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USB

U.S. Bancorp

$54.98

-0.2 (-0.36%)

, SBNY

Signature Bank

$123.87

1.07 (0.87%)

08:28
07/20/19
07/20
08:28
07/20/19
08:28

KeyCorp, U.S. Bancorp better positioned for Fed rate cut, Barron's says

KeyCorp (KEY), Signature Bank (SBNY) and U.S. Bancorp (USB) among the banks expected to be better positioned for a Federal Reserve rate cut, thanks in part to a lower percentage of variable-rate loans versus some peers, Lawrence Strauss writes in this week's edition of Barron's. Reference Link

USB

U.S. Bancorp

$54.98

-0.2 (-0.36%)

SBNY

Signature Bank

$123.87

1.07 (0.87%)

KEY

KeyCorp

$17.45

0.15 (0.87%)

  • 23

    Jul

  • 29

    Aug

  • 16

    Oct

USB U.S. Bancorp
$54.98

-0.2 (-0.36%)

07/18/19
07/18/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Apple (AAPL) and Skyworks (SWKS) upgraded to Outperform from Market Perform at Raymond James with analyst Christopher Caso citing greater confidence in next year's 5G iPhone cycle. 2. PriceSmart (PSMT) upgraded to Outperform from Sector Perform at Scotiabank. 3. BNY Mellon (BK) upgraded to Market Perform from Underperform at Keefe Bruyette with analyst Brian Kleinhanzl saying after the company's Q2 results, he feels its negative catalysts are slowly reversing. 4. U.S. Bancorp (USB) upgraded to Neutral from Underperform at BofA/Merrill with analyst Erika Najarian saying she believes earnings headwinds have reached an inflection point and net interest margin is more defensible versus peers. 5. Power Integrations (POWI) upgraded to Buy from Hold at Stifel with analyst Tore Svanberg citing the company's near-term momentum from the USB-PD adoption cycle as well as its longer-term opportunity in the high-power industry and auto. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/18/19
BOFA
07/18/19
UPGRADE
Target $55
BOFA
Neutral
U.S. Bancorp upgraded to Neutral on earnings inflection at BofA/Merrill
As previously reported, BofA/Merrill upgraded U.S. Bancorp to Neutral from Underperform and raised its price target to $55 from $49. Analyst Erika Najarian believes earnings headwinds have reached an inflection point and net interest margin is more defensible versus peers. The analyst notes the U.S. Bancorp's earnings profile relative to peers and revenue diversification is favored by investors.
07/18/19
BOFA
07/18/19
UPGRADE
BOFA
Neutral
U.S. Bancorp upgraded to Neutral from Underperform at BofA/Merrill
06/28/19
WEDB
06/28/19
NO CHANGE
WEDB
M&T Bank total capital return plan below forecast, says Wedbush
Even though banks between $100B-$250B in assets are not subject to the Fed's formal stress test again until 2020, all of the banks in that asset range that Wedbush analyst David Chiaverini covers released capital plans for the next four quarters, he noted. All of the regional banks he covers plans for less in total capital returns via share buyback and dividends under their new capital plans than in their 2018 capital plans, except for an increase at Citizens Financial (CFG) and and no change at U.S. Bancorp (USB), the analyst pointed out. M&T Bank's (MTB) total capital plan of $1.9B was below last cycle and "well below" his forecast of $2.62B, Chiaverini added.
SBNY Signature Bank
$123.87

1.07 (0.87%)

07/08/19
RAJA
07/08/19
UPGRADE
RAJA
Strong Buy
Signature Bank upgraded to Strong Buy at Raymond James
As previously reported, Raymond James analyst William Wallace upgraded Signature Bank to Strong Buy from Outperform and maintained a $285 price target. Wallace expects the Fed to cut interest rates twice in 2019 and believes Signature Bank is more "shielded" than most banks from a declining interest rate environment. In addition, Signatures recent investments in its Fund Banking segment and Venture Capital Group will produce attractive balance sheet growth, the analyst wrote in a note to investors.
07/08/19
RAJA
07/08/19
UPGRADE
RAJA
Strong Buy
Signature Bank upgraded to Strong Buy from Outperform at Raymond James
07/01/19
MSCO
07/01/19
UPGRADE
Target $146
MSCO
Overweight
Signature Bank upgraded to Overweight from Equal Weight at Morgan Stanley
Morgan Stanley analyst Ken Zerbe upgraded Signature Bank to Overweight from Equal Weight, citing his view that the bank is well positioned to benefit from falling rates. He also sees above-peer loan growth for Signature as the company intentionally deemphasizes New York City CRE and believes concerns about Signature's exposure to the new NYC rent regulations have been overblown. Zerbe, who also sees the possibility for upside from capital return, raised his price target on the stock to $146 from $142.
06/12/19
KBWI
06/12/19
NO CHANGE
KBWI
New York rent reforms avoid 'worst case scenario,' says Keefe Bruyette
New York Assembly Speaker Carl Heastie and State Senate Majority Leader Andrea Stewart Cousins announced last Tuesday an agreement on New York rent reforms, Keefe Bruyette analyst Collyn Gilbert wrote earlier in a research note to investors. The reforms agreed upon have no expiration date unlike prior rent laws and did not end up in the "worst case scenario" for New York multifamily lenders, says the analyst. She believes the new laws resulted in more of a compromise between tenant and building owners' rights. While the new rent rules bring a "very sharp and disappointing difference" to the operating environment from the past 15 years, the overhaul avoided the "worst case scenario" of abolishing major capital improvement rent increases, contends Gilbert. Further, the "risk of credit loss should be fairly contained for the long-tenured disciplined multi-family lenders," she added. Following the news, shares of Signature Bank (SBNY) are down 3% to $117.18, Dime Community (DCOM) shares are down 12c to $18.66 and New York Community Bancorp (NYCB) is down 3% to $10.06.
KEY KeyCorp
$17.45

