Breaking News Instant updates and real-time market news.

JPM

JPMorgan

$106.80

0.31 (0.29%)

, WFC

Wells Fargo

$56.02

-0.08 (-0.14%)

20:25
07/12/18
07/12
20:25
07/12/18
20:25

Notable companies reporting before tomorrow's open

Notable companies reporting before tomorrow's open, with earnings consensus, include JPMorgan (JPM), consensus $2.22... Wells Fargo (WFC), consensus $1.12... Citigroup (C), consensus $1.56... PNC Financial (PNC), consensus $2.58... First Republic Bank (FRC), consensus $1.17.

JPM

JPMorgan

$106.80

0.31 (0.29%)

WFC

Wells Fargo

$56.02

-0.08 (-0.14%)

C

Citi

$68.54

0.57 (0.84%)

PNC

PNC Financial

$138.00

0.34 (0.25%)

FRC

First Republic

$98.38

-0.61 (-0.62%)

  • 12

    Jul

  • 12

    Jul

  • 13

    Jul

  • 13

    Jul

  • 13

    Jul

  • 13

    Jul

  • 13

    Jul

  • 12

    Oct

  • 12

    Oct

  • 14

    Jan

  • 12

    Apr

  • 15

    Apr

  • 13

    Jul

  • 13

    Jul

  • 12

    Oct

JPM JPMorgan
$106.80

0.31 (0.29%)

06/29/18
DBAB
06/29/18
NO CHANGE
DBAB
Deutsche declares Wells Fargo, SunTrust, Huntington the CCAR winners
Deutsche Bank analyst Matt O'Connor views Wells Fargo (WFC), SunTrust (STI) and Huntington Bancshares (HBAN) as the winners of the Federal Reserve's Comprehensive Capital Analysis and Review. The banks separately disclosed planned dividend increases and buybacks for the next four quarters, O'Connor tells investors in a research note. He points out that while JPMorgan (JPM), KeyCorp (KEY) and M&T Bank (MTB) "all used the mulligan," he does not view this as negative.
06/21/18
BERN
06/21/18
NO CHANGE
BERN
Amazon/JPMorgan/Berkshire venture still negative for drug supply chain, says Bernstein
Bernstein analyst Lance Wilkes notes that Amazon (AMZN), Berkshire Hathaway (BRK.A; BRK.B) and JPMorgan (JPM) announced the appointment of Atul Gawande as the CEO of their new healthcare joint venture, effective July 9th. The analyst sees this appointment as indicating an emphasis on enablement of change in the system, along with thought and policy leadership, and believes the appointment of an operating oriented President or COO could refine the outlook for scope. Wilkes continues to see this venture as negative for drug supply chain and self-insured employer oriented MCOs.
07/09/18
GSCO
07/09/18
NO CHANGE
GSCO
Bank of America, Morgan Stanley top ideas into Q2 earnings season, says Goldman Sachs
Goldman Sachs analyst Richard Ramsden expects Bank of America (BAC) and Morgan Stanley (MS) to beat consensus estimates in Q2. The analyst argues that both appear best positioned, while he sees risk for U.S. Bancorp (USB) and JPMorgan (JPM). Ramsden highlights Bank of America given the material valuation dislocation that looks to support the stock over time. Additionally, the analyst expects an expense and NII beat for Morgan Stanley.
06/08/18
BERN
06/08/18
NO CHANGE
BERN
Bernstein offers list of possible CEOs for Amazon-Berkshire-JPMorgan venture
After Berkshire' (BRK.A) Warren Buffett and JPMorgan's (JPM) Jamie Dimon announced on CNBC that they have selected a CEO for their healthcare joint venture with Amazon (AMZN) and added that they would announce the name in about two weeks, Bernstein analyst Lance Wilkes noted that Geisinger CEO David Feinberg denied accepting the position and said he is committed to Geisinger. The ultimate choice of the CEO will inform on the intended scope of the NewCo and how the companies will prioritize strategic direction and needed capabilities, said Wilkes, who offered a list of potential CEO candidates that includes Gary Loveman, Rick Jelinek, Matt Manders, Patrick Conway, Amir Rubin, Owen Tripp, Chris Grant, Marc Harrison, Andy Slavitt, Todd Park and Peter Orszag.
WFC Wells Fargo
$56.02

