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TCBI

Texas Capital

$91.15

0.3 (0.33%)

, USB

U.S. Bancorp

$52.98

0.07 (0.13%)

11:04
08/06/18
08/06
11:04
08/06/18
11:04

Texas Capital announces Turpen to succeed Hudgens as Chief Risk Officer

Texas Capital Bancshares (TCBI), the parent company of Texas Capital Bank, announced that John Hudgens will step down as chief risk officer of Texas Capital Bank in September 2018 and will resign as chief risk officer of Texas Capital Bancshares, effective December 31, 2018. Hudgens will serve as a vice chairman until his retirement in August 2019. John Turpen, who most recently served as chief risk officer for corporate and commercial banking at U.S. Bancorp (USB), has been named the new chief risk officer of Texas Capital Bank, effective September 10, 2018. He will assume the role of chief risk officer of Texas Capital Bancshares on January 1, 2019. "Hudgens and Turpen will work together the rest of the year to ensure an effective transition," the bank said.

TCBI

Texas Capital

$91.15

0.3 (0.33%)

USB

U.S. Bancorp

$52.98

0.07 (0.13%)

  • 20

    Aug

TCBI Texas Capital
$91.15

0.3 (0.33%)

03/22/18
UBSW
03/22/18
INITIATION
Target $82
UBSW
Sell
Texas Capital initiated with a Sell at UBS
UBS analyst Brock Vandervliet started Texas Capital with a Sell rating and $82 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."
04/19/18
PIPR
04/19/18
UPGRADE
Target $109
PIPR
Overweight
Texas Capital upgraded to Overweight from Neutral at Piper Jaffray
Piper Jaffray analyst Brett Rabatin upgraded Texas Capital Bancshares to Overweight and raised his price target for the shares to $109 from $105. The analyst raised his estimates following the company's Q1 results and sees a path for the shares to be a "unique performer" in the bank space. Rabatin sees Texas Capital outperforming peers.
04/19/18
RHCO
04/19/18
NO CHANGE
Target $100
RHCO
Buy
Texas Capital price target lowered to $100 from $111 at SunTrust
SunTrust analyst Jennifer Demba lowered her price target on Texas Capital to $100 after the company's Q1 earnings, noting its rising expenses and higher loan loss provision. The analyst raised her FY18 EPS estimate however to $5.96 from $5.81, citing higher margin expansion as well as her expectations of above-peer loan growth rates. Demba further contends that the premium valuation multiple on Texas Capital of 13.8-times expected FY19 earnings relative to 12.9-times for similarly sized peers is warranted based on its growth profile.
04/19/18
04/19/18
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. Walmart (WMT) upgraded to Buy from Hold at Argus with analyst Christopher Graja saying he believes an improving job market should help low-and-middle-income shoppers spend more. 2. Sprint (S) upgraded to Neutral from Underperform at Macquarie. 3. iRobot (IRBT) upgraded to Overweight from Neutral at Piper Jaffray with analyst Troy Jensen saying tracking data shows iRobot is experiencing "exceptionally strong demand in North America." 4. Diodes (DIOD) upgraded to Buy from Neutral at Longbow with analyst Shawn Harrison saying he expects rising demand, pricing, and Pericom growth to drive sales, gross margins, and earnings higher. 5. Texas Capital (TCBI) upgraded to Overweight from Neutral at Piper Jaffray with analyst Brett Rabatin saying he sees Texas Capital outperforming peers. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
USB U.S. Bancorp
$52.98

0.07 (0.13%)

05/11/18
SBSH
05/11/18
UPGRADE
Target $58
SBSH
Buy
Citi upgrades U.S. Bancorp, says opportune time to build positions
Citi analyst Keith Horowitz upgraded U.S. Bancorp to Buy from Neutral with an unchanged price target of $58. Now is an opportune time to build positions in the stock after three years of significant underperformance, Horowitz tells investors in a research note. He believes the drivers of the underperformance have largely played out and that U.S. Bancorp's efficiency ratio will improve from here. Further, the bank's "strong" credit quality profile can be a differentiator as the cycle gets into the latter innings, Horowitz contends. He says U.S. Bancorp is one of the best ways for investors looking to add exposure to the banks.
05/11/18
05/11/18
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. Verizon (VZ) upgraded to Overweight from Neutral at JPMorgan with analyst Philip Cusick saying after a meeting with CEO Lowell McAdam, he has a better understanding that Verizon's "organic approach to wireless has the company on an increasingly stable footing." 2. Mosaic (MOS) upgraded to Outperform from Sector Perform at RBC Capital with analyst Andrew Wong saying that it is "hard to ignore the improving undercurrents in both phosphate and potash markets." 3. Ultragenyx (RARE) upgraded to Overweight from Equal Weight at Barclays with analyst Gena Wang saying she thinks a higher price target for Crysvita could drive upside to revenue growth expectations. 4. U.S. Bancorp (USB) upgraded to Buy from Neutral at Citi with analyst Keith Horowitz saying now is an opportune time to build positions in the stock after three years of significant underperformance. 5. AMC Networks (AMCX) upgraded to Buy from Hold at Gabelli with the firm saying it remains an excelling company with opportunities to leverage its recent programming momentum into increased advertising and affiliate fees. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/09/18
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.
07/18/18
SPHN
07/18/18
NO CHANGE
Target $105
SPHN
Overweight
Comerica could be viewed as acquisition target, says Stephens
Stephens analyst Terry McEvoy raised his capital payout forecast for Comerica (CMA) for the second half of this year and for 2019 as he expects the company will announce an increase in the dividend and larger buyback plan after its board meets on July 24. Additionally, McEvoy thinks Comerica could be viewed as an takeover target once BB&T (BBT) and U.S. Bancorp (USB) are in a position to acquire banks. Stating that he likes both its fundamental and strategic outlook, McEvoy keeps an Overweight rating and $105 price target on Comerica shares.

