Breaking News Instant updates and real-time market news.

BAC

Bank of America

$32.11

0.125 (0.39%)

13:32
03/20/18
03/20
13:32
03/20/18
13:32

BofA looks to sell some margin loans after Steinhoff loss, Bloomberg reports

Bank of America has reached out to rival lenders seeking to sell some riskier margin loans after losing $292M on soured credit to South African billionaire and former Steinhoff International chairman Christo Wiese, Bloomberg reports, citing people with knowledge of the matter. Senior staff at the bank have been reviewing the firm's portfolio in recent weeks to identify debts for potential sale and the bank is focusing on selling non-recourse, single-stock margin loans, which enable borrowers to put up shares of a company as collateral rather than a mix of securities. Reference Link

BAC Bank of America
$32.11

0.125 (0.39%)

01/18/18
BMOC
01/18/18
NO CHANGE
Target $34
BMOC
Market Perform
Bank of America price target raised to $34 from $31 at BMO Capital
BMO Capital analyst James Fotheringham raised his price target on Bank of America to $34 despite its "expense-driven" miss on Q4 earnings. Fotheringham says he remains bullish on banks based on the "indirect benefits of tax reform", while keeping his Market Perform rating on Bank of America given its two-year forward PE valuation trading around long-term historical average.
01/18/18
RBCM
01/18/18
NO CHANGE
Target $35
RBCM
Outperform
Bank of America price target raised to $35 from $30 at RBC Capital
RBC Capital analyst Gerard Cassidy raised his price target on Bank of America to $35, citing a "strong all around performance" in Q4 along with the bank's commitment to keeping a low expense and growing top line profile. Cassidy says the bank remains "rate sensitive" and expects some $3.3B in net interest income from a 100bps move in short term rates. The analyst also keeps his Outperform rating on Bank of America, pointing to a positive impact from a stronger U.S. economy on its businesses, along with the return of excess capital, supporting a higher stock price view.
01/31/18
DBAB
01/31/18
NO CHANGE
Target $15
DBAB
Sell
GE likely to be dropped from Dow 30 index, says Deutsche Bank
General Electric (GE) is likely to be dropped from the Dow Jones Industrial Average after being in the index of 30 companies for over 110 years as an original member since 1896, Deutsche Bank analyst John Inch tells investors in a research note. The chances that GE could be removed from the Dow are increasing as the company continues to face "substantial challenges," the analyst writes. These include "earnings and cash pressure, tough global power generation markets, aggressive downsizing, shrinking its portfolio, management shake-up and SEC investigations," Inch argues. He sees "headline risk" as the most significant risk factor if GE were to be dropped from the Dow, "potentially amplified by GE's high mix of retail investors." Inch notes that the last major Dow shakeup occurred in September 2003, when American Airlines (AAL), Bank of America (BAC) and Hewlett Packard (HPQ) were removed and Goldman Sachs (GS), Nike (NKE) and Verizon (VZ) were added. Inch has a Sell rating on General Electric with a $15 price target. The shares closed yesterday down 33c to $15.95.
02/02/18
MSCO
02/02/18
NO CHANGE
MSCO
BofA, JPMorgan, Citi best positioned for tougher CCAR test, says Morgan Stanley
Morgan Stanley analyst Betsy Graseck said she had expected an easier stress test from the Federal Reserve but that the 2018 CCAR test actually seems tougher than last year, given the more intense recessions and lower asset prices modeled in it. A tougher test makes her less optimistic on her strong payout growth expectations, said Graseck, who sees Bank of America (BAC), JPMorgan (JPM) and Citi (C) as best positioned to "weather the storm" and increase payouts given their resilient balance sheets and significant excess capital. She sees Goldman Sachs (GS), which recently cut buybacks, as at risk from a tougher test, which likely weighs on the bank's 2018 ask, Graseck added.