0.15 (0.87%)

06/21/19
BARD
06/21/19
UPGRADE
Target $19
BARD
Outperform
KeyCorp upgraded to Outperform from Neutral at Baird
Baird analyst David George upgraded KeyCorp to Outperform from Neutral and raised his price target for the shares to $19 from $18.
05/06/19
JEFF
05/06/19
NO CHANGE
Target $20
JEFF
Buy
KeyCorp price target raised to $20 from $18.50 at Jefferies
Jefferies analyst Ken Usdin raised his price target for KeyCorp to $20 from $18.50 after traveling with CEO Beth Mooney and CFO Don Kimble. The analyst finds the stock's valuation attractive at nine times 2020 earnings estimates. He looks for a "stronger" Q2 and better estimate stability, especially given the company's $1B share buyback plan. Usdin keeps a Buy rating on KeyCorp.
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
JPMS
04/04/19
DOWNGRADE
Target $17
JPMS
Neutral
KeyCorp downgraded to Neutral from Overweight at JPMorgan
JPMorgan analyst Steven Alexopoulos downgraded KeyCorp to Neutral from Overweight and lowered his price target for the shares to $17 from $18.

TODAY'S FREE FLY STORIES

TELL

Tellurian

$9.04

0.75 (9.05%)

13:25
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13:25
Options
Tellurian call volume above normal and directionally bullish »

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NTRA

Natera

$30.66

0.25 (0.82%)

13:18
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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

13:17
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13:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

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$NYE

NYSE Market Internals

$0.00

(0.00%)

13:16
08/22/19
08/22
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13:16
Technical Analysis
NYSE market internals summary »

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13:15
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General news
FX Action: USD-JPY »

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NTRA

Natera

$30.53

0.12 (0.39%)

13:13
08/22/19
08/22
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13:13
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Natera analyst commentary  »

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  • 09

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13:10
08/22/19
08/22
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General news
FX Action: USD-CAD »

FX Action: USD-CAD peaked…

AMGN

Amgen

$204.16

0.32 (0.16%)

13:06
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08/22
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13:06
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Amgen granted orphan designation for multiple myeloma treatment »

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ZIOP

Ziopharm

$5.09

-0.06 (-1.17%)

13:05
08/22/19
08/22
13:05
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13:05
Options
Ziopharm call volume above normal and directionally bullish »

Bullish option flow…

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  • 09

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SNY

Sanofi

$42.69

-0.48 (-1.11%)

13:04
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08/22
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13:04
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  • 09

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WFC

Wells Fargo

$45.62

0.63 (1.40%)

13:03
08/22/19
08/22
13:03
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13:03
Periodicals
Wells Fargo to pay $6.5M to Navajo Nation to settle account suit, Reuters says »

Wells Fargo intends to…

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  • 04

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ILMN

Illumina

$288.00

-2.5 (-0.86%)

13:02
08/22/19
08/22
13:02
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13:02
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Illumina granted orphan designation neuroblastoma management diagnostic »

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  • 03

    Sep

OSTK

Overstock.com

$21.84

2.34 (12.00%)

12:49
08/22/19
08/22
12:49
08/22/19
12:49
Hot Stocks
Breaking Hot Stocks news story on Overstock.com »

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OSTK

Overstock.com

$21.40

1.9 (9.74%)

12:45
08/22/19
08/22
12:45
08/22/19
12:45
Options
Overstock com call volume above normal and directionally bullish »

Bullish option flow…

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AMGN

Amgen

$203.13

-0.71 (-0.35%)

, ALXN

Alexion

$118.04

3.17 (2.76%)

12:43
08/22/19
08/22
12:43
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12:43
Recommendations
Amgen, Alexion analyst commentary at Piper Jaffray »

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AMGN

Amgen

$203.13

-0.71 (-0.35%)

ALXN

Alexion

$118.04

3.17 (2.76%)

03/08/13
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  • 02

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12:40
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General news
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ADM

Archer Daniels

$37.93

0.23 (0.61%)

, REGI

Renewable Energy

$11.27

0.42 (3.87%)

12:38
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12:38
Periodicals
Trump to discuss biofuels with USDA, EPA officials, Reuters reports »

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ADM

Archer Daniels

$37.93

0.23 (0.61%)

REGI

Renewable Energy

$11.27

0.42 (3.87%)

GPRE

Green Plains

$8.03

0.15 (1.90%)

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  • 13

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OSTK

Overstock.com

$19.54

0.04 (0.21%)

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OSTK

Overstock.com

$19.54

0.04 (0.21%)

12:30
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SPY

SPDR S&P 500 ETF Trust

$292.12

-0.28 (-0.10%)

, SPX

S&P 500

$0.00

(0.00%)

12:29
08/22/19
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12:29
General News
Canada still against Russia's return to G8, Reuters says »

Canada's government…

SPY

SPDR S&P 500 ETF Trust

$292.12

-0.28 (-0.10%)

SPX

S&P 500

$0.00

(0.00%)

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SPY

SPDR S&P 500 ETF Trust

$292.07

-0.335 (-0.11%)

, SPX

S&P 500

$0.00

(0.00%)

12:28
08/22/19
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General News
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SPY

SPDR S&P 500 ETF Trust

$292.07

-0.335 (-0.11%)

SPX

S&P 500

$0.00

(0.00%)

03/08/13
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FB

Facebook

$181.29

-2.27 (-1.24%)

, SNAP

Snap

$16.24

0.1 (0.62%)

12:27
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12:27
Periodicals
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FB

Facebook

$181.29

-2.27 (-1.24%)

SNAP

Snap

$16.24

0.1 (0.62%)

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