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WFC

Wells Fargo

$56.50

0.37 (0.66%)

09:02
02/13/18
02/13
09:02
02/13/18
09:02

Wells Fargo adds AI enhancement to mobile app

Wells Fargo & Company announced that mobile banking deposit customers nationwide now have access to a predictive banking feature that analyzes account information, providing mobile app users with tailored account insights and personalized financial guidance. The feature is the latest in a series of innovations aimed at providing customers a more comprehensive view of their finances, and increased control to advance their financial health and meet financial goals. Insights range from flagging higher-than-normal automatic monthly payments so that customers may look into a change to a reoccurring bill, to reminding a customer to transfer money from savings to a checking account to avoid a possible upcoming overdraft. Conversely, if a customer has more money than usual in a particular month, they may be prompted to transfer money into savings. Currently there are over 50 different prompts a customer can receive based on past and expected future account activity, with plans to continue adding new insights regularly. The feature will expand to small business and credit card customers later this year. Visit Wells Fargo Stories to see this technology in action.

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WFC Wells Fargo
$56.50

0.37 (0.66%)

02/05/18
02/05/18
DOWNGRADE
Target $64

Underweight
Wells Fargo downgraded two notches to Underweight at Morgan Stanley
Morgan Stanley analyst Betsy Graseck downgraded Wells Fargo two notches, to Underweight from Overweight, and cut her price target on the stock to $64 from $75 after the "unprecedented" Fed consent order that was reported after the close on Friday. The consent order will force Wells to shrink some businesses in order to keep their assets flat, noted Graseck, stating that the order makes it unlikely that the bank can take full advantage of stronger economic growth and its significant excess capital. Even after the order is lifted, which Graseck assumes will be in the first quarter of 2019, Wells may have lower loan growth than peers as it will have to work hard to recover from the reputational damage and rebuild lost relationships, she contends.
02/05/18
RBCM
02/05/18
DOWNGRADE
RBCM
Underperform
Wells Fargo downgraded to Underperform at RBC Capital after Fed action
As reported earlier, RBC Capital analyst Gerard Cassidy downgraded Wells Fargo two notches to Underperform from Outperform and cut his price target to $50 from $65. Cassidy cites the latest regulatory action against the bank by the Fed which prohibits its balance sheet from growing. The analyst notes that he was surprised by the Fed's Cease and Desist Order given the investment made by the bank to remedy its sales practices issues.
02/05/18
UBSW
02/05/18
NO CHANGE
Target $63
UBSW
Neutral
Wells Fargo consent order a material setback, says UBS
UBS analyst Saul Martinez views Wells Fargo's consent order as a material setback, as the company will be unable to grow its assets until the Fed approves plans to improve board oversight and governance and overall compliance and operational risk management. Martinez maintained his Neutral rating and $63 price target on Wells Fargo shares.
02/05/18
02/05/18
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. Wells Fargo (WFC) downgraded to Market Perform from Outperform at Keefe Bruyette, to Neutral from Buy at Citi, to Underperform from Outperform at RBC Capital, to Underweight from Neutral at JPMorgan, and two notches to Underweight from Overweight at Morgan Stanley. 2. Dick's Sporting (DKS) downgraded to Underweight from Equal Weight at Barclays with analyst Matthew McClintock saying sentiment on the shares have improved over the past month under the narrative that Dick's could become the next Best Buy (BBY). 3. Amgen (AMGN) downgraded to Neutral from Overweight at Atlantic Equities with analyst Steve Chesney citing relative valuation and more balanced risk/reward on Repatha's commercial trajectory and the of legacy biologics given biosimilar, branded and IP risks. 4. Marathon Petroleum (MPC) and MPLX (MPLX) were downgraded to Hold from Buy at Jefferies. 5. VMware (VMW) downgraded to Neutral from Buy at Citi with analyst Walter Pritchard saying he sees "no easy deal" for Dell and expects the overhang to cap VMware shares around the $138 level. 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

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CBI

CB&I

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TM

Toyota

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ZNGA

Zynga

$3.59

0.02 (0.56%)

12:30
02/20/18
02/20
12:30
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Conference/Events
Zynga management to meet with Benchmark »

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12:28
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Cantor analysts to hold an analyst/industry conference call »

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QTNA

Quantenna Communications

$14.10

0.01 (0.07%)

12:27
02/20/18
02/20
12:27
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12:27
Conference/Events
Quantenna Communications management to meet with Benchmark »

