Breaking News Instant updates and real-time market news.

WFC

Wells Fargo

$52.70

0.77 (1.48%)

08:07
04/13/18
04/13
08:07
04/13/18
08:07

Wells Fargo reports Q1-end loan balances down $9.5B from December 31, 2017

Wells Fargo reports total average loans were $951.0B in the first quarter, down $798M from the fourth quarter. Period-end loan balances were $947.3B at March 31, 2018, down $9.5B from December 31, 2017. Commercial loans were flat compared with December 31, 2017 with growth in commercial and industrial loans, largely offset by declines in commercial real estate loans. Consumer loans decreased $9.5B from the prior quarter.

  • 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

FTSV

Forty Seven

$15.80

0.1 (0.64%)

07:48
07/23/18
07/23
07:48
07/23/18
07:48
Initiation
Forty Seven initiated  »

Forty Seven initiated…

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

USLV

VelocityShares 3x Long Silver ETN

$8.04

0.305 (3.95%)

07:48
07/23/18
07/23
07:48
07/23/18
07:48
Technical Analysis
VelocityShares 3x Long Silver ETN: Pivot points »

The following are 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

ARPO

Aerpio Pharmaceuticals

$4.16

0.07 (1.71%)

07:48
07/23/18
07/23
07:48
07/23/18
07:48
Initiation
Aerpio Pharmaceuticals initiated  »

Aerpio Pharmaceuticals…

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

FTSV

Forty Seven

$15.80

0.1 (0.64%)

07:48
07/23/18
07/23
07:48
07/23/18
07:48
Initiation
Forty Seven initiated  »

Forty Seven initiated…

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

IYR

DJ US Real Estate Index Fund

$80.23

-0.68 (-0.84%)

07:48
07/23/18
07/23
07:48
07/23/18
07:48
Technical Analysis
DJ US Real Estate Index Fund: Pivot points »

The following are 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

NVT

nVent Electric

$24.60

-0.745 (-2.94%)

07:48
07/23/18
07/23
07:48
07/23/18
07:48
Hot Stocks
nVent Electric announces three-year share repurchase autorization of $500M »

The nVent board approved…

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

    Jul

IBB

iShares Nasdaq Biotechnology Index

$118.23

-0.14 (-0.12%)

07:47
07/23/18
07/23
07:47
07/23/18
07:47
Technical Analysis
iShares Nasdaq Biotechnology Index: Pivot points »

The following are 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

LABD

Daily S&P Biotech Bear 3x Shares

$22.08

0.1 (0.45%)

07:47
07/23/18
07/23
07:47
07/23/18
07:47
Technical Analysis
Daily S&P Biotech Bear 3x Shares: Pivot points »

The following are 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

NTGN

Neon Therapeutics

$11.11

0.11 (1.00%)

07:46
07/23/18
07/23
07:46
07/23/18
07:46
Initiation
Neon Therapeutics initiated  »

Neon Therapeutics…

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

NUVA

NuVasive

$53.64

-0.35 (-0.65%)

07:46
07/23/18
07/23
07:46
07/23/18
07:46
Conference/Events
NuVasive management to meet with BTIG »

Meeting to be held in San…

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

    Jul

  • 31

    Jul

  • 14

    Aug

  • 15

    Aug

  • 21

    Aug

  • 27

    Aug

CPTA

Capitala Finance

$8.65

0.0183 (0.21%)

07:46
07/23/18
07/23
07:46
07/23/18
07:46
Hot Stocks
Capitala Group leads $27.3M investment in Optio RX »

Capitala Group 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

  • 03

    Aug

NTGN

Neon Therapeutics

07:46
07/23/18
07/23
07:46
07/23/18
07:46
Initiation
Neon Therapeutics initiated  »

Neon Therapeutics…

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

EWH

MSCI Hong Kong Index

$24.40

0.245 (1.01%)

07:46
07/23/18
07/23
07:46
07/23/18
07:46
Recommendations
MSCI Hong Kong Index analyst commentary  »

MSCI Hong Kong Index:…

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

EWG

iShares MSCI Germany

$30.77

-0.075 (-0.24%)

07:46
07/23/18
07/23
07:46
07/23/18
07:46
Technical Analysis
iShares MSCI Germany: Pivot points »

The following are 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

FCAU

Fiat Chrysler

$19.33

-0.195 (-1.00%)

07:45
07/23/18
07/23
07:45
07/23/18
07:45
Periodicals
Fiat Chrysler's Europe chief Alfredo Altavilla resigns, Bloomberg reports »

Alfredo Altavilla, 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

IJR

iShares Core S&P Small Cap ETF

$86.72

-0.31 (-0.36%)

07:44
07/23/18
07/23
07:44
07/23/18
07:44
Technical Analysis
iShares Core S&P Small Cap ETF: Pivot points »

The following are 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

EEM

MSCI Emerging Markets Index

$43.97

0.64 (1.48%)

07:44
07/23/18
07/23
07:44
07/23/18
07:44
Technical Analysis
MSCI Emerging Markets Index: Pivot points »

The following are 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

BWA

BorgWarner

$44.37

-0.66 (-1.47%)

07:44
07/23/18
07/23
07:44
07/23/18
07:44
Recommendations
BorgWarner analyst commentary  »

BorgWarner price target…

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

    Jul

  • 18

    Sep

MPWR

Monolithic Power

$140.71

-1.05 (-0.74%)

07:44
07/23/18
07/23
07:44
07/23/18
07:44
Conference/Events
Monolithic Power management to meet with Oppenheimer »

Meeting 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

  • 25

    Jul

  • 26

    Jul

  • 30

    Jul

  • 14

    Aug

LITE

Lumentum

$54.35

-5.05 (-8.50%)

, AAPL

Apple

$191.29

-0.66 (-0.34%)

07:43
07/23/18
07/23
07:43
07/23/18
07:43
Recommendations
Lumentum, Apple analyst commentary  »

Lumentum price target…

LITE

Lumentum

$54.35

-5.05 (-8.50%)

AAPL

Apple

$191.29

-0.66 (-0.34%)

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

  • 31

    Jul

EWW

iShares MSCI Mexico

$50.47

0.37 (0.74%)

07:43
07/23/18
07/23
07:43
07/23/18
07:43
Technical Analysis
iShares MSCI Mexico: Pivot points »

The following are 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

AMRX

Amneal Pharmaceuticals

$18.52

0.03 (0.16%)

07:43
07/23/18
07/23
07:43
07/23/18
07:43
Initiation
Amneal Pharmaceuticals initiated  »

Amneal Pharmaceuticals…

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

    Aug

LAZ

Lazard

$50.83

-0.09 (-0.18%)

07:43
07/23/18
07/23
07:43
07/23/18
07:43
Conference/Events
Lazard 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

    Jul

  • 30

    Jul

  • 31

    Jul

UUP

PowerShares DB US Dollar Index Up

$24.95

-0.21 (-0.83%)

07:43
07/23/18
07/23
07:43
07/23/18
07:43
Technical Analysis
PowerShares DB US Dollar Index Up: Pivot points »

The following are 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

CMI

Cummins

$135.81

-1.93 (-1.40%)

07:42
07/23/18
07/23
07:42
07/23/18
07:42
Recommendations
Cummins analyst commentary  »

Cummins price target…

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

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.