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C

Citi

$68.38

-1.57 (-2.24%)

08:01
10/12/18
10/12
08:01
10/12/18
08:01

Citi reports Q3 operating expense $10.3B

Citigroup's operating expenses of $10.3 billion in the third quarter 2018 decreased 1%, as higher volume-related expenses and investments were more than offset by efficiency savings and the wind-down of legacy assets. Citigroup's allowance for loan losses was $12.3 billion at quarter end, or 1.84% of total loans, compared to $12.4 billion, or 1.91% of total loans, at the end of the prior-year period. Total non-accrual assets declined 19% from the prior-year period to $4.0 billion. Consumer non-accrual loans declined 15% to $2.4 billion and corporate non-accrual loans decreased 25% to $1.5 billion. Citigroup's cost of credit in the third quarter 2018 was $2.0 billion, a 1% decrease, primarily driven by lower reserve builds in Citi Retail Services and Citi-Branded Cards in North America GCB, partially offset by a net reserve build in ICG. Citigroup's end-of-period loans were $675 billion as of quarter end, up 3% from the prior-year period. Excluding the impact of foreign exchange translation, Citigroup's end-of-period loans grew 4%, as 6% aggregate growth in ICG and GCB was partially offset by the continued wind-down of legacy assets in Corporate / Other.

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C Citi
$68.38

-1.57 (-2.24%)

07/27/18
RHCO
07/27/18
NO CHANGE
Target $240
RHCO
Buy
MasterCard price target raised to $240 from $215 at SunTrust
SunTrust analyst Andrew Jeffrey raised his price target on MasterCard to $240 and kept his Buy rating, saying the company is demonstrating expansion of global market share while posting a 14% Q2 volume growth. The analyst adds that while MasterCard has a higher valuation than PayPal (PYPL) and Visa (V) - a 10% relative EBITDA premium - it is justified and may even be too narrow given its superior growth sustainability and margin upside.
08/28/18
WELS
08/28/18
NO CHANGE
Target $100
WELS
Outperform
Citi to benefit from potential U.S.-Mexico trade deal, says Wells Fargo
Wells Fargo analyst Mike Mayo believes Citi could gain more than other large U.S. banks from a U.S.-Mexico trade deal given its ownership of the second largest bank in Mexico, Citibanamex. In his view, Citi's stock had been hurt on perceptions of the U.S. relationship with Mexico. At a minimum, any new trade deal could reflect the absence of a negative and, on the upside, new potential growth opportunities, he contends. Mayo reiterates an Outperform rating and $100 price target on the shares.
09/19/18
OPCO
09/19/18
NO CHANGE
OPCO
Outperform
U.S. banks 'in very good shape,' says Oppenheimer, favorites include BofA, Citi
Oppenheimer analyst Chris Kotowski tells investors in a research note that the U.S. banking group is on solid footing with balance sheets less risky than at any time over the last 33 years the firm covered the group and says his favorite bank stocks are Outperform-rated Bank of America (BAC), Citi (C), CIT (CIT) and Goldman Sachs (GS). However, Kotowski notes that banks are trading at an average relative P/E of just ~66% relative to the S&P 500 and returning to a historical avg valuation of 73%-80% range would imply over a thousand basis points of outperformance by the group. In his view, the U.S. banks are, on the whole, in "very good" shape.
09/25/18
WOLF
09/25/18
INITIATION
Target $91
WOLF
Outperform
Citi initiated with an Outperform at Wolfe Research
Wolfe Research analyst Steven Chubak initiated Citi with an Outperform and $91 price target.

TODAY'S FREE FLY STORIES

LOGI

Logitech

$40.00

0.88 (2.25%)

15:34
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Logitech options imply 10.3% move in share price post-earnings, above median historical move »

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LLY

Eli Lilly

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-0.06 (-0.05%)

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SCG

Scana

$36.46

-4.43 (-10.83%)

, D

Dominion

$73.31

-0.215 (-0.29%)

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SCANA says SC judge indicated no final decision has been reached »

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Scana

$36.46

-4.43 (-10.83%)

D

Dominion

$73.31

-0.215 (-0.29%)

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15:25
10/22/18
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Conference/Events
UBS LatAm Equity Research Analyst to hold an analyst/industry conference call »

LatAm Equity…

NKTR

Nektar

$40.00

-8.23 (-17.06%)

, RHHBY

Roche

$0.00

(0.00%)

15:24
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Hot Stocks
Nektar Therapeutics plunges as Roche data seen as concern »

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NKTR

Nektar

$40.00

-8.23 (-17.06%)

RHHBY

Roche

$0.00

(0.00%)

LLY

Eli Lilly

$111.88

-0.03 (-0.03%)

