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C

Citi

$69.90

-0.38 (-0.54%)

10:07
10/15/19
10/15
10:07
10/15/19
10:07

Citi says environment is 'highly unpredictable,' waters 'choppy'

CEO Mike Corbat says the current environment is "highly unpredictable given how much of it is at the mercy of political machinations," including trade negotiations or the resolution of Brexit. Says will help clients navigate "choppy waters." Comments taken from Q3 earnings conference call.

  • 15

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    Oct

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    Nov

C Citi
$69.90

-0.38 (-0.54%)

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

NFLX

Netflix

$310.48

-1.4 (-0.45%)

, DIS

Disney

$148.25

1.34 (0.91%)

18:09
11/22/19
11/22
18:09
11/22/19
18:09
Periodicals
Netflix internal data shows company not hurt by Disney+, Bloomberg says »

Netflix's (NFLX)…

NFLX

Netflix

$310.48

-1.4 (-0.45%)

DIS

Disney

$148.25

1.34 (0.91%)

AAPL

Apple

$261.81

-0.23 (-0.09%)

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TMUS

T-Mobile

$78.59

0.89 (1.15%)

18:08
11/22/19
11/22
18:08
11/22/19
18:08
Periodicals
T-Mobile says some customers affected by data breach, Bloomberg reports »

T-Mobile said that hacker…

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WVE

Wave Life Sciences

$30.43

0.2 (0.66%)

18:05
11/22/19
11/22
18:05
11/22/19
18:05
Hot Stocks
Wave Life Sciences director Verdine sells 30K shares of common stock »

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BA

Boeing

$371.18

4.71 (1.29%)

17:42
11/22/19
11/22
17:42
11/22/19
17:42
Periodicals
Canada agency: Official's email on 737 reflects working-level view, Reuters says »

Canadian regulator…

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CACI

CACI

$231.32

-4.2 (-1.78%)

17:36
11/22/19
11/22
17:36
11/22/19
17:36
Hot Stocks
CACI awarded $112.53M Army contract modification »

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  • 03

    Dec

AGO

Assured Guaranty

$48.65

-0.03 (-0.06%)

17:35
11/22/19
11/22
17:35
11/22/19
17:35
Hot Stocks
Assured Guaranty CIO buys 25.5K shares of common stock »

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NFLX

Netflix

$310.48

-1.4 (-0.45%)

, DIS

Disney

$148.25

1.34 (0.91%)

17:33
11/22/19
11/22
17:33
11/22/19
17:33
Periodicals
Netflix internal data shows company not hurt by Disney+, Bloomberg says »

Netflix's (NFLX)…

NFLX

Netflix

$310.48

-1.4 (-0.45%)

DIS

Disney

$148.25

1.34 (0.91%)

AAPL

Apple

$261.81

-0.23 (-0.09%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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  • 09

    Dec

  • 10

    Dec

OYST

Oyster Point Pharma

$14.84

0.64 (4.51%)

17:24
11/22/19
11/22
17:24
11/22/19
17:24
Hot Stocks
Oyster Point Pharma discloses 'positive' Phase 1 results for OC-01 nasal spray »

Oyster Point Pharma…

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03/06/13
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SACH

Sachem Capital

$4.21

(0.00%)

17:19
11/22/19
11/22
17:19
11/22/19
17:19
Hot Stocks
Sachem Capital co-CEO Villano steps down »

Sachem Capital announced…

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INTC

Intel

$57.63

-0.61 (-1.05%)

17:18
11/22/19
11/22
17:18
11/22/19
17:18
Hot Stocks
Intel board member Goetz buys $5.04M in stock »

Intel board member James…

03/08/13
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03/06/13
Citigroup
03/06/13
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  • 02

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  • 23

    Jan

SWAV

ShockWave Medical

$38.00

0.18 (0.48%)

17:12
11/22/19
11/22
17:12
11/22/19
17:12
Hot Stocks
ShockWave Medical CEO sells 30K shares of common stock »

In a regulatory filing,…

03/08/13
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SAEX

SAExploration

$2.61

0.16 (6.53%)

17:01
11/22/19
11/22
17:01
11/22/19
17:01
Hot Stocks
SAExploration receives Nasdaq non-compliance letter »

SAExploration Holdings…

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OFG

OFG Bancorp

$20.48

0.17 (0.84%)

17:00
11/22/19
11/22
17:00
11/22/19
17:00
Hot Stocks
OFG Bancorp buys 40K shares of common stock »

In a regulatory filing,…

03/08/13
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MO

Altria Group

$49.00

0.17 (0.35%)

