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ETFC

E-Trade

$51.44

0.33 (0.65%)

, COF

Capital One

$87.99

0.76 (0.87%)

07:35
11/06/18
11/06
07:35
11/06/18
07:35

E-Trade expects 2019 EPS accretion 'better than' 6c from acquisition

E*TRADE Financial Corporation (ETFC) announced that it has completed the acquisition and conversion of approximately one million retail brokerage accounts from Capital One Financial Corporation (COF) for a purchase price of approximately $109M.As of November 2, 2018, these accounts carried $15.4B in total customer assets including $1.6B in customer cash. E*TRADE expects 2019 EPS accretion to be better than the 6c communicated at the time of the original announcement. Pursuant to the terms of the agreement, the final acquisition price incorporates adjustments relating to the timing of closing, account closures or transfers prior to conversion, and other factors.

ETFC

E-Trade

$51.44

0.33 (0.65%)

COF

Capital One

$87.99

0.76 (0.87%)

  • 06

    Nov

ETFC E-Trade
$51.44

0.33 (0.65%)

10/30/18
RAJA
10/30/18
DOWNGRADE
RAJA
Outperform
E-Trade downgraded to Outperform from Strong Buy at Raymond James
10/30/18
10/30/18
DOWNGRADE
Target $64

Outperform
E-Trade downgraded to Outperform, sale off the table, says Raymond James
As previously reported, Raymond James downgraded E-Trade to Outperform from Strong Buy and maintained a $64 price target. Analyst Patrick O'Shaughnessy said the recent board decision not to sell the business and remain a standalone company takes a sales scenario off the table. The analyst remains positive on shares ans believes there is plenty of upside as management executes on its operating plan.
10/30/18
10/30/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. LabCorp (LH) downgraded to Hold from Buy at Argus with analyst Jasper Hellweg saying the company is faced with pressure from "lower lab testing payment rates mandated by the Protecting Access to Medicaid Act of 2014" along with business disruptions and the impact of acquisitions which resulted in lowers margins for the quarter. 2. E-Trade (ETFC) downgraded to Outperform from Strong Buy at Raymond James with analyst Patrick O'Shaughnessy saying the recent board decision not to sell the business and remain a standalone company takes a sales scenario off the table. The analyst remains positive on shares ans believes there is plenty of upside as management executes on its operating plan. 3. Southwest (LUV) downgraded to Underweight from Neutral at JPMorgan while United Continental (UAL) and Spirit Airlines (SAVE) downgraded to Neutral from Overweight. 4. Flex (FLEX) downgraded to Hold from Buy at Argus with analyst Jim Kelleher citing the expected impact from the "shutdown of Mexican operations with key customer Nike (NKE), which he expects to be fully unwound," as well as the retirement of the company CEO Mike McNamara who had presided over the company's business expansion. 5. Elevate Credit (ELVT) downgraded to Market Perform from Outperform at JMP Securities and William Blair. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/02/18
WOLF
11/02/18
UPGRADE
WOLF
Outperform
E-Trade upgraded to Outperform from Peer Perform at Wolfe Research
COF Capital One
$87.99

0.76 (0.87%)

