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WFC

Wells Fargo

$53.18

0.945 (1.81%)

13:31
04/09/18
04/09
13:31
04/09/18
13:31

CFPB seeks fine as high as $1B against Wells Fargo, Reuters reports

The Consumer Financial Protection Bureau is seeking a fine against Wells Fargo that could exceed several hundred million dollars for auto insurance and mortgage lending abuses, Reuters reports, citing three sources with knowledge of the plans. Settlement terms have not been finalized but CFPB head Mick Mulvaney is pushing for a figure as high as $1B, two sources told Reuters. Shares of Wells Fargo are up 87c to $53.10 in afternoon trading. Reference Link

  • 13

    Apr

  • 30

    May

WFC Wells Fargo
$53.18

0.945 (1.81%)

02/21/18
MSCO
02/21/18
NO CHANGE
Target $136
MSCO
Overweight
Morgan Stanley sees JPMorgan turning tax savings into market share gains
Morgan Stanley analyst Betsy Graseck raised her 2022 EPS estimate for JPMorgan (JPM) by 2%, or 34c, stating that she expects the bank to reach top 5 in the 15-20 new markets it previously said it will use a part of its tax savings reinvestments to enter. The 34c in EPS she estimates JPMorgan can add by building out its presence in 20 new markets by 2022 is "far more compelling" than using the same amount of money to buy back stock, which would increase 2022 EPS only 5c, said Graseck. The analyst sees about a third of JPMorgan's new deposit share gains to come from Wells Fargo (WFC) and cut her 2022 EPS forecast for the latter by 1.2%. Graseck keeps an Overweight rating on JPMorgan ahead of the bank's February 27 investor day and increased her price target on the stock to $136 from $133.
03/06/18
RHCO
03/06/18
INITIATION
Target $25
RHCO
Buy
Cardlytics initiated with a Buy at SunTrust
SunTrust analyst Youssef Squali initiated Cardlytics (CDLX) with a Buy rating and a price target of $25. Squali contends that the discount with which this "leader in the $11B native ad bank market trade" should close once investors become familiar with its "limited inventory, large partnerships and lack of easily identifiable publicly-traded comps", looking beyond the company's longer sales cycle. The analyst also points to Cardlytics pilot partnership with Wells Fargo (WFC) in first party data collection, which could roll out nationwide in 2019 and create more significant revenue growth.
04/05/18
UBSW
04/05/18
UPGRADE
Target $60
UBSW
Buy
Wells Fargo upgraded to Buy from Neutral at UBS
UBS analyst Raul Martinez upgraded Wells Fargo (WFC) to Buy while lowering his price target for the shares to $60 from $63. The stock's "substantial" underperformance has created a buying opportunity, Martinez tells investors in a research note. He believes the market is discounting a "sizable" reduction in earnings power versus current estimates. The right sizing of Wells' expense base and capital optimization should eventually help drive improved earnings and profitability, Martinez contends. The analyst this morning also upgraded shares of Citi (C) to Buy from Neutral.
04/05/18
04/05/18
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. Merck (MRK) upgraded to Overweight from Equal Weight at Barclays with analyst Geoffrey Meacham saying he believes the company will continue to take share in first-line lung cancer, driven by positive KN-189 and KN-042 data. 2. Acuity Brands (AYI) upgraded to Outperform from Market Perform at JMP Securities with analyst Joseph Osha saying he believes the stock is finally trading at a "reasonable valuation based on reasonable expectations." 3. AMD (AMD) upgraded to Buy from Hold at Stifel with analyst Kevin Cassidy citing valuation and the company's margin expansion potential. 4. Tiffany (TIF) upgraded to Buy from Hold at Loop Capital with analyst Laura Champine saying her initial meeting with the company's new CEO Alessandro Bogliogo added to her confidence. 5. Citi (C) and Wells Fargo (WFC) were upgraded to Buy from Neutral at UBS. 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

TYL

Tyler Technologies

$187.30

-0.28 (-0.15%)

09:20
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BSX

Boston Scientific

$36.21

-0.46 (-1.25%)

09:20
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09:20
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09:20
General news
U.S. November Empire State index rose 2.2 points to 23.3 »

U.S. November Empire…

SYNC

Synacor

$1.77

0.04 (2.31%)

09:18
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Synacor says over 80 new customers deployed Zimbra in Q3 »

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TST

TheStreet

$1.97

0.17 (9.44%)

09:18
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TheStreet analyst commentary  »

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TRNO

Terreno Realty

$38.86

0.01 (0.03%)

09:18
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Terreno Realty acquires property in Santa Fe Springs for $6.4M »

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SPX

S&P 500

$0.00

(0.00%)

, VIX

Volatility Index S&P 500 Options

$0.00

(0.00%)

09:18
11/15/18
11/15
09:18
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09:18
Options
Overnight activity included 416 trades in SPX and 42 trades in VIX »

416 trades were executed…

SPX

S&P 500

$0.00

(0.00%)

VIX

Volatility Index S&P 500 Options

$0.00

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DSX

Diana Shipping

$3.21

-0.08 (-2.43%)

09:16
11/15/18
11/15
09:16
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09:16
Hot Stocks
Diana Shipping announces time charter contract with Hudson Shipping Lines »

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  • 26

    Nov

HE

Hawaiian Electric

$37.80

0.12 (0.32%)

09:16
11/15/18
11/15
09:16
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09:16
Downgrade
Hawaiian Electric rating change  »

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PRGS

Progress Software

$32.39

0.01 (0.03%)

09:16
11/15/18
11/15
09:16
11/15/18
09:16
Conference/Events
Progress Software management to meet with Wedbush »

Meeting to be held in San…

03/08/13
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  • 15

    Nov

FBK

FB Financial

$37.72

-0.65 (-1.69%)

, ACBI

Atlantic Capital

$15.40

-0.62 (-3.87%)

09:15
11/15/18
11/15
09:15
11/15/18
09:15
Conference/Events
Atlantic Capital to hold a conference call »

Management discusses the…

FBK

FB Financial

$37.72

-0.65 (-1.69%)

ACBI

Atlantic Capital

$15.40

-0.62 (-3.87%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
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  • 15

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    Dec

SPB

Spectrum Brands

$64.75

0.55 (0.86%)

, ENR

Energizer

$55.95

-2.13 (-3.67%)

09:15
11/15/18
11/15
09:15
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09:15
Hot Stocks
Spectrum to sell auto care business to Energizer, amends battery deal »

Spectrum Brands (SPB)…

SPB

Spectrum Brands

$64.75

0.55 (0.86%)

ENR

Energizer

$55.95

-2.13 (-3.67%)

03/08/13
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  • 15

    Nov

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09:15
11/15/18
11/15
09:15
11/15/18
09:15
General news
Fed Chairman Powell will take part in a listening session »

Fed Chairman Powell will…

AMD

AMD

$20.82

1.21 (6.17%)

09:14
11/15/18
11/15
09:14
11/15/18
09:14
Hot Stocks
AMD unveils Radeon RX 590 graphics card »

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DEI

Douglas Emmett

$35.66

-0.26 (-0.72%)

09:13
11/15/18
11/15
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09:13
Upgrade
Douglas Emmett rating change  »

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AWK

American Water

$90.40

-0.77 (-0.84%)

09:13
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Pennsylvania American Water agrees to acquire Steelton Borough assets for $22.5M »

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GOOS

Canada Goose

$64.33

5.73 (9.78%)

09:12
11/15/18
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Canada Goose analyst commentary  »

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AMZN

Amazon.com

$1,599.16

-32.52 (-1.99%)

09:12
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Amazon previews Black Friday Deals Week »

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  • 28

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JCP

J.C. Penney

$1.23

-0.05 (-3.91%)

09:11
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Breaking Hot Stocks news story on J.C. Penney »

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  • 15

    Nov

CSCO

Cisco

$44.35

-0.78 (-1.73%)

09:10
11/15/18
11/15
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09:10
Recommendations
Cisco analyst commentary  »

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  • 26

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FTR

Frontier Communications

$3.71

-0.19 (-4.87%)

09:10
11/15/18
11/15
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09:10
Hot Stocks
Frontier Communications responds to California wildfires »

With wildfires impacting…

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MDGS

Medigus

$3.15

(0.00%)

09:10
11/15/18
11/15
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09:10
Hot Stocks
Medigus board announces cost reduction measures »

Medigus issued a letter…

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AWI

Armstrong World

$66.00

-1.94 (-2.86%)

09:10
11/15/18
11/15
09:10
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09:10
Conference/Events
Armstrong World to hold a conference call »

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  • 15

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TPNL

3PEA International

$3.81

-0.06 (-1.55%)

09:09
11/15/18
11/15
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09:09
Hot Stocks
3PEA International names Robert Strobo general counsel, chief legal officer »

On November 9th, 3PEA…

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WMT

Walmart

$101.58

-1.37 (-1.33%)

09:09
11/15/18
11/15
09:09
11/15/18
09:09
Recommendations
Walmart analyst commentary  »

Walmart reported…

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  • 15

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