Breaking News Instant updates and real-time market news.

WFC

Wells Fargo

$56.02

-0.08 (-0.14%)

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

Wells Fargo reports allownace for credit losses $11.1B at June 30

The allowance for credit losses, including the allowance for unfunded commitments, totaled $11.1 billion at June 30, 2018, down $203 million from March 31, 2018. Second quarter 2018 included a $150 million reserve release, which reflected strong overall credit portfolio performance and lower loan balances. The allowance coverage for total loans was 1.18 percent, compared with 1.19 percent in first quarter 2018. The allowance covered 4.6 times annualized second quarter net charge-offs, compared with 3.8 times in the prior quarter. The allowance coverage for nonaccrual loans was 148 percent at June 30, 2018, compared with 147 percent at March 31, 2018. The Company believes the allowance was appropriate for losses inherent in the loan portfolio at June 30, 2018.

  • 13

    Jul

  • 12

    Apr

  • 13

    Jul

  • 12

    Oct

WFC Wells Fargo
$56.02

-0.08 (-0.14%)

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.
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
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.
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.

TODAY'S FREE FLY STORIES

MYL

Mylan

$32.42

-0.61 (-1.85%)

, RHHBY

Roche

$0.00

(0.00%)

09:33
10/19/18
10/19
09:33
10/19/18
09:33
Hot Stocks
Mylan, Biocon announce positive CHMP opinion for Ogivri »

Mylan (MYL) and Biocon…

MYL

Mylan

$32.42

-0.61 (-1.85%)

RHHBY

Roche

$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

  • 19

    Oct

  • 05

    Nov

  • 07

    Nov

  • 13

    Nov

  • 24

    Dec

PG

Procter & Gamble

$80.31

-0.8628 (-1.06%)

09:33
10/19/18
10/19
09:33
10/19/18
09:33
Hot Stocks
Procter & Gamble says external environment presents many challenges »

Says had really good…

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

  • 19

    Oct

  • 03

    Mar

CAT

Caterpillar

$134.91

-5.52 (-3.93%)

09:31
10/19/18
10/19
09:31
10/19/18
09:31
Recommendations
Caterpillar analyst commentary  »

Caterpillar demand…

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

CHRW

C.H. Robinson

$93.27

-0.4 (-0.43%)

09:31
10/19/18
10/19
09:31
10/19/18
09:31
Initiation
C.H. Robinson initiated  »

C.H. Robinson assumed…

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

    Oct

LSTR

Landstar System

$103.53

-4.06 (-3.77%)

09:31
10/19/18
10/19
09:31
10/19/18
09:31
Initiation
Landstar System initiated  »

Landstar System 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

  • 25

    Oct

  • 06

    Nov

NGVT

Ingevity

$88.88

-0.93 (-1.04%)

09:30
10/19/18
10/19
09:30
10/19/18
09:30
Recommendations
Ingevity analyst commentary  »

Ingevity valuation…

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

    Oct

09:28
10/19/18
10/19
09:28
10/19/18
09:28
Conference/Events
UBS consumer goods analyst to hold an analyst/industry conference call »

Consumer Goods Analyst…

DDAIF

Daimler AG

$0.00

(0.00%)

09:26
10/19/18
10/19
09:26
10/19/18
09:26
Hot Stocks
Daimler AG cuts 2018 earnings view 'significantly below market expectations' »

As a result of recent…

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

09:25
10/19/18
10/19
09:25
10/19/18
09:25
Conference/Events
UBS U.S. chief economist to hold an analyst/industry conference call »

Chief Economist Carpenter…

ADS

Alliance Data

$223.42

11.68 (5.52%)

09:22
10/19/18
10/19
09:22
10/19/18
09:22
Recommendations
Alliance Data analyst commentary  »

Alliance Data strategic…

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

SYNH

Syneos Health

$45.94

-0.65 (-1.40%)

09:22
10/19/18
10/19
09:22
10/19/18
09:22
Upgrade
Syneos Health rating change  »

William Blair upgrades…

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

FCCY

1st Constitution Bancorp

$18.86

-0.34 (-1.77%)

09:21
10/19/18
10/19
09:21
10/19/18
09:21
Earnings
1st Constitution Bancorp reports Q3 EPS 46c, two estimates 39c »