10/24/18
WELS
10/24/18
NO CHANGE
Target $103
WELS
Outperform
Capital One price target lowered to $103 from $110 at Wells Fargo
Wells Fargo analyst Donald Fandetti lowered his price target for Capital One to $103 from $110 following quarterly results. The analyst reiterates an Outperform rating on the shares.
10/24/18
SDLR
10/24/18
NO CHANGE
Target $115
SDLR
Buy
Capital One price target raised to $115 after earnings beat at Sandler O'Neill
Sandler O'Neill analyst Christopher Donat raised his 2018, 2019 and 2020 EPS estimates for Capital One after the company's Q3 core EPS beat, which he was driven by a lower than expected provision for credit losses and net interest income that increased 4% from Q2. Separate from the earnings release, Capital One disclosed that its domestic card net charge off ratio was 4.13% in September, which was below Donat's expectation of 4.46%. He views the year-over-year charge off decrease as further evidence of "the end of the negative parts of growth math," added Donat. He raised his price target on Capital One shares to $115 from $113 and keeps a Buy rating on the shares.
10/24/18
BMOC
10/24/18
NO CHANGE
Target $146
BMOC
Outperform
Capital One price target raised to $146 from $135 at BMO Capital
BMO Capital analyst James Fotheringham raised his price target on Capital One to $146 and kept his Outperform rating after its "credit-driven" Q3 earnings beat. The analyst cites lower than expected loan loss provision and higher net interest income, adding that the stock offers a "very meaningful" re-rating potential.
10/31/18
MSCO
10/31/18
NO CHANGE
MSCO
Morgan Stanley sees BB&T, AmEx as possible winners if Fed changes bank rules
Noting that the Federal Reserve will release a memo detailing proposed changes to bank capital rules to the public around 10 am today and is scheduled to vote on this proposal in a meeting starting at 10:30 am, Morgan Stanley analyst Betsy Graseck said BB&T (BBT) could be the biggest beneficiary with a 5% EPS increase if it is ruled that banks with more than $250B in assets that are not Global Systemically Important Banks should have more tailored regulation. Other potential beneficiaries of possible rule changes include American Express (AXP), Capital One (COF), Northern Trust (NTRS), PNC Financial (PNC) and U.S. Bancorp (USB), Graseck added.

TODAY'S FREE FLY STORIES

HYMTF

Hyundai Motor

$0.00

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SMTS

Sierra Metals

$1.64

0.05 (3.14%)

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LGF.B

Lionsgate

$15.17

0.4 (2.71%)

, NFLX

Netflix

$378.09

2.94 (0.78%)

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$378.09

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AAPL

Apple

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SPOT

Spotify

$144.04

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ROKU

Roku

$66.82

1.86 (2.86%)

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TSLA

Tesla

$274.10

0.6 (0.22%)

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HSBC

HSBC

$41.07

-0.16 (-0.39%)

, BLK

BlackRock

$430.32

0.35 (0.08%)

19:44
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$41.07

-0.16 (-0.39%)

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BlackRock

$430.32

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  • 27

    Oct

UBER

Uber

$0.00

(0.00%)

, ICE

IntercontinentalExchange

$73.36

0.15 (0.20%)

19:21
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Periodicals
Uber selects NYSE for 2019 IPO, Bloomberg reports »

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UBER

Uber

$0.00

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ICE

IntercontinentalExchange

$73.36

0.15 (0.20%)

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  • 02

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PIN

Pinterest

$25.63

-0.07 (-0.27%)

19:18
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Pinterest moves up IPO timing, seeks to list shares on NYSE in April, WSJ says »

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TAP

Molson Coors

$60.80

1.04 (1.74%)

, BUD

AB InBev

$83.94

0.52 (0.62%)

18:57
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Periodicals
MillerCoors sues AB InBev over corn syrup claims, WSJ reports »

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TAP

Molson Coors

$60.80

1.04 (1.74%)

BUD

AB InBev

$83.94

0.52 (0.62%)

03/08/13
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  • 07

    May

OSS

One Stop Systems

$2.52

(0.00%)

, AMRN

Amarin

$18.77

-0.24 (-1.26%)

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$2.52

(0.00%)

AMRN

Amarin

$18.77

-0.24 (-1.26%)

GME

GameStop

$10.54

0.06 (0.57%)

DLNG

Dynagas LNG

$2.61

0.025 (0.97%)

ZUO

Zuora

$24.34

0.62 (2.61%)

CAL

Caleres

$25.75

-0.08 (-0.31%)

OPNT

Opiant Pharmaceuticals

$14.00

0.5 (3.70%)

NKE

Nike

$88.05

1.3597 (1.57%)

CTAS

Cintas

$208.00

2.78 (1.35%)

CNAT

Conatus

$2.91

0.02 (0.69%)

GG

Goldcorp

$11.17

0.13 (1.18%)

NEM

Newmont Mining

$34.32

0.44 (1.30%)

03/08/13
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03/06/13
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  • 21

    Mar

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    Mar

  • 25

    Mar

  • 02

    Apr

  • 04

    Apr

  • 04

    Apr

  • 11

    Apr

  • 16

    Apr

  • 23

    Apr

UBER

Uber

$0.00

(0.00%)

