Breaking News Instant updates and real-time market news.

CMA

Comerica

$65.50

-1.505 (-2.25%)

06:02
10/17/19
10/17
06:02
10/17/19
06:02

Comerica downgraded to Neutral from Overweight at Piper Jaffray

Piper Jaffray analyst Brett Rabatin downgraded Comerica to Neutral from Overweight with a price target of $72.50, down from $74.50. Following the company's Q3 earnings, it is more evident that valuation expansion for Comerica is not very likely given lower revenues and a lack of operating leverage, Rabatin tells investors in a research note. Positive estimate revisions seem unlikely, says the analyst, who still believes Comerica will remain more profitable than most peers.

CMA Comerica
$65.50

-1.505 (-2.25%)

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.
09/10/19
RHCO
09/10/19
NO CHANGE
Target $67
RHCO
Hold
Comerica price target lowered to $67 from $75 at SunTrust
SunTrust analyst Jennifer Demba lowered her price target on Comerica to $67 and kept her Hold rating, saying the new deposit cost guidance from its management disclosed on Friday lowers the company's net interest income and margin expectations. The analyst also lowers her FY19 and FY20 EPS views by 21c and 89c to $7.84 and $7.37 respectively, adding that she will provide another update after its conference commentary and her meeting with Comerica management this week.
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.
10/17/19
JPMS
10/17/19
DOWNGRADE
Target $65
JPMS
Underweight
Comerica downgraded to Underweight from Neutral at JPMorgan
JPMorgan analyst Steven Alexopoulos downgraded Comerica to Underweight from Neutral with a $65 price target.

TODAY'S FREE FLY STORIES

HIIQ

Health Insurance Innovations

$19.23

0.88 (4.80%)

13:17
12/12/19
12/12
13:17
12/12/19
13:17
Recommendations
Health Insurance Innovations analyst commentary  »

Health Insurance…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

13:17
12/12/19
12/12
13:17
12/12/19
13:17
Technical Analysis
NASDAQ market internals summary »

Volume is above average…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

$NYE

NYSE Market Internals

$0.00

(0.00%)

13:16
12/12/19
12/12
13:16
12/12/19
13:16
Technical Analysis
NYSE market internals summary »

Volume is average for…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

13:08
12/12/19
12/12
13:08
12/12/19
13:08
General news
30-Yr Bond Auction Coupon Rate data reported »

30-Yr Bond Auction Coupon…

13:08
12/12/19
12/12
13:08
12/12/19
13:08
General news
30-Yr Bond Auction Total Amount data reported »

30-Yr Bond Auction Total…

INSG

Inseego

$7.67

0.24 (3.23%)

13:05
12/12/19
12/12
13:05
12/12/19
13:05
Options
Inseego call volume above normal and directionally bullish »

Bullish option flow…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

AMRX

Amneal Pharmaceuticals

$5.16

1.675 (48.06%)

13:00
12/12/19
12/12
13:00
12/12/19
13:00
Recommendations
Amneal Pharmaceuticals analyst commentary  »

Amneal Pharmaceuticals…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

VRTX

Vertex

$219.47

-0.59 (-0.27%)

, PTI

Proteostasis

$4.01

-0.23 (-5.42%)

12:55
12/12/19
12/12
12:55
12/12/19
12:55
Conference/Events
Cantor Fitzgerald biotech analysts to hold an analyst/industry conference call »

Biotechnology Analysts…

VRTX

Vertex

$219.47

-0.59 (-0.27%)

PTI

Proteostasis

$4.01

-0.23 (-5.42%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 12

    Dec

  • 19

    Mar

ADBE

Adobe

$304.30

0.55 (0.18%)

, AVGO

Broadcom

$324.00

4.14 (1.29%)

12:53
12/12/19
12/12
12:53
12/12/19
12:53
Earnings
Notable companies reporting after market close »

Notable companies…

ADBE

Adobe

$304.30

0.55 (0.18%)

AVGO

Broadcom

$324.00

4.14 (1.29%)

COST

Costco

$295.82

0.6 (0.20%)

ORCL

Oracle

$56.16

-0.15 (-0.27%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 12

    Dec

  • 12

    Dec

  • 12

    Dec

  • 12

    Dec

  • 23

    Jan

12:50
12/12/19
12/12
12:50
12/12/19
12:50
General news
U.S. Household net worth rose »

