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USB

U.S. Bancorp

$50.20

0.3 (0.60%)

06:47
04/17/19
04/17
06:47
04/17/19
06:47

U.S. Bancorp reports Q1 return on average assets of 1.49%

Reports Q1: Return on average assets of 1.49% and return on average common equity of 14.3%... Return on tangible common equity of 18.4%... Returned 77% of 1Q earnings to shareholders through dividends and share buybacks... Net interest income grew 2.9% year-over-year (2.8% on a taxable-equivalent basis) with positive operating leverage of 1.0% on a year-over-year basis... Average total loans grew 0.9% on a linked quarter basis and 2.4% (3.7% excluding the impact of loan sales) year-over-year... Nonperforming assets decreased 16.5% on a year-over-year basis.

  • 17

    Apr

  • 29

    May

USB U.S. Bancorp
$50.20

0.3 (0.60%)

03/25/19
JEFF
03/25/19
NO CHANGE
JEFF
Jefferies downgrades Financials to Underweight on 'shocking' Fed meeting
Jefferies analyst Steven DeSanctis is "very surprised" by last week's Federal Reserve's decision taking rate hikes completely off table in 2019. The "shocking" Fed meeting means lower rates for longer, which is not good for Financials, DeSanctis tells investors in a research note. A "lack of catalysts and weaker earnings growth" going forward for the entire sector, not just banks, means an Underweight rating on the space makes sense, says the analyst. As such, he downgraded his rating on the Financial sector to Underweight from Market Weight. Publicly traded companies in the space include Bank of America (BAC), Citi (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC).
02/08/19
02/08/19
NO CHANGE

Odeon's Bove says buy SunTrust, Midwest banks after deal announcement
Odeon analyst Dick Bove recommends investors buy shares of SunTrust (STI) following the company's announcement of an agreement to merge with BB&T (BBT), stating that the deal is expected to be accretive by 2021, but likely to be dilutive before this time. He also thinks investors should consider buying a group of Midwestern banks, as the deal puts "significant pressure" on those banks to merge. Banks such as Fifth Third (FITB) and KeyCorp (KEY) "need to join forces," while PNC (PNC) and U.S. Bancorp (USB) "need to buy more scale," Bove stated in his research note.
01/28/19
01/28/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Autohome (ATHM) downgraded to Underweight from Neutral at JPMorgan with analyst Binbin Ding saying he expects the company to see weakened pricing power amid a "challenging" market environment. 2. Vale (VALE) downgraded to Hold from Buy at HSBC and Jefferies, to Neutral from Outperform at Macquarie, and to Market Perform from Outperform at BMO Capital. 3. Amgen (AMGN) downgraded to In Line from Outperform at Evercore ISI with analyst Umer Raffat citing increased biosimilar competition and an imminent court decision on Enbrel patents with Sandoz. 4. Dynagas LNG (DLNG) downgraded to Neutral from Buy at B. Riley FBR with analyst Liam Burke saying the company "significantly" reduced its cash distribution in order to strengthen its balance sheet. 5. SunTrust (STI) and U.S. Bancorp (USB) were downgraded to Neutral from Outperform at Baird. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
01/28/19
BARD
01/28/19
DOWNGRADE
Target $55
BARD
U.S. Bancorp downgraded to Neutral following recent rally at Baird
As reported previously, Baird analyst David George downgraded U.S. Bancorp to Neutral from Outperform. The analyst cited its recent rally and outperformance of the banking index relative to the market. He said the risk/reward is now more balanced and noted that the stock trades at a slight premium to peers. George maintained his $55 price target on U.S. Bancorp shares.

TODAY'S FREE FLY STORIES

MCFT

MasterCraft Boat Holdings

$24.01

-0.08 (-0.33%)

06:35
04/18/19
04/18
06:35
04/18/19
06:35
Conference/Events
MasterCraft Boat Holdings management to meet with B. Riley FBR »

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BSM

Black Stone Minerals

$17.41

-0.12 (-0.68%)

06:35
04/18/19
04/18
06:35
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06:35
Initiation
Black Stone Minerals initiated  »

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DEO

Diageo

$162.12

-0.33 (-0.20%)

, PDRDY

Pernod Ricard

$0.00

(0.00%)

06:34
04/18/19
04/18
06:34
04/18/19
06:34
Periodicals
Manufacturers sue U.S. over excise-tax rules, WSJ reports »

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DEO

Diageo

$162.12

-0.33 (-0.20%)

PDRDY

Pernod Ricard

$0.00

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DB

Deutsche Bank

$8.93

0.065 (0.73%)

, CRZBY

Commerzbank

$0.00

(0.00%)

06:34
04/18/19
04/18
06:34
04/18/19
06:34
Periodicals
Breaking Periodicals news story on Deutsche Bank, Commerzbank »

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DB

Deutsche Bank

$8.93

0.065 (0.73%)

CRZBY

Commerzbank

$0.00

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AL

Air Lease

$38.05

0.455 (1.21%)

, EADSY

Airbus

$0.00

(0.00%)

06:34
04/18/19
04/18
06:34
04/18/19
06:34
Hot Stocks
Air Lease delivers of one new Airbus A330-900neo aircraft to Air Mauritius »

