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USB

U.S. Bancorp

$56.19

1.125 (2.04%)

19:17
10/21/19
10/21
19:17
10/21/19
19:17

U.S. Bancorp to cut thousands of jobs from its branches, Bloomberg says

U.S. Bancorp will terminate thousands of branch workers as it seeks to adjust to changing customer preferences, Bloomberg's Hannah Levitt reports, citing a person briefed on the decision. The job cuts will be in the low thousands, Levitt says. In a memo, U.S. Bancorp CEO Andy Cecere said the company "made the difficult decision to eliminate their jobs because customer behaviors have changed," the author notes. Reference Link

  • 12

    Nov

  • 15

    Jan

USB U.S. Bancorp
$56.19

1.125 (2.04%)

09/30/19
BOFA
09/30/19
DOWNGRADE
BOFA
Underperform
U.S. Bancorp downgraded to Underperform from Neutral at BofA/Merrill
09/30/19
BOFA
09/30/19
DOWNGRADE
Target $53
BOFA
Underperform
U.S. Bancorp downgraded to Underperform from Neutral at BofA/Merrill
BofA/Merrill analyst Erika Najarian downgraded U.S. Bancorp to Underperform and lowered her price target to $53 from $55 after its 2019 Investor Day presentation maintained its long-term efficiency and ROTCE expectations while lowering its revenue and earnings forecasts "only modestly". The analyst contends that the bank is facing "execution risk" against its premium valuation and believes that the 5%-7% revenue and 7%-10% earnings growth will be difficult to achieve, even though the management is making a case for "doing more" with the company's current client base.
09/30/19
09/30/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. UnitedHealth (UNH) and Humana (HUM) downgraded to Market Perform from Outperform at BMO Capital. 2. U.S. Bancorp (USB) downgraded to Underperform from Neutral at BofA/Merrill with analyst Erika Najarian citing its 2019 Investor Day presentation maintained its long-term efficiency and ROTCE expectations while lowering its revenue and earnings forecasts "only modestly." 3. SunCoke Energy (SXC) downgraded to Neutral from Buy at B. Riley FBR with analyst Lucas Pipes saying he sees a number of events that present "significant headline risk" for the stock as well as a lack of near-term positive catalysts. 4. Rockwell Automation (ROK) downgraded to Market Perform from Outperform at Wells Fargo with analyst Deepa Raghavan saying her U.S. distributor and industry channel checks indicated "rapidly deteriorating" demand conditions in the quarter. 5. Mammoth Energy (TUSK) downgraded to Equal Weight from Overweight at Barclays with analyst J. David Anderson saying he made the mistake of viewing Mammoth 's Puerto Rico operations as a business, when it ended up being just a contract. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/08/19
SBSH
10/08/19
DOWNGRADE
SBSH
Sell
U.S. Bancorp downgraded to Sell from Neutral at Citi
Citi analyst Keith Horowitz downgraded U.S. Bancorp to Sell from Neutral.

TODAY'S FREE FLY STORIES

KRNT

Kornit Digital

$33.07

-1.13 (-3.30%)

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  • 18

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CRMT

America's Car-Mart

$90.88

3.22 (3.67%)

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America's Car-Mart reports Q2 EPS $2.00, consensus $1.81 »

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  • 19

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ASH

Ashland

$78.65

0.03 (0.04%)

17:05
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Breaking Hot Stocks news story on Ashland »

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  • 19

    Nov

ZTO

ZTO Express

$22.45

0.1 (0.45%)

17:03
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ZTO Express backs FY19 parcel volume growth view of 35%-40% »

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  • 18

    Nov

CNOB

ConnectOne Bancorp

$25.02

-0.2 (-0.79%)

17:03
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ConnectOne Bancorp receives regulatory approvals for Bancorp of NJ deal »

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DUK

Duke Energy

$88.63

0.05 (0.06%)

17:03
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Syndicate
Duke Energy 25M share Spot Secondary; price range $86.45-$87.30 »

