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STI

SunTrust

$73.06

1.49 (2.08%)

16:16
08/14/18
08/14
16:16
08/14/18
16:16

SunTrust raises quarterly dividend to 50c per share

The dividend is payable on September 17 to common shareholders of record at the close of business on August 31.

STI SunTrust
$73.06

1.49 (2.08%)

07/25/18
ARGS
07/25/18
NO CHANGE
Target $81
ARGS
Buy
SunTrust price target raised to $81 from $75 at Argus
Argus analyst Stephen Biggar raised his price target on SunTrust to $81 and kept his Buy rating after its better than expected Q2 results. The analyst cites net interest margin expansion and a sharply lower provision for loan losses in the quarter because of the bank's "strong credit quality". Biggar is also positive on the latest Federal Reserve CCAR decision on its capital, leading to a 25% increase in the bank's dividend and a $2B stock repurchase, which is up 52% from prior year. The analyst notes that SunTrust's modest premium is justified by its strong regional banking presence and balance sheet positioning for higher interest rates.
07/23/18
07/23/18
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. Duke Energy (DUK) upgraded to Neutral from Underweight at JPMorgan with analyst Christopher Turnure saying execution risk is priced into the shares at current levels and the company's visibility is improved following recent regulatory outcomes. 2. SunTrust (STI) upgraded to Buy from Neutral at B. Riley FBR with analyst Steve Moss citing the company's better outlook for revenue growth and efficiency improvement following its "good" Q2 results. 3. Cleveland-Cliffs (CLF) upgraded to Overweight from Neutral at JPMorgan with analyst Michael Gambardella citing the company's "strong" U.S. iron ore earnings momentum and the removal of an overhang with the Asia Pacific Iron Ore sale. 4. Delphi Technologies (DLPH) upgraded to Outperform from Perform at Oppenheimer with analyst Noah Kaye saying that trade risks, peak U.S. SAAR concerns, light duty diesel decline and potential long-term disruption from electrification have all contributed to a tempest of negative sentiment on the auto suppliers. 5. Essex Property Trust (ESS) upgraded to Market Perform at Raymond James. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/23/18
MACQ
07/23/18
DOWNGRADE
MACQ
Underperform
SunTrust downgraded to Underperform on lower Q2 core profitability at Macquarie
Macquarie downgraded SunTrust to Underperform from Neutral due to lower Q2 reported core profitability, premium valuation, and lower than expected returns versus peers.
07/23/18
RILY
07/23/18
UPGRADE
Target $81
RILY
Buy
SunTrust upgraded to Buy from Neutral at B. Riley FBR
B. Riley FBR analyst Steve Moss upgraded SunTrust Banks to Buy and raised his price target for the shares to $81 from $70. The analyst cites the company's better outlook for revenue growth and efficiency improvement following its "good" Q2 results for the upgrade to Buy.

TODAY'S FREE FLY STORIES

MCO

Moody's

$172.88

-2.66 (-1.52%)

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FCFS

First Cash Financial

$83.03

0.625 (0.76%)

16:31
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First Cash Financial announces move to Nasdaq from NYSE »

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OKE

Oneok

$68.44

0.565 (0.83%)

16:31
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Oneok to construct additional NGL fractionation, pipeline capacity »

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16:30
09/25/18
09/25
16:30
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16:30
Options
Preliminary option volume of 15.6M today »

Preliminary option volume…

MOR

MorphoSys

$27.13

0.315 (1.17%)

16:28
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09/25
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MorphoSys says licensee has begun study to test gselkumab in pediatric group »

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NITE

Nightstar Therapeutics

$20.35

-0.97 (-4.55%)

16:26
09/25/18
09/25
16:26
09/25/18
16:26
Syndicate
Nightstar Therapeutics files to sell 4M American Depositary Shares »

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NITE

Nightstar Therapeutics

$20.35

-0.97 (-4.55%)

16:24
09/25/18
09/25
16:24
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16:24
Syndicate
Nightstar Therapeutics files to sell 4M American Depositary Shares »

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  • 03

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VSTM

Verastem

$7.15

-1.74 (-19.57%)

16:23
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09/25
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16:23
Hot Stocks
Breaking Hot Stocks news story on Verastem »

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ICCC

Immucell

$8.35

-0.155 (-1.82%)

16:22
09/25/18
09/25
16:22
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16:22
Hot Stocks
Immucell looks to bring mastitis treatment to market in 2020 »