BMY

Bristol-Myers

$50.90

-3.41 (-6.28%)

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SCG

Scana

$36.13

-4.76 (-11.64%)

15:20
10/22/18
10/22
15:20
10/22/18
15:20
Hot Stocks
Breaking Hot Stocks news story on Scana »

SCANA trading halted,…

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CAT

Caterpillar

$130.96

-0.41 (-0.31%)

15:20
10/22/18
10/22
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15:20
Options
Second day of interest in Caterpillar weekly puts ahead of earnings »

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SLM

Sallie Mae

$10.57

-0.01 (-0.09%)

15:19
10/22/18
10/22
15:19
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15:19
Options
Sallie Mae options imply 6.3% move in share price post-earnings, above median historical move »

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

15:17
10/22/18
10/22
15:17
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15:17
Technical Analysis
NASDAQ market internals summary »

Volume is above average…

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$NYE

NYSE Market Internals

$0.00

(0.00%)

15:16
10/22/18
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15:16
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15:16
Technical Analysis
NYSE market internals summary »

Volume is average for…

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RL

Ralph Lauren

$127.64

4.15 (3.36%)

15:15
10/22/18
10/22
15:15
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15:15
Options
Ralph Lauren put volume heavy and directionally bearish »

Bearish flow noted in…

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15:15
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General news
Treasury Closing Summary: »

Treasury Closing Summary:…

AJG

Arthur J. Gallagher

$72.68

-0.005 (-0.01%)

15:10
10/22/18
10/22
15:10
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15:10
Hot Stocks
Arthur J. Gallagher acquires Richter International Consulting, terms undisclosed »

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UBSFY

Ubisoft

$0.00

(0.00%)

, EA

Electronic Arts

$101.96

-0.11 (-0.11%)

15:07
10/22/18
10/22
15:07
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15:07
Periodicals
EA Motive founder Raymond to leave company, VentureBeat reports »

EA Motive (EA) studio…

UBSFY

Ubisoft

$0.00

(0.00%)

EA

Electronic Arts

$101.96

-0.11 (-0.11%)

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VAR

Varian Medical

$103.96

-0.285 (-0.27%)

15:06
10/22/18
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Conference/Events
Varian Medical to host investor meeting »

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CDNS

Cadence Design

$40.68

0.55 (1.37%)

15:04
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Options
Cadence Design options imply 7.0% move in share price post-earnings, above median historical move »

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FDC

First Data

$23.19

-0.22 (-0.94%)

15:03
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First Data to refinance revolving credit facility and certain other indebtedness »

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CSBR

Champions Oncology

$12.10

-0.61 (-4.80%)

15:00
10/22/18
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Conference/Events
Champions Oncology management to meet with Craig-Hallum »

Meetings to be held in…

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SCG

Scana

$36.09

-4.8 (-11.74%)

, D

Dominion

$73.39

-0.135 (-0.18%)

14:57
10/22/18
10/22
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14:57
Periodicals
SC senator: Law on nuclear construction to be deemed unconstitutional, CBJ says »

South Carolina state…

SCG

Scana

$36.09

-4.8 (-11.74%)

D

Dominion

$73.39

-0.135 (-0.18%)

03/08/13
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  • 05

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SCG

Scana

$36.43

-4.46 (-10.91%)

, D

Dominion

$73.29

-0.235 (-0.32%)

14:55
10/22/18
10/22
14:55
10/22/18
14:55
Periodicals
Breaking Periodicals news story on Scana, Dominion »

Dominion declines comment…

SCG

Scana

$36.43

-4.46 (-10.91%)

D

Dominion

$73.29

-0.235 (-0.32%)

03/08/13
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SYMC

Symantec

$19.73

0.06 (0.31%)

14:50
10/22/18
10/22
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14:50
Options
Sweep buyer of Symantec call options »

Sweep buyer of Symantec…

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AMTD

TD Ameritrade

$50.05

-0.44 (-0.87%)

14:49
10/22/18
10/22
14:49
10/22/18
14:49
Options
TD Ameritrade options imply 5.8% move in share price post-earnings, above median historical move »

Pre-earnings options…

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MRBK

Meridian Bank

$17.01

(0.00%)

14:42
10/22/18
10/22
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14:42
Hot Stocks
Meridian Bank names Randy J. McGarry chief information officer »

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KKR

KKR

$24.01

-0.21 (-0.87%)

14:35
10/22/18
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14:35
Options
KKR put volume heavy and directionally bearish »

Bearish flow noted in KKR…

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  • 25

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AU

AngloGold

$9.86

0.05 (0.51%)

14:34
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AngloGold says Kibali Gold Mine seen delivering record performance in Q3 »

AngloGold Ashanti reports…

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