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JPM

JPMorgan

$116.39

0.23 (0.20%)

06:52
10/15/19
10/15
06:52
10/15/19
06:52

JPMorgan CEO says Q3 results showed broad-based strength

Jamie Dimon, Chairman and CEO, commented on the financial results: "JPMorgan Chase delivered record revenue this quarter, demonstrating broad-based strength and the resilience of our business model despite a more challenging interest rate backdrop. In Consumer & Community Banking, we had strong deposit and client investment asset growth. Our consumer lending businesses benefited from our continued investments and a favorable environment for borrowers, which helped drive healthy volumes in Home Lending and Auto and strong loan growth in Card." Dimon added: "We had record third quarter IB fees with particularly strong performance in DCM and ECM, and year-to-date we maintained our #1 global ranking with share gains across products and regions. Markets performance was solid, reflecting improved client activity - particularly in Fixed Income. Commercial Banking turned in a solid performance with continued momentum in investment banking and treasury services. And in Asset & Wealth Management, both AUM and client assets were a record helped by strong net inflows into long-term and liquidity products." Dimon concluded: "In the U.S. economy, GDP growth has slowed slightly. The consumer remains healthy with growth in wages and spending, combined with strong balance sheets and low unemployment levels. This is being offset by weakening business sentiment and capital expenditures mostly driven by increasingly complex geopolitical risks, including tensions in global trade. Regardless of the operating environment, JPMorgan Chase will continue to serve our customers, clients and communities globally, while investing in innovation, talent, technology, security and controls."

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JPM JPMorgan
$116.39

0.23 (0.20%)

09/16/19
BUCK
09/16/19
DOWNGRADE
BUCK
Neutral
JPMorgan downgraded to Neutral from Buy at Buckingham
09/16/19
BUCK
09/16/19
DOWNGRADE
Target $122
BUCK
Neutral
Buckingham downgrades 'great company' JPMorgan to Neutral on valuation
As previously reported, Buckingham analyst James Mitchell downgraded JPMorgan to Neutral from Buy, calling it a "great company" whose shares have become fairly valued and now trade at nearly a 30% premium on a P/E basis to its peer group. He stills views JPMorgan as an attractive story for long-term holders and believes its "best-in-class" top line growth and returns can continue. Mitchell has a $122 price target on JPMorgan shares.
09/16/19
09/16/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Halliburton (HAL) downgraded to Equal Weight from Overweight at Barclays with analyst J. David Anderson saying he sees "only modest upside" to the shares after revising his estimates lower. 2. Aurora Cannabis (ACB) downgraded to Sell from Hold at Stifel with analyst W. Andrew Carter saying he sees "meaningful downside" from current share levels following the company's "disappointing" Q4 earnings release. 3. HP Inc. (HPQ) downgraded to Neutral from Buy at UBS with analyst John Roy saying he points to downside risk for the company's flat expectations in its printing supplies business amid low visibility and uncertain macro backdrop. Roy further believes that HP's PC margin would decline by more than consensus as the company passes through the component price declines and the sales mix shift away from commercial. 4. Dick's Sporting (DKS) downgraded to Market Perform from Outperform at Wells Fargo with analyst Tom Nikic saying now that Dick's has returned to positive comps and the stock has re-rated, the risk/reward is more evenly balanced. 5. JPMorgan (JPM) downgraded to Neutral from Buy at Buckingham with analyst James Mitchell citing valuation. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/24/19
MSCO
09/24/19
NO CHANGE
MSCO
Large-cap banks aren't gaining deposit market share, says Morgan Stanley
Morgan Stanley analyst Ken Zerbe said he continues to hear the "false narrative" that large-cap banks must be gaining market share due to their superior technology, but he insists they are not and that small and mid-cap banks have consistently gained deposit market share over the last five years. Individual large-cap banks that have had the biggest deposit share gains include Goldman Sachs (GS), Ally Financial (ALLY) and Synchrony Financial (SYF), while mid-cap banks that have delivered the biggest gains in share of total deposits include First Republic (FRC), KeyCorp (KEY) and Huntington (HBAN), Zerbe tells investors. Large-cap banks that have seen the largest declines in their respective individual shares of total deposits include JPMorgan (JPM), Wells Fargo (WFC) and Citigroup (C), while deposit share losers among mid-cap banks include Comerica (CMA), Prosperity Bancshares (PB) and Zions (ZION), said Zerbe.

TODAY'S FREE FLY STORIES

HIIQ

Health Insurance Innovations

$23.39

0.31 (1.34%)

08:38
11/18/19
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08:38
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Health Insurance Innovations rating change  »

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IMBI

iMedia Brands

$0.64

0.0001 (0.02%)

08:38
11/18/19
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08:38
Hot Stocks
iMedia Brands to launch Bulldog shopping network on November 22 »

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ESTC

Elastic

$74.06

1.94 (2.69%)

08:37
11/18/19
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08:37
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Elastic rating change  »

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  • 16

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AON

Aon plc

$198.67

0.01 (0.01%)

08:37
11/18/19
11/18
08:37
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08:37
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Aon plc rating change  »

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NOW

ServiceNow

$259.91

6.14 (2.42%)

08:37
11/18/19
11/18
08:37
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08:37
Hot Stocks
ServiceNow appoints Gina Mastantuono as CFO, says CEO has assumed role »

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  • 09

    Dec

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    Dec

  • 12

    Dec

CTL

CenturyLink

$14.98

0.09 (0.60%)

, INFN

Infinera

$6.70

0.34 (5.35%)

08:36
11/18/19
11/18
08:36
11/18/19
08:36
Hot Stocks
CenturyLink, Infinera bring terabit capacity to supercomputing network »