U.S. Household net worth…

12:50
12/12/19
12/12
12:50
12/12/19
12:50
General news
Treasury Action: yields remain near their highs of the sessio »

Treasury Action: yields…

CC

Chemours

$17.55

0.955 (5.75%)

12:45
12/12/19
12/12
12:45
12/12/19
12:45
Options
Chemours call volume above normal and directionally bullish »

Bullish option flow…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

12:41
12/12/19
12/12
12:41
12/12/19
12:41
Hot Stocks
Breaking Hot Stocks news story  »

Liberty TripAdvisor…

12:36
12/12/19
12/12
12:36
12/12/19
12:36
Hot Stocks
Breaking Hot Stocks news story  »

Liberty TripAdvisor…

PBYI

Puma Biotechnology

$8.89

0.18 (2.07%)

12:32
12/12/19
12/12
12:32
12/12/19
12:32
Hot Stocks
Puma Biotechnology: plasmaMATCH trial shows neratinib activity in ERBB2 cancer »

Puma Biotechnology…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

GOOGL

Alphabet Class A

$1,344.42

-0.23 (-0.02%)

, GOOG

Alphabet

$1,346.41

1.27 (0.09%)

12:31
12/12/19
12/12
12:31
12/12/19
12:31
Hot Stocks
Google updates Messages with Verified SMS, spam protection »

Google announced in a…

GOOGL

Alphabet Class A

$1,344.42

-0.23 (-0.02%)

GOOG

Alphabet

$1,346.41

1.27 (0.09%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

GRUB

GrubHub

$41.93

1.7 (4.23%)

12:29
12/12/19
12/12
12:29
12/12/19
12:29
Conference/Events
GrubHub participates in a conference call with Benchmark »

Services/Media Analyst…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

TWTR

Twitter

$30.12

-0.44 (-1.44%)

12:28
12/12/19
12/12
12:28
12/12/19
12:28
Hot Stocks
Twitter to bring back Election Labels for upcoming U.S. election »

Twitter said in a blog…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 06

    Feb

GOOGL

Alphabet Class A

$1,344.61

-0.04 (-0.00%)

, GOOG

Alphabet

$1,347.00

1.86 (0.14%)

12:28
12/12/19
12/12
12:28
12/12/19
12:28
On The Fly
Fly Intel: What to watch in Oracle's earnings report »

Oracle (ORCL) is…

GOOGL

Alphabet Class A

$1,344.61

-0.04 (-0.00%)

GOOG

Alphabet

$1,347.00

1.86 (0.14%)

IBM

IBM

$134.98

1.17 (0.87%)

AMZN

Amazon.com

$1,749.62

0.51 (0.03%)

MSFT

Microsoft

$151.85

0.03 (0.02%)

ORCL

Oracle

$56.15

-0.16 (-0.28%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 12

    Dec

BA

Boeing

$346.49

-3.51 (-1.00%)

12:26
12/12/19
12/12
12:26
12/12/19
12:26
Periodicals
Boeing CEO to meet with FAA chief Steve Dickson on Thursday, Reuters reports »

Boeing CEO Dennis…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

FOSL

Fossil

$7.72

0.36 (4.89%)

12:25
12/12/19
12/12
12:25
12/12/19
12:25
Options
Fossil Group call volume above normal and directionally bullish »

Bullish option flow…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

XOM

Exxon Mobil

$69.87

0.92 (1.33%)

, INTC

Intel

$57.44

0.4 (0.70%)

12:25
12/12/19
12/12
12:25
12/12/19
12:25
Conference/Events
Intel to hold a webinar »

Intel Customer Spotlight…

XOM

Exxon Mobil

$69.87

0.92 (1.33%)

INTC

Intel

$57.44

0.4 (0.70%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 12

    Dec

  • 23

    Jan

NXGN

NextGen Healthcare

$18.17

0.06 (0.33%)

12:25
12/12/19
12/12
12:25
12/12/19
12:25
Conference/Events
NextGen Healthcare to host analyst day »

Analyst day to be held in…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 12

    Dec

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

12:17
12/12/19
12/12
12:17
12/12/19
12:17
Technical Analysis
NASDAQ market internals summary »

Volume is above average…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

$NYE

NYSE Market Internals

$0.00

(0.00%)

12:16
12/12/19
12/12
12:16
12/12/19
12:16
Technical Analysis
NYSE market internals summary »

Volume is average for…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.