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C

Citi

$71.93

-0.73 (-1.00%)

06:56
05/17/18
05/17
06:56
05/17/18
06:56

Citi gets $7.3M fine in Hong Kong for work sponsoring an IPO, Bloomberg says

Citi was fined $7.3M by the Hong Kong Securities and Futures Commission for "substandard" advisory work and due diligence on a listing application for an IPO the bank was sponsoring, according to Bloomberg. The fine does not place any constraints on Citi's business activities in Hong Kong.Reference Link

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C Citi
$71.93

-0.73 (-1.00%)

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.
04/11/18
HSBC
04/11/18
UPGRADE
Target $85
HSBC
Buy
Citi upgraded to Buy from Hold at HSBC
HSBC analyst Alevizos Alevizakos upgraded Citi to Buy and raised his price target for the shares to $85 from $82. The analyst sees improved profitability in the near-term, driven by U.S. dollar depreciation and tax reform, re-rating the shares higher. He believes the market is not fully appreciating Citi's leading credit card franchise and its growth prospects in Mexico.
04/11/18
04/11/18
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. Citi (C) upgraded to Buy from Hold at HSBC with analyst Alevizos Alevizakos saying he sees improved profitability in the near-term, driven by U.S. dollar depreciation and tax reform, re-rating the shares higher. 2. BHP Billiton (BHP) upgraded to Buy from Hold at Deutsche Bank with analyst Liam Fitzpatrick saying the shares offer compelling value at current levels. 3. Mattel (MAT) upgraded to Hold from Underperform at Jefferies with analyst Stephanie Wissink saying the company's near-term risks are largely known and priced into the shares. 4. AeroVironment (AVAV) upgraded to Buy from Hold at Stifel with analyst Joseph DeNardi saying he sees the company benefiting from tailwinds including an improving defense budget environment, a heightened global threat environment, and "as strong a pipeline of opportunities" as he has seen in ten years. 5. Helmerich & Payne (HP) upgraded to Market Perform from Underperform at Wells Fargo with analyst Judson Bailey citing strength in the land rig market. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
04/17/18
BMOC
04/17/18
NO CHANGE
Target $34
BMOC
Market Perform
Bank of America is the best of the 'big four' U.S. banks, says BMO Capital
BMO Capital analyst James Fotheringham kept his Market Perform rating and $34 price target on Bank of America (BAC) after its in-line Q1 earnings but raised his FY18 EPS view to $2.62 from $2.59 and FY19 view to $3.18 from $3.12. Fotheringham says than in contrast, he lowered earnings forecasts for JPMorgan (JPM), Wells Fargo (WFC), and Citigroup (C) because of higher costs and lower revenues, but Bank of America's better than expected net interest income rise justifies his view of the bank as the "best of the bunch". The analyst also notes the bank's more favorable valuation trading at a below-average two-year-forward P/E multiple despite his forecast of double the core earnings growth rate of Bank of America's peers.

TODAY'S FREE FLY STORIES

IBM

IBM

$144.44

0.98 (0.68%)

17:56
07/18/18
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17:56
Hot Stocks
IBM says its well in advance of its prior cycle »

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AXP

American Express

$102.98

1.84 (1.82%)

17:45
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17:45
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Breaking Hot Stocks news story on American Express »

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CENX

Century Aluminum

$14.90

0.13 (0.88%)

, AA

Alcoa

$47.90

-0.105 (-0.22%)

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Hot Stocks
Century Aluminum falls after peer Alcoa cuts EBITDA view »

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CENX

Century Aluminum

$14.90

0.13 (0.88%)

AA

Alcoa

$47.90

-0.105 (-0.22%)

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AMZN

Amazon.com

$1,842.36

-1.64 (-0.09%)

, CSCO

Cisco

$42.20

-0.13 (-0.31%)

17:34
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17:34
Periodicals
Amazon not planning to challenge Cisco with switch sales, MarketWatch says »

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AMZN

Amazon.com

$1,842.36

-1.64 (-0.09%)

CSCO

Cisco

$42.20

-0.13 (-0.31%)

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DISCA

Discovery

$26.57

0.18 (0.68%)

, DISCK

Discovery Inc.

$24.78

0.17 (0.69%)

17:33
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Hot Stocks
Discovery extends contract for president, CEO David Zaslav »

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DISCA

Discovery

$26.57

0.18 (0.68%)

DISCK

Discovery Inc.

