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C

Citi

$70.28

0.18 (0.26%)

08:03
10/15/19
10/15
08:03
10/15/19
08:03

Citi CEO says delivering on strategy of improving shareholder returns

Citi CEO Michael Corbat said, "Despite an unpredictable environment throughout the quarter, we continue to deliver on our strategy of improving shareholder returns through consistent, client-led growth while also executing against our capital plan. Our Global Consumer Banking franchise performed well in the quarter, showing solid underlying revenue growth of 4% and an EBT increase of 17%. In the US, Branded Cards increased revenues by 11% and we saw continued deposit momentum through both digital and traditional channels. Our Institutional Clients Group also had balanced performance, with solid results in both the market-sensitive and accrual-type businesses. The backbone of our leading global network, Treasury and Trade Solutions, had strong revenue growth of 7% in constant dollars."

  • 15

    Oct

  • 12

    Nov

C Citi
$70.28

0.18 (0.26%)

07/26/19
07/26/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Goldman Sachs (GS) and Citi (C) upgraded to Outperform from Market Perform at Keefe Bruyette. 2. Ambev (ABEV) upgraded to Neutral from Underweight at JPMorgan with analyst Lucas Ferreira saying the post-earnings share rally shows that investors are chasing good growth stories to play Brazil's economic recovery. 3. West Pharmaceutical (WST) upgraded to Neutral from Underperform at BofA/Merrill with analyst Derik de Bruin saying that over the course of the first half, the company addressed his prior concerns around organic revenue growth and product mix trends while also boosting its operating margins and generating higher free cash flows. 4. Union Pacific (UNP) upgraded to Overweight from Neutral at Atlantic Equities, while CSX (CSX) was upgraded to Neutral from Underweight. 5. Hasbro (HAS) upgraded to Buy from Hold at Argus with analyst John Staszak citing the company's dominant position with a range of "strong" brands as well as in the big-screen business. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/06/19
BOFA
09/06/19
NO CHANGE
BOFA
BofA/Merrill sees Citi, Citizens BB&T risk/reward as 'compelling'
BofA Merrill Lynch analyst Erika Najarian said she does not believe bank stocks are pricing in a recession, though they are "bearing the brunt of cycle concerns." Bank stocks could be at a near-term bottom, said Najarian, who sees compelling risk/rewards for shares of Citi (C), Citizens Financial (CFG) and BB&T (BBT) even when taking into account theoretical fair value in a recession. Even in the case of a recession, banks have materially improved underwriting since the financial crisis and she estimates an average 46% EPS hit in a downturn but only a 5% hit in tangible book value versus consensus 2020 forecasts, Najarian tells investors.
09/10/19
UBSW
09/10/19
DOWNGRADE
Target $49
UBSW
Neutral
Wells Fargo downgraded to Neutral from Buy at UBS
UBS analyst Saul Martinez downgraded Wells Fargo (WFC) to Neutral and lowered his price target on the stock to $49 from $51. The analyst attributes the rating change to his reduced estimates for earnings and lower net interest income along with the continued uncertainty and low visibility around the progress in the management's efficiency improvements. Martinez also cites Wells Fargo's relative valuation, with shares trading at 11.3-times expected FY20 earnings - a premium to JP Morgan's (JPM) 10.8-times, Bank of America's (BAC) 9.2-times, and Citigroup's (C) 7.9-times.
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

PYPL

PayPal

$102.07

-0.61 (-0.59%)

, FB

Facebook

$194.47

4.9 (2.58%)

18:22
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11/12
18:22
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18:22
Hot Stocks
PayPal CFO: We are a better company, stronger workforce with veterans »

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PYPL

PayPal

$102.07

-0.61 (-0.59%)

FB

Facebook

$194.47

4.9 (2.58%)

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EADSY

Airbus

$0.00

(0.00%)

, AFLYY

Air France-KLM

$0.00

(0.00%)

18:22
11/12/19
11/12
18:22
11/12/19
18:22
Periodicals
Airbus says could stretch A220 jet to carry more passengers, Reuters says »

Philippe Balducchi, head…

EADSY

Airbus

$0.00

(0.00%)

AFLYY

Air France-KLM

$0.00

(0.00%)

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CCNE

CNB Financial

$33.10

-0.23 (-0.69%)

18:21
11/12/19
11/12
18:21
11/12/19
18:21
Syndicate
CNB Financial offering up to $40M in 'at-the-market' common stock »

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BA

Boeing

$362.89

-4.08 (-1.11%)

, ALK

Alaska Air

$70.87

-1.015 (-1.41%)

18:18
11/12/19
11/12
18:18
11/12/19
18:18
Periodicals
U.S. carriers willing to take 737 jets before training clearance, Reuters says »

Certain U.S. airline…

BA

Boeing

$362.89

-4.08 (-1.11%)

ALK

Alaska Air

$70.87

-1.015 (-1.41%)

LUV

Southwest

$57.87

-0.4 (-0.69%)

DAL

Delta Air Lines

$57.23

(0.00%)

JBLU

JetBlue

$19.31

-0.44 (-2.23%)

UAL

United Airlines

$92.73

-0.77 (-0.82%)

SAVE

Spirit Airlines

$37.86

-0.9 (-2.32%)

AAL

American Airlines

$29.51

-1.08 (-3.53%)

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    Jan

PBR

Petrobras

$15.65

-0.146 (-0.92%)

18:15
11/12/19
11/12
18:15
11/12/19
18:15
Hot Stocks
Petrobras discloses teaser for sale of assets in Uruguay »

