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WFC

Wells Fargo

$54.63

0.38 (0.70%)

11:10
09/25/18
09/25
11:10
09/25/18
11:10

Second day of size call spreads in Wells Fargo

Second day of size call spreads in Wells Fargo. The stock up 31c to $54.57 and 10K Jan 57.5 - 65 call spread sold at $1.08, untied. The vertical appears to roll short calls down 7.5 strikes and likely part of an overwrite against a block of shares (Jan 65s opened 6/14 at 48c with the stock at $54.75). The adjustment comes the day after 10K Oct 57.5 calls on Wells Fargo traded along with 10K Nov 57.5 - 60 call spreads for 42c. Open interest numbers indicate that the Nov 57.5 calls opened and the other two legs closed - which apparently rolled long Oct 57.5 and Nov 60 calls to the Nov 57.5 call strike. Therefore, although trade size today is the same, at 10K contracts, the strategy (short calls instead of long calls) is decidedly different.

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    Sep

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    Oct

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    Jul

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    Oct

WFC Wells Fargo
$54.63

0.38 (0.70%)

09/07/18
09/07/18
NO CHANGE

Fly Intel: Today's top analyst calls on Wall Street
Check out today's top analyst calls from around Wall Street, compiled by The Fly. BOFA DOUBLE UPGRADES AK STEEL: BofA Merrill Lynch analyst Timna Tanners double upgraded AK Steel (AKS) to Buy from Underperform and raised its price target to $6 from $5. Tanners is now modeling 2019 spot benchmark hot rolled coil at $750/short ton versus $700 previously and expects 85% of AK Steel's sheet business that is on fixed-price contracts will have a substantial increase in 2019. In mid-morning trading, AK Steel is up 2%. MACQUARIE CUTS WELLS FARGO TO NEUTRAL: Macquarie analyst David Konrad downgraded Wells Fargo (WFC) to Neutral from Buy with a $63 price target based on valuation and near-term estimates falling below expectations. Konrad said valuation has moved in-line relative to peers following favorable expense guidance and the strong CCAR results, and believes it will take a few more quarters before leverage drives higher earnings. SUSQUEHANNA INITIATES BAIDU, JD.COM: Susquehanna analyst Shyam Patil initiated Baidu (BIDU) with a Positive rating and $325 price target, saying its a 20%+ grower with upside to estimates and the multiple with little downside risk. Patil said the company has several initiatives underway that will drive upside over the near-to-intermediate-term with longer-term AI projects that represent call options. Patil also initiated JD.com (JD) with a Neutral rating and $30 price target, saying he is concerned Alibaba (BABA) will continue to be an e-commerce category killer in China and will remain aggressive in its efforts to take share from JD. GOLDMAN RAISES APPLE TARGET TO $240: Goldman Sachs analyst Rod Hall outlined his expectations for Apple's (AAPL) new product event on September 12, stating that he expects three new iPhones at better price points. He also expects Apple to announce two new AppleCare+ Plans associated with the iPhone 9 and the Xs+ and raised his Services forecast to account for an overall mix of AppleCare+ skewed towards higher priced plans. Hall raised his price target on Apple shares to $240, but maintained a Neutral rating on the stock. BOFA DEFENDS MICRON: BofA Merrill Lynch analyst Simon Woo kept his Buy rating and $100 price target on Micron (MU), saying the fundamentals of the company's earnings remain solid, and the recent correction in the stock price is likely "sentiment related". The analyst notes that the company is still headed for "record-high revenue/profit," and the stalled rise in memory chip prices does not signal a market downturn.
09/12/18
JPMS
09/12/18
NO CHANGE
JPMS
Underweight
Reported OCC rejection would be negative for Wells, says JPMorgan
According to Reuters, Office of the Comptroller of the Currency regulators have rejected Wells Fargo's plan to repay its auto customers who were pushed to buy unnecessary auto insurance, JPMorgan analyst Vivek Juneja tells investors in a research note. This rejection would be a negative for Wells as it may be required to spend more and take more time to satisfy regulators, the analyst writes. He also views the news negatively overall for the bank's ongoing regulatory issues. Juneja reiterates an Underweight rating on shares of Wells Fargo.
09/17/18
EDJN
09/17/18
UPGRADE
EDJN
Buy
Wells Fargo upgraded to Buy from Hold at Edward Jones (Friday)
09/25/18
WOLF
09/25/18
INITIATION
Target $71
WOLF
Outperform
Wells Fargo initiated with an Outperform at Wolfe Research
Wolfe Research analyst Steven Chubak initiated Wells Fargo with an Outperform and $71 price target.

