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USB

U.S. Bancorp

$56.02

0.71 (1.28%)

09:56
02/15/18
02/15
09:56
02/15/18
09:56

Federal Reserve Board fines U.S. Bancorp $15M

The Federal Reserve Board ordered US Bancorp to improve risk management and oversight of its banking subsidiaries' compliance with U.S. economic sanctions, and Bank Secrecy Act and anti-money-laundering requirements. The Board also required US Bancorp to ensure that firm personnel make timely and complete disclosures to regulatory authorities and imposed a $15M penalty. Under the terms of the Board's consent cease and desist order, US Bancorp must strengthen oversight of firmwide risk-management and compliance programs for preventing violations of anti-money-laundering and U.S. sanctions laws and put in place procedures to ensure it provides adequate and complete responses to examiner inquiries. In a separate action, the U.S. Department of Justice announced the execution of a deferred prosecution agreement with US Bancorp for violations of the Bank Secrecy Act that occurred at its national bank subsidiary. The deferred prosecution agreement provides for a $528M forfeiture by US Bancorp. In addition, the Office of the Comptroller of the Currency and the Financial Crimes Enforcement Network announced penalties of $75M and $185M respectively against U.S. Bancorp's national bank subsidiary for violations of the Bank Secrecy Act. Reference Link

  • 06

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  • 30

    May

USB U.S. Bancorp
$56.02

0.71 (1.28%)

01/18/18
RBCM
01/18/18
NO CHANGE
Target $61
RBCM
Outperform
U.S. Bancorp price target raised to $61 from $57 at RBC Capital
RBC Capital analyst Gerard Cassidy raised his price target on U.S. Bancorp to $61 after a Q4 earnings beat. Cassidy says the bank sports a "peer leading reported core ROAA of 1.33% and ROACE of 13.4%" in the quarter, while also showing "improving loan quality". The analyst keeps his Outperform rating on U.S. Bancorp.
01/25/18
DBAB
01/25/18
UPGRADE
Target $63
DBAB
Buy
U.S. Bancorp upgraded to Buy from Hold at Deutsche Bank
Deutsche Bank analyst Matt O'Connor upgraded U.S. Bancorp to Buy and raised his price target for the shares to $63 from $60. The analyst believes U.S. Bancorp's loan growth should pick up and expects its fee revenues to accelerate in the second half of 2018.
01/31/18
JPMS
01/31/18
DOWNGRADE
Target $58.5
JPMS
Underweight
U.S. Bancorp downgraded to Underweight from Neutral at JPMorgan
JPMorgan analyst Vivek Juneja downgraded U.S. Bancorp to Underweight with an unchanged price target of $58.50. The benefit from tax cuts and improving consumer spending are likely to be offset by increased tech spending, Juneja tells investors in a research note. The analyst sees the company's dividend growth lagging peers.
01/31/18
01/31/18
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. Apple (AAPL) downgraded to Market Perform from Outperform at BMO Capital with analyst Tim Long saying that while the press has recently speculated about the order cuts for iPhone X, which he says reflects his first quarter model for a "weaker mix," he is "more concerned by a secular change" for the iPhone product. AK Steel (AKS) downgraded to Underperform from Buy at BofA/Merrill with analyst Timna Tanners saying AK Steel's "disappointing" first quarter and normalized earnings guidance is due to management's "commodity neutral approach," which limits benefits from higher steel prices. 3. U.S. Bancorp (USB) downgraded to Underweight from Neutral at JPMorgan with analyst Vivek Juneja saying the benefit from tax cuts and improving consumer spending are likely to be offset by increased tech spending. 4. Wayfair (W) downgraded to Accumulate from Buy at Gordon Haskett analyst Chuck Grom saying he believes it is important to remain disciplined with the stock at an all-time high, though Grom notes the rating change should not be interpreted as a concern for near-term sales trends, which he believes appear strong. 5. MetLife (MET) downgraded to Buy from Conviction Buy at Goldman Sachs with analyst Alex Scott citing ongoing uncertainty from an expanded reserve review following the announcement it will incur a $525M-$575M charge. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

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$175.87

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JPMorgan

$101.08

0.03 (0.03%)

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$55.77

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TIK

Tel-Instrument

$3.05

(0.00%)