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  • 18

    Nov

ZTO

ZTO Express

$22.45

0.1 (0.45%)

17:02
11/18/19
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17:02
Hot Stocks
ZTO Express reports parcel volume growth of 45.9% »

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  • 18

    Nov

KRNT

Kornit Digital

$33.07

-1.13 (-3.30%)

17:02
11/18/19
11/18
17:02
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17:02
Earnings
Kornit Digital sees Q4 revenue $46.5M-$50.5M, consensus $49.35M »

Sees Q4 non-GAAP…

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  • 18

    Nov

ZTO

ZTO Express

$22.45

0.1 (0.45%)

17:01
11/18/19
11/18
17:01
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17:01
Earnings
ZTO Express reports Q3 adjusted EPS 24c, consensus 22c »

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  • 18

    Nov

CVEO

Civeo

$0.82

-0.0735 (-8.26%)

17:01
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Hot Stocks
Civeo names Carolyn Stone as new CFO »

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UBER

Uber

$26.76

-0.04 (-0.15%)

, GOOG

Alphabet

$1,318.45

-15.56 (-1.17%)

17:00
11/18/19
11/18
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Periodicals
Uber's chief product officer Manik Gupta is leaving the company, TechCrunch says »

According to a story from…

UBER

Uber

$26.76

-0.04 (-0.15%)

GOOG

Alphabet

$1,318.45

-15.56 (-1.17%)

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FFG

FBL Financial

$57.73

-0.27 (-0.47%)

16:59
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FBL Financial names Daniel Pitcher as CEO, succeeding Jim Brannen »

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CHEF

Chefs' Warehouse

$35.57

0.52 (1.48%)

16:55
11/18/19
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16:55
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Syndicate
Breaking Syndicate news story on Chefs' Warehouse »

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  • 12

    Dec

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    Dec

PCG

PG&E

$7.09

-0.32 (-4.32%)

16:50
11/18/19
11/18
16:50
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Periodicals
PG&E wants federal judge to estimate wildfire claims, WSJ says »

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  • 07

    Jan

GCP

GCP Applied Technologies

$22.04

-0.37 (-1.65%)

16:48
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GCP Applied Technologies files patent infringement suit against AVM Industries »

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DUK

Duke Energy

$88.63

0.05 (0.06%)

16:45
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Syndicate
Duke Energy files to sell 25M shares of common stock »

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PANW

Palo Alto Networks

$248.50

1.465 (0.59%)

16:45
11/18/19
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Initiation
Palo Alto Networks initiated  »

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  • 25

    Nov

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TUFN

Tufin

$17.32

-0.22 (-1.25%)

16:44
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Initiation
Tufin initiated  »

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I

Intelsat

16:43
11/18/19
11/18
16:43
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16:43
Downgrade
Intelsat rating change  »

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  • 10

    Dec

CRWD

Crowdstrike

$57.06

-2.73 (-4.57%)

16:43
11/18/19
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Initiation
Crowdstrike initiated  »

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  • 05

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FBHS

Fortune Brands

$63.57

0.53 (0.84%)

16:43
11/18/19
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16:43
Hot Stocks
Fortune Brands CEO sells 97.4K shares of common stock »

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SPLK

Splunk

$122.75

3.6 (3.02%)

16:42
11/18/19
11/18
16:42
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16:42
Initiation
Splunk initiated  »

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  • 21

    Nov

ZS

Zscaler

$44.46

-1.37 (-2.99%)

16:41
11/18/19
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Initiation
Zscaler initiated  »

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  • 03

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  • 16

    Dec

CAAP

Corporacion America Airport

$3.78

0.02 (0.53%)

16:41
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Hot Stocks
Corporacion America Airport reports October passenger traffic flat y/y »

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  • 22

    Nov

OKTA

Okta

$121.19

3.74 (3.18%)

16:41
11/18/19
11/18
16:41
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16:41
Upgrade
Okta rating change  »

Okta upgraded to Buy from…

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  • 05

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