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JPM

JPMorgan

$90.89

1.1 (1.23%)

, GS

Goldman Sachs

$225.95

4.89 (2.21%)

06:07
09/13/17
09/13
06:07
09/13/17
06:07

JPMorgan's Dimon planning to remain CEO for another five years, Reuters reports

JPMorgan (JPM) CEO Jamie Dimon, who is planning to remain the bank's chief for another five years, told the CNBC Institutional Investor Delivering Alpha Conference in New York yesterday that his eventual successor is already working at the bank, Reuters reports. Dimon, who said "there are several people" at the bank who board members know could do his job now if needed, made the comment after being asked if he might be succeeded by Gary Cohn, Goldman's (GS) former COO who is now President Trump's top economic adviser. Reference Link

JPM

JPMorgan

$90.89

1.1 (1.23%)

GS

Goldman Sachs

$225.95

4.89 (2.21%)

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    Oct

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    Oct

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    Feb

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    Apr

  • 14

    Jul

  • 12

    Oct

JPM JPMorgan
$90.89

1.1 (1.23%)

08/09/17
WELS
08/09/17
INITIATION
Target $110
WELS
Outperform
JPMorgan resumed with an Outperform at Wells Fargo
Wells Fargo analyst Mike Mayo resumed coverage JPMorgan with an Outperform rating and $110 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.
07/06/17
07/06/17
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Nike (NKE) initiated with an Outperform at Raymond James. 2. JPMorgan (JPM) initiated with a Neutral at Goldman Sachs. 3. At Home Group (HOME) initiated with a Buy at SunTrust. 4. Logitech (LOGI) initiated with a Buy at Citi. 5. Medtronic (MDT) initiated with an Outperform at William Blair. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
07/06/17
GSCO
07/06/17
INITIATION
Target $93
GSCO
Neutral
JPMorgan initiated with a Neutral at Goldman Sachs
Goldman analyst Richard Ramsden resumed coverage on JPMorgan with a Neutral and a $93 price target saying it is a best-in-class franchise with a premium multiple.
GS Goldman Sachs
$225.95

4.89 (2.21%)

09/12/17
KBWI
09/12/17
NO CHANGE
KBWI
Market Perform
Keefe Bruyette 'somewhat skeptical' of Goldman Sachs revenue targets
Keefe Bruyette analyst Brian Kleinhanzl noted that Goldman Sachs co-COO Harvey Schwartz identified $5B in revenue opportunities that the company sees over the next 3 years, though he is "somewhat skeptical" of the bank's ability to hit these targets given that its strategy requires penetrating new markets or segments outside of its traditional strengths. The analyst, who thinks Goldman remains a "show-me stock," keeps a Market Perform rating on the shares.
08/11/17
HSBC
08/11/17
DOWNGRADE
HSBC
Hold
Goldman Sachs downgraded to Hold from Buy at HSBC
08/09/17
WELS
08/09/17
INITIATION
Target $265
WELS
Outperform
Goldman Sachs resumed with an Outperform at Wells Fargo
Wells Fargo analyst Mike Mayo resumed coverage of Goldman Sachs (GS) with an Outperform rating and $265 price target. The analyst prefers Goldman over Morgan Stanley (MS), saying the bank has about "twice as fast" organic revenue growth for more than 20 years, and "much faster" earnings growth over 15 years. Mayo named Citi (C) his top pick among the Large-Cap banks.
07/24/17
07/24/17
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. Goldman Sachs (GS) downgraded to Neutral from Buy at UBS with analyst Brennan Hawken saying the market seems to be pricing in an inflection in Goldman's trading revenue despite the recent weakness, suggesting a recovery is needed to justify 2018 consensus estimates. 2. Constellation Brands (STZ) downgraded to Neutral from Conviction Buy at Goldman Sachs. 3. Boston Beer (SAM) downgraded to Sell from Neutral at Goldman Sachs with analyst Judy Hong saying she sees further downside risk from weaker volumes and believes 2018 will be another year of volume decline and limited margin offset. 4. athenahealth (ATHN) downgraded to Underweight from Equal-Weight at First Analysis with analyst Frank Sparacino saying the valuation at current share levels is ahead of the underlying fundamentals in the short term. 5. PPG (PPG) was downgraded to Hold from Buy at SunTrust and to Neutral from Buy at BofA/Merrill. 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

07:26
09/25/17
09/25
07:26
09/25/17
07:26
General news
Futures pointing to slightly lower open »

Stock futures are trading…

ALSSF

Alsea

$3.53

-0.1382 (-3.77%)

07:25
09/25/17
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07:25
Upgrade
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STAA

STAAR Surgical

$10.90

0.05 (0.46%)

07:24
09/25/17
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07:24
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STAAR Surgical rating change  »

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RIG

Transocean

$9.32

0.24 (2.64%)

07:24
09/25/17
09/25
07:24
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07:24
Technical Analysis
Technical View: Transocean trades higher in pre-market, analyst action »

The shares were last up…

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ZG

Zillow

$38.93

-0.93 (-2.33%)

07:23
09/25/17
09/25
07:23
09/25/17
07:23
Initiation
Zillow initiated  »

Zillow initiated with a…

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  • 03

    Oct

AMAT

Applied Materials

07:23
09/25/17
09/25
07:23
09/25/17
07:23
Recommendations
Applied Materials analyst commentary  »

