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CMA

Comerica

$79.00

-1.305 (-1.63%)

06:44
04/16/19
04/16
06:44
04/16/19
06:44

Comerica reports Q1 adj. EPS $2.08, consensus $1.93

Reports Q1 CET1 capital ratio 10.78%. Reports Q1 net charge-offs .08%. Reports Q1 efficiency ratio 36.23%. "First quarter results were solid and this year is off to a good start," said Ralph Babb, chairman and CEO. "Earnings per share increased 12 percent over fourth quarter and 33 percent over first quarter last year. Our results demonstrate our ability to drive broad-based loan growth, while carefully managing loan and deposit pricing as well as maintaining favorable credit metrics and controlling expenses. We continued our share buyback program, repurchasing 5.1 million shares. Altogether, this drove our ROE above 18 percent for the quarter."

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    May

CMA Comerica
$79.00

-1.305 (-1.63%)

04/04/19
JPMS
04/04/19
DOWNGRADE
Target $79
JPMS
Neutral
Comerica downgraded to Neutral from Overweight at JPMorgan
JPMorgan analyst Steven Alexopoulos downgraded Comerica to Neutral from Overweight and lowered his price target for the shares to $79 from $89.
04/04/19
GSCO
04/04/19
DOWNGRADE
Target $84
GSCO
Neutral
Goldman downgrades Comerica to Neutral from Buy as rate hikes wane
Goldman Sachs analyst Ryan Nash downgraded Comerica (CMA) to Neutral from Buy and lowered his price target for the shares to $84 from $89. While loan growth has begun to improve from the lows, a lack of additional interest rate hikes, along with more exposure to consumer deposits continuing to re-price higher, likely means that the company's margins will begin to compress beyond Q1, Nash tells investors in a research note. He believes this will "pressure" consensus estimates. In the Regional Banks space, the analyst is most upbeat on Signature Bank (SBNY), Citizens Financial (CFG) and Cadence Bancorp (CADE) into Q1. He's less optimistic on First Horizon (FHN) and Huntington Bancshares (HBAN).
04/04/19
JPMS
04/04/19
NO CHANGE
JPMS
JPMorgan downgrades Comerica, Zions and KeyCorp, upgrades Signature Bank
In an attempt to reduce interest rate "sensitivity," JPMorgan analyst Steven Alexopoulos downgraded Comerica (CMA), Zions Bancorp (ZION) and KeyCorp (KEY) to Neutral from Overweight and upgraded Signature Bank (SBNY) to Overweight from Neutral. The analyst says his bearish call on the bank sector "remains fully intact" even though the stock are "technically now much cheaper" since his October 2018 call. The tailwinds that helped bottom line growth for banks over the past several years will "fully start transitioning into headwinds" during 2019, Alexopoulos tells investors in a research note. He suggests repositioning portfolios away from asset sensitive banks while simultaneously increasing exposure to liability sensitive banks.
04/04/19
04/04/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Micron (MU) downgraded to Underweight from Equal Weight at Morgan Stanley with analyst Joseph Moore saying the company's fundamentals have not changed but the stock has rallied amid recent optimism as cloud demand has started to come back and a competitor has experienced a "minor product qualification challenge." 2. Brighthouse Financial (BHF) downgraded to Sell from Neutral at Citi with analyst Suneet Kamat saying the recent decline in long-term interest rates and the forward curve could negatively impact Brighthouse's ability to generate free cash flow from its variable annuity business. 3. Altaba (AABA) downgraded to Neutral from Overweight at JPMorgan with analyst Douglas Anmuth saying Altaba yesterday announced its board approved plans for a voluntary liquidation and dissolution, with total distributions paid expected between $76.62 and $79.22 per share, which represents ~5-9% upside from current levels. 4. Comerica (CMA) downgraded to Neutral from Overweight at JPMorgan and to Neutral from Buy at Goldman Sachs. 5. Roku (ROKU) downgraded to Neutral from Buy at Guggenheim with analyst Michael Morris saying Apple's (AAPL) video product unveiled on March 25 represents an additional risk to Roku's active user base. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

PM

Philip Morris

$85.49

-0.71 (-0.82%)

07:01
04/18/19
04/18
07:01
04/18/19
07:01
Earnings
Philip Morris reports Q1 adjusted EPS $1.09, consensus 97c »

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TRV

Travelers

$135.89

-2.48 (-1.79%)

07:01
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07:01
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Travelers raises quarterly dividend 6.5% to 82c per share »

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  • 18

    Apr

LVS

Las Vegas Sands

$67.90

-0.205 (-0.30%)

, WYNN

Wynn Resorts

$143.35

-1.37 (-0.95%)

07:01
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Recommendations
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LVS

Las Vegas Sands

$67.90

-0.205 (-0.30%)

WYNN

Wynn Resorts

$143.35

-1.37 (-0.95%)

MLCO

Melco Resorts & Entertainment

$26.43

0.52 (2.01%)

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INN

Summit Hotel Properties

$11.64

0.01 (0.09%)

07:00
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04/18
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07:00
Hot Stocks
Summit Hotel Properties sells 6 hotels for $135M »

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07:00
04/18/19
04/18
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04/18/19
07:00
General news
European stock markets are trading mixed, »

European stock markets…

TRV

Travelers

$135.89

-2.48 (-1.79%)