$24.78

0.17 (0.69%)

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AXP

American Express

$102.98

1.84 (1.82%)

17:32
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07/18
17:32
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17:32
Hot Stocks
Breaking Hot Stocks news story on American Express »

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IRDM

Iridium

$17.85

-0.35 (-1.92%)

17:29
07/18/18
07/18
17:29
07/18/18
17:29
Hot Stocks
Breaking Hot Stocks news story on Iridium »

Van Berkom reports 4.9%…

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  • 26

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DDR

DDR Corp.

$13.88

-0.46 (-3.21%)

17:29
07/18/18
07/18
17:29
07/18/18
17:29
Syndicate
Breaking Syndicate news story on DDR Corp. »

DDR Corp. files to sell…

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EBAY

eBay

$37.95

0.13 (0.34%)

17:28
07/18/18
07/18
17:28
07/18/18
17:28
Hot Stocks
eBay says significant product changes scheduled for 2H18 »

Says will "continue…

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AXP

American Express

$102.98

1.84 (1.82%)

17:26
07/18/18
07/18
17:26
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17:26
Hot Stocks
American Express: Over 60% of loan growth in Q2 came from existing customers »

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EBAY

eBay

$37.95

0.13 (0.34%)

17:24
07/18/18
07/18
17:24
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17:24
Hot Stocks
eBay says strong U.S. dollar to negatively impact FY18 revenue »

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  • 18

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RESN

Resonant

$4.68

-0.14 (-2.90%)

17:17
07/18/18
07/18
17:17
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17:17
Hot Stocks
Resonant engages LHA for strategic investor relations services »

Resonant announced it has…

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  • 14

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KMI

Kinder Morgan

$17.78

0.09 (0.51%)

17:16
07/18/18
07/18
17:16
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17:16
Hot Stocks
Kinder Morgan CEO Steve Kean comments on Kinder Morgan Canada Limited »

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  • 18

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IBM

IBM

$144.44

0.98 (0.68%)

17:15
07/18/18
07/18
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17:15
Hot Stocks
IBM says Q2 revenue performance was driven by security and cloud segments »

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IWSY

ImageWare

$0.00

(0.00%)

17:15
07/18/18
07/18
17:15
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17:15
Hot Stocks
ImageWare extends global reach into Japanese market with TwoFive pact »

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LMT

Lockheed Martin

$319.86

2.48 (0.78%)

17:15
07/18/18
07/18
17:15
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17:15
Hot Stocks
Lockheed Martin awarded $164M U.S. Department of Defense contract modification »

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  • 24

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SWK

Stanley Black & Decker

$138.27

2.57 (1.89%)

17:14
07/18/18
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17:14
Hot Stocks
Stanley Black & Decker raises quarterly dividend 3c to 66c per share »

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  • 20

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BA

Boeing

$360.23

3.28 (0.92%)

17:14
07/18/18
07/18
17:14
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17:14
Hot Stocks
Boeing awarded $264M U.S. Department of Defense contract »

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  • 25

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TAC

TransAlta

$5.30

0.05 (0.95%)

17:13
07/18/18
07/18
17:13
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17:13
Hot Stocks
TransAlta retires Sundance Unit 2 »

TransAlta announced that,…

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  • 03

    Aug

IWSY

ImageWare

$0.00

(0.00%)

17:13
07/18/18
07/18
17:13
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17:13
Hot Stocks
ImageWare provides interim sales update »

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MWA

Mueller Water

$11.93

0.16 (1.36%)

17:13
07/18/18
07/18
17:13
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17:13
Hot Stocks
Mueller Water names Steven Heinrichs chief compliance officer »

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  • 07

    Aug

EBAY

eBay

$37.95

0.13 (0.34%)

17:12
07/18/18
07/18
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17:12
Hot Stocks
eBay says expects core GMV growth acceleration in 2H18 »

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  • 18

    Jul

SPWH

Sportsman's Warehouse

$5.23

-0.16 (-2.97%)

17:11
07/18/18
07/18
17:11
07/18/18
17:11
Syndicate
Sportsman's Warehouse files to sell 2.82M shares of common stock for holders »

D.A. Davidson & Co.…

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  • 19

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FB

Facebook

$209.35

-0.64 (-0.30%)

17:09
07/18/18
07/18
17:09
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17:09
Periodicals
Facebook to start removing false info meant to incite violence, CNBC says »

Facebook intends to start…

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  • 25

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CCK

Crown Holdings

$45.12

-0.265 (-0.58%)

17:08
07/18/18
07/18
17:08
07/18/18
17:08
Earnings
Crown Holdings lowers FY18 EPS view to $5.15-$5.30 from $5.35-$5.55 »

Consesnsu $5.39. The…

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