Meetings to be held in…

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BHP

BHP Billiton

$46.62

-2.07 (-4.25%)

12:25
02/20/18
02/20
12:25
02/20/18
12:25
Downgrade
BHP Billiton rating change  »

BHP Billiton downgraded…

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QNTA

Quanta Capital Hldgs

12:25
02/20/18
02/20
12:25
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12:25
Conference/Events
Quanta Capital Hldgs management to meet with Benchmark »

Meetings to be held in…

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MRVL

Marvell

$22.68

-0.06 (-0.26%)

12:25
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Options
Marvell call volume above normal and directionally bullish »

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MRVL

Marvell

$22.68

-0.06 (-0.26%)

, CAVM

Cavium

$87.16

-0.09 (-0.10%)

12:25
02/20/18
02/20
12:25
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Conference/Events
Cavium to host special shareholder meeting »

Special Shareholder…

MRVL

Marvell

$22.68

-0.06 (-0.26%)

CAVM

Cavium

$87.16

-0.09 (-0.10%)

03/08/13
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  • 20

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12:25
02/20/18
02/20
12:25
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Conference/Events
UBS airlines analyst holds an analyst/industry conference call »

Analyst Genovesi, along…

SCI

Service Corp.

$38.65

-0.2 (-0.51%)

12:25
02/20/18
02/20
12:25
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12:25
Conference/Events
Service Corp. to host investor day »

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WMT

Walmart

$95.22

-9.56 (-9.12%)

12:21
02/20/18
02/20
12:21
02/20/18
12:21
Recommendations
Walmart analyst commentary  »

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WMT

Walmart

$95.23

-9.55 (-9.11%)

, HD

Home Depot

$189.64

2.67 (1.43%)

12:17
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02/20
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General news
On The Fly: Top stock stories at midday »

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WMT

Walmart

$95.23

-9.55 (-9.11%)

HD

Home Depot

$189.64

2.67 (1.43%)

NXPI

NXP Semiconductors

$118.50

1.58 (1.35%)

QCOM

Qualcomm

$64.85

-0.43 (-0.66%)

AVGO

Broadcom

$248.89

-2.94 (-1.17%)

RAD

Rite Aid

$2.21

0.0801 (3.76%)

MDXG

MiMedx

$14.47

-0.96 (-6.22%)

UBNT

Ubiquiti

$74.04

-1.25 (-1.66%)

VYGR

Voyager Therapeutics

$19.36

0.19 (0.99%)

ABBV

AbbVie

$120.79

2.19 (1.85%)

FOGO

Fogo De Chao

$12.55

-0.15 (-1.18%)

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$NSD

NASDAQ Market Internals

12:17
02/20/18
02/20
12:17
02/20/18
12:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

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$NYE

NYSE Market Internals

12:16
02/20/18
02/20
12:16
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Technical Analysis
NYSE market internals summary »

Volume is average for…

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VALE

Vale

$14.23

0.105 (0.74%)

12:15
02/20/18
02/20
12:15
02/20/18
12:15
Options
Vale put volume heavy and directionally bearish »

Bearish flow noted in…

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EFII

Electronics for Imaging

$28.11

0.04 (0.14%)

12:10
02/20/18
02/20
12:10
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12:10
Conference/Events
Electronics for Imaging management to meet with Loop Capital »

Meeting to be held in…

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03/06/13
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BHP

BHP Billiton

$46.89

-1.8 (-3.70%)

12:09
02/20/18
02/20
12:09
02/20/18
12:09
Downgrade
BHP Billiton rating change  »

BHP Billiton downgraded…

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03/08/13
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03/06/13
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MYL

Mylan

$41.63

-0.51 (-1.21%)

12:05
02/20/18
02/20
12:05
02/20/18
12:05
Options
Mylan call volume above normal and directionally bullish »

Bullish option flow…

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12:05
02/20/18
02/20
12:05
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12:05
General news
Euro$ interest rate futures are mostly lower »

Euro$ interest rate…

SYNT

Syntel

$26.87

1.16 (4.51%)

12:03
02/20/18
02/20
12:03
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12:03
Conference/Events
Syntel management to meet with Loop Capital »

Group luncheon to be held…

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  • 20

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HSIC

Henry Schein

$69.52

1.14 (1.67%)

12:00
02/20/18
02/20
12:00
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12:00
Downgrade
Henry Schein rating change  »

Henry Schein downgraded…

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12:00
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General news
FX Action: USD-JPY »

FX Action: USD-JPY has…

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