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BK

BNY Mellon

$55.78

-0.2 (-0.36%)

11:35
02/15/18
02/15
11:35
02/15/18
11:35

BNY Mellon put volume heavy and directionally bearish

Bearish flow noted in BNY Mellon with 2,885 puts trading, or 1.3x expected. Most active are 3/2 weekly 55 puts and Feb-18 55.5 puts, with total volume in those strikes near 2,500 contracts. The Put/Call Ratio is 5.50, while ATM IV is up over 1 point on the day. Earnings are expected on April 19th.

  • 08

    Mar

BK BNY Mellon
$55.78

-0.2 (-0.36%)

01/10/18
01/10/18
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. Wells Fargo (WFC) upgraded to Neutral from Underweight at Atlantic Equities by analyst John Heagerty, as his analysis leads him to increase his FY18 EPS view by 11% on average for the banks he covers. He also sees positive secondary effects for the banks from higher U.S. GDP growth. Heagerty raised his price target on Wells Fargo shares to $64 from $55. The analyst also upgraded Morgan Stanley (MS) to Overweight this morning, citing the same analysis of the potential benefits from tax reform. 2. Deere upgraded to Outperform from Sector Perform at RBC Capital by analyst Seth Weber, who said he is positive on the company's leadership position in North American farm machinery which is stabilizing and exposure to the earth moving equipment category. The analyst is also constructive on Deere's recent Wirten Group acquisition. 3. Target (TGT) upgraded to Positive from Neutral at Susquehanna. 4. State Street (STT) and BNY Mellon (BK) upgraded to Buy from Neutral at Citi, with analyst Keith Horowitz saying he thinks the trust banks are the best way to play the digital transformation to the cloud and finds the current valuation as attractive. 5. RBS (RBS) upgraded to Overweight from Equal Weight at Morgan Stanley. Analyst Alvaro Serrano also downgraded Barclays (BCS) and Lloyds Banking (LYG). This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
01/19/18
JPMS
01/19/18
DOWNGRADE
Target $55.5
JPMS
Underweight
BNY Mellon downgraded to Underweight from Neutral at JPMorgan
JPMorgan analyst Vivek Juneja downgraded Bank of New York Mellon to Underweight saying that while the new CEO is taking the right steps, his moves will result in "sizable" restructuring charges in 2018. The analyst believes the bank needs to continue to invest in technology to offset pricing pressure and maintain leadership position in the servicing business. As such, Juneja thinks tax reform will not materially boost BNY Mellon's earnings in the near term. He has a $55.50 price target for the shares.
01/19/18
MSCO
01/19/18
UPGRADE
MSCO
Overweight
BNY Mellon upgraded to Overweight from Equal Weight at Morgan Stanley
01/19/18
01/19/18
UPGRADE
Target $64

Overweight
Morgan Stanley upgrades BNY Mellon, says reaction to investments overblown
As previously reported, Morgan Stanley analyst Betsy Graseck upgraded BNY Mellon to Overweight from Equal Weight, contending that the negative reaction in the stock following management's report of plans to reinvest the "vast majority" of tax savings is overblown. However, Graseck previously highlighted that new CEO Charlie Scharf could slow the pace of operating leverage and lower taxes provide an excellent opportunity to reinvest in the business without sacrificing EPS growth, she tells investors. Given that trust banks are at the nexus of "the next big wave of Fin-Tech disruption," namely corporate payments, Graseck believes tech investments should drive share gains for BNY Mellon, she added. The analyst raised her price target on BNY Mellon shares to $64 from $60.

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BLK

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FB

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SNHY

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CCL

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LUV

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CUB

Cubic

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CREE

Cree

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DB

Deutsche Bank

$16.08

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MNLO

Menlo Therapeutics

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SHPG

Shire

$134.06

-1.24 (-0.92%)

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CVR

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TOT

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SBGI

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CMCSA

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CMCSK

Comcast

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III

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CAT

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WOR

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0.57 (1.24%)

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VJET

voxeljet

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LLY

Eli Lilly

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