-0.08 (-0.14%)

07/02/18
MSCO
07/02/18
UPGRADE
MSCO
Equal Weight
Wells Fargo upgraded to Equal Weight from Underweight at Morgan Stanley
07/02/18
07/02/18
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. RPM (RPM) upgraded to Neutral from Underweight at JPMorgan with analyst Jeffrey Zekauskas saying he believes investors are now more willing to pay a higher multiple for RPM EBITDA because of new possibilities of cost reduction, changes in capital structure, or overall changes to the company given the involvement of activist Elliott Management. 2. Capital One (COF) upgraded to Outperform from Neutral at Credit Suisse with analyst Moshe Orenbuch citing improving credit quality, ahead of the industry. 3. Wells Fargo (WFC) upgraded to Equal Weight from Underweight at Morgan Stanley with analyst Betsy Graseck stating that the bank's passing the 2018 CCAR stress test removes an overhang and indicates to her that the Fed is receptive of the changes Wells is making. 4. ZTE Corp. (ZTCOY) upgraded to Buy from Underperform at Jefferies with analyst Edison Lee saying Li Zixue becoming Chairman of the Board is an important step toward meeting the conditions of the company's settlement with the U.S. 5. Curtiss-Wright (CW) upgraded to Outperform from Market Perform at William Blair with analyst Nicholas Heymann saying the valuation is "compelling" following the recent correction in the shares. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/02/18
07/02/18
UPGRADE
Target $62

Equal Weight
Wells Fargo upgraded to Equal Weight after CCAR test pass at Morgan Stanley
As previously reported, Morgan Stanley analyst Betsy Graseck upgraded Wells Fargo to Equal Weight from Underweight, stating that the bank's passing the 2018 CCAR stress test removes an overhang and indicates to her that the Fed is receptive of the changes Wells is making. Not only did Wells pass, the Fed approved buybacks that were almost twice her estimates, Graseck tells investors. Higher buybacks took her EPS estimate up 4% and Graseck raised her price target on Wells Fargo shares to $62 from $57.
06/29/18
06/29/18
NO CHANGE

Goldman says Wells Fargo, Huntington, Regions among biggest winners of CCAR
Goldman Sachs analyst Richard Ramsden said the Fed's CCAR results came in largely better than expected, calling Wells Fargo (WFC), Huntington Bancshares (HBAN), Regions Financial (RF), SunTrust (STI) and Fifth Third (FITB) the biggest relative winners in his view. He believes the market will be focused on banks' 25% dividend growth announcements and believes the CCAR results can be a catalyst for a relief rally.
C Citi
$68.54

0.57 (0.84%)

06/20/18
DBAB
06/20/18
UPGRADE
Target $76
DBAB
Buy
Citi upgraded to Buy from Hold at Deutsche Bank
Deutsche Bank analyst Matt O'Connor upgraded Citi (C) to Buy and raised his price target for the shares to $76 from $74. The analyst also calls Goldman Sachs (GS) and Wells Fargo (WFC) his top picks ahead of the Q2 reporting season.
06/29/18
OPCO
06/29/18
NO CHANGE
Target $88
OPCO
Outperform
Oppenheimer says 'particularly pleased' with Citi's $17.6B share buyback
Following the release of CCAR results for 2018, Oppenheimer analysts Chris Kotowski and Ben Chittenden told investors in a research note that they are "particularly pleased" with Citi's (C) $17.6B share buyback, up 13% from last year and above their $16.5B estimate, while the dividend increase to 45c was also 5c better than expected. The analysts noted that both Goldman (GS) and Morgan Stanley (MS) got "conditional passes" on their capital plans, as both banks "ran a bit afoul" of the supplementary leverage ratio limitation.
05/17/18
DAIW
05/17/18
DOWNGRADE
DAIW
Buy
Citi downgraded to Buy from Strong Buy at Daiwa
06/20/18
06/20/18
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 Deutsche Bank. 2. BT Group (BT) upgraded to Buy from Hold at Jefferies with analyst Jeremy Dellis saying reducing the dividend to increase investment in fiber-to-the-premises networks to satisfy demands by British telecommunications regulator Ofcom could make BT a "geat deal more investable." 3. Duke Energy (DUK) upgraded to Buy from Neutral at BofA/Merrill with analyst Julien Dumoulin-Smith citing recent share underperformance and resolved regulatory overhangs. 4. Glatfelter (GLT) upgraded to Buy from Neutral at DA Davidson with analyst Steven Chercover saying he is "incrementally positive" on the stock based on his view of the announced acquisition of GP's European airlaid nonwoven business, which adds 35K tonnes per year in capacity to the company's existing 129K tpy. 5. Intelsat (I) upgraded to Outperform from Sector Perform at RBC Capital with analyst Wilton Fry citing his expected FCC release of the Notice of Proposed Rulemaking this week that will lead to adoption of the company's C-band proposal, "conservatively" estimating that this could add over $19 in earnings per share. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
PNC PNC Financial
$138.00