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  • 15

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ICCC

Immucell

$8.35

-0.155 (-1.82%)

16:22
09/25/18
09/25
16:22
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16:22
Hot Stocks
Immucell receives fourth complete letter of NADA for Nisin treatment for cows »

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  • 15

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VSTM

Verastem

$7.15

-1.74 (-19.57%)

16:21
09/25/18
09/25
16:21
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16:21
Hot Stocks
Verastem and CSPC Pharma sign license agreement to develop COPIKTRA in China »

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    Oct

LOXO

Loxo Oncology

$166.80

3.73 (2.29%)

16:21
09/25/18
09/25
16:21
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16:21
Hot Stocks
Loxo Oncology announces LOXO-292 durability update »

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VIX

Volatility Index S&P 500 Options

$0.00

(0.00%)

16:20
09/25/18
09/25
16:20
09/25/18
16:20
Options
Closing CBOE SPX and VIX Index summary for September 25th »

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NKE

Nike

$84.79

0.52 (0.62%)

16:19
09/25/18
09/25
16:19
09/25/18
16:19
Hot Stocks
Breaking Hot Stocks news story on Nike »

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  • 25

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KBH

KB Home

$25.29

-0.24 (-0.94%)

16:19
09/25/18
09/25
16:19
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16:19
Hot Stocks
Breaking Hot Stocks news story on KB Home »

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  • 25

    Sep

TRN

Trinity Industries

$36.78

-0.37 (-1.00%)

16:19
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09/25
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16:19
Hot Stocks
Trinity Industries board approves separation of Arcosa »

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CASH

Meta Financial

$84.15

1.45 (1.75%)

16:18
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09/25
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Hot Stocks
Meta Financial anounces Brent Turner will step down as EVP »

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CTAS

Cintas

$212.99

1.81 (0.86%)

16:18
09/25/18
09/25
16:18
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16:18
Earnings
Cintas raises FY19 EPS view to $7.19-$7.29 from $7.00-$7.15, consensus $7.16 »

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NKE

Nike

$84.79

0.52 (0.62%)

16:18
09/25/18
09/25
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Hot Stocks
Nike reports Q1 North America revenue $4.145B, up 6% »

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MRCY

Mercury Systems

$53.93

1.17 (2.22%)

16:17
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Mercury Systems receives $5.5M order »

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

16:17
09/25/18
09/25
16:17
09/25/18
16:17
Technical Analysis
NASDAQ market internals summary »

Volume was above average…

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KORS

Michael Kors

$68.01

1.3 (1.95%)

, CPRI

Capri Holdings

$0.00

(0.00%)

16:16
09/25/18
09/25
16:16
09/25/18
16:16
General news
Fly Intel: Wall Street's top stories for Tuesday »

Stocks opened in positive…

KORS

Michael Kors

$68.01

1.3 (1.95%)

CPRI

Capri Holdings

$0.00

(0.00%)

FB

Facebook

$164.94

-0.46 (-0.28%)

SQ

Square

$95.40

9.34 (10.85%)

PAYX

Paychex

$73.72

-0.84 (-1.13%)

ADP

ADP

$148.80

-0.32 (-0.21%)

SONC

Sonic

$43.46

6.85 (18.71%)

GM

General Motors

$33.57

-1.175 (-3.38%)

F

Ford

$9.39

-0.195 (-2.03%)

FCAU

Fiat Chrysler

$18.00

-0.315 (-1.72%)

BMWYY

BMW

$0.00

(0.00%)

XOXO

XO Group

$34.91

7.29 (26.39%)

ASNA

Ascena Retail

$4.47

0.45 (11.19%)

TGTX

TG Therapeutics

$5.13

-4.125 (-44.59%)

CTL

CenturyLink

$21.05

-1.85 (-8.08%)

TMUS

T-Mobile

$69.46

0.53 (0.77%)

S

Sprint

$6.40

0.01 (0.16%)

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NKE

Nike

$84.79

0.52 (0.62%)

16:16
09/25/18
09/25
16:16
09/25/18
16:16
Hot Stocks
Nike reports Q1 Nike Brand revenue $9.4B, up 10% »

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CTAS

Cintas

$212.99

1.81 (0.86%)

16:16
09/25/18
09/25
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Hot Stocks
Cintas reports Q1 organic growth rate up 5.4% from last year »

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NNI

Nelnet

$56.82

-0.79 (-1.37%)

16:16
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09/25
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16:16
Hot Stocks
Nelnet withdraws application with FDIC »

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