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SBNY

Signature Bank

$137.00

2.37 (1.76%)

05:29
04/17/19
04/17
05:29
04/17/19
05:29

Signature Bank reports Q1 EPS ex-items $2.69, consensus $2.76

Reports Q1 book value per share $82.35. Reports Q1 CET1 capital ratio 11.97%. Reports Q1 net charge-offs 0.01%. "The past several quarters have been extremely productive for Signature Bank as we build for the future. During this time, we started two best-in-class divisions -- the Fund Banking Division and the Venture Banking Group -- while also commencing our West Coast operations with the opening of our San Francisco private client banking office. Additionally, we launched Signet, our proprietary, blockchain-based digital real time payments platform. We have added qualified colleagues to our team across the board to support all of these new business initiatives. We embarked on these pertinent growth initiatives simultaneously as we believe they will all contribute to strengthening our franchise and help position the Bank for continued success," explained Joseph DePaolo, Co-founder, President and CEO.

  • 17

    Apr

  • 18

    Apr

SBNY Signature Bank
$137.00

2.37 (1.76%)

04/04/19
JPMS
04/04/19
UPGRADE
Target $150
JPMS
Overweight
Signature Bank upgraded to Overweight from Neutral at JPMorgan
JPMorgan analyst Steven Alexopoulos upgraded Signature Bank to Overweight from Neutral and raised his price target for the shares to $150 from $133.
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
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Facebook (FB) upgraded to Buy from Neutral at Guggenheim with analyst Michael Morris saying investors will continue to gain comfort with the incremental financial risk created by Facebook's content and privacy concerns. 2. NIO Inc. (NIO) upgraded to Buy from Neutral at Citi and to Neutral from Underperform at BofA/Merrill. 3. Ingersoll-Rand (IR) upgraded to Buy from Neutral at BofA/Merrill with analyst Andrew Obin citing premium core and earnings growth. 4. EOG Resources (EOG) upgraded to Buy from Hold at Tudor Pickering. 5. Signature Bank (SBNY) upgraded to Overweight from Neutral at JPMorgan with analyst Steven Alexopoulos raising his price target for the shares to $150 from $133. 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

MSFT

Microsoft

$125.00

-0.5 (-0.40%)

06:22
04/25/19
04/25
06:22
04/25/19
06:22
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Microsoft analyst commentary  »

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COTY

Coty

$11.15

-0.07 (-0.62%)

06:21
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04/25
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JAB extends partial cash tender offer to acquire up to 150M shares of Coty »

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PDS

Precision Drilling

$2.80

-0.125 (-4.27%)

06:20
04/25/19
04/25
06:20
04/25/19
06:20
Earnings
Precision Drilling reports Q1 EPS ex-items 0c, consensus (5c) »

Reports Q1 revenue $434M,…

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    Apr

STC

Stewart

$43.87

-0.24 (-0.54%)

06:20
04/25/19
04/25
06:20
04/25/19
06:20
Earnings
Stewart reports Q1 EPS (29c), consensus 0c »

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DLTR

Dollar Tree

$110.20

0.9 (0.82%)

06:20
04/25/19
04/25
06:20
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06:20
Recommendations
Dollar Tree analyst commentary  »

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BAYRY

Bayer

$0.00

(0.00%)

06:20
04/25/19
04/25
06:20
04/25/19
06:20
Hot Stocks
Bayer says 'on track' with plans to exit animal health business »

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HZO

MarineMax

$19.84

0.48 (2.48%)

06:20
04/25/19
04/25
06:20
04/25/19
06:20
Earnings
MarineMax cuts FY19 EPS view to $1.75-$1.85 from $1.85-$1.95 

FY19 consensus $1.94.

03/08/13
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  • 25

    Apr

CYBR

CyberArk

$125.66

-0.38 (-0.30%)

06:19
04/25/19
04/25
06:19
04/25/19
06:19
Downgrade
CyberArk rating change  »

CyberArk downgraded to…

03/08/13
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  • 14

    May

BAYRY

Bayer

$0.00

(0.00%)

06:19
04/25/19
04/25
06:19
04/25/19
06:19
Hot Stocks
Breaking Hot Stocks news story on Bayer »

Bayer confirms outlook…

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HZO

MarineMax

$19.84

0.48 (2.48%)

06:19
04/25/19
04/25
06:19
04/25/19
06:19
Earnings
MarineMax reports Q2 EPS 23c, consensus 31c »