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  • 27

    Sep

AEM

Agnico Eagle

$46.74

0.6 (1.30%)

07:23
09/25/17
09/25
07:23
09/25/17
07:23
Recommendations
Agnico Eagle analyst commentary  »

Agnico Eagle price target…

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  • 26

    Oct

DK

Delek US

$25.70

0.25 (0.98%)

07:22
09/25/17
09/25
07:22
09/25/17
07:22
Conference/Events
Delek US management to meet with Deutsche Bank »

Meeting to be held in…

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  • 25

    Sep

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APOP

Cellect Biotechnology

$8.28

0.19 (2.35%)

07:22
09/25/17
09/25
07:22
09/25/17
07:22
Recommendations
Cellect Biotechnology analyst commentary  »

Cellect Biotechnology…

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LPX

Louisiana-Pacific

$28.44

0.53 (1.90%)

07:21
09/25/17
09/25
07:21
09/25/17
07:21
Recommendations
Louisiana-Pacific analyst commentary  »

Louisiana-Pacific price…

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CTSO

CytoSorbents

07:20
09/25/17
09/25
07:20
09/25/17
07:20
Hot Stocks
CytoSorbents highlights publication of study in Journal of Artificial Organs »

CytoSorbents highlighted…

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CRMD

CorMedix

$0.47

0.048 (11.37%)

07:20
09/25/17
09/25
07:20
09/25/17
07:20
Recommendations
CorMedix analyst commentary  »

CorMedix price target…

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07:20
09/25/17
09/25
07:20
09/25/17
07:20
General news
FX Update: The euro has come under across-the-board pressure »

FX Update: The euro has…

TWTR

Twitter

$17.61

0.03 (0.17%)

07:19
09/25/17
09/25
07:19
09/25/17
07:19
Periodicals
Twitter tests Twitter Lite Android app in the Philippines, TechCrunch says »

Twitter is testing an…

03/08/13
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03/06/13
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NBLX

Noble Midstream

$50.36

-0.13 (-0.26%)

, NBL

Noble Energy

$27.02

0.07 (0.26%)

07:18
09/25/17
09/25
07:18
09/25/17
07:18
Hot Stocks
Noble Midstream now sees Q3 net income $42M-$43M »

Noble Midstream Partners…

NBLX

Noble Midstream

$50.36

-0.13 (-0.26%)

NBL

Noble Energy

$27.02

0.07 (0.26%)

03/08/13
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NOC

Northrop Grumman

$281.55

1.13 (0.40%)

07:17
09/25/17
09/25
07:17
09/25/17
07:17
Hot Stocks
Northrop Grumman announces support contract for U.K. CUTLASS vehicles »

Northrop Grumman…

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WBC

Wabco

$150.14

0.95 (0.64%)

07:17
09/25/17
09/25
07:17
09/25/17
07:17
Recommendations
Wabco analyst commentary  »

Wabco price target raised…

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  • 19

    Oct

CSIQ

Canadian Solar

$16.46

0.6 (3.78%)

07:16
09/25/17
09/25
07:16
09/25/17
07:16
Hot Stocks
Tokyo Stock Exchange approves listing of Canadian Solar Infrastructure Fund »

Canadian Solar announced…

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KMX

CarMax

$74.19

5.35 (7.77%)

07:16
09/25/17
09/25
07:16
09/25/17
07:16
Downgrade
CarMax rating change  »

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ALXN

Alexion

$142.82

-0.1 (-0.07%)

07:16
09/25/17
09/25
07:16
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07:16
Recommendations
Alexion analyst commentary  »

Alexion Soliris to…

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  • 27

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SGYP

Synergy Pharmaceuticals

$2.59

-0.05 (-1.89%)

07:15
09/25/17
09/25
07:15
09/25/17
07:15
Recommendations
Synergy Pharmaceuticals analyst commentary  »

Synergy Pharmaceuticals…

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OB

Onebeacon Insurance

$18.11

0.01 (0.06%)

07:14
09/25/17
09/25
07:14
09/25/17
07:14
Hot Stocks
All regulatory approvals obtained for Intact Financial's acquisition of Onebeacon Insurance »

OneBeacon Insurance Group…

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XHR

Xenia Hotels & Resorts

$20.85

0.25 (1.21%)

07:13
09/25/17
09/25
07:13
09/25/17
07:13
Hot Stocks
Xenia Hotels & Resorts provides update on Hyatt Centric Key West Resort & Spa »

Xenia Hotels &…

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  • 08

    Nov

AMZN

Amazon.com

$955.10

-9.55 (-0.99%)

, BABA

Alibaba

$178.14

0.75 (0.42%)

07:13
09/25/17
09/25
07:13
09/25/17
07:13
Periodicals
Amazon launches Kindle promotion with Alibaba, Recode reports »

Amazon (AMZN) launched a…

AMZN

Amazon.com

$955.10

-9.55 (-0.99%)

BABA

Alibaba

$178.14

0.75 (0.42%)

03/08/13
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  • 03

    Oct

  • 22

    Oct

CL

Colgate-Palmolive

$71.19

-0.18 (-0.25%)

07:13
09/25/17
09/25
07:13
09/25/17
07:13
Upgrade
Colgate-Palmolive rating change  »

Colgate-Palmolive…

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