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BAC

Bank of America

$24.90

-0.06 (-0.24%)

07:30
08/09/17
08/09
07:30
08/09/17
07:30

Bank of America plans to offer Premium Rewards card, WSJ says

Bank of America is planning to join the premium rewards card market by launching a Premium Rewards credit card in September, that will have a $95 annual fee and a 50,000 point sign-up bonus for customers who spend $3,000 in the first three months, the Wall Street Journal reports, citing Jason Gaughan, a card product executive at the bank. Cardholders will receive two points for every dollar spent travel and dining and 1.5 points per dollar spent on other purchases without caps on points, while those with between $20,000 and $50,000 at the bank will receive 2.5 points and 1.875 points, respectively, those with between $50,000 and $100,000 will earn 3 points and 2.25 points, and users with at least $100,000 will earn 3.5 points and 2.6 points. Reference Link

BAC Bank of America
$24.90

-0.06 (-0.24%)

07/18/17
NOMU
07/18/17
NO CHANGE
Target $27
NOMU
Buy
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.
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.

TODAY'S FREE FLY STORIES

RCII

Rent-A-Center

$13.05

0.05 (0.38%)

11:38
08/17/17
08/17
11:38
08/17/17
11:38
Recommendations
Rent-A-Center analyst commentary  »

Rent-A-Center…

03/08/13
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11:36
08/17/17
08/17
11:36
08/17/17
11:36
General news
The police force in Barcelona report a 'massive' crash on the Ramblas »

There has just been a…

GPS

Gap

$22.80

0.23 (1.02%)

11:35
08/17/17
08/17
11:35
08/17/17
11:35
Options
Gap put volume heavy and directionally bearish »

Bearish flow noted in Gap…

03/08/13
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  • 17

    Aug

UN

Unilever; also tag UL

$58.97

0.06 (0.10%)

, UL

Unilever; also tag UN

$57.58

0.04 (0.07%)

11:34
08/17/17
08/17
11:34
08/17/17
11:34
Periodicals
KKR, GIC team up for Unilever's spreads operations, Sky News reports »

KKR (KKR) and…

UN

Unilever; also tag UL

$58.97

0.06 (0.10%)

UL

Unilever; also tag UN

$57.58

0.04 (0.07%)

KKR

KKR

$18.31

-0.075 (-0.41%)

BX

Blackstone

$32.10

-0.07 (-0.22%)

03/08/13
Wedge Partners
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03/06/13
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03/06/13
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AAPL

Apple

$160.95

-0.65 (-0.40%)

11:31
08/17/17
08/17
11:31
08/17/17
11:31
Periodicals
WeWork hires former Apple exec as chief product officer, The Information says »

WeWork has appointed…

03/08/13
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  • 23

    Aug

ALGN

Align Technology

$178.46

0.49 (0.28%)

11:31
08/17/17
08/17
11:31
08/17/17
11:31
Recommendations
Align Technology analyst commentary  »

Straumann deals only…

03/08/13
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03/08/13
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03/06/13
Citigroup
03/06/13
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  • 21

    Aug

TIME

Time Inc.

$13.00

0.05 (0.39%)

11:31
08/17/17
08/17
11:31
08/17/17
11:31
Hot Stocks
Time Inc. names Lori Leibovich editor-in-chief of Health, effective immediately »

Time Inc. appointed Lori…

03/08/13
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  • 18

    Sep

11:28
08/17/17
08/17
11:28
08/17/17
11:28
General news
Van crashes into pedestrians in Barcelona's city center, CNBC reports »

According to the report,…

PRU

Prudential

$104.37

-0.84 (-0.80%)

11:27
08/17/17
08/17
11:27
08/17/17
11:27
Periodicals
Prudential looking to remove too big to fail label, Bloomberg reports »

Prudential is pushing the…

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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  • 27

    Sep

DDAIF

Daimler AG

$71.07

0.08 (0.11%)

, BMWYY

BMW

$31.23

-0.146 (-0.47%)