TODAY'S FREE FLY STORIES

ICLK

iClick Interactive Asia

$4.19

-0.1 (-2.33%)

, CTRP

Ctrip

$37.63

-0.645 (-1.69%)

05:28
09/26/18
09/26
05:28
09/26/18
05:28
Hot Stocks
iClick Interactive Asia enters collaboration with Ctrip »

iClick Interactive Asia…

ICLK

iClick Interactive Asia

$4.19

-0.1 (-2.33%)

CTRP

Ctrip

$37.63

-0.645 (-1.69%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

EDAP

EDAP TMS

$2.99

0.075 (2.57%)

05:26
09/26/18
09/26
05:26
09/26/18
05:26
Hot Stocks
EDAP TMS announces results of HIFU study by Houston Methodist Medical Center »

EDAP TMS announced the…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

CHEF

Chefs' Warehouse

$37.70

(0.00%)

05:25
09/26/18
09/26
05:25
09/26/18
05:25
Downgrade
Chefs' Warehouse rating change  »

Chefs' Warehouse…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

OMN

Omnova Solutions

$10.25

0.25 (2.50%)

05:25
09/26/18
09/26
05:25
09/26/18
05:25
Hot Stocks
Omnova Solutions acquires Resiquimica, terms not disclosed »

Omnova Solutions…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 26

    Sep

  • 27

    Sep

  • 13

    Nov

BFRA

Biofrontera

$13.82

(0.00%)

05:23
09/26/18
09/26
05:23
09/26/18
05:23
Hot Stocks
Biofrontera starts patient recruitment for U.S. Phase III trial of Ameluz »

Biofrontera AG announced…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 01

    Oct

FCFS

First Cash Financial

$83.03

0.625 (0.76%)

05:22
09/26/18
09/26
05:22
09/26/18
05:22
Initiation
First Cash Financial initiated  »

First Cash Financial…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 30

    Oct

  • 06

    Nov

TFX

Teleflex

$270.60

1.69 (0.63%)

05:21
09/26/18
09/26
05:21
09/26/18
05:21
Hot Stocks
NeoTract announces results from 5 real-world studies of UroLift System »

NeoTract, a wholly owned…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 09

    Oct

  • 08

    Nov

SONC

Sonic

$43.46

6.85 (18.71%)

05:21
09/26/18
09/26
05:21
09/26/18
05:21
Upgrade
Sonic rating change  »

Sonic upgraded to Equal…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 06

    Nov

TFX

Teleflex

$270.60

1.69 (0.63%)

05:19
09/26/18
09/26
05:19
09/26/18
05:19
Hot Stocks
NeoTract announces results of 2 studies of novel UroLift System »

NeoTract, a wholly owned…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 09

    Oct

  • 08

    Nov

ICAGY

IAG

$0.00

(0.00%)

05:18
09/26/18
09/26
05:18
09/26/18
05:18
Downgrade
IAG rating change  »

IAG downgraded to Neutral…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

FTI

TechnipFMC

$32.55

0.79 (2.49%)

05:17
09/26/18
09/26
05:17
09/26/18
05:17
Hot Stocks
TechnipFMC signs strategic collaboration agreement with Equinor »

TechnipFMC has signed a…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 26

    Sep

  • 25

    Oct

AMZN

Amazon.com

$1,974.50

40 (2.07%)

05:17
09/26/18
09/26
05:17
09/26/18
05:17
Hot Stocks
Amazon expands grocery delivery, pickup from Whole Foods to more cities »

Amazon and Whole Foods…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 26

    Sep

  • 04

    Oct

INO

Inovio

$5.05

0.22 (4.55%)

05:14
09/26/18
09/26
05:14
09/26/18
05:14
Recommendations
Inovio analyst commentary  »

Piper remains buyer of…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 01

    Oct

ATVI

Activision Blizzard

$80.50

-0.11 (-0.14%)

05:11
09/26/18
09/26
05:11
09/26/18
05:11
Recommendations
Activision Blizzard analyst commentary  »

Activision Blizzard price…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

TNDM

TNDM

05:09
09/26/18
09/26
05:09
09/26/18
05:09
Recommendations
TNDM analyst commentary  »

Tandem Diabetes price…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 27

    Nov

LOXO

Loxo Oncology

$166.80

3.73 (2.29%)

, BPMC

Blueprint Medicines

$75.20

3.64 (5.09%)

05:06
09/26/18
09/26
05:06
09/26/18
05:06
Recommendations
Loxo Oncology, Blueprint Medicines analyst commentary  »

Loxo RET inhibitor still…

LOXO

Loxo Oncology

$166.80

3.73 (2.29%)

BPMC

Blueprint Medicines

$75.20

3.64 (5.09%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 26

    Sep

  • 26

    Nov

  • 27

    Nov

MTB

M&T Bank

$168.53

-1.6 (-0.94%)

