)

16:09
10/17/17
10/17
16:09
10/17/17
16:09
Earnings
MobileIron sees Q3 revenue $42M-$43M, consensus $45.22M »

Sees Q3: Gross billings…

03/08/13
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HCSG

Healthcare Services

$54.37

-0.08 (-0.15%)

16:08
10/17/17
10/17
16:08
10/17/17
16:08
Hot Stocks
Healthcare Services increases dividend to 19c per share »

Healthcare Services…

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  • 06

    Nov

MOBL

MobileIron

$3.80

-0.1 (-2.56%)

16:08
10/17/17
10/17
16:08
10/17/17
16:08
Hot Stocks
MobileIron CEO Barry Mainz to leave, Simon Biddiscombe to succeed »

MobileIron announced that…

03/08/13
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CHEF

Chefs' Warehouse

$20.75

0.2 (0.97%)

16:07
10/17/17
10/17
16:07
10/17/17
16:07
Hot Stocks
Chefs' Warehouse announces resignation of CFO John Austin »

The Chefs' Warehouse…

03/08/13
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SCSS

Select Comfort

$30.38

-0.17 (-0.56%)

16:07
10/17/17
10/17
16:07
10/17/17
16:07
Earnings
Select Comfort narrows FY17 EPS view to $1.30-$1.45 from $1.25-$1.50 »

Consensus $1.39. The…

03/08/13
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  • 17

    Oct

LRCX

Lam Research

$194.32

1.95 (1.01%)

16:07
10/17/17
10/17
16:07
10/17/17
16:07
Earnings
Lam Research reports Q1 EPS $3.46, consensus $3.28 »

Reports Q1 revenue…

03/08/13
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03/06/13
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  • 17

    Oct

SCSS

Select Comfort

$30.38

-0.17 (-0.56%)

16:06
10/17/17
10/17
16:06
10/17/17
16:06
Hot Stocks
Select Comfort increases share repurchase authorization to $500M »

Select Comfort announced…

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  • 17

    Oct

HCSG

Healthcare Services

$54.37

-0.08 (-0.15%)

16:06
10/17/17
10/17
16:06
10/17/17
16:06
Earnings
Healthcare Services reports Q3 EPS 31c, consensus 31c »

Reports Q3 revenue…

03/08/13
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03/08/13
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03/06/13
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  • 06

    Nov

CP

Canadian Pacific

$167.09

-1.375 (-0.82%)

16:06
10/17/17
10/17
16:06
10/17/17
16:06
Earnings
Canadian Pacific sees FY17 EPS to grow in double-digits from prior year »

CP is revising its 2017…

03/08/13
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  • 17

    Oct

SNPS

Synopsys

$83.72

-0.35 (-0.42%)

16:06
10/17/17
10/17
16:06
10/17/17
16:06
Hot Stocks
Synopsys acquires Sidense Corporation, terms not disclosed »

Synopsys announced that…

03/08/13
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03/08/13
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  • 18

    Oct

SCSS

Select Comfort

$30.38

-0.17 (-0.56%)

16:06
10/17/17
10/17
16:06
10/17/17
16:06
Earnings
Select Comfort reports Q3 EPS 62c, consensus 68c »

Reports Q3 revenue $403M,…

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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  • 17

    Oct

CREE

Cree

$29.34

0.06 (0.20%)

16:04
10/17/17
10/17
16:04
10/17/17
16:04
Earnings
Cree reports Q1 EPS 4c, consensus 4c »

Reports Q1 revenue $360M,…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
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03/06/13
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  • 17

    Oct

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