Air Lease (AL) announced…

AL

Air Lease

$38.05

0.455 (1.21%)

EADSY

Airbus

$0.00

(0.00%)

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HON

Honeywell

$162.92

0.12 (0.07%)

06:33
04/18/19
04/18
06:33
04/18/19
06:33
Earnings
Honeywell reports Q1 EPS $1.92, consensus $1.83 »

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  • 18

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KIDS

OrthoPediatrics

$36.67

-1.47 (-3.85%)

06:33
04/18/19
04/18
06:33
04/18/19
06:33
Conference/Events
OrthoPediatrics management to meet with BTIG »

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  • 24

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SNA

Snap-On

$157.85

1.35 (0.86%)

06:33
04/18/19
04/18
06:33
04/18/19
06:33
Hot Stocks
Snap-On CEO says 'we are encouraged by our first quarter 2019 results' »

"We are encouraged…

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  • 18

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SNA

Snap-On

$157.85

1.35 (0.86%)

06:32
04/18/19
04/18
06:32
04/18/19
06:32
Hot Stocks
Snap-On sees FY19 CapEx $90M-$100M »

Snap-on expects to make…

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  • 18

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  • 05

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SNA

Snap-On

$157.85

1.35 (0.86%)

06:31
04/18/19
04/18
06:31
04/18/19
06:31
Earnings
Snap-On reports Q1 adjusted EPS $3.01, consensus $2.90 »

Reports Q1 revenue…

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  • 18

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  • 05

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AXU

Alexco Resource

$1.00

0.0024 (0.24%)

06:30
04/18/19
04/18
06:30
04/18/19
06:30
Conference/Events
Alexco Resource management to meet with Roth Capital »

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  • 24

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  • 01

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AXP

American Express

$111.78

-0.1 (-0.09%)

06:28
04/18/19
04/18
06:28
04/18/19
06:28
Conference/Events
American Express management to meet with Morgan Stanley »

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  • 18

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SSNLF

Samsung

$0.00

(0.00%)

06:27
04/18/19
04/18
06:27
04/18/19
06:27
Periodicals
Samsung to probe causes of malfunctioning Galaxy Fold phones, WSJ reports »

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AQST

Aquestive Therapeutics

$6.24

0.12 (1.96%)

06:26
04/18/19
04/18
06:26
04/18/19
06:26
Conference/Events
Aquestive Therapeutics management to meet with Lake Street »

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  • 24

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VNTR

Venator Materials

$6.83

-0.02 (-0.29%)

06:26
04/18/19
04/18
06:26
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06:26
Upgrade
Venator Materials rating change  »

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NSRGY

Nestle

$0.00

(0.00%)

06:26
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Hot Stocks
Nestle sees underlying FY19 EPS in constant currency up vs. last year »

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NSRGY

Nestle

$0.00

(0.00%)

06:25
04/18/19
04/18
06:25
04/18/19
06:25
Earnings
Nestle reports 3-month reported sales CHF22.18B vs. CHF21.264B last year »

Organic growth was 3.4%,…

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NINE

Nine Energy Services

$21.10

-0.34 (-1.59%)

06:24
04/18/19
04/18
06:24
04/18/19
06:24
Conference/Events
Nine Energy Services management to meet with JPMorgan »

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  • 23

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ACRGF

Acreage Holdings

$0.00

(0.00%)

06:24
04/18/19
04/18
06:24
04/18/19
06:24
Hot Stocks
Acreage Holdings to acquire Deep Roots Medical for $120M in common units, cash »

Acreage Holdings…

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  • 07

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MU

Micron

$43.16

0.34 (0.79%)

06:23
04/18/19
04/18
06:23
04/18/19
06:23
Conference/Events
Micron management to meet with JPMorgan »

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  • 23

    Apr

TSM

TSMC

$44.37

1.17 (2.71%)

06:22
04/18/19
04/18
06:22
04/18/19
06:22
Earnings
TSMC sees Q2 revenue $7.55B-$7.65B, consensus $7.83B »

Gross profit margin is…

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  • 18

    Apr

TSM

TSMC

$44.37

1.17 (2.71%)

06:22
04/18/19
04/18
06:22
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06:22
Earnings
TSMC reports Q1 EPS 38c, consensus 37c »

Reports Q1 revenue $7.1B,…

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  • 18

    Apr

ASOMY

Asos

$0.00

(0.00%)

06:21
04/18/19
04/18
06:21
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06:21
Conference/Events
Asos management to meet with JPMorgan »

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  • 18

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GOOG

Alphabet

$1,235.76

8.7 (0.71%)

, GOOGL

Alphabet Class A

$1,240.35

8.44 (0.69%)

06:20
04/18/19
04/18
06:20
04/18/19
06:20
Periodicals
Measles hits Google's Silicon Valley headquarters, BuzzFeed reports »

A Google employee who had…

GOOG

Alphabet

$1,235.76

8.7 (0.71%)

GOOGL

Alphabet Class A

$1,240.35

8.44 (0.69%)

03/08/13
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  • 29

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FMC

FMC Corporation

$80.75

0.01 (0.01%)

06:18
04/18/19
04/18
06:18
04/18/19
06:18
Downgrade
FMC Corporation rating change  »

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