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C

Citi

$68.14

0.89 (1.32%)

16:43
06/27/19
06/27
16:43
06/27/19
16:43

Citi to raise quarterly dividend to 51c, announces $17.1B share repurchase plan

The Federal Reserve Board announced that it does not object to the planned capital actions requested by Citi as part of the 2019 Comprehensive Capital Analysis and Review. The planned capital actions include an increase of Citi's quarterly common stock dividend from 45c to 51c per share, subject to quarterly approval by Citi's Board of Directors, as well as a common stock repurchase program of up to $17.1B during the four quarters starting in the third quarter. These planned capital actions total $21.5B over the four quarters covered by the 2019 CCAR cycle.

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    Jul

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    Aug

C Citi
$68.14

0.89 (1.32%)

06/24/19
UBSW
06/24/19
NO CHANGE
UBSW
DFAST results encourgaing for Wells Fargo, says UBS
UBS analyst Saul Martinez said the DFAST results from the Federal Reserve, reported after the close on Friday, were most encouraging for "those who didn't fare as well last year," like Wells Fargo (WFC). He thinks Goldman Sachs (GS), Morgan Stanley (MS) and State Street (STT) look like they have room to reach his forecasted capital returns and also said lower stressed losses at Citi (C) and JPMorgan (JPM) could suggest that the current SCB proposal may not lead to materially higher minimum capital requirements, added Martinez. However, he thinks there could be some downside to his capital return estimates for Capital One (COF), which he notes have been above consensus.
05/30/19
05/30/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Citi (C) upgraded to Buy from Neutral at Goldman Sachs with analyst Richard Ramsden saying he sees a "realistic path" to a 13% return on tangible common equity in 2020 for Citi, or 100 basis points ahead of market expectations, which he notes is not contingent on either higher interest rates or strengthening global growth trends. 2. Comcast (CMCSA) upgraded to Buy from Neutral at Guggenheim with analyst Mike McCormack saying the company's successful pivot from primarily a video distributor to a connectivity company "has been fairly smooth." 3. Zynga (ZNGA) upgraded to Overweight from Equal Weight at Stephens with analyst Jeff Cohen saying the continued acceleration of recent acquisitions and the fact that Social Casino could be poised for a second half re-acceleration give him additional confidence in Zynga's live service portfolio. 4. Penumbra (PEN) upgraded to Overweight from Neutral at JPMorgan with analyst Robert Marcus saying the Street is overly focused on competitive entrants to the stroke aspiration market. 5. Cypress Semiconductor (CY) upgraded to Equal Weight from Underweight at Morgan Stanley with analyst Craig Hettenbach citing press reports indicating that the company is exploring strategic options. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/30/19
GSCO
05/30/19
UPGRADE
Target $77
GSCO
Buy
Citi upgraded to Buy from Neutral at Goldman Sachs
Goldman Sachs analyst Richard Ramsden upgraded Citi to Buy from Neutral and raised his price target for the shares to $77 from $71. The stock closed yesterday down 9c to $63.71. Ramsden sees a "realistic path" to a 13% return on tangible common equity in 2020 for Citi, or 100 basis points ahead of market expectations, which he notes is not contingent on either higher interest rates or strengthening global growth trends. While there is a risk that Citi may back away from its 13.5%-plus ROTCE target, neither consensus expectations for 2020 or the current valuation discount achieving the target, Ramsden tells investors in a research note. The analyst believes the market is "overly pessimistic" on Citi's revenue growth inflection, targeted expense savings, and outlook for credit costs. As a result, he sees 21% upside potential from current share levels.
05/03/19
WELS
05/03/19
NO CHANGE
Target $90
WELS
Outperform
Wells Fargo says consensus EPS forecasts for Citi too low
After meeting with the CEO and CFO of Citi, Wells Fargo analyst Mike Mayo noted that both executives repeated expectations that Citi should achieve its ROTCE targets. Those targets imply that 2020 consensus EPS is too low by about 15%, contends Mayo, who added that the executives also pointed to a turn in Asia, from which the bank stands to benefit. Mayo maintains an Outperform rating on Citi with a $90 price target.

