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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%)

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.
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.
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.
01/18/18
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.

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HPJ

Highpower International

$3.13

0.03 (0.97%)

08:34
04/26/19
04/26
08:34
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08:34
Hot Stocks
Highpower International receives additional commitment from consortium »

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INTC

Intel

$57.59

-1.13 (-1.92%)

08:34
04/26/19
04/26
08:34
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08:34
Recommendations
Intel analyst commentary  »

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CVX

Chevron

$117.93

-0.38 (-0.32%)

08:33
04/26/19
04/26
08:33
04/26/19
08:33
Earnings
Chevron reports Q1 EPS $1.39, consensus $1.30 »

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PRO

Pros Holdings

$45.06

-0.25 (-0.55%)

08:31
04/26/19
04/26
08:31
04/26/19
08:31
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Pros Holdings analyst commentary  »

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AKAO

Achaogen

$0.00

(0.00%)

08:30
04/26/19
04/26
08:30
04/26/19
08:30
Options
One new option listing and one option delisting on April 26th »

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AMZN

Amazon.com

$1,902.53

1.81 (0.10%)

08:29
04/26/19
04/26
08:29
04/26/19
08:29
Recommendations
Amazon.com analyst commentary at Deutsche Bank »

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PRO

Pros Holdings

$45.06

-0.25 (-0.55%)

08:28
04/26/19
04/26
08:28
04/26/19
08:28
Earnings
ProsHoldings sees Q2 EPS (11c) to (9c), consensus (12c) »

In its earnings…

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  • 07

    May

BC

Brunswick

$48.51

-6.01 (-11.02%)

08:28
04/26/19
04/26
08:28
04/26/19
08:28
Recommendations
Brunswick analyst commentary at Longbow »

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  • 08

    May

PETX

Aratana Therapeutics

$3.45

0.03 (0.88%)

, ELAN

Elanco

$32.42

0.33 (1.03%)

08:26
04/26/19
04/26
08:26
04/26/19
08:26
Conference/Events
Elanco Animal Health to hold a conference call »

Management discusses the…

PETX

Aratana Therapeutics

$3.45

0.03 (0.88%)

ELAN

Elanco

$32.42

0.33 (1.03%)

03/08/13
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  • 08

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TSLA

Tesla

$247.51

-11.19 (-4.33%)

08:25
04/26/19
04/26
08:25
04/26/19
08:25
Periodicals
Tesla's Musk, SEC ask for more time again over Twitter controvery, Reuters says »

According to Reuters,…

03/08/13
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GT

Goodyear Tire

$19.56

-0.54 (-2.69%)

08:23
04/26/19
04/26
08:23
04/26/19
08:23
Hot Stocks
Breaking Hot Stocks news story on Goodyear Tire »

Goodyear Tire up 7% to…

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  • 26

    Apr

F

Ford

$9.41

-0.17 (-1.77%)

08:22
04/26/19
04/26
08:22
04/26/19
08:22
Periodicals
DOJ opens criminal investigation into Ford, Reuters reports »

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  • 01

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ZFGN

Zafgen

$2.55

0.17 (7.14%)

08:22
04/26/19
04/26
08:22
04/26/19
08:22
Initiation
Zafgen initiated  »

Zafgen initiated with a…

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$DJT

DJ Transportation Average

$0.00

(0.00%)

08:20
04/26/19
04/26
08:20
04/26/19
08:20
Technical Analysis
DJ Transportation Average: Pivot points »

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$DJU

DJ Utility Average

$0.00

(0.00%)

08:20
04/26/19
04/26
08:20
04/26/19
08:20
Technical Analysis
DJ Utility Average: Pivot points »

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DJX

Dow Jones Industrial Average

$0.00

(0.00%)

08:20
04/26/19
04/26
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08:20
Technical Analysis
Dow Jones Industrial Average: Pivot points »

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IYT

iShares Transportation Average

$194.95

-4.58 (-2.30%)

08:20
04/26/19
04/26
08:20
04/26/19
08:20
Technical Analysis
iShares Transportation Average: Pivot points »

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XLK

Technology Select Sector SPDR

$78.85

-0.03 (-0.04%)

08:19
04/26/19
04/26
08:19
04/26/19
08:19
Technical Analysis
Technology Select Sector SPDR: Pivot points »

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XLE

Energy Select Sector SPDR

$67.07

-0.23 (-0.34%)

08:19
04/26/19
04/26
08:19
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08:19
Technical Analysis
Energy Select Sector SPDR: Pivot points »

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XLY

Consumer Discretionary Sector SPDR

$119.70

-0.65 (-0.54%)

08:19
04/26/19
04/26
08:19
04/26/19
08:19
Technical Analysis
Consumer Discretionary Sector SPDR: Pivot points »

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XLB

S&P Select Materials SPDR

$56.60

-0.73 (-1.27%)

08:19
04/26/19
04/26
08:19
04/26/19
08:19
Technical Analysis
S&P Select Materials SPDR: Pivot points »

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XLU

Utilities SPDR

$58.03

0.245 (0.42%)

08:18
04/26/19
04/26
08:18
04/26/19
08:18
Technical Analysis
Utilities SPDR: Pivot points »

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XLP

Consumer Staples Sector SPDR

$56.47

-0.36 (-0.63%)

08:18
04/26/19
04/26
08:18
04/26/19
08:18
Technical Analysis
Consumer Staples Sector SPDR: Pivot points »

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XLV

Health Care Select Sector SPDR

$88.19

0.97 (1.11%)

08:18
04/26/19
04/26
08:18
04/26/19
08:18
Technical Analysis
Health Care Select Sector SPDR: Pivot points »

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IWM

iShares Trust Russell 2000 Index Fund

$156.75

-1.27 (-0.80%)

08:18
04/26/19
04/26
08:18
04/26/19
08:18
Technical Analysis
iShares Trust Russell 2000 Index Fund: Pivot points »

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