Brazil's Petrobras…

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YY

YY

$65.12

-0.28 (-0.43%)

18:05
11/12/19
11/12
18:05
11/12/19
18:05
Hot Stocks
YY reports Q3 global average mobile MAUs 470.1M from 433.5M in Q2 »

Q3 Average mobile MAUs of…

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  • 12

    Nov

HUYA

Huya

$24.28

-1.05 (-4.15%)

18:04
11/12/19
11/12
18:04
11/12/19
18:04
Hot Stocks
Huya sees Q4 revenue up 55.5%-60.8% YoY »

Sees Q4 total net…

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  • 12

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YY

YY

$65.12

-0.28 (-0.43%)

18:03
11/12/19
11/12
18:03
11/12/19
18:03
Earnings
Breaking Earnings news story on YY »

YY sees Q4 revenue up…

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  • 12

    Nov

HUYA

Huya

$24.28

-1.05 (-4.15%)

18:03
11/12/19
11/12
18:03
11/12/19
18:03
Earnings
Huya reports Q3 EPS 7c, consensus 11c »

Reports Q3 revenue…

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  • 12

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  • 09

    Dec

YY

YY

$65.12

-0.28 (-0.43%)

18:01
11/12/19
11/12
18:01
11/12/19
18:01
Earnings
YY reports Q3 adjusted EPS 90c, consensus 80c »

Reports Q3 revenue…

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  • 12

    Nov

LAZ

Lazard

$38.51

-0.03 (-0.08%)

18:00
11/12/19
11/12
18:00
11/12/19
18:00
Hot Stocks
Lazard CAO sells 40,000 class A common shares »

In a regulatory filing,…

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BA

Boeing

$362.89

-4.08 (-1.11%)

17:53
11/12/19
11/12
17:53
11/12/19
17:53
Periodicals
Boeing moves pilot to new job following leaked messages, Reuters says »

One of two Boeing…

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  • 14

    Nov

AVYA

Avaya

$12.53

0.08 (0.64%)

, RNG

RingCentral

$172.89

2.57 (1.51%)

17:45
11/12/19
11/12
17:45
11/12/19
17:45
Syndicate
Avaya files to sell 1.75M shares of RingCentral Class A common stock »

Avaya Holdings (AVYA)…

AVYA

Avaya

$12.53

0.08 (0.64%)

RNG

RingCentral

$172.89

2.57 (1.51%)

03/08/13
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17:45
11/12/19
11/12
17:45
11/12/19
17:45
General news
Breaking General news story  »

Minneapolis Federal…

NVTR

Nuvectra

$1.41

0.085 (6.44%)

17:37
11/12/19
11/12
17:37
11/12/19
17:37
Hot Stocks
Nuvectra to file voluntary petition for reorganization under Chapter 11 »

Nuvectra announced that…

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XELB

Xcel Brands

$1.60

(0.00%)

17:34
11/12/19
11/12
17:34
11/12/19
17:34
Hot Stocks
Xcel Brands, Hilco Global acquire intellectual property of Longaberger »

Xcel Brands and Hilco…

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  • 13

    Nov

PSNL

Personalis

$10.17

-0.55 (-5.13%)

17:32
11/12/19
11/12
17:32
11/12/19
17:32
Hot Stocks
Personalis expands oncology portfolio, launching cancer genome sequence service »

Personalis announced the…

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  • 13

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KTB

Kontoor Brands

$36.07

0.06 (0.17%)

17:28
11/12/19
11/12
17:28
11/12/19
17:28
Initiation
Kontoor Brands initiated  »

Kontoor Brands initiated…

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HBI

Hanesbrands

$15.63

-0.355 (-2.22%)

17:25
11/12/19
11/12
17:25
11/12/19
17:25
Initiation
Hanesbrands initiated  »

Hanesbrands initiated…

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TRQ

Turquoise Hill

$0.47

0.0049 (1.06%)

17:24
11/12/19
11/12
17:24
11/12/19
17:24
Earnings
Turquoise Hill reports Q3 EPS 4c, consensus 0c »

Reports Q3 revenue…

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  • 13

    Nov

GPS

Gap

$17.16

0.06 (0.35%)

17:23
11/12/19
11/12
17:23
11/12/19
17:23
Initiation
Gap initiated  »

Gap initiated with an…

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  • 21

    Nov

ADP

ADP

$166.40

3.04 (1.86%)

17:22
11/12/19
11/12
17:22
11/12/19
17:22
Hot Stocks
ADP announces $5B share repurchase program »

The board of directors of…

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  • 12

    Nov

KNSL

Kinsale Capital Group

$88.98

1.78 (2.04%)

, DF

Dean Foods

$0.79

(0.00%)

17:18
11/12/19
11/12
17:18
11/12/19
17:18
Hot Stocks
Kinsale Capital Group to replace Dean Foods in S&P 600 at open on 11/18 »

Dean Foods announced that…

KNSL

Kinsale Capital Group

$88.98

1.78 (2.04%)

DF

Dean Foods

$0.79

(0.00%)

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  • 03

    Dec

  • 04

    Dec

GIII

G-III Apparel

$28.51

-0.35 (-1.21%)

17:17
11/12/19
11/12
17:17
11/12/19
17:17
Initiation
G-III Apparel initiated  »

G-III Apparel initiated…

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SGEN

Seattle Genetics

$110.62

2.44 (2.26%)

17:17
11/12/19
11/12
17:17
11/12/19
17:17
Hot Stocks
Seattle Genetics submits arbitration demand against Daiichi Sankyo »

Seattle Genetics, Inc.…

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  • 07

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