CenturyLink (CTL) and…

CTL

CenturyLink

$14.98

0.09 (0.60%)

INFN

Infinera

$6.70

0.34 (5.35%)

03/08/13
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  • 09

    Dec

  • 09

    Dec

CPA

Copa Holdings

$106.77

-1.94 (-1.78%)

08:36
11/18/19
11/18
08:36
11/18/19
08:36
Recommendations
Copa Holdings analyst commentary  »

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  • 03

    Dec

MMC

Marsh & McLennan

$105.50

0.16 (0.15%)

08:35
11/18/19
11/18
08:35
11/18/19
08:35
Upgrade
Marsh & McLennan rating change  »

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TMUS

T-Mobile

$78.05

1.18 (1.54%)

08:35
11/18/19
11/18
08:35
11/18/19
08:35
Hot Stocks
Breaking Hot Stocks news story on T-Mobile »

T-Mobile down 1.6% after…

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  • 18

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    Dec

TMUS

T-Mobile

$78.05

1.18 (1.54%)

08:35
11/18/19
11/18
08:35
11/18/19
08:35
Earnings
T-Mobile appoints Mike Sievert as CEO effective May 1 »

T-Mobile announced that…

03/08/13
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  • 18

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RCAR

RenovaCare

$0.00

(0.00%)

, EMIS

Emisphere Tech

$0.00

(0.00%)

08:35
11/18/19
11/18
08:35
11/18/19
08:35
Hot Stocks
RenovaCare appoints Alan Rubino as president, CEO »

RenovaCare (RCAR)…

RCAR

RenovaCare

$0.00

(0.00%)

EMIS

Emisphere Tech

$0.00

(0.00%)

03/08/13
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FTFT

Future FinTech

$0.61

-0.067 (-9.97%)

08:34
11/18/19
11/18
08:34
11/18/19
08:34
Hot Stocks
Future FinTech announces agreement with Chifeng Supply and Marketing Company »

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JCP

J.C. Penney

$1.18

0.075 (6.82%)

08:34
11/18/19
11/18
08:34
11/18/19
08:34
Recommendations
J.C. Penney analyst commentary  »

Deutsche Bank stays on…

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CNP

CenterPoint Energy

$25.48

-1.2 (-4.50%)

08:33
11/18/19
11/18
08:33
11/18/19
08:33
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CenterPoint Energy rating change  »

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HRI

Herc Holdings

$50.03

0.2 (0.40%)

08:33
11/18/19
11/18
08:33
11/18/19
08:33
Hot Stocks
Herc Holdings appoints Wade Sheek as chief legal officer »

Herc Holdings announced…

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  • 09

    Dec

WY

Weyerhaeuser

$29.35

0.03 (0.10%)

08:32
11/18/19
11/18
08:32
11/18/19
08:32
Recommendations
Weyerhaeuser analyst commentary  »

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ENLV

Enlivex Therapeutics

$8.45

0.15 (1.81%)

08:32
11/18/19
11/18
08:32
11/18/19
08:32
Hot Stocks
Enlivex Therapeutics completes recruitment in Phase Ib trial of Allocetra »

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TMUS

T-Mobile

$78.05

1.18 (1.54%)

08:32
11/18/19
11/18
08:32
11/18/19
08:32
Hot Stocks
Breaking Hot Stocks news story on T-Mobile »

T-Mobile appoints Mike…

03/08/13
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  • 18

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  • 09

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AMRS

Amyris

$3.85

-0.03 (-0.77%)

08:32
11/18/19
11/18
08:32
11/18/19
08:32
Hot Stocks
Amyris moves into regulatory stage with new health and nutrition molecule »

Amyris announced that it…

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  • 19

    Nov

TSLA

Tesla

$352.22

2.71 (0.78%)

08:31
11/18/19
11/18
08:31
11/18/19
08:31
Recommendations
Tesla analyst commentary  »

Tesla price target raised…

03/08/13
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CRBP

Corbus Pharmaceuticals

$4.45

0.15 (3.49%)

08:30
11/18/19
11/18
08:30
11/18/19
08:30
Hot Stocks
Corbus Pharmaceuticals completes enrollment of Phase 2b study of lenabasum »

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BPL

Buckeye Partners

$0.00

(0.00%)

, GSL

Global Ship Lease

$7.60

0.09 (1.20%)

08:30
11/18/19
11/18
08:30
11/18/19
08:30
Options
Twelve option delistings on November 18th »

Option delistings…

BPL

Buckeye Partners

$0.00

(0.00%)

GSL

Global Ship Lease

$7.60

0.09 (1.20%)

HOV

Hovnanian

$23.87

0.14 (0.59%)

HPJ

Highpower International

$0.00

(0.00%)

ONCT

Oncternal Therapeutics

$6.09

0.12 (2.01%)

SLRX

Salarius Pharmaceuticals

$3.65

-0.05 (-1.35%)

03/08/13
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03/06/13
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COO

Cooper Companies

$301.97

2.64 (0.88%)

08:29
11/18/19
11/18
08:29
11/18/19
08:29
Hot Stocks
Cooper Companies announces FDA approval of MiSight for treatment of myopia »

CooperCompanies announced…

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  • 05

    Dec

AMD

AMD

$38.55

0.19 (0.50%)

08:28
11/18/19
11/18
08:28
11/18/19
08:28
Recommendations
AMD analyst commentary  »

AMD price target raised…

03/08/13
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  • 20

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CLDX

Celldex

$2.27

-0.01 (-0.44%)

08:28
11/18/19
11/18
08:28
11/18/19
08:28
Hot Stocks
Celldex initiates Phase 1 study of KIT inhibitor CDX-0159 »

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