0.34 (0.25%)

06/14/18
RBCM
06/14/18
NO CHANGE
Target $170
RBCM
Top Pick
PNC Financial EPS view cut at RBC Capital on reduced mortgage banking outlook
RBC Capital analyst Gerard Cassidy lowered his PNC Financial FY18 EPS view to $10.51 from $10.60 and FY19 view to $11.32 from $11.46 after the recent commentary by the management that its Q2 mortgage banking revenues are tracking to be 12% lower than in Q1. The analyst keeps his Top Pick rating and $170 price target however, saying the bank is well positioned for higher interest rates that would expand its net interest income and also has a high 42% of the total component for its non-interest income. Cassidy adds that the regulatory environment benefits could also exceed his expectations.
01/16/18
RBCM
01/16/18
NO CHANGE
Target $170
RBCM
Top Pick
PNC Financial price target raised to $170 from $145 at RBC Capital
RBC Capital analyst Gerard Cassidy raised his price target to $170 after the bank's above-consensus Q4 earnings driven by "stronger noninterest income and a lower loan loss provision". The analyst also noted a 0.9% increase in PNC's average loan and the expected positive impact from lower U.S. corporate tax rates. Cassidy keeps his Top Pick rating on PNC, forecasting continued strong results in 2018-2019, assuming 2-3 interest rate increases in each year.
05/30/18
BARD
05/30/18
NO CHANGE
Target $153
BARD
Outperform
PNC Financial added as Fresh Pick at Baird
Baird analyst David George said the weakness in PNC Financial is a buying opportunity and said it screens as one of the better values among regional banks. The analyst likes the bank's competitive positioning, solid intermediate-term outlook, and its current valuation. George reiterated his Outperform rating and $153 price target on PNC Financial shares.
04/16/18
BARD
04/16/18
NO CHANGE
Target $153
BARD
Outperform
PNC Financial weakness overdone, says Baird
Baird analyst David George said PNC Financial posted a clean quarter and he would be a buyer of the shares on the post-earnings weakness. The analyst noted fees were down seasonally, but the bank posted good year-over-year growth. George maintained his Outperform rating and $153 price target on PNC Financial shares.
FRC First Republic
$98.38

-0.61 (-0.62%)

06/26/18
WELS
06/26/18
NO CHANGE
Target $100
WELS
Market Perform
First Republic price target raised to $100 from $95 at Wells Fargo
Wells Fargo analyst Jared Shaw raised his price target for First Republic to $100 from $95 heading into Q2 as he believes the banking industry continues to benefit from a level of structural tailwinds he has not seen in over a decade. The analyst reiterates a Market Perform rating on the shares.
06/18/18
SBSH
06/18/18
INITIATION
Target $120
SBSH
Buy
First Republic initiated with a Buy at Citi
Citi analyst Arren Cyganovich started First Republic Bank with a Buy rating and $120 price target.
06/08/18
JPMS
06/08/18
NO CHANGE
Target $115
JPMS
Overweight
JPMorgan 'much more bullish' on First Republic, ups target to $115
JPMorgan analyst Steven Alexopoulos raised his price target for First Republic to $115 from $106 after hosting investor meetings with management. This was the "most bullish tone we've heard from management," Alexopoulos tells investors in a research note. The analyst says he's "much more bullish on the shares" and keeps an Overweight rating on First Republic.
03/22/18
UBSW
03/22/18
INITIATION
Target $100
UBSW
Neutral
First Republic initiated with a Neutral at UBS
UBS analyst Brock Vandervliet started First Republic with a Neutral rating and $100 price target. The analyst rolled out coverage last night on the Mid-Cap Banks. He sees performance differentiation "playing out more starkly" than investors may expect with "increasingly advantaged and disadvantaged participants."

