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WFC

Wells Fargo

$48.32

-1.54 (-3.09%)

16:30
03/22/19
03/22
16:30
03/22/19
16:30

Wells Fargo implied volatility lifts across the board, steepens

Wells Fargo implied volatility lifts across the board, steepens. Shares finished down 1.55, or 3%, at $48.31 today amidst a broad selloff in the sector that saw peers Citi and BofA down over 4%. Wells Fargo option volume of 60K contracts was 59% above recent average with April 50 calls leading the most-actives as over 5600 contracts traded, most in the 64-68c range near 3pm ET. Implied volatility in WFC is notably higher on the day, up nearly 3 points in the April term which includes earnings, and nearly 1 point higher in the one and two year end. 25delta Put/Call skew also steepened to over 4 points in the April term, the high end of the 52wk range for the name. chart

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WFC Wells Fargo
$48.32

-1.54 (-3.09%)

01/02/19
RBCM
01/02/19
UPGRADE
Target $48
RBCM
Sector Perform
Wells Fargo upgraded to Sector Perform from Underperform at RBC Capital
As noted earlier, RBC Capital analyst Gerard Cassidy upgraded Wells Fargo to Sector Perform but lowered his price target to $48 from $50. The analyst notes that his prior downgrade was related to expectations that the Federal Reserve's Cease & Desist Order would "seriously hamper" the bank's ability to operate in an "otherwise healthy banking environment." At current prices however, Cassidy contends that the stock "fully discounts" the bank's regulatory risks, also raising his Q4 earnings estimate by 8c to $1.28.
01/07/19
GSCO
01/07/19
DOWNGRADE
Target $144
GSCO
Neutral
PNC Financial downgraded to Neutral from Buy at Goldman Sachs
Goldman Sachs analyst Richard Ramsden downgraded PNC Financial (PNC) to Neutral and lowered his price target for the shares to $144 from $154. Commercial loan growth has fallen 7 percentage points and is likely to track industry growth rates more closely from here, Ramsden tells investors in a research note. Further, he thinks higher deposit betas could "hinder" PNC's net interest income growth and that the current valuation "appears fair on a relative basis." In an environment where the revenue outlook is uncertain, Bank of America (BAC) and Wells Fargo look best positioned, says Ramsden.
01/08/19
WOLF
01/08/19
DOWNGRADE
WOLF
Peer Perform
Wells Fargo downgraded to Peer Perform from Outperform at Wolfe Research
03/13/19
JPMS
03/13/19
NO CHANGE
JPMS
Underweight
Wells Fargo shares to remain pressured by political risks, says JPMorgan
While Wells Fargo's CEO Tim Sloan testified to the House Financial Services Committee, the more notable event yesterday was the "surprising" statement from Office of the Comptroller of the Currency rebuking the company, JPMorgan analyst Vivek Juneja tells investors in a research note. This raises the question of whether the OCC will push for any changes in the leadership of Wells, says the analyst. He believes that political and headline risks, as well as scrutiny from regulators, are likely to remain high for Wells Fargo over the next year or so, which will continue to pressure the stock. Juneja keeps an Underweight rating on the shares.

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TBIO

Translate Bio

$11.01

0.405 (3.82%)

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SWK

Stanley Black & Decker

$144.45

0.73 (0.51%)

21:05
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LEN

Lennar

$53.10

-0.23 (-0.43%)

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WHR

Whirlpool

$152.15

3.4 (2.29%)

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TELL

Tellurian

$8.33

-0.1 (-1.19%)

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NEXT

NextDecade

$6.30

-0.1 (-1.56%)

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LINX

Linx S.A.

$7.74

0.22 (2.93%)

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GIS

General Mills

$55.03

0.48 (0.88%)

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ROAD

Construction Partners

$14.39

-0.42 (-2.84%)

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NVST

Envista

$0.00

(0.00%)

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INVH

Invitation Homes

$28.49

0.31 (1.10%)

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  • 18

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AMC

AMC Entertainment

$11.46

-0.46 (-3.86%)

, NCMI

National CineMedia

$8.35

0.25 (3.09%)

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AMC

AMC Entertainment

$11.46

-0.46 (-3.86%)

NCMI

National CineMedia

$8.35

0.25 (3.09%)

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  • 09

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BA

Boeing

$384.61

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Realty Income

$75.76

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NLNK

NewLink Genetics

$1.90

-0.03 (-1.55%)

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TELL

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CHWY

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IOTS

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PTCT

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TBIO

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ACAD

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YUMA

Yuma Energy

$5.08

-0.05 (-0.97%)

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ADBE

Adobe

$284.59

1.54 (0.54%)

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ARAY

Accuray

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