05:02
09/26/18
09/26
05:02
09/26/18
05:02
Upgrade
M&T Bank rating change  »

M&T Bank upgraded to…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

STM

STMicroelectronics

$19.10

0.07 (0.37%)

04:59
09/26/18
09/26
04:59
09/26/18
04:59
Upgrade
STMicroelectronics rating change  »

STMicroelectronics…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

VIAB

Viacom

$32.48

-0.11 (-0.34%)

, VIA

Viacom

$34.80

0.05 (0.14%)

04:55
09/26/18
09/26
04:55
09/26/18
04:55
Upgrade
Viacom, Viacom, CBS rating change  »

Viacom upgraded to Buy…

VIAB

Viacom

$32.48

-0.11 (-0.34%)

VIA

Viacom

$34.80

0.05 (0.14%)

CBS

CBS

$56.54

-0.07 (-0.12%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 27

    Sep

XOXO

XO Group

$34.91

7.29 (26.39%)

04:55
09/26/18
09/26
04:55
09/26/18
04:55
Downgrade
XO Group rating change  »

XO Group downgraded to…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

MRVL

Marvell

$18.58

-0.31 (-1.64%)

04:55
09/26/18
09/26
04:55
09/26/18
04:55
Conference/Events
Marvell management to meet with UBS »

Meetings to be held in…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 26

    Sep

  • 08

    Oct

04:55
09/26/18
09/26
04:55
09/26/18
04:55
General news
Breaking General news story  »

FOMC Forecasts to be…

EOG

EOG Resources

$125.67

1.675 (1.35%)

, WFT

Weatherford

$2.73

0.035 (1.30%)

04:55
09/26/18
09/26
04:55
09/26/18
04:55
Conference/Events
Credit Suisse to hold a non tour »

4th Annual Oil & Gas…

EOG

EOG Resources

$125.67

1.675 (1.35%)

WFT

Weatherford

$2.73

0.035 (1.30%)

OXY

Occidental Petroleum

$81.31

0.57 (0.71%)

COG

Cabot Oil & Gas

$23.24

0.035 (0.15%)

NFX

Newfield Exploration

$29.24

-0.52 (-1.75%)

FRAC

Keane Group

$12.86

0.27 (2.14%)

MRO

Marathon Oil

$22.50

0.17 (0.76%)

MUR

Murphy Oil

$32.55

-0.21 (-0.64%)

SLB

Schlumberger

$62.54

0.955 (1.55%)

APC

Anadarko

$66.83

0.82 (1.24%)

NOV

National Oilwell

$43.44

-0.04 (-0.09%)

RIG

Transocean

$13.98

0.19 (1.38%)

HES

Hess Corp.

$71.61

-0.41 (-0.57%)

NBR

Nabors Industries

$6.14

-0.085 (-1.37%)

OAS

Oasis Petroleum

$13.92

0.26 (1.90%)

COP

ConocoPhillips

$78.11

1.05 (1.36%)

APA

Apache

$47.78

0.29 (0.61%)

BHGE

Baker Hughes

$33.48

0.64 (1.95%)

HA

Hawaiian Holdings

$38.75

-0.35 (-0.90%)

CVX

Chevron

$123.38

0.72 (0.59%)

FTI

TechnipFMC

$32.55

0.79 (2.49%)

HAL

Halliburton

$41.36

0.28 (0.68%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 26

    Sep

  • 26

    Sep

  • 29

    Sep

  • 01

    Oct

  • 04

    Oct

  • 05

    Oct

  • 19

    Oct

  • 22

    Oct

  • 24

    Oct

  • 25

    Oct

  • 25

    Oct

  • 26

    Oct

  • 29

    Oct

  • 02

    Nov

FBP

First BanCorp

$9.01

0.085 (0.95%)

04:55
09/26/18
09/26
04:55
09/26/18
04:55
Conference/Events
First BanCorp management to meet with Sandler O'Neill »

Meetings to be held in…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 26

    Sep

  • 27

    Sep

  • 28

    Sep

  • 25

    Oct

PREKF

PrairieSky Royalty

$0.00

(0.00%)

04:55
09/26/18
09/26
04:55
09/26/18
04:55
Conference/Events
PrairieSky Royalty management to meet with TD Securities »

Meetings to be held in…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 26

    Sep

  • 27

    Sep

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.