TODAY'S FREE FLY STORIES

LYFT

Lyft

$0.00

(0.00%)

, UBER

Uber

$0.00

(0.00%)

11:46
10/23/18
10/23
11:46
10/23/18
11:46
Hot Stocks
Lyft is acquiring London-based augmented reality startup Blue Vision Labs »

In a blog post earlier,…

LYFT

Lyft

$0.00

(0.00%)

UBER

Uber

$0.00

(0.00%)

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

DB

Deutsche Bank

$10.73

0.015 (0.14%)

11:45
10/23/18
10/23
11:45
10/23/18
11:45
Options
Deutsche Bank call volume above normal and directionally bullish »

Bullish option flow…

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

11:45
10/23/18
10/23
11:45
10/23/18
11:45
General news
FX Action: USD-JPY »

FX Action: USD-JPY dipped…

11:44
10/23/18
10/23
11:44
10/23/18
11:44
Conference/Events
Morgan Stanley energy analysts to hold an analyst/industry conference call »

Energy Analysts, along…

MCD

McDonald's

$175.81

9.28 (5.57%)

11:37
10/23/18
10/23
11:37
10/23/18
11:37
Hot Stocks
Breaking Hot Stocks news story on McDonald's »

McDonald's says…

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

  • 23

    Oct

11:37
10/23/18
10/23
11:37
10/23/18
11:37
General news
8-Week Bill Auction Total Amount data reported »

8-Week Bill Auction Total…

11:37
10/23/18
10/23
11:37
10/23/18
11:37
General news
4-Week Bill Auction Total Amount data reported »

4-Week Bill Auction Total…

FSNN

Fusion

$2.37

-0.035 (-1.46%)

11:37
10/23/18
10/23
11:37
10/23/18
11:37
Conference/Events
Fusion management to meet with B. Riley FBR »

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

  • 23

    Oct

  • 24

    Oct

  • 25

    Oct

  • 15

    Nov

CAT

Caterpillar

$119.44

-9.2 (-7.15%)

11:35
10/23/18
10/23
11:35
10/23/18
11:35
Hot Stocks
Caterpillar will have 'stiff tailwind next year' »

Caterpillar CEO Jim…

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

  • 23

    Oct

STX

Seagate

$42.62

-1 (-2.29%)

11:35
10/23/18
10/23
11:35
10/23/18
11:35
Options
Seagate put volume heavy and directionally bearish »

Bearish flow noted 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

  • 30

    Oct

  • 02

    Nov

HSBC

HSBC

$39.61

-0.745 (-1.85%)

11:32
10/23/18
10/23
11:32
10/23/18
11:32
Downgrade
HSBC rating change  »

HSBC downgraded to…

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

CAT

Caterpillar

$118.96

-9.68 (-7.52%)

11:28
10/23/18
10/23
11:28
10/23/18
11:28
Hot Stocks
Caterpillar: weak demand for oil, gas drilling equipment »

Caterpillar CFO Andrew…

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

  • 23

    Oct

LMT

Lockheed Martin

$326.11

-0.34 (-0.10%)

11:28
10/23/18
10/23
11:28
10/23/18
11:28
Hot Stocks
Lockheed Martin says business pipeline remains 'robust' »

Says each of four…

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

  • 23

    Oct

  • 30

    Oct

MCD

McDonald's

$175.92

9.39 (5.64%)

11:26
10/23/18
10/23
11:26
10/23/18
11:26
Hot Stocks
McDonald's sees FY U.S. commodity costs up about 2% »

