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MTB

M&T Bank

$158.78

0.66 (0.42%)

15:19
09/18/19
09/18
15:19
09/18/19
15:19

M&T Bank lowers prime lending rate to 5.0% from 5.25%

Effective Thursday, September 19, M&T Bank will decrease its prime lending rate from 5.25% to 5.00%.

  • 17

    Oct

MTB M&T Bank
$158.78

0.66 (0.42%)

07/12/19
SBSH
07/12/19
DOWNGRADE
SBSH
Sell
M&T Bank downgraded to Sell from Neutral at Citi
Citi analyst Keith Horowitz downgraded M&T Bank to Sell from Neutral.
07/12/19
SBSH
07/12/19
NO CHANGE
SBSH
Morgan Stanley upgrade, Wells downgrade among Citi's bank changes
Citi analyst Keith Horowitz made seven rating changes in the U.S. Banks space after updating his estimates and target prices for a new base case rate forecast that more closely reflects the forward curve. This includes two interest rate cuts in 2019 and 2020. The analyst's terminal yield curve assumptions to Fed Funds is 1.75%. The lower rate assumptions led him to lower his normal return on tangible equity estimates ~100 basis points on average. Following these changes, Horowitz upgraded Morgan Stanley (MS) to Buy from Neutral), downgraded Comerica (CMA), Northern Trust (NTRS), and M&T Bank (MTB) to Sell from Neutral, and downgraded Wells Fargo (WFC), Citizens Financial (CFG), and Fifth Third (FITB) to Neutral from Buy.
07/22/19
PIPR
07/22/19
DOWNGRADE
Target $168
PIPR
Neutral
M&T Bank downgraded to Neutral from Overweight at Piper Jaffray
Piper Jaffray analyst Kevin Barker downgraded M&T Bank to Neutral from Overweight and lowered his price target for the shares to $168 from $196. The analyst was concerned about the sustainability of the company's net interest margin if this rate environment were to persist through the next 6-12 months, but thought M&T could be a little more resilient in the near-term given its use of swaps. However, the rate decline was "more severe" and the swaps were less effective than originally expected, Barker tells investors in a research note. He believes the near-term rate outlook will likely make the company's earnings growth more difficult.
09/10/19
MSCO
09/10/19
NO CHANGE
Target $82
MSCO
Overweight
Comerica price target lowered to $82 from $90 at Morgan Stanley
Morgan Stanley analyst Ken Zerbe noted that Comerica (CMA) disclosed in conference presentation slides released Friday after the close that its Q3 interest-bearing deposit costs would increase 5-7 bps to roughly 100 bps, which was initially "highly disappointing" to him as he'd assumed deposit costs would start to decline in Q3. However, Zerbe also points out that more banks, including M&T Bank (MTB) and First Republic (FRC), have been talking about flat-to-higher Q3 deposit costs as well. Comerica also noted in its slides that it expects a $30M decline in net interest income in Q3 due to interest rate moves, noted Zerbe, who added that Q4 might be another difficult quarter for net interest income. Due to lower NII, Zerbe lowered his EPS estimates and cut his price target on Comerica shares to $82 from $90, though he keeps an Overweight rating on the stock.

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W

Wayfair

$112.81

3.42 (3.13%)

09:24
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    Oct

PGNX

Progenics

$5.05

0.205 (4.23%)

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FTNT

Fortinet

$76.23

-0.36 (-0.47%)

, MRVL

Marvell

$24.03

0.345 (1.46%)

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Fortinet

$76.23

-0.36 (-0.47%)

MRVL

Marvell

$24.03

0.345 (1.46%)

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BA

Boeing

$331.12

-12.97 (-3.77%)

09:23
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  • 23

    Oct

TXRH

Texas Roadhouse

$49.03

0.385 (0.79%)

09:22
10/22/19
10/22
09:22
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09:22
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IMAX

Imax

$20.85

-0.3 (-1.42%)

, AMC

AMC Entertainment

$9.21

-0.155 (-1.66%)

09:22
10/22/19
10/22
09:22
10/22/19
09:22
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Imax, AMC Entertainment, Cinemark analyst commentary  »

Imax a…

IMAX

Imax

$20.85

-0.3 (-1.42%)

AMC

AMC Entertainment

$9.21

-0.155 (-1.66%)

CNK

Cinemark

$36.22

-0.33 (-0.90%)

03/08/13
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    Nov

09:22
10/22/19
10/22
09:22
10/22/19
09:22
Conference/Events
House Financial Services Committee to hold a hearing »