TODAY'S FREE FLY STORIES

VLKAY

Volkswagen

$0.00

(0.00%)

15:25
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15:25
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Volkswagen management not yet aligned on restructuring plans, Reuters says »

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WPM

Wheaton Precious Metals

$23.12

0.385 (1.69%)

15:19
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15:19
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15:19
Options
Wheaton Precious Metals options imply 6.4% move in share price post-earnings, above median historical move »

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  • 21

    Mar

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

15:17
03/20/19
03/20
15:17
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Technical Analysis
NASDAQ market internals summary »

Volume is above average…

03/08/13
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$NYE

NYSE Market Internals

$0.00

(0.00%)

15:16
03/20/19
03/20
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15:16
Technical Analysis
NYSE market internals summary »

Volume is average for…

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15:15
03/20/19
03/20
15:15
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15:15
General news
FX Action: USD-JPY »

FX Action: USD-JPY fell…

AMZN

Amazon.com

$1,793.67

31.22 (1.77%)

15:11
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03/20
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Amazon.com announces launch of MLB.TV on Prime Video Channels »

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  • 20

    Mar

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    Apr

UNIT

Uniti Group

$9.94

0.08 (0.81%)

15:04
03/20/19
03/20
15:04
03/20/19
15:04
Options
Uniti Group options imply 6.2% move in share price post-earnings, above median historical move »

Pre-earnings options…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 20

    Mar

NVS

Novartis

$93.75

0.76 (0.82%)

15:01
03/20/19
03/20
15:01
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15:01
Periodicals
Novartis CEO wants to move towards 'transformational innovation,' Fortune says »

Novartis CEO Vasant…

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Wedge Partners
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Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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  • 25

    Mar

SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$283.06

0.58 (0.21%)

15:00
03/20/19
03/20
15:00
03/20/19
15:00
General news
Fed chair Powell says he thinks 'deficits matter' »

Federal Reserve chairman…

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$283.06

0.58 (0.21%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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15:00
03/20/19
03/20
15:00
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15:00
General news
FX Action: USD-CAD »

FX Action: USD-CAD hit…

14:55
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General news
Canada wholesale report preview »

Canada wholesale report…

14:55
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General news
Fed Chairman Powell on the outlook: »

Fed Chairman Powell on…

14:55
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Powell on the balance of risks: »

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BA

Boeing

$379.38

5.51 (1.47%)

, LMT

Lockheed Martin

$298.16

1.61 (0.54%)

14:52
03/20/19
03/20
14:52
03/20/19
14:52
Periodicals
Pentagon's IG investigating Shanahan over Boeing comments, Politico says »

The Pentagon's…

BA

Boeing

$379.38

5.51 (1.47%)

LMT

Lockheed Martin

$298.16

1.61 (0.54%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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  • 20

    Mar

  • 28

    May

SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$283.17

0.69 (0.24%)

14:52
03/20/19
03/20
14:52
03/20/19
14:52
General news
Breaking General news story on S&P 500, SPDR S&P 500 ETF Trust »

Fed chair Powell says…

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$283.17

0.69 (0.24%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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CELG

Celgene

$88.99

-0.11 (-0.12%)

14:50
03/20/19
03/20
14:50
03/20/19
14:50
Options
Bullish three-way spread in Celgene »

Bullish three-way spread…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 25

    Mar

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    Apr

  • 18

    May

  • 28

    May

  • 27

    Jun

  • 03

    Sep

ALXN

Alexion

$132.07

-0.87 (-0.65%)

14:49
03/20/19
03/20
14:49
03/20/19
14:49
Recommendations
Alexion analyst commentary at Piper Jaffray »

Alexion turnaround…

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03/06/13
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03/06/13
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  • 20

    Mar

  • 28

    Jun

SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$283.24

0.76 (0.27%)

14:49
03/20/19
03/20
14:49
03/20/19
14:49
General news
Fed chair Powell says ongoing risks to outlook include Brexit, trade talks »

Federal Reserve chairman…

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$283.24

0.76 (0.27%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
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03/06/13
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MU

Micron

$40.38

(0.00%)

14:49
03/20/19
03/20
14:49
03/20/19
14:49
Options
Micron options imply 11.0% move in share price post-earnings, above median historical move »

Pre-earnings options…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 20

    Mar

  • 28

    May

TSN

Tyson Foods

$65.30

-0.48 (-0.73%)

14:48
03/20/19
03/20
14:48
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14:48
Options
Tyson Foods call buyer gobbles another 10K lot »

Tyson Foods call buyer…

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Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 06

    May

SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$282.89

0.41 (0.15%)

14:46
03/20/19
03/20
14:46
03/20/19
14:46
Hot Stocks
Breaking Hot Stocks news story on S&P 500, SPDR S&P 500 ETF Trust, Wells Fargo »

Fed chair Powell says…

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$282.89

0.41 (0.15%)

WFC

Wells Fargo

$50.90

-0.52 (-1.01%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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  • 12

    Apr

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    Apr

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    May

  • 13

    Jul

  • 12

    Oct

SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$283.11

0.63 (0.22%)

14:45
03/20/19
03/20
14:45
03/20/19
14:45
General news
Fed chair Powell says slowing global growth a 'headwind' for U.S. economy »

Federal Reserve chairman…

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S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$283.11

0.63 (0.22%)

03/08/13
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Credit Suisse
03/06/13
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SPR

Spirit AeroSystems

$91.84

0.845 (0.93%)

14:42
03/20/19
03/20
14:42
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14:42
Hot Stocks
Spirit AeroSystems receives EU approval for Asco acquisition »

Spirit AeroSystems…

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