Sees commodity pressures…

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

  • 23

    Oct

11:25
10/23/18
10/23
11:25
10/23/18
11:25
Conference/Events
RBC Capital REITs analyst to hold a group luncheon »

REITs Analyst Golladay…

PRTK

Paratek Pharmaceuticals

$8.62

-0.37 (-4.12%)

11:25
10/23/18
10/23
11:25
10/23/18
11:25
Conference/Events
Paratek Pharmaceuticals to host investor day »

Investor Day to be held…

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

  • 23

    Oct

MCD

McDonald's

$176.28

9.75 (5.85%)

11:22
10/23/18
10/23
11:22
10/23/18
11:22
Hot Stocks
Breaking Hot Stocks news story on McDonald's »

McDonald's: Remodel…

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

  • 23

    Oct

HAIN

Hain Celestial

$24.40

-0.39 (-1.57%)

11:20
10/23/18
10/23
11:20
10/23/18
11:20
Options
Bullish option play opened in Hain Celestial as shares fall to 52-week lows »

Bullish option play…

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

  • 28

    Oct

NXPI

NXP Semiconductors

$75.90

-0.57 (-0.75%)

, QCOM

Qualcomm

$65.02

-1.06 (-1.60%)

11:20
10/23/18
10/23
11:20
10/23/18
11:20
OnTheFly
Fly Intel: Today's top analyst calls on Wall Street »

Check out today's top…

NXPI

NXP Semiconductors

$75.90

-0.57 (-0.75%)

QCOM

Qualcomm

$65.02

-1.06 (-1.60%)

AMD

AMD

$24.52

-0.52 (-2.08%)

INTC

Intel

$44.13

-0.87 (-1.93%)

TSLA

Tesla

$275.89

14.86 (5.69%)

VIA

Viacom

$36.25

-0.36 (-0.98%)

VIAB

Viacom

$32.74

-0.26 (-0.79%)

DISH

Dish

$32.43

-2.23 (-6.43%)

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

  • 24

    Oct

  • 24

    Oct

  • 25

    Oct

  • 29

    Oct

  • 01

    Nov

  • 06

    Dec

  • 13

    Dec

NXPI

NXP Semiconductors

$75.89

-0.58 (-0.76%)

, QCOM

Qualcomm

$65.00

-1.08 (-1.63%)

11:19
10/23/18
10/23
11:19
10/23/18
11:19
Hot Stocks
Barclays says buy NXP as recent selling pressure presents opportunity »

In a research note to…

NXPI

NXP Semiconductors

$75.89

-0.58 (-0.76%)

QCOM

Qualcomm

$65.00

-1.08 (-1.63%)

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

  • 01

    Nov

MCD

McDonald's

$176.56

10.03 (6.02%)

, UBER

Uber

$0.00

(0.00%)

11:18
10/23/18
10/23
11:18
10/23/18
11:18
Hot Stocks
Breaking Hot Stocks news story on McDonald's, Uber »

McDonald's sees…

MCD

McDonald's

$176.56

10.03 (6.02%)

UBER

Uber

$0.00

(0.00%)

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

  • 23

    Oct

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

11:17
10/23/18
10/23
11:17
10/23/18
11:17
Technical Analysis
NASDAQ market internals summary »

Volume is above average…

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

MCD

McDonald's

$176.67

10.14 (6.09%)

, UBER

Uber

$0.00

(0.00%)

11:16
10/23/18
10/23
11:16
10/23/18
11:16
Hot Stocks
Breaking Hot Stocks news story on McDonald's, Uber »

McDonald's says…

MCD

McDonald's

$176.67

10.14 (6.09%)

UBER

Uber

$0.00

(0.00%)

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

  • 23

    Oct

$NYE

NYSE Market Internals

$0.00

(0.00%)

11:16
10/23/18
10/23
11:16
10/23/18
11:16
Technical Analysis
NYSE market internals summary »

Volume is above average…

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

MCD

McDonald's

$176.83

10.3 (6.19%)

11:15
10/23/18
10/23
11:15
10/23/18
11:15
Hot Stocks
McDonald's sees 12,000 remodeled restaurants in U.S. by end of 2019 »

Sees "ramping…

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

  • 23

    Oct

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.