11:25
08/17/17
08/17
11:25
08/17/17
11:25
Periodicals
Sixt CEO hints at car-sharing merger talks between BMW, Daimler, Reuters says »

Daimler (DDAIF) and BMW…

DDAIF

Daimler AG

$71.07

0.08 (0.11%)

BMWYY

BMW

$31.23

-0.146 (-0.47%)

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

Salesforce

$91.84

-0.4 (-0.43%)

11:25
08/17/17
08/17
11:25
08/17/17
11:25
Options
Salesforce call volume above normal and directionally bullish »

Bullish option flow…

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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  • 22

    Aug

  • 05

    Sep

11:20
08/17/17
08/17
11:20
08/17/17
11:20
General news
Treasury announced a $72 B 3- and 6-month bill sale for Monday »

Treasury announced a $72…

$NSD

NASDAQ Market Internals

11:17
08/17/17
08/17
11:17
08/17/17
11:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

03/08/13
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03/08/13
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03/06/13
Citigroup
03/06/13
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ADP

ADP

$111.10

-0.48 (-0.43%)

11:16
08/17/17
08/17
11:16
08/17/17
11:16
Hot Stocks
Pershing calls ADP's corporate structure 'bloated and complex' »

The activist says that…

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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  • 17

    Aug

  • 11

    Sep

$NYE

NYSE Market Internals

11:16
08/17/17
08/17
11:16
08/17/17
11:16
Technical Analysis
NYSE market internals summary »

Volume is below average…

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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GFI

Gold Fields

$4.15

0.145 (3.63%)

11:15
08/17/17
08/17
11:15
08/17/17
11:15
Hot Stocks
Gold Fields jumps after saying Q2 production at South Deep up 61% »

In an update on projects…

03/08/13
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03/06/13
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CTL

CenturyLink

$20.05

-0.85 (-4.07%)

11:15
08/17/17
08/17
11:15
08/17/17
11:15
Options
CenturyLink put volume heavy and directionally bearish »

Bearish flow noted in…

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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PPG

PPG

$103.80

0.06 (0.06%)

11:12
08/17/17
08/17
11:12
08/17/17
11:12
Periodicals
Crews called to fire at Pennsylvania PPG plant, The Sentinel says »

Emergency crews responded…

03/08/13
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DERM

Dermira

$23.34

-0.24 (-1.02%)

11:12
08/17/17
08/17
11:12
08/17/17
11:12
Conference/Events
Dermira management to meet with Evercore ISI »

Meeting to be held in…

03/08/13
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03/06/13
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  • 22

    Aug

VIPS

Vipshop

$10.37

-0.73 (-6.58%)

11:10
08/17/17
08/17
11:10
08/17/17
11:10
Downgrade
Vipshop rating change  »

Vipshop downgraded to…

03/08/13
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  • 17

    Aug

ADP

ADP

$111.10

-0.48 (-0.43%)

11:10
08/17/17
08/17
11:10
08/17/17
11:10
Hot Stocks
Breaking Hot Stocks news story on ADP »

ADP drops 2.9% as…

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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  • 17

    Aug

  • 11

    Sep

BA

Boeing

$237.03

-0.5604 (-0.24%)

11:10
08/17/17
08/17
11:10
08/17/17
11:10
Hot Stocks
Boeing reports 14 new orders in weekly update »

Boeing on its website…

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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SPX

S&P 500

11:09
08/17/17
08/17
11:09
08/17/17
11:09
Periodicals
White House says Cohn intends to remain in position, CNBC reports »

Eamon Javers of CNBC just…

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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11:08
08/17/17
08/17
11:08
08/17/17
11:08
Periodicals
Breaking Periodicals news story  »

Gary Cohn 'intends…

MTB

M&T Bank

$157.36

-1.24 (-0.78%)

11:07
08/17/17
08/17
11:07
08/17/17
11:07
Conference/Events
M&T Bank management to meet with Evercore ISI »

Field trip to company…

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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  • 21

    Aug

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