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BAC

Bank of America

$28.99

-0.23 (-0.79%)

08:53
07/17/19
07/17
08:53
07/17/19
08:53

Bank of America CFO says expects deposit rates to move lower in Q3

CFO Paul Donofrio says he expects NII to benefit from growth in loans and deposits in 2H. Says NII could grow 2% vs. FY18 with stable rates. Expects deposit rates to move lower in Q3.

  • 17

    Jul

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    Aug

  • 06

    Sep

BAC Bank of America
$28.99

-0.23 (-0.79%)

06/17/19
BMOC
06/17/19
UPGRADE
BMOC
Outperform
Bank of America upgraded to Outperform from Market Perform at BMO Capital
06/17/19
BMOC
06/17/19
UPGRADE
Target $37
BMOC
Outperform
BMO upgrades Bank of America to Outperform, sees 34% return potential
BMO Capital analyst James Fotheringham upgraded Bank of America to Outperform from Market Perform with an unchanged price target of $37. The stock closed Monday down 11c to $27.93. The analyst expects upward consensus estimates revisions and a "multiple re-rating" to drive 34% total return in the shares. Bank of America's current valuation multiple is 15% below its long-term average, Fotheringham tells investors in a research note. Further, even if the Federal Reserve cuts rates, positive earnings revisions from better fees, tax rates, provisions and buybacks should "more than offset" any related net interest margin dilution, contends the analyst.
06/18/19
06/18/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Bank of America (BAC) upgraded to Outperform from Market Perform at BMO Capital with analyst James Fotheringham expecting upward consensus estimates revisions and a "multiple re-rating" to drive 34% total return in the shares. 2. SunPower (SPWR), SunRun (RUN) upgraded to Buy from Neutral as SolarEdge (SEDG) upgraded to Neutral from Sell at Goldman Sachs with analyst Brian Lee anticipating "volume tailwinds" in the second half of 2019 given the recent signs of strength in the sector's financing environment. 3. CNH Industrial (CNHI) upgraded to Hold from Sell at Deutsche Bank with analyst Chad Dillard saying he's turning positive on North America large agriculture. 4. U.S. Cellular (USM), Telephone and Data (TDS) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst Simon Flannery stating that he sees both stocks as "very attractively valued" with each down over 20% from their recent peak levels. 5. Prosperity Bancshares (PB) upgraded to Market Perform from Underperform at Raymond James with analyst Michael Rose saying the LegacyTexas Financial (LTXB) transaction provides meaningful scale in some of the most attractive markets in the country. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
06/28/19
WELS
06/28/19
NO CHANGE
WELS
Market Perform
Impacts of Bank of America decision manageable for First Data, says Wells Fargo
Wells Fargo analyst Timothy Willi sees three potential outcomes as Bank of America (BAC) reportedly weighs the exit of its joint venture with First Data (FDC). The joint venture can be dissolved, the terms can be renegotiated more favorably for Bank of America, and/or Bank of America can acquire an increased ownership of the venture, Willi tells investors in a research note. The current agreement ends in June 2020 and any party wishing to terminate must give one year notice, the analyst adds. While he believes that each of these scenarios could be an incremental negative for First Data, the analyst thinks the impacts are either "manageable or immaterial" in the context of a combined Fiserv (FISV), First Data. Willi has a Market Perform rating on First Data.

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MLND

Millendo Therapeutics

$7.12

0.04 (0.56%)

05:55
10/16/19
10/16
05:55
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05:55
Conference/Events
Millendo Therapeutics management to meet with SVB Leerink »

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UCBJF

UCB

$0.00

(0.00%)

05:52
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IFNNY

Infineon

$0.00

(0.00%)

05:51
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Infineon rating change  »

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C

Citi

$71.25

0.97 (1.38%)

, TATYY

Tate & Lyle

$0.00

(0.00%)

05:49
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Hot Stocks
Citi appointed as successor depositary bank for Tate & Lyle ADR programme »

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$71.25

0.97 (1.38%)

TATYY

Tate & Lyle

$0.00

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CBT

Cabot

$43.89

0.17 (0.39%)

05:48
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05:48
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Cabot rating change  »

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  • 05

    Nov

AYI

Acuity Brands

$124.81

2.81 (2.30%)

