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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

TALO

Talos Energy

$29.85

-1.49 (-4.75%)

18:05
10/17/18
10/17
18:05
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18:05
Hot Stocks
Talos Energy reaches pact with Hokchi to cross-assign interests »

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STLD

Steel Dynamics

$40.55

0.29 (0.72%)

18:05
10/17/18
10/17
18:05
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18:05
Hot Stocks
Steel Dynamics CEO says 'delivered a tremendous third quarter performance' »

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STLD

Steel Dynamics

$40.55

0.29 (0.72%)

18:02
10/17/18
10/17
18:02
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18:02
Hot Stocks
Steel Dynamics CEO: We believe steel consumption will continue to be strong »

"We remain confident…

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STLD

Steel Dynamics

$40.55

0.29 (0.72%)

18:01
10/17/18
10/17
18:01
10/17/18
18:01
Earnings
Steel Dynamics reports Q3 adjusted EPS $1.69, consensus $1.64 »

Reports Q3 revenue $3.2B,…

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CRTO

Criteo

$23.00

-0.29 (-1.25%)

, RUBI

Rubicon Project

$3.77

-0.06 (-1.57%)

17:44
10/17/18
10/17
17:44
10/17/18
17:44
Periodicals
Advertising technology firm DataXu exploring sale, WSJ says »

DataXu, which offers…

CRTO

Criteo

$23.00

-0.29 (-1.25%)

RUBI

Rubicon Project

$3.77

-0.06 (-1.57%)

FUEL

Rocket Fuel

$0.00

(0.00%)

GOOG

Alphabet

$1,115.99

-4.12 (-0.37%)

FB

Facebook

$159.46

0.65 (0.41%)

03/08/13
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BTU

Peabody Energy

$36.09

-0.31 (-0.85%)

17:37
10/17/18
10/17
17:37
10/17/18
17:37
Hot Stocks
Peabody Energy increases quarterly dividend nearly 4% to 13c per share »

Peabody Energy announced…

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BDN

Brandywine Realty

$14.56

-0.11 (-0.75%)

17:34
10/17/18
10/17
17:34
10/17/18
17:34
Earnings
Brandywine Realty sees FY19 FFO $1.37-$1.47, consensus $1.44 »

Sees FY17 EPS 36c-46c,…

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  • 18

    Oct

BDN

Brandywine Realty

$14.56

-0.11 (-0.75%)

17:33
10/17/18
10/17
17:33
10/17/18
17:33
Earnings
Brandywine Realty narrows FY18 FFO view to $1.36-$1.40 from $1.35-$1.41 »

Consensus for FY18 FFO is…

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  • 18

    Oct

BDN

Brandywine Realty

$14.56

-0.11 (-0.75%)

17:32
10/17/18
10/17
17:32
10/17/18
17:32
Earnings
Brandywine Realty reports Q3 FFO 35c, consensus 35c »

Reports Q3 revenue…

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  • 18

    Oct

BPRN

Bank of Princeton

$30.75

-0.16 (-0.52%)

17:32
10/17/18
10/17
17:32
10/17/18
17:32
Hot Stocks
Bank of Princeton declares initial cash dividend of 3c per share »

This dividend will be…

03/08/13
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EBAY

eBay

$32.01

-0.25 (-0.77%)

, AMZN

Amazon.com

$1,832.81

14.81 (0.81%)

17:26
10/17/18
10/17
17:26
10/17/18
17:26
Periodicals
eBay sues Amazon, claims sellers were illegally poached, WSJ says »

eBay (EBAY) has filed a…

EBAY

eBay

$32.01

-0.25 (-0.77%)

AMZN

Amazon.com

$1,832.81

14.81 (0.81%)

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 17

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  • 03

    Mar

OIS

Oil States

$29.77

-0.13 (-0.43%)

17:18
10/17/18
10/17
17:18
10/17/18
17:18
Earnings
Oil States sees Q3 revenue at low end of $273M-$298M, consensus $288.81M »

Oil States announced…

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INTC

Intel

$45.90

-0.03 (-0.07%)

17:15
10/17/18
10/17
17:15
10/17/18
17:15
Periodicals
Intel 'shakes up' manufacturing unit amid production missteps, Oregonian says »

Sohail Ahmed, who has…

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  • 22

    Oct

NOC

Northrop Grumman

$309.25

-2.87 (-0.92%)

17:15
10/17/18
10/17
17:15
10/17/18
17:15
Hot Stocks
Northrop Grumman awarded $697.03M Navy contract »

Northrop Grumman doing…

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  • 24

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CCK

Crown Holdings

$47.64

-0.25 (-0.52%)

17:14
10/17/18
10/17
17:14
10/17/18
17:14
Hot Stocks
Crown Holdings CEO says Q3 performance 'solid' »

Commenting on the…

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  • 18

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PETQ

PetIQ

$34.46

-1.17 (-3.28%)

17:13
10/17/18
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17:13
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17:13
Hot Stocks
PetIQ announces strategic acquisition of HBH Enterprises »

PetIQ announced it has…

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CCK

Crown Holdings

$47.64

-0.25 (-0.52%)

17:10
10/17/18
10/17
17:10
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17:10
Hot Stocks
Crown Holdings sees FY18 adjusted free cash flow approximately $625M »

Sees FY19 adjusted free…

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  • 18

    Oct

ZS

Zscaler

$37.95

-1.11 (-2.84%)

17:09
10/17/18
10/17
17:09
10/17/18
17:09
Initiation
Zscaler initiated  »

Zscaler assumed with an…

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  • 17

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CCK

Crown Holdings

$47.64

-0.25 (-0.52%)

17:08
10/17/18
10/17
17:08
10/17/18
17:08
Hot Stocks
Breaking Hot Stocks news story on Crown Holdings »

Crown Holdings sees FY18…

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  • 18

    Oct

CCK

Crown Holdings

$47.64

-0.25 (-0.52%)

17:08
10/17/18
10/17
17:08
10/17/18
17:08
Earnings
Breaking Earnings news story on Crown Holdings »

Crown Holdings sees Q4…

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  • 18

    Oct

SYMC

Symantec

$20.57

-0.085 (-0.41%)

17:07
10/17/18
10/17
17:07
10/17/18
17:07
Initiation
Symantec initiated  »

Symantec assumed with a…

03/08/13
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  • 22

    Oct

  • 06

    Dec

CCK

Crown Holdings

$47.64

-0.25 (-0.52%)

17:07
10/17/18
10/17
17:07
10/17/18
17:07
Hot Stocks
Breaking Hot Stocks news story on Crown Holdings »

Crown Holdings says Q3…

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  • 18

    Oct

SPY

SPDR S&P 500 ETF Trust

$280.41

0.18 (0.06%)

, SPX

S&P 500

$0.00

(0.00%)

17:07
10/17/18
10/17
17:07
10/17/18
17:07
General news
U.S. Treasury: China continues to warrant placement on Monitoring List »

Says: "United States…

SPY

SPDR S&P 500 ETF Trust

$280.41

0.18 (0.06%)

SPX

S&P 500

$0.00

(0.00%)

03/08/13
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CCK

Crown Holdings

$47.64

-0.25 (-0.52%)

17:06
10/17/18
10/17
17:06
10/17/18
17:06
Earnings
Crown Holdings reports Q3 adjusted EPS $1.71, consensus $1.65 »

Reports Q3 revenue…

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  • 18

    Oct

RHT

Red Hat

$124.83

-0.71 (-0.57%)

17:06
10/17/18
10/17
17:06
10/17/18
17:06
Initiation
Red Hat initiated  »

Red Hat assumed with a…

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