, BTI

British American Tobacco

$38.15

-0.21 (-0.55%)

16:47
11/22/19
11/22
16:47
11/22/19
16:47
Periodicals
POTUS in favor of raising minimum vaping age to 21, MarketWatch says »

U.S. President Donald…

MO

Altria Group

$49.00

0.17 (0.35%)

BTI

British American Tobacco

$38.15

-0.21 (-0.55%)

IMBBY

Imperial Brands

$0.00

(0.00%)

PM

Philip Morris

$82.39

-1.08 (-1.29%)

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 30

    Jan

HIBB

Hibbett Sports

$28.64

3.57 (14.24%)

16:45
11/22/19
11/22
16:45
11/22/19
16:45
Recommendations
Hibbett Sports analyst commentary at Baird »

Hibbett Sports price…

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  • 22

    Nov

MSCI

MSCI

$257.97

2.295 (0.90%)

16:43
11/22/19
11/22
16:43
11/22/19
16:43
Hot Stocks
MSCI COO sells 6,000 common shares »

In a regulatory filing,…

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CBS

CBS

$39.53

0.54 (1.39%)

, VIA

Viacom

$26.06

-0.03 (-0.11%)

16:35
11/22/19
11/22
16:35
11/22/19
16:35
Hot Stocks
CBS to list ViacomCBS shares on Nasdaq following merger »

CBS Corporation (CBS)…

CBS

CBS

$39.53

0.54 (1.39%)

VIA

Viacom

$26.06

-0.03 (-0.11%)

VIAB

Viacom

$23.64

0.38 (1.63%)

ICE

IntercontinentalExchange

$93.70

-0.19 (-0.20%)

NDAQ

Nasdaq

$104.36

-0.31 (-0.30%)

03/08/13
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  • 09

    Dec

DIS

Disney

$148.25

1.34 (0.91%)

16:32
11/22/19
11/22
16:32
11/22/19
16:32
Periodicals
Disney sees 'Frozen 2' having possible $40M opening day, Bloomberg says »

Disney told Bloomberg it…

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BCRH

Blue Capital

$7.00

(0.00%)

16:31
11/22/19
11/22
16:31
11/22/19
16:31
Hot Stocks
Blue Capital declares special distribution of 57c per common share »

Blue Capital Reinsurance…

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16:30
11/22/19
11/22
16:30
11/22/19
16:30
Options
Preliminary option volume of 18.4M today »

Preliminary option volume…

STX

Seagate

$59.27

-0.21 (-0.35%)

16:24
11/22/19
11/22
16:24
11/22/19
16:24
Hot Stocks
Seagate chairman sells 90K shares of common stock »

In a regulatory filing,…

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AEL

American Equity

$29.12

0.155 (0.54%)

16:21
11/22/19
11/22
16:21
11/22/19
16:21
Hot Stocks
American Equity raises annual dividend 7% to 30c per share »

American Equity…

03/08/13
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VIX

Volatility Index S&P 500 Options

$0.00

(0.00%)

16:20
11/22/19
11/22
16:20
11/22/19
16:20
Options
Closing CBOE SPX and VIX Index summary for November 22nd »

The CBOE Volatility Index…

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MS

Morgan Stanley

$49.25

0.4 (0.82%)

16:18
11/22/19
11/22
16:18
11/22/19
16:18
Hot Stocks
Morgan Stanley's Rooney sells over 50,000 common shares »

In a regulatory filing,…

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  • 03

    Dec

  • 06

    Dec

TSLA

Tesla

$332.91

-21.91 (-6.18%)

, GPS

Gap

$16.92

0.7 (4.32%)

16:17
11/22/19
11/22
16:17
11/22/19
16:17
On The Fly
Fly Intel: Wall Street's top stories for Friday »

Stocks ended the session…

TSLA

Tesla

$332.91

-21.91 (-6.18%)

GPS

Gap

$16.92

0.7 (4.32%)

UBER

Uber

$29.57

0.11 (0.37%)

CVX

Chevron

$118.62

-0.18 (-0.15%)

LB

L Brands

$18.01

0.83 (4.83%)

JWN

Nordstrom

$37.96

3.67 (10.70%)

SPLK

Splunk

$140.52

13.72 (10.82%)

PSTG

Pure Storage

$16.85

-2.99 (-15.07%)

FL

Foot Locker

$40.24

-1.22 (-2.94%)

WSM

Williams-Sonoma

$67.44

-1.325 (-1.93%)

03/08/13
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03/06/13
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