TODAY'S FREE FLY STORIES

CREG

China Recycling Energy

$0.48

0.005 (1.05%)

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FENC

Fennec

$3.88

(0.00%)

16:36
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TD

Toronto-Dominion

$56.66

0.65 (1.16%)

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Options
Preliminary option volume of 15.7M today »

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CBUS

Cibus

$0.00

(0.00%)

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BA

Boeing

$355.14

4.57 (1.30%)

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Boeing 737 MAX return delayed by FAA expanding review, WSJ reports »

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FB

Facebook

$181.03

0.14 (0.08%)

, BA

Boeing

$355.14

4.57 (1.30%)

16:20
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On The Fly
Fly Intel: Wall Street's top stories for Friday »

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FB

Facebook

$181.03

0.14 (0.08%)

BA

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$355.14

4.57 (1.30%)

UAL

United Continental

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SMI

SMIC

$5.23

-0.26 (-4.74%)

HPQ

HP Inc.

$20.03

0.835 (4.35%)

HPE

HP Enterprise

$14.36

0.03 (0.21%)

NVS

Novartis

$87.49

3.03 (3.59%)

CNC

Centene

$56.84

1.39 (2.51%)

WCG

WellCare

$275.45

0.99 (0.36%)

TSS

TSYS

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13.81 (13.86%)

GPN

Global Payments

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5.45 (3.68%)

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4.07 (20.51%)

DVAX

Dynavax

$5.77

-0.59 (-9.28%)

FL

Foot Locker

$44.39

-8.455 (-16.00%)

SPLK

Splunk

$119.13

-9.55 (-7.42%)

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VIX

Volatility Index S&P 500 Options

$0.00

(0.00%)

16:20
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05/24
16:20
05/24/19
16:20
Options
Closing CBOE SPX and VIX Index summary for May 24th »

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

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$NYE

NYSE Market Internals

$0.00

(0.00%)

16:16
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RHE

Regional Health Properties

$2.06

0.09 (4.57%)

16:15
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05/24
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Regional Health Properties receives NYSE notice over late Form 10-Q filing »

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TBIO

Translate Bio

$9.12

-0.09 (-0.98%)

16:14
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05/24
16:14
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Syndicate
Breaking Syndicate news story on Translate Bio »

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  • 18

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TEAM

Atlassian

$129.57

2.33 (1.83%)

16:11
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Atlassian co-CEOs adopt new 10b5-1 trading plans »

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HIBB

Hibbett Sports

$23.90

4.06 (20.46%)

16:10
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MYOV

Myovant Sciences

$12.44

-0.415 (-3.23%)

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Earnings
Myovant Sciences reports Q4 EPS ($1.07), consensus ($1.02) »

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TD

Toronto-Dominion

$56.66

0.65 (1.16%)

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CPRT

Copart

$71.06

1.07 (1.53%)

16:02
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  • 03

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PFE

Pfizer

$41.96

0.04 (0.10%)

16:01
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  • 31

    May

IMMR

Immersion

$7.69

-0.03 (-0.39%)

15:55
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Options
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  • 14

    Jun

S

Sprint

$6.98

0.03 (0.43%)

, TMUS

T-Mobile

$76.09

0.02 (0.03%)

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Periodicals
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S

Sprint

$6.98

0.03 (0.43%)

TMUS

T-Mobile

$76.09

0.02 (0.03%)

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  • 13

    Jun

BPMC

Blueprint Medicines

$84.69

1.65 (1.99%)

15:30
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Options
Volatility play opened in Blueprint Medicines as shares add 2% to $84.60 »

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  • 18

    Jun

FB

Facebook

$181.48

0.59 (0.33%)

15:20
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  • 30

    May

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  • 03

    Jun

AZZ

AZZ Inc.

$42.81

-0.47 (-1.09%)

15:19
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05/24
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Conference/Events
AZZ Inc. management to meet with Sidoti »

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  • 28

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

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NASDAQ market internals summary »

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OSPN

OneSpan

$13.83

0.24 (1.77%)

15:16
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Conference/Events
OneSpan management to meet with Sidoti »

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