Reports Q3 CET 1 ratio…

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

SLB

Schlumberger

$58.43

-0.81 (-1.37%)

09:19
10/19/18
10/19
09:19
10/19/18
09:19
Earnings
Schlumberger sees Q4 EPS down sequentially, consensus 48c »

Sees Q4 EPS down…

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

  • 19

    Oct

CLVS

Clovis

$29.95

-1.43 (-4.56%)

09:18
10/19/18
10/19
09:18
10/19/18
09:18
Recommendations
Clovis analyst commentary  »

Clovis data…

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

  • 19

    Oct

  • 30

    Oct

ORGS

Orgenesis

$6.14

0.01 (0.16%)

09:18
10/19/18
10/19
09:18
10/19/18
09:18
Hot Stocks
Orgenesis announces collaboration with Immugenyx to develop AHC »

Orgenesis announced it…

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

SPX

S&P 500

$0.00

(0.00%)

, VIX

Volatility Index S&P 500 Options

$0.00

(0.00%)

09:18
10/19/18
10/19
09:18
10/19/18
09:18
Options
Overnight activity included 395 trades in SPX and 9 trades in VIX »

395 trades were executed…

SPX

S&P 500

$0.00

(0.00%)

VIX

Volatility Index S&P 500 Options

$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

GOL

Gol Linhas

$8.62

-0.17 (-1.93%)

, BA

Boeing

$359.28

-6.13 (-1.68%)

09:17
10/19/18
10/19
09:17
10/19/18
09:17
Hot Stocks
Gol Linhas renewing fleet with 135 Boeing 737 MAX aircraft »

GOL Linhas (GOL) is…

GOL

Gol Linhas

$8.62

-0.17 (-1.93%)

BA

Boeing

$359.28

-6.13 (-1.68%)

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

ASB

Associated Banc-Corp

$24.48

-0.84 (-3.32%)

09:14
10/19/18
10/19
09:14
10/19/18
09:14
Downgrade
Associated Banc-Corp rating change  »

Associated Banc-Corp…

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

  • 15

    Nov

OMEX

Odyssey Marine

$8.17

(0.00%)

09:14
10/19/18
10/19
09:14
10/19/18
09:14
Hot Stocks
Odyssey Marine provides update on Mexican phosphate project »

Odyssey Marine received…

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

SLB

Schlumberger

$58.43

-0.81 (-1.37%)

09:14
10/19/18
10/19
09:14
10/19/18
09:14
Periodicals
Schlumberger CEO says emerging challenges threaten shale industry, FT reports »

According to 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

  • 19

    Oct

AMD

AMD

$26.61

-0.69 (-2.53%)

, INTC

Intel

$44.98

-0.92 (-2.00%)

09:13
10/19/18
10/19
09:13
10/19/18
09:13
Initiation
AMD, Intel initiated  »

New Street Research…

AMD

AMD

$26.61

-0.69 (-2.53%)

INTC

Intel

$44.98

-0.92 (-2.00%)

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

  • 22

    Oct

  • 24

    Oct

  • 25

    Oct

  • 06

    Dec

INAP

Internap

$11.00

-0.8 (-6.78%)

09:12
10/19/18
10/19
09:12
10/19/18
09:12
Syndicate
Internap 4.21M share Spot Secondary priced at $9.50 »

The deal range was…

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

  • 12

    Nov

  • 15

    Nov

  • 19

    Oct

HON

Honeywell

$155.22

-2.73 (-1.73%)

09:12
10/19/18
10/19
09:12
10/19/18
09:12
Hot Stocks
Honeywell says China market grew, but not at previous double digit rate »

Says China weakness 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

  • 19

    Oct

OSTK

Overstock.com

$25.18

-2.18 (-7.97%)

09:11
10/19/18
10/19
09:11
10/19/18
09:11
Hot Stocks
Overstock.com adds three new executive officers including CCO, CSOO »

Overstock.com announces…

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

OZK

Bank OZK

$34.85

-1.57 (-4.31%)

09:10
10/19/18
10/19
09:10
10/19/18
09:10
Downgrade
Bank OZK rating change  »

Bank OZK 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

  • 19

    Oct

  • 19

    Oct

  • 29

    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.