, ICE

IntercontinentalExchange

$73.36

0.15 (0.20%)

18:40
03/21/19
03/21
18:40
03/21/19
18:40
Periodicals
Uber selects NYSE for 2019 IPO, Bloomberg reports »

Uber (UBER) has picked…

UBER

Uber

$0.00

(0.00%)

ICE

IntercontinentalExchange

$73.36

0.15 (0.20%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
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03/06/13
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  • 02

    May

  • 17

    May

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    May

CVS

CVS Health

$57.40

1.23 (2.19%)

18:34
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CVS Health CEO: Off to great start with Aetna integration »

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  • 25

    Mar

SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$284.63

3.19 (1.13%)

18:30
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Periodicals
EU to offer U.K. Brexit negotiating period extension, Reuters says »

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SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$284.63

3.19 (1.13%)

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NOK

Nokia

$6.26

-0.03 (-0.48%)

18:20
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Periodicals
Nokia not planning to take on new business in Iran in 2019, Reuters says »

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  • 20

    May

DNR

Denbury Resources

$1.95

0.06 (3.17%)

, PVAC

Penn Virginia

$54.29

1.74 (3.31%)

18:17
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Hot Stocks
Denbury Resources: Penn Virginia deal was unlikely to receive majority approval »

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DNR

Denbury Resources

$1.95

0.06 (3.17%)

PVAC

Penn Virginia

$54.29

1.74 (3.31%)

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  • 07

    May

IMMP

Immutep

$2.40

-0.095 (-3.82%)

18:11
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Immutep announces U.S. patent for Eftilagimod Alpha in cancer »

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PVAC

Penn Virginia

$54.29

1.74 (3.31%)

, DNR

Denbury Resources

$1.95

0.06 (3.17%)

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PVAC

Penn Virginia

$54.29

1.74 (3.31%)

DNR

Denbury Resources

$1.95

0.06 (3.17%)

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  • 07

    May

LLL

L3 Technologies

$208.75

1.535 (0.74%)

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  • 04

    Apr

  • 01

    May

GM

General Motors

$37.35

0.35 (0.95%)

17:42
03/21/19
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GM to invest $300M in Orion EV/AV factory, Reuters reports »

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  • 27

    Mar

  • 30

    Apr

GD

General Dynamics

$169.81

1.21 (0.72%)

17:42
03/21/19
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General Dynamics awarded $465.15M Navy contract for CVN shipyard availabilities »

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  • 28

    May

NKE

Nike

$88.05

1.3597 (1.57%)

17:41
03/21/19
03/21
17:41
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17:41
Earnings
Breaking Earnings news story on Nike »

Nike sees FY20 revenue…

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  • 21

    Mar

  • 04

    Apr

  • 04

    Apr

NKE

Nike

$88.05

1.3597 (1.57%)

17:39
03/21/19
03/21
17:39
03/21/19
17:39
Earnings
Nike sees Q4 revenue growth in high single-digit range, consensus $10.38B »

Sees Q4 gross margin…

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  • 21

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    Apr

NKE

Nike

$88.05

1.3597 (1.57%)

17:36
03/21/19
03/21
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17:36
Hot Stocks
Nike says it is not taking China momentum for granted »

Says leveraging the power…

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  • 21

    Mar

  • 04

    Apr

  • 04

    Apr

LOV

Spark Networks

$11.29

(0.00%)

17:34
03/21/19
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17:34
Hot Stocks
Spark Networks to acquire Zoosk, sees adjusted EBITDA to exceed $50M in 2020 »

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ACA

Arcosa

$29.74

-0.16 (-0.54%)

17:29
03/21/19
03/21
17:29
03/21/19
17:29
Initiation
Arcosa initiated at DA Davidson »

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JNJ

Johnson & Johnson

$138.09

0.86 (0.63%)

17:24
03/21/19
03/21
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17:24
Hot Stocks
Johnson & Johnson sees Q1 charge of about $700M related to AL-8176 »

On March 21, Johnson…

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  • 16

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