Reports Q2 revenue…

03/08/13
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03/08/13
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  • 25

    Apr

EL

Estee Lauder

$170.39

-0.67 (-0.39%)

06:18
04/25/19
04/25
06:18
04/25/19
06:18
Recommendations
Estee Lauder analyst commentary  »

Estee Lauder price target…

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03/06/13
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  • 01

    May

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    May

BAYRY

Bayer

$0.00

(0.00%)

06:18
04/25/19
04/25
06:18
04/25/19
06:18
Earnings
Bayer reports Q1 core EPS EUR2.55 vs. EUR2.24 last year »

Reports Q1 sales…

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LKQ

LKQ Corp.

$31.46

0.12 (0.38%)

06:18
04/25/19
04/25
06:18
04/25/19
06:18
Earnings
LKQ Corp. still sees 2019 adjusted EPS $2.34-$2.46, consensus $ »

Still sees 2019 organic…

03/08/13
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03/08/13
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AGR

Avangrid

$52.60

0.245 (0.47%)

06:17
04/25/19
04/25
06:17
04/25/19
06:17
Downgrade
Avangrid rating change  »

Avangrid downgraded to…

03/08/13
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CX

Cemex

$4.83

0.05 (1.05%)

06:17
04/25/19
04/25
06:17
04/25/19
06:17
Earnings
Cemex reports Q1 revenue $3.2B, consensus $3.35B »

Operating EBITDA…

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  • 25

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LKQ

LKQ Corp.

$31.46

0.12 (0.38%)

06:16
04/25/19
04/25
06:16
04/25/19
06:16
Earnings
LKQ Corp. reports Q1 adjusted EPS 56c, consensus 56c »

Reports Q1 revenue $3.1B,…

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    Nov

FBC

Flagstar Bancorp

$35.44

0.355 (1.01%)

06:16
04/25/19
04/25
06:16
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06:16
Downgrade
Flagstar Bancorp rating change  »

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WYNN

Wynn Resorts

$144.35

1.35 (0.94%)

06:15
04/25/19
04/25
06:15
04/25/19
06:15
Upgrade
Wynn Resorts rating change  »

Wynn Resorts upgraded to…

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  • 07

    May

SAVE

Spirit Airlines

$58.30

0.82 (1.43%)

06:15
04/25/19
04/25
06:15
04/25/19
06:15
Downgrade
Spirit Airlines rating change at BofA/Merrill »

Spirit Airlines…

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PNM

PNM Resources

$45.22

0.33 (0.74%)

06:15
04/25/19
04/25
06:15
04/25/19
06:15
Upgrade
PNM Resources rating change  »

PNM Resources upgraded to…

03/08/13
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03/08/13
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03/06/13
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  • 07

    May

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BA

Boeing

$375.32

1.28 (0.34%)

, EADSY

Airbus

$0.00

(0.00%)

06:14
04/25/19
04/25
06:14
04/25/19
06:14
Periodicals
Boeing removes 210 orders from backlog after Jet stops operations, Reuters says »

Boeing (BA) has dropped…

BA

Boeing

$375.32

1.28 (0.34%)

EADSY

Airbus

$0.00

(0.00%)

03/08/13
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  • 29

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  • 05

    Jun

DAN

Dana

$20.13

-0.16 (-0.79%)

, F

Ford

$9.58

0.08 (0.84%)

06:14
04/25/19
04/25
06:14
04/25/19
06:14
Hot Stocks
Dana, Motiv announce collaboration on Ford F-550 for commercial fleet use »

Dana (DAN) and Motiv…

DAN

Dana

$20.13

-0.16 (-0.79%)

F

Ford

$9.58

0.08 (0.84%)

03/08/13
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03/06/13
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FBNC

First Bancorp

06:14
04/25/19
04/25
06:14
04/25/19
06:14
Upgrade
First Bancorp rating change  »

First Bancorp upgraded to…

03/08/13
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  • 09

    May

PYPL

PayPal

$107.18

0.27 (0.25%)

06:14
04/25/19
04/25
06:14
04/25/19
06:14
Hot Stocks
Happy Returns announces strategic investment from PayPal »

Happy Returns announced a…

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  • 09

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    Jun

SAP

SAP

$129.01

14.17 (12.34%)

06:14
04/25/19
04/25
06:14
04/25/19
06:14
Upgrade
SAP rating change  »

SAP upgraded to Hold from…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 07

    May

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