06:59
04/18/19
04/18
06:59
04/18/19
06:59
Hot Stocks
Travelers reports consolidated combined ratio of 93.7% »

Reports underlying…

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  • 18

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TRV

Travelers

$135.89

-2.48 (-1.79%)

06:58
04/18/19
04/18
06:58
04/18/19
06:58
Hot Stocks
Travelers reports book value per share $92.94, up 7% from year-end 2018 »

Reports adjusted book…

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  • 18

    Apr

TRV

Travelers

$135.89

-2.48 (-1.79%)

06:57
04/18/19
04/18
06:57
04/18/19
06:57
Hot Stocks
Breaking Hot Stocks news story on Travelers »

Travelers raises…

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  • 18

    Apr

CTG

Computer Task Group

$4.27

0.02 (0.47%)

06:57
04/18/19
04/18
06:57
04/18/19
06:57
Earnings
Computer Task Group backs FY19 non-GAAP EPS view 30c-40c, consensus 33c »

Backs FY19 revenue view…

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  • 18

    Apr

SNAP

Snap

$11.75

0.08 (0.69%)

06:57
04/18/19
04/18
06:57
04/18/19
06:57
Downgrade
Snap rating change  »

Snap downgraded to…

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  • 23

    Apr

TRV

Travelers

$135.89

-2.48 (-1.79%)

06:57
04/18/19
04/18
06:57
04/18/19
06:57
Earnings
Travelers reports Q1 core EPS $2.83, consensus $2.74 »

Reports Q1 revenue…

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  • 18

    Apr

FSLR

First Solar

$60.70

0.17 (0.28%)

06:57
04/18/19
04/18
06:57
04/18/19
06:57
Recommendations
First Solar analyst commentary  »

First Solar should be…

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PPG

PPG

$117.39

-1.01 (-0.85%)

06:57
04/18/19
04/18
06:57
04/18/19
06:57
Earnings
PPG backs FY19 adjusted EPS growth 7%-10%, consensus $6.24 »

"More broadly, we…

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  • 18

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CTG

Computer Task Group

$4.27

0.02 (0.47%)

06:56
04/18/19
04/18
06:56
04/18/19
06:56
Earnings
Computer Task Group reports Q1 non-GAAP EPS 6c, consensus 6c »

Reports Q1 revenue…

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  • 18

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PPG

PPG

$117.39

-1.01 (-0.85%)

06:54
04/18/19
04/18
06:54
04/18/19
06:54
Hot Stocks
PPG CEO says Q1 operating margins 'were higher than the prior year' »

"First quarter…

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  • 18

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PPG

PPG

$117.39

-1.01 (-0.85%)

06:53
04/18/19
04/18
06:53
04/18/19
06:53
Hot Stocks
PPG says committed to finalizing strategic review be end of second quarter »

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  • 18

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IRBT

iRobot

$129.26

-0.74 (-0.57%)

06:52
04/18/19
04/18
06:52
04/18/19
06:52
Recommendations
iRobot analyst commentary  »

iRobot price target…

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  • 24

    Apr

PPG

PPG

$117.39

-1.01 (-0.85%)

06:52
04/18/19
04/18
06:52
04/18/19
06:52
Earnings
PPG sees Q2 EPS $1.76-$1.86, consensus $1.86 »

"As we look ahead to…

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  • 18

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MNK

Mallinckrodt

$19.12

-2.51 (-11.60%)

06:52
04/18/19
04/18
06:52
04/18/19
06:52
Hot Stocks
Mallinckrodt announces results from gNO with EVLP study »

Mallinckrodt announced…

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  • 06

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PPG

PPG

$117.39

-1.01 (-0.85%)

06:51
04/18/19
04/18
06:51
04/18/19
06:51
Earnings
PPG reports Q1 adjusted EPS $1.38, consensus $1.21 »

Reports Q1 revenue…

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  • 18

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    Apr

LULU

Lululemon

$171.19

2.28 (1.35%)

06:51
04/18/19
04/18
06:51
04/18/19
06:51
Conference/Events
Lululemon to host analyst day »

Analyst day to be held in…

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  • 24

    Apr

SON

Sonoco

$60.98

-0.235 (-0.38%)

06:49
04/18/19
04/18
06:49
04/18/19
06:49
Earnings
Sonoco raises FY19 base EPS view to $3.52-$3.62 from $3.47-$3.57 »

Consensus for FY19 EPS is…

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DOV

Dover

$96.81

-0.66 (-0.68%)

06:49
04/18/19
04/18
06:49
04/18/19
06:49
Earnings
Breaking Earnings news story on Dover »

Dover backs FY19 adj. EPS…

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  • 18

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VRAY

ViewRay

$7.26

-0.16 (-2.16%)

06:49
04/18/19
04/18
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06:49
Hot Stocks
ViewRay announces Minouge Medical as Canadian distributor of MRIdian »

ViewRay announced that…

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  • 02

    May

NICE

Nice

$130.90

2.04 (1.58%)

, VRNT

Verint

$60.20

-1.49 (-2.42%)

06:48
04/18/19
04/18
06:48
04/18/19
06:48
Upgrade
Nice, Verint rating change  »

JPMorgan upgrades Nice to…

NICE

Nice

$130.90

2.04 (1.58%)

VRNT

Verint

$60.20

-1.49 (-2.42%)

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