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C

Citi

$73.85

3 (4.23%)

, AAL

American Airlines

$30.55

0.49 (1.63%)

09:00
11/04/19
11/04
09:00
11/04/19
09:00

Citi to launch digital savings account for American Air cardholders, CNBC says

Citigroup (C) plans to offer a high-interest online savings account early next year to users of its American Airlines (AAL) co-branded credit card, CNBC's Hugh Son reports, citing people familiar with the matter. Citigroup will offer up to 50,000 in miles as a sign-on bonus and a 25% boost on miles earned through the card, according to the report. Reference Link

C

Citi

$73.85

3 (4.23%)

AAL

American Airlines

$30.55

0.49 (1.63%)

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C Citi
$73.85

3 (4.23%)

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.
10/16/19
BMOC
10/16/19
NO CHANGE
Target $57
BMOC
Market Perform
Wells Fargo price target lowered to $57 from $59 at BMO Capital
BMO Capital analyst James Fotheringham lowered his price target on Wells Fargo (WFC) to $57 and kept his Market Perform rating after its Q3 results. The analyst cites the bank's lower than expected net interest income along with a miss on fees and a higher than anticipated operating costs. Fotheringham contends that before the new Wells Fargo CEO arrives and administers a strategic review, there are better investment opportunities in large cap banks that include Citi (C), Bank of America (BAC), Capital One (COF) and Morgan Stanley (MS).
10/24/19
10/24/19
NO CHANGE

Citigroup to hold a conference call
Conference call to discuss 3Q19 Fixed Income Investor Review will be held on October 29 at 11 am. Reference Link
AAL American Airlines
$30.55

0.49 (1.63%)

10/21/19
BUCK
10/21/19
NO CHANGE
Target $88
BUCK
Buy
Alaska Air price target raised to $88 from $78 at Buckingham
Buckingham analyst Daniel McKenzie raised his price target for Alaska Air (ALK) to $88 from $78 and lowered his price target for American Airlines (AAL) to $42 from $43. He maintained Buy ratings on both airline names ahead of Q3 earnings this week. In a research note to investors, McKenzie says the industry is set to deliver Q3 pre-tax profits of $5.8B, up 16.5% year-over-year, primarily on top line revenue growth. The analyst believes Alaska Air, American Airlines, Hawaiian Holdings (HA) and JetBlue (JBLU) are most likely to outperform on revenue and EPS execution, while he thinks Spirit Airlines (SAVE) is the most likely to disappoint.
10/24/19
BUCK
10/24/19
NO CHANGE
Target $42
BUCK
Buy
American Airlines a 'fixer-upper' set to re-rate higher, says Buckingham
Buckingham analyst Daniel McKenzie noted that American Airlines (AAL) reported Q3 EPS that were slightly better than his and consensus estimates, left its Q4 cost outlook unchanged despite the prolonged grounding of Boeing's (BA) 737 Max and laid out multi-year leverage targets for the first time. The debt reduction and free cash flow messaging American is using is the same that Delta (DAL) used back in 2010 before its stock re-rated, according to McKenzie, who thinks American shares can similarly re-rate materially higher. He considers American "the ugliest house on the block and a fixer-upper," but McKenzie contends that "the price is right" for what he sees as a nicely improving story. He keeps a Buy rating and $42 price target on American shares.
10/31/19
SBSH
10/31/19
INITIATION
Target $27
SBSH
Sell
American Airlines initiated with a Sell at Citi
Citi analyst Stephen Trent initiated coverage of American Airlines with a Sell rating and $27 price target.
10/31/19
SBSH
10/31/19
INITIATION
SBSH
Citi initiates the U.S. airlines sector, says Delta is top pick
Citi analyst Stephen Trent initiated the U.S. airlines sector in a note titled "Initiating coverage: Pick Your Routes Carefully." The analyst initiated Delta (DAL), United Airlines (UAL), and Spirit Airlines (SAVE) with Buy ratings, Southwest (LUV) with a Neutral rating, and American Airlines (AAL) with a Sell rating. Trent said that Delta was his top pick, citing attractive revenue diversity, relatively smooth earnings streams, and solid alliance networks. Trent is Neutral on Southwest as he believes the company's valuation relative to growth, along with 737 MAX risks, put the shares near fair value. The analyst has a Sell on American Airlines due to the company's high leverage, 2020 MAX redeployment, pilot contract negotiations, and valuations concerns.

TODAY'S FREE FLY STORIES

MGTA

Magenta Therapeutics

$13.29

0.3 (2.31%)

19:31
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Magenta reports results from MGTA-145 stem cell mobilization program »

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PFE

Pfizer

$38.29

0.26 (0.68%)

, BMY

Bristol-Myers

$59.94

0.435 (0.73%)

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Bristol-Myers Squibb-Pfizer Alliance reports analysis of Eliquis »

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PFE

Pfizer

$38.29

0.26 (0.68%)

BMY

Bristol-Myers

$59.94

0.435 (0.73%)

03/08/13
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UMRX

Unum Therapeutics

$0.70

0.0177 (2.61%)

19:25
12/07/19
12/07
19:25
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19:25
Hot Stocks
Unum Therapeutics announces Phase 1 clinical updates for T-cell therapies »

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MGTA

Magenta Therapeutics

$13.29

0.3 (2.31%)

19:25
12/07/19
12/07
19:25
12/07/19
19:25
Conference/Events
Magenta Therapeutics to hold an investor and analyst event »

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  • 07

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AUTL

Autolus Therapeutics

$14.60

-0.18 (-1.22%)

19:23
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12/07
19:23
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19:23
Hot Stocks
Autolus presents new data on T cell therapies in leukemia, lymphoma »

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  • 07

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BMY

Bristol-Myers

$59.94

0.435 (0.73%)

19:19
12/07/19
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19:19
Hot Stocks
Bristol-Myers says lisocabtagene maraleucel study met both endpoints »

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SGEN

Seattle Genetics

$117.52

0.37 (0.32%)

19:16
12/07/19
12/07
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19:16
Hot Stocks
Seattle Genetics reports updated Adcetris plus Opdivo Hodgkin lymphoma data »

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GILD

Gilead

$67.09

1.16 (1.76%)

19:12
12/07/19
12/07
19:12
12/07/19
19:12
Hot Stocks
Gilead's Kite announces long-term data from ZUMA-1 study in lymphoma »

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CRTX

Cortexyme

$28.00

-6.15 (-18.01%)

19:10
12/07/19
12/07
19:10
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19:10
Hot Stocks
Cortexyme says COR388 reduced levels of ApoE protein in Phase I study »

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MNK

Mallinckrodt

$3.40

0.015 (0.44%)

12:15
12/07/19
12/07
12:15
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12:15
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Mallinckrodt presents data on infantile spasms predictive model »

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  • 07

    Dec

STOK

Stoke Therapeutics

$28.91

3.99 (16.01%)

12:13
12/07/19
12/07
12:13
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12:13
Hot Stocks
Stoke Therapeutics presents preclinical data from studies of STK-001 »

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APTO

Aptose Biosciences

$2.55

-0.04 (-1.54%)

12:11
12/07/19
12/07
12:11
12/07/19
12:11
Hot Stocks
Aptose reports CG-806 data in patients with chronic lymphocytic leukemia »

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EPZM

Epizyme

$18.22

2.9 (18.93%)

10:09
12/07/19
12/07
10:09
12/07/19
10:09
Hot Stocks
Epizyme announces 'positive, mature data' for Phase 2 trial of tazemetostat »

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PRNB

Principia Biopharma

$37.30

0.86 (2.36%)

10:07
12/07/19
12/07
10:07
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10:07
Hot Stocks
Principia Biopharma announces 'consistent positive data' for PRN1008 »

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FB

Facebook

$200.99

1.64 (0.82%)

, GOOGL

Alphabet Class A

$1,339.41

11.6 (0.87%)

09:31
12/07/19
12/07
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09:31
On The Fly
Week in review: How Trump's policies moved stocks »

Catch up on the top…

FB

Facebook

$200.99

1.64 (0.82%)

GOOGL

Alphabet Class A

$1,339.41

11.6 (0.87%)

GOOG

Alphabet

$1,341.23

12.23 (0.92%)

AAPL

Apple

$270.71

5.15 (1.94%)

AMZN

Amazon.com

$1,750.79

10.2 (0.59%)

SQ

Square

$68.00

0.85 (1.27%)

TWTR

Twitter

$30.19

0.16 (0.53%)

CSIQ

Canadian Solar

$18.35

0.39 (2.17%)

FSLR

First Solar

$53.36

1.06 (2.03%)

JASO

JA Solar

$0.00

(0.00%)

SPWR

SunPower

$7.23

0.15 (2.12%)

TSL

Trina Solar

$0.00

(0.00%)

YGE

Yingli Green Energy

$0.00

(0.00%)

AKS

AK Steel

$3.24

0.065 (2.05%)

MT

ArcelorMittal

$17.88

0.43 (2.46%)

NUE

Nucor

$57.60

1.13 (2.00%)

STLD

Steel Dynamics

$35.10

0.67 (1.95%)

TMST

TimkenSteel

$6.90

0.41 (6.32%)

X

U.S. Steel

$13.95

0.615 (4.61%)

AA

Alcoa

$20.60

0.68 (3.41%)

03/08/13
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03/06/13
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FATE

Fate Therapeutics

$13.64

0.07 (0.52%)

09:27
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Hot Stocks
Fate Therapeutics reports initial clinical data for FT516 and FT50 »

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09:25
12/07/19
12/07
09:25
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09:25
Conference/Events
JPMorgan enterprise software analyst to hold an analyst/industry conference call »

Software Analyst Murphy,…

CRVS

Corvus Pharmaceuticals

$4.26

-0.36 (-7.79%)

09:23
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Corvus reports initial results from Phase 1/1b trial of CPI-818 »

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KPTI

Karyopharm

$16.30

-1.15 (-6.59%)

09:21
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Karyopharm announces updated Xpovio data in multiple myeloma »

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  • 07

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ABBV

AbbVie

$86.97

0.3 (0.35%)

09:18
12/07/19
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Hot Stocks
AbbVie reports results of 7.5-year pooled analysis of Imbruvica »

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  • 07

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SRRA

Sierra Oncology

$0.49

0.1035 (27.13%)

09:16
12/07/19
12/07
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09:16
Hot Stocks
Sierra Oncology reports new analyses of momelotinib compared to ruxolitinib »

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SGMO

Sangamo

$11.65

0.05 (0.43%)

, PFE

Pfizer

$38.29

0.26 (0.68%)

09:14
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09:14
Hot Stocks
Sangamo, Pfizer announce follow-up results from Phase 1/2 hemophilia A.study »

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SGMO

Sangamo

$11.65

0.05 (0.43%)

PFE

