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USB

U.S. Bancorp

$56.02

0.71 (1.28%)

09:57
02/15/18
02/15
09:57
02/15/18
09:57

U.S. Bancorp announces resolution finalizing legacy BSA/AML matters

U.S. Bancorp, parent company of U.S. Bank, announced that it has resolved previously disclosed matters related to its Bank Secrecy Act and Anti-Money Laundering compliance programs with the U.S. Attorney's Office for the Southern District of New York, the Office of the Comptroller of the Currency, the Federal Reserve Board and the Financial Crimes Enforcement Network. Under the resolution, the company will pay a total of $613M, reflecting the penalties assessed by each agency. The company has fully reserved for this resolution and, accordingly, there is no further financial impact. "Today's resolution finalizes legacy matters involving our AML compliance program. We regret and have accepted responsibility for the past deficiencies in our AML program. Our culture of ethics and integrity demands that we do better. One of U.S. Bank's key priorities is to maintain an exceptional AML program and we are confident in the strength of the program we have in place today," said Andy Cecere, President and CEO, U.S. Bank.

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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.

TODAY'S FREE FLY STORIES

CLIR

ClearSign Combustion

$2.35

-0.2 (-7.84%)

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GE

General Electric

$14.50

0.13 (0.90%)

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QVCA

QVC Group

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0.07 (0.25%)

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REI

Ring Energy

$14.82

-0.77 (-4.94%)

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Ring Energy 53.6M share Spot Secondary priced at $14.00 »

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FDX

FedEx

$245.43

2.13 (0.88%)

09:00
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Upgrade
FedEx rating change  »

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W

Wayfair

$73.95

-21.74 (-22.72%)

09:00
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Wayfair analyst commentary  »

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FSNN

Fusion Telecommunications

$2.85

0.05 (1.79%)

08:59
02/23/18
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Fusion Telecommunications analyst commentary  »

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DLPH

Delphi Technologies

$50.15

0.11 (0.22%)

08:58
02/23/18
02/23
08:58
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08:58
Conference/Events
Delphi Technologies management to meet with RBC Capital »

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DLPH

Delphi Technologies

$50.15

0.11 (0.22%)

08:57
02/23/18
02/23
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08:57
Conference/Events
Delphi Technologies management to meet with RBC Capital »

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TVTY

Tivity Health

08:56
02/23/18
02/23
08:56
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08:56
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Tivity Health analyst commentary  »

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SSTK

Shutterstock

$46.35

1.77 (3.97%)

08:55
02/23/18
02/23
08:55
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08:55
Recommendations
Shutterstock analyst commentary  »

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  • 05

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GE

General Electric

$14.50

0.13 (0.90%)

, BAC

Bank of America

$31.69

-0.18 (-0.56%)

08:55
02/23/18
02/23
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02/23/18
08:55
Options
Notable open interest changes for February 23rd »

Thursday's total…

GE

General Electric

$14.50

0.13 (0.90%)

BAC

Bank of America

$31.69

-0.18 (-0.56%)

AMD

AMD

$11.84

0.12 (1.02%)

ILG

ILG

$32.28

-0.03 (-0.09%)

03/08/13
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SLCA

U.S. Silica

08:55
02/23/18
02/23
08:55
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08:55
Recommendations
U.S. Silica analyst commentary  »

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  • 30

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08:55
02/23/18
02/23
08:55
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08:55
Conference/Events
The Washington Journal to hold a discussion on tax reform »

Tim Huelskamp, President…

VOYA

Voya Financial

$50.71

0.19 (0.38%)

08:54
02/23/18
02/23
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08:54
Conference/Events
Voya Financial management to meet with RBC Capital »

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HSC

Harsco

$19.60

2.85 (17.01%)

08:53
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  • 26

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FARO

FARO Technologies

$60.25

6.25 (11.57%)

08:51
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ZBRA

Zebra Technologies

$135.24

14.89 (12.37%)

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FARO

FARO Technologies

$60.35

6.35 (11.76%)

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JPM

JPMorgan

$114.98

-0.21 (-0.18%)

, MS

Morgan Stanley

$54.86

-0.24 (-0.44%)

08:50
02/23/18
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Conference/Events
EnerCom to hold a conference »

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JPM

JPMorgan

$114.98

-0.21 (-0.18%)

MS

Morgan Stanley

$54.86

-0.24 (-0.44%)

BAC

Bank of America

$31.69

-0.18 (-0.56%)

GS

Goldman Sachs

$261.43

-1.97 (-0.75%)

DB

Deutsche Bank

$16.43

-0.14 (-0.84%)

FMSA

Fairmount Santrol

$4.67

0.07 (1.52%)

CLB

Core Laboratories

$107.33

2.79 (2.67%)

FTK

Flotek

$6.06

0.32 (5.57%)

NBR

Nabors Industries

$6.68

0.24 (3.73%)

03/08/13
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BUFF

Blue Buffalo Pet Products

$34.12

-0.68 (-1.95%)

, GIS

General Mills

$54.95

0.47 (0.86%)

08:48
02/23/18
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02/23/18
08:48
Technical Analysis
Technical Take: General Mills falls on Blue Buffalo acquisition »

In early trading the…

BUFF

Blue Buffalo Pet Products

$34.12

-0.68 (-1.95%)

GIS

General Mills

$54.95

0.47 (0.86%)

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COGT

Cogint

$2.90

-0.3 (-9.38%)

08:48
02/23/18
02/23
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08:48
Hot Stocks
Cogint subsidiary acquires minority interest in Dragonchain, terms not disclosed »

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IMMR

Immersion

, AAPL

Apple

$172.50

1.43 (0.84%)

08:46
02/23/18
02/23
08:46
02/23/18
08:46
Recommendations
Immersion, Apple, Samsung, Fitbit, Motorola Solutions analyst commentary  »

Immersion price target…

IMMR

Immersion

AAPL

Apple

$172.50

1.43 (0.84%)

SSNLF

Samsung

FIT

Fitbit

$5.20

-0.21 (-3.88%)

MSI

Motorola Solutions

$104.73

-0.26 (-0.25%)

03/08/13
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TMQ

Trilogy Metals

$1.45

0.01 (0.69%)

08:46
02/23/18
02/23
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02/23/18
08:46
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Trilogy Metals analyst commentary  »

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  • 11

    Mar

ZAYO

Zayo Group

$35.72

-1.01 (-2.75%)

08:45
02/23/18
02/23
08:45
02/23/18
08:45
Hot Stocks
Zayo Group to sell Scott-Rice Telephone for $42M »

Zayo Group Holdings…

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