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PPG

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ZBRA

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TELL

Tellurian

$6.98

0.31 (4.65%)

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JLL

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$140.05

0.585 (0.42%)

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GOSS

Gossamer Bio

$19.60

-0.48 (-2.39%)

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Gossamer Bio call volume spikes on November purchase wit shares at 52wk lows »

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Cowen healthcare/biotech analysts to hold an analyst/industry conference call »

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PEP

PepsiCo

$132.17

-0.6 (-0.45%)

13:24
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Breaking Periodicals news story on PepsiCo »

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13:20
07/18/19
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13:20
General news
Treasury's $14 B 10-year TIPS sale was on the soft side »

Treasury's $14 B…

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

13:17
07/18/19
07/18
13:17
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13:17
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$NYE

NYSE Market Internals

$0.00

(0.00%)

13:16
07/18/19
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Technical Analysis
NYSE market internals summary »

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UNIT

Uniti Group

$8.55

-0.03 (-0.35%)

13:15
07/18/19
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13:15
Options
Uniti Group put volume heavy and directionally bearish »

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  • 08

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13:09
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General news
10-Yr TIPS Auction Coupon Rate data reported »

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General news
10-Yr TIPS Auction Total Amount data reported »

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TELL

Tellurian

$6.99

0.32 (4.80%)

13:05
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Options
Tellurian call volume above normal and directionally bullish »

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12:57
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Conference/Events
Stephens architecture analysts to hold analyst/industry conference call nosymbol »

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EMR

Emerson

$64.26

-0.4 (-0.62%)

12:55
07/18/19
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Options
Emerson put volume heavy and directionally bearish »

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General news
Treasury $14 B 10-year TIPS preview: the auction outlook is mixed. »

Treasury $14 B 10-year…

FB

Facebook

$200.15

-1.82 (-0.90%)

12:43
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Instagram hiding 'likes' in more countries to ease pressure, Gadgets says »

Facebook's Instagram…

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  • 24

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DHR

Danaher

$141.79

2.19 (1.57%)

12:40
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Danaher analyst commentary at Piper Jaffray »

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AXP

American Express

$128.02

0.975 (0.77%)

, V

Visa

$179.16

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American Express

$128.02

0.975 (0.77%)

V

Visa

$179.16

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MA

MasterCard

$275.83

0.49 (0.18%)

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Uber

$43.74

0.12 (0.28%)

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Lyft

$65.51

0.35 (0.54%)

WU

Western Union

$20.42

0.02 (0.10%)

BBVA

Banco Bilbao

$5.42

-0.055 (-1.01%)

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BUD

AB InBev

$88.73

0.31 (0.35%)

, KKR

KKR

$25.38

-0.08 (-0.31%)

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Periodicals
AB InBev weighs asset sales after calling off Asian IPO, WSJ reports »

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BUD

AB InBev

$88.73

0.31 (0.35%)

KKR

KKR

$25.38

-0.08 (-0.31%)

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  • 25

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ESV

Ensco Rowan

$7.74

-0.16 (-2.03%)

12:35
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Options
Ensco put volume heavy and directionally bearish »

Bearish flow noted in…

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  • 01

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CHS

Chico's

$3.29

-0.13 (-3.80%)

12:34
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Chico's FAS initiates Fort Myers lockdown after call over active shooter threat »

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CPE

Callon Petroleum

$4.87

-0.35 (-6.71%)

12:33
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12:33
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Conference/Events
Callon Petroleum management to meet with JPMorgan »

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  • 18

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BUD

AB InBev

$88.64

0.22 (0.25%)

12:29
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Breaking Hot Stocks news story on AB InBev »

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