, SGMS

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$3.05

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SGMS

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$15.77

-1.31 (-7.67%)

XPO

XPO Logistics

$44.33

-15.92 (-26.42%)

COST

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$226.41

-1.41 (-0.62%)

ADBE

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$247.71

2.27 (0.92%)

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$5.00

0.42 (9.17%)

SBUX

Starbucks

$66.90

0.8 (1.21%)

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  • 13

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NXST

Nexstar

$85.78

-1.98 (-2.26%)

, SBGI

Sinclair Broadcast

$28.74

-1.2 (-4.01%)

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Nexstar

$85.78

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Sinclair Broadcast

$28.74

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HBM

Hudbay Minerals

$4.79

-0.11 (-2.24%)

18:18
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Hudbay Minerals says Waterton has withdrawn its special meeting requisition »

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  • 28

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FB

Facebook

$145.07

0.81 (0.56%)

, T

AT&T

$29.91

-0.26 (-0.86%)

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Facebook seeks to sell cable TV subscriptions, Recode says »

Facebook (FB) is seeking…

FB

Facebook

$145.07

0.81 (0.56%)

T

AT&T

$29.91

-0.26 (-0.86%)

CBS

CBS

$47.90

-0.76 (-1.56%)

LGF.A

Lionsgate

$15.75

-0.87 (-5.23%)

LGF.B

Lionsgate

$14.60

-0.635 (-4.17%)

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QCOM

Qualcomm

$58.09

0.36 (0.62%)

, AAPL

Apple

$170.93

1.84 (1.09%)

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QCOM

Qualcomm

$58.09

0.36 (0.62%)

AAPL

Apple

$170.93

1.84 (1.09%)

INTC

Intel

$48.29

0.46 (0.96%)

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  • 08

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XPO

XPO Logistics

$44.33

-15.92 (-26.42%)

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XPO Logistics says report from short selling firm 'intentionally misleading' »

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EQNR

Equinor

$22.97

0.08 (0.35%)

18:08
12/13/18
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Downgrade
Equinor rating change at Goldman Sachs »

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EQNR

Equinor

$22.97

0.08 (0.35%)

18:03
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Downgrade
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AAPL

Apple

$170.93

1.84 (1.09%)

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Apple Connect to shut down in 2019, Apple Insider says »

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LOB

Live Oak Bancshares

$15.19

0.09 (0.60%)

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Live Oak Bancshares President Neil Lawrence Underwood buys 15,546 shares »

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SBUX

Starbucks

$66.90

0.8 (1.21%)

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Starbucks slips after cutting long-term EPS target »

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  • 13

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AAPL

Apple

$170.93

1.84 (1.09%)

17:53
12/13/18
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Periodicals
Apple Connect to shut down in 2019 »

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HESM

Hess Midstream Partners

$19.93

0.5 (2.57%)

17:53
12/13/18
12/13
17:53
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17:53
Recommendations
Hess Midstream Partners analyst commentary at MUFG »

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ADBE

Adobe

$247.71

2.27 (0.92%)

17:46
12/13/18
12/13
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Hot Stocks
Adobe says adding Marketo immediately adds revenue growth »

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  • 13

    Dec

AES

AES Corp.

$15.78

-0.11 (-0.69%)

17:45
12/13/18
12/13
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Conference/Events
AES Corp. management to meet with SunTrust »

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  • 13

    Dec

MTN

Vail Resorts

$221.16

-3.77 (-1.68%)

17:42
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Vail Resorts director John Sorte sells over $500,000 in company shares »

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YECO

Yulong Eco-Materials

$5.00

0.42 (9.17%)

17:42
12/13/18
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Yulong Eco-Materials delisting from Nasdaq »

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OLP

One Liberty Properties

$26.17

-0.09 (-0.34%)

17:42
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Hot Stocks
One Liberty Properties acquires industrial property in Missouri for $10M »

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UNFI

United Natural Foods

$11.58

-1.18 (-9.25%)

17:38
12/13/18
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Hot Stocks
United Natural Foods Chairman Steven Spinner buys 18,000 shares »

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EME

Emcor

$64.78

-1.07 (-1.62%)

17:37
12/13/18
12/13
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Initiation
Emcor initiated at Maxim »

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