The Committee holds a…

FCBP

First Choice Bank

$21.23

0.11 (0.52%)

09:22
10/22/19
10/22
09:22
10/22/19
09:22
Earnings
First Choice Bank reports Q3 EPS 68c, one est. 56c »

"Our third quarter…

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  • 06

    Nov

JD

JD.com

$31.03

1.08 (3.61%)

09:21
10/22/19
10/22
09:21
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09:21
Initiation
JD.com initiated  »

JD.com initiated with a…

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HUSA

Houston American Energy

$0.17

-0.0009 (-0.52%)

09:21
10/22/19
10/22
09:21
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09:21
Hot Stocks
Houston American Energy acquires membership interest in Hupecol Meta »

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QSR

Restaurant Brands

$69.30

0.17 (0.25%)

09:20
10/22/19
10/22
09:20
10/22/19
09:20
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Restaurant Brands analyst commentary  »

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  • 28

    Oct

IBKC

Iberiabank

$74.64

1.97 (2.71%)

09:19
10/22/19
10/22
09:19
10/22/19
09:19
Downgrade
Iberiabank rating change  »

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  • 13

    Nov

DOMO

Domo

$16.18

0.56 (3.59%)

09:19
10/22/19
10/22
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09:19
Hot Stocks
Domo announces partnership with Snowflake »

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NVDA

Nvidia

$196.16

5.69 (2.99%)

09:18
10/22/19
10/22
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09:18
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Nvidia analyst commentary  »

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  • 22

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TNP

TEN, Ltd.

$3.82

-0.02 (-0.52%)

09:18
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10/22
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09:18
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TEN, Ltd. announces delivery, long-term charter of aframax crude tanker »

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SPX

S&P 500

$0.00

(0.00%)

, VIX

Volatility Index S&P 500 Options

$0.00

(0.00%)

09:18
10/22/19
10/22
09:18
10/22/19
09:18
Options
Overnight activity included 153 trades in SPX and 15 trades in VIX »

153 trades were executed…

SPX

S&P 500

$0.00

(0.00%)

VIX

Volatility Index S&P 500 Options

$0.00

(0.00%)

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UTX

United Technologies

$138.24

1.39 (1.02%)

09:17
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09:17
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United Technologies says CFO Akhil Johri is retiring »

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  • 22

    Oct

VGZ

Vista Gold

$0.78

-0.027 (-3.34%)

09:16
10/22/19
10/22
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09:16
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Vista Gold receives third $1.5M option payment from Prime Mining »

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VZ

Verizon

$60.74

-0.31 (-0.51%)

, DIS

Disney

$130.28

-0.63 (-0.48%)

09:16
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Verizon offers customers 12 months of Disney+ »

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VZ

Verizon

$60.74

-0.31 (-0.51%)

DIS

Disney

$130.28

-0.63 (-0.48%)

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    Dec

VVPR

VivoPower

$1.43

0.03 (2.14%)

09:14
10/22/19
10/22
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09:14
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VivoPower announces sale of Australian solar portfolio for $1.1M »

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ZM

Zoom Video

$65.74

-0.37 (-0.56%)

, RNG

RingCentral

$160.48

-1.3 (-0.80%)

09:14
10/22/19
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09:14
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09:14
Recommendations
Zoom Video, RingCentral, Avaya analyst commentary  »

Zoom Video relationship…

ZM

Zoom Video

$65.74

-0.37 (-0.56%)

RNG

RingCentral

$160.48

-1.3 (-0.80%)

AVYA

Avaya

$12.43

0.35 (2.90%)

03/08/13
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  • 04

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    Dec

MA

MasterCard

$274.28

3.38 (1.25%)

09:14
10/22/19
10/22
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09:14
Hot Stocks
MasterCard acquires SessionM, terms not disclosed »

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  • 22

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DFIN

Donnelley Financial Solutions

$11.36

0.38 (3.46%)

09:13
10/22/19
10/22
09:13
10/22/19
09:13
Recommendations
Donnelley Financial Solutions analyst commentary  »

Donnelley Financial price…

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  • 05

    Nov

ACB

Aurora Cannabis

$3.69

0.015 (0.41%)

09:12
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10/22
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09:12
Hot Stocks
Aurora Cannabis, EnWave sign commercial royalty-bearing license »

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  • 12

    Nov

TEUM

Pareteum

$0.74

-0.0948 (-11.42%)

09:12
10/22/19
10/22
09:12
10/22/19
09:12
Downgrade
Pareteum rating change  »

Pareteum downgraded to…

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  • 12

    Nov

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