05:47
10/16/19
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05:47
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Acuity Brands rating change  »

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NOW

ServiceNow

$274.60

5.45 (2.02%)

05:45
10/16/19
10/16
05:45
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05:45
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ServiceNow rating change  »

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  • 23

    Oct

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ADBE

Adobe

$279.40

1.61 (0.58%)

05:44
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05:44
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Adobe rating change  »

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  • 23

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FMC

FMC Corporation

$83.06

0.6 (0.73%)

05:32
10/16/19
10/16
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05:32
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FMC Corporation rating change  »

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  • 30

    Oct

SUBCY

Subsea 7

$0.00

(0.00%)

05:32
10/16/19
10/16
05:32
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05:32
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Subsea 7 rating change  »

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  • 07

    Nov

RBS

RBS

$5.82

0.38 (6.99%)

05:28
10/16/19
10/16
05:28
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05:28
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RBS rating change  »

RBS upgraded to Neutral…

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  • 16

    Oct

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INOV

Inovalon

$15.04

0.2 (1.35%)

05:27
10/16/19
10/16
05:27
10/16/19
05:27
Initiation
Inovalon initiated  »

Inovalon initiated with a…

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UTX

United Technologies

$136.17

0.26 (0.19%)

05:26
10/16/19
10/16
05:26
10/16/19
05:26
Hot Stocks
Collins Aerospace, Lufthansa sign A380 main landing gear MRO agreement »

Collins Aerospace…

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  • 22

    Oct

HOLX

Hologic

$49.44

0.94 (1.94%)

05:25
10/16/19
10/16
05:25
10/16/19
05:25
Recommendations
Hologic analyst commentary  »

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  • 06

    Nov

GLPG

Galapagos

$162.62

6.33 (4.05%)

05:24
10/16/19
10/16
05:24
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05:24
Hot Stocks
Galapagos enters drug discovery research collaboration with HitGen »

HitGen announced that it…

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  • 25

    Oct

EPAY

Bottomline Technologies

$40.79

0.34 (0.84%)

05:21
10/16/19
10/16
05:21
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05:21
Hot Stocks
Bottomline Technologies, Currencycloud partnership selected by Hargenant Group »

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  • 13

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CVLT

Commvault

$45.22

-0.24 (-0.53%)

05:20
10/16/19
10/16
05:20
10/16/19
05:20
Recommendations
Commvault analyst commentary  »

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  • 29

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  • 01

    Nov

AMZN

Amazon.com

$1,768.70

31.65 (1.82%)

05:19
10/16/19
10/16
05:19
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05:19
Hot Stocks
AWS selected as preferred cloud provider by Old Mutual Limited »

Amazon Web Services, or…

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  • 24

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WATT

Energous

$3.29

0.09 (2.81%)

05:16
10/16/19
10/16
05:16
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05:16
Hot Stocks
Energous enters partnership with ZPower »

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TECD

Tech Data

$111.41

1.86 (1.70%)

, APO

Apollo Global

$39.39

0.63 (1.63%)

05:15
10/16/19
10/16
05:15
10/16/19
05:15
Periodicals
Apollo offered to acquire Tech Data for $130 per share in cash, Reuters reports »

Apollo Global Management…

TECD

Tech Data

$111.41

1.86 (1.70%)

APO

Apollo Global

$39.39

0.63 (1.63%)

03/08/13
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  • 31

    Oct

  • 07

    Nov

MOSC

Mosaic Acquisition

$10.29

0.005 (0.05%)

05:09
10/16/19
10/16
05:09
10/16/19
05:09
Initiation
Mosaic Acquisition initiated  »

Mosaic Acquisition…

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ASMB

Assembly Biosciences

$9.30

0.3 (3.33%)

05:06
10/16/19
10/16
05:06
10/16/19
05:06
Initiation
Assembly Biosciences initiated  »

Mizuho starts Assembly…

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  • 29

    Oct

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AVAV

AeroVironment

$57.14

0.02 (0.04%)

05:00
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PSTG

Pure Storage

$17.65

0.2 (1.15%)

04:57
10/16/19
10/16
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04:57
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Pure Storage rating change  »

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  • 12

    Dec

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    Dec

BOALY

Boral

$0.00

(0.00%)

04:56
10/16/19
10/16
04:56
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04:56
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Boral rating change  »

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