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WFC

Wells Fargo

$52.70

0.77 (1.48%)

08:00
04/13/18
04/13
08:00
04/13/18
08:00

Wells Fargo reports Q1 EPS $1.12, consensus $1.07

Reports Q1 revenue $21.9B, consensus $21.75B.

  • 13

    Apr

  • 30

    May

WFC Wells Fargo
$52.70

0.77 (1.48%)

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

SNAP

Snap

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-0.155 (-1.16%)

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Square

$70.41

0.11 (0.16%)

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SQ

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EVER

EverQuote

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0.43 (2.45%)

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VFC

VF Corp.

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3.74 (4.19%)

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SPOT

Spotify

$182.65

0.49 (0.27%)

, P

Pandora

$8.20

0.005 (0.06%)

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SPOT

Spotify

$182.65

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Pandora

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  • 26

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SHOP

Shopify

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0.04 (0.02%)

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  • 31

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BIIB

Biogen

$358.72

0.55 (0.15%)

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  • 24

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GDDY

GoDaddy

$78.49

0.25 (0.32%)

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  • 02

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EVER

EverQuote

$17.99

0.43 (2.45%)

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  • 06

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WCG

WellCare

$256.13

0.545 (0.21%)

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  • 31

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MOH

Molina Healthcare

$106.16

0.64 (0.61%)

07:20
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  • 01

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CNC

Centene

$135.45

0.175 (0.13%)

07:19
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  • 24

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OMER

Omeros

$19.63

-0.42 (-2.09%)

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LOVE

Lovesac

$20.84

0.07 (0.34%)

07:19
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BJ

BJ's Wholesale

$25.90

0.23 (0.90%)

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FOX

21st Century Fox

$45.69

-0.5 (-1.08%)

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SESN

Sesen Bio

$1.86

-0.05 (-2.62%)

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ITCI

Intra-Cellular

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RYB

RYB Education

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HCLP

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  • 01

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ACRE

Ares Commercial

$13.99

-0.05 (-0.36%)

07:13
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  • 26

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BPL

Buckeye Partners

$33.10

0.01 (0.03%)

07:13
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  • 03

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BV

BrightView

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HCLP

Hi-Crush Partners

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  • 01

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