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C

Citi

$72.37

-2.57 (-3.43%)

, DB

Deutsche Bank

$16.70

-0.22 (-1.30%)

06:20
10/13/17
10/13
06:20
10/13/17
06:20

Citi, Deutsche Bank, HSBC to settle Libor claims for $132M, Reuters reports

Citi (C), HSBC (HSBC) and Deutsche Bank (DB) will pay a combined $132M to settle a lawsuit brought by futures traders accusing them of manipulating Libor, Reuters reports, citing a U.S. court filing. According to the filing in Manhattan federal court, Citi will pay $33.4M, HSBC will pay $18.5M and Deutsche Bank will pay $80M. Reference Link

C

Citi

$72.37

-2.57 (-3.43%)

DB

Deutsche Bank

$16.70

-0.22 (-1.30%)

HSBC

HSBC

$49.23

-0.27 (-0.55%)

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    Oct

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    Oct

  • 26

    Oct

C Citi
$72.37

-2.57 (-3.43%)

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.
09/11/17
SOCG
09/11/17
UPGRADE
SOCG
Hold
Citi upgraded to Hold from Sell at Societe Generale
10/02/17
WELS
10/02/17
NO CHANGE
WELS
Outperform
Citi may have 'even more upside potential,' says Wells Fargo
Wells Fargo analyst Mike Mayo says Citigroup remains his top bank selection, but could have even more upside potential with restructuring. The analyst believes Citi can sell parts easier than realized, especially given only ''limited'' countries where consumer and institutional are highly integrated and an ability to divest consumer assets mostly by geography. Citi should at least remain open to more restructuring, he contends. He reiterates an Outperform rating on the shares.
10/09/17
FBCO
10/09/17
NO CHANGE
Target $83
FBCO
Outperform
Citi price target raised to $83 from $73 at Credit Suisse
Credit Suisse analyst Susan Roth Katzke raised her price target for Citi to $83 from $73 on valuation. The analyst reiterates an Outperform rating on the shares.
DB Deutsche Bank
$16.70

-0.22 (-1.30%)

08/15/17
MACQ
08/15/17
DOWNGRADE
MACQ
Underperform
Deutsche Bank downgraded to Underperform from Neutral at Macquarie
Macquarie analyst Piers Brown downgraded Deutsche Bank to Underperform citing further market share loses in trading and FICC share erosion.
08/31/17
KBWI
08/31/17
DOWNGRADE
KBWI
Market Perform
Deutsche Bank downgraded to Market Perform at Keefe Bruyette (pre-open)
Pre-open, Keefe Bruyette analyst George Karamonos downgraded Deutsche Bank to Market Perform from Outperform.
09/21/17
HSBC
09/21/17
UPGRADE
HSBC
Hold
Deutsche Bank upgraded to Hold from Reduce at HSBC
HSBC analyst Alevizos Alevizakos upgraded Deutsche Bank to Hold citing valuation with the shares down 15% since the Q2 report. The analyst has an EUR 14 price target for the shares and believes the bank's outlook "remains uncertain."
09/21/17
09/21/17
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Intuit (INTU) upgraded to Outperform from Market Perform at Wells Fargo with analyst Siti Panigrahi saying share gains in the consumer tax business and QuickBooks expansion into self-employed and international markets should drive double-digit revenue and earnings growth over the coming years. 2. Deutsche Bank (DB) upgraded to Hold from Reduce at HSBC wityh analyst Alevizos Alevizakos citing valuation with the shares down 15% since the second quarter report. 3. Sealed Air (SEE) upgraded to Buy from Neutral at BofA/Merrill with analyst George Staphos saying the share drop combined with growth outlook provide an opportunity. 4. PSEG (PEG) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst Devin McDermott saying he sees its risk-reward profile as "skewed heavily to the upside" given the stock's underperformance year-to-date versus peers and the several constructive regulatory initiatives that are pending. 5. FactSet (FDS) upgraded to Buy from Neutral at Northcoast. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
HSBC HSBC
$49.23

-0.27 (-0.55%)

09/04/17
JEFF
09/04/17
INITIATION
JEFF
Buy
HSBC initiated with a Buy at Jefferies
Jefferies analyst Joseph Dickerson started HSBC with a Buy rating and 920p price target. The bank's renewed balance sheet growth should drive revenue higher after disappointing for seven years, the analyst tells investors in a research note.
10/10/17
FBCO
10/10/17
DOWNGRADE
FBCO
Underperform
HSBC downgraded to Underperform from Neutral at Credit Suisse
Credit Suisse analyst Claire Kane downgraded HSBC to Underperform with a 650p price target.
10/10/17
10/10/17
DOWNGRADE

Underperform
HSBC downgraded to Underperform at Credit Suisse
As previously reported, Credit Suisse analyst Sanjay Jain downgraded HSBC to Underperform from Neutral on valuation. The analyst notes that market revenues have been affected by volatility, and capital return may take longer.
10/10/17
10/10/17
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. HSBC (HSBC) downgraded to Underperform from Neutral at Credit Suisse with analyst Sanjay Jain citing valuation. 2. Jabil Circuit (JBL) downgraded to Sell from Neutral at Goldman Sachs with analyst Mark Delaney saying street expectations, which assume Jabil's earnings grow double digits year-over-year for both of the next two years, are overly optimistic. 3. Carlyle Group (CG) downgraded to Neutral from Buy at Citi with analyst William Katz citing valuation with the shares up 60% year-to-date. 4. Eli Lilly (LLY) downgraded to Neutral from Outperform at Credit Suisse with analyst Vamil Divan saying the valuation looks full with the shares up 13% since mid-August. 5. Ralph Lauren (RL) downgraded to Sell from Hold at Miller Tabak. 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

JPM

JPMorgan

$97.99

0.37 (0.38%)

18:12
10/18/17
10/18
18:12
10/18/17
18:12
Hot Stocks
SEC names JPMorgan exec Redfearn Director of Division of Trading and Markets »

The Securities and…

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    Feb

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    Apr

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    Jul

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    Oct

VZ

Verizon

$48.65

0.25 (0.52%)

18:10
10/18/17
10/18
18:10
10/18/17
18:10
Periodicals
Verizon targets spring start of delayed online TV service, Bloomberg says »

Verizon web TV…

03/08/13
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  • 19

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    Nov

STLD

Steel Dynamics

$36.44

0.27 (0.75%)

18:04
10/18/17
10/18
18:04
10/18/17
18:04
Hot Stocks
Steel Dynamics CEO optimistic conditions in place to benefit FY18 consumption »

CEO Mark Millet said:…

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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  • 19

    Oct

CE

Celanese

$104.03

-0.24 (-0.23%)

18:03
10/18/17
10/18
18:03
10/18/17
18:03
Earnings
Celanese increases price for acetyls and engineered materials products »

Celanese will increase…

03/08/13
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03/06/13
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03/06/13
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STLD

Steel Dynamics

$36.44

0.27 (0.75%)

18:01
10/18/17
10/18
18:01
10/18/17
18:01
Earnings
Steel Dynamics reports Q3 ex-items EPS 66c, consensus 66c »

Reports Q3 revenue $2.4B,…

03/08/13
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  • 19

    Oct

OPTT

Ocean Power

$2.00

0.56 (38.89%)

17:59
10/18/17
10/18
17:59
10/18/17
17:59
Syndicate
Ocean Power files to sell common stock in 'best efforts' offering »

No amount was provided.…

03/08/13
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03/06/13
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  • 20

    Oct

TOSBF

Toshiba, also use TOSYY

$3.02

-0.03 (-0.98%)

, TOSYY

Toshiba, also use TOSBF

$18.20

-0.11 (-0.60%)

17:58
10/18/17
10/18
17:58
10/18/17
17:58
Periodicals
Japan regulators probing Toshiba reporting practices for FY16/17, Nikkei says »

Japan's Securities…

TOSBF

Toshiba, also use TOSYY

$3.02

-0.03 (-0.98%)

TOSYY

Toshiba, also use TOSBF

$18.20

-0.11 (-0.60%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
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03/06/13
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PNW

Pinnacle West

$87.34

-0.42 (-0.48%)

17:53
10/18/17
10/18
17:53
10/18/17
17:53
Hot Stocks
Pinnacle West raises quarterly divided 6.1% to 69.5c per share »

Pinnacle West…

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    Nov

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GILD

Gilead

$80.01

-0.23 (-0.29%)

17:46
10/18/17
10/18
17:46
10/18/17
17:46
Hot Stocks
FDA grants regulatory approval to Kite's Yescarta »

Kite, a Gilead company,…

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  • 20

    Oct

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    Nov

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    Feb

POT

Potash

$19.24

0.08 (0.42%)

, AGU

Agrium

$107.73

0.55 (0.51%)

17:37
10/18/17
10/18
17:37
10/18/17
17:37
Hot Stocks
Potash, Agrium: India approves proposed merger of equals transaction »

Potash Corporation of…

POT

Potash

$19.24

0.08 (0.42%)

AGU

Agrium

$107.73

0.55 (0.51%)

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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VMI

Valmont

$160.85

1.9 (1.20%)

17:36
10/18/17
10/18
17:36
10/18/17
17:36
Earnings
Valmont lowers FY17 adjusted EPS view to $6.90-$7.04 from $7.06, consensus $7.09 »

Annual guidance was…

03/08/13
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  • 19

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NVO

Novo Nordisk

$50.13

0.82 (1.66%)

17:36
10/18/17
10/18
17:36
10/18/17
17:36
Hot Stocks
Novo Nordisk receives positive 16-0 vote from FDA Advisory Committe »

Novo Nordisk announced…

03/08/13
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  • 18

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CHFS

CHF Solutions

$8.30

-0.69 (-7.68%)

17:35
10/18/17
10/18
17:35
10/18/17
17:35
Syndicate
Breaking Syndicate news story on CHF Solutions »

CHF Solutions files to…

03/08/13
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  • 06

    Nov

VTGN

VistaGen Therapeutics

$1.31

0.04 (3.15%)

17:33
10/18/17
10/18
17:33
10/18/17
17:33
Syndicate
Breaking Syndicate news story on VistaGen Therapeutics »

VistaGen Therapeutics…

03/08/13
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LLNW

Limelight Networks

$4.48

0.12 (2.75%)

, URI

United Rentals

$144.32

0.98 (0.68%)

17:32
10/18/17
10/18
17:32
10/18/17
17:32
Hot Stocks
On The Fly: After Hours Movers »

UP AFTER EARNINGS:…

LLNW

Limelight Networks

$4.48

0.12 (2.75%)

URI

United Rentals

$144.32

0.98 (0.68%)

KMI

Kinder Morgan

$18.58

-0.1 (-0.54%)

ADBE

Adobe

$153.00

2.62 (1.74%)

CNAT

Conatus

$5.15

0.05 (0.98%)

EBAY

eBay

$37.97

0.48 (1.28%)

HXL

Hexcel

$58.94

0.39 (0.67%)

CCI

Crown Castle

$100.96

-0.42 (-0.41%)

ESTE

Earthstone Energy

$10.54

-0.15 (-1.40%)

PEGI

Pattern Energy

RXDX

Ignyta

$16.25

1.9 (13.24%)

HCA

HCA Healthcare

$77.45

0.63 (0.82%)

KLAC

KLA-Tencor

$108.09

0.08 (0.07%)

03/08/13
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VMI

Valmont

$160.85

1.9 (1.20%)

17:31
10/18/17
10/18
17:31
10/18/17
17:31
Earnings
Valmont reports Q3 adjusted EPS $1.56, consensus $1.61 »

Reports Q3 revenue…

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  • 19

    Oct

AGEN

Agenus

$4.71

0.04 (0.86%)

17:31
10/18/17
10/18
17:31
10/18/17
17:31
Syndicate
Breaking Syndicate news story on Agenus »

Agenus files $250M mixed…

03/08/13
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  • 24

    Oct

PEGI

Pattern Energy

17:31
10/18/17
10/18
17:31
10/18/17
17:31
Hot Stocks
Pattern Energy sees Q3 operating loss greater than Q316 »

On October 18, Pattern…

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  • 19

    Oct

GE

General Electric

$23.12

-0.07 (-0.30%)

17:25
10/18/17
10/18
17:25
10/18/17
17:25
Periodicals
General Electric CEO cutting expenses, employees, WSJ reports »

General Electric's…

03/08/13
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  • 20

    Oct

UNB

Union Bankshares

$47.10

-0.8 (-1.67%)

17:20
10/18/17
10/18
17:20
10/18/17
17:20
Hot Stocks
Union Bankshares sees Q418 charge of $3.2M on plan termination »

On October 18, the board…

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OIS

Oil States

$23.75

-0.2 (-0.84%)

17:19
10/18/17
10/18
17:19
10/18/17
17:19
Earnings
Oil States lowers Q3 revenue view to $164M from $165M-$185M, consensus $177.77M »

Oil States anticipates…

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  • 27

    Oct

AXP

American Express

$92.08

0.39 (0.43%)

17:18
10/18/17
10/18
17:18
10/18/17
17:18
Hot Stocks
American Express says on track to cut $1B in costs by end of the year »

Says on track to cut $1B…

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  • 18

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  • 08

    Nov

OIS

Oil States

$23.75

-0.2 (-0.84%)

17:16
10/18/17
10/18
17:16
10/18/17
17:16
Hot Stocks
Breaking Hot Stocks news story on Oil States »

Oil States lowers Q3…

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  • 27

    Oct

AXP

American Express

$92.08

0.39 (0.43%)

17:08
10/18/17
10/18
17:08
10/18/17
17:08
Hot Stocks
American Express says 'right time' for leadership transition »

Comments taken from Q3…

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  • 18

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  • 08

    Nov

APRN

Blue Apron

$5.30

-0.08 (-1.49%)

17:06
10/18/17
10/18
17:06
10/18/17
17:06
Hot Stocks
Blue Apron to cut roughly 6% of total workforce, inclur roughly $3.5M in expense »

Blue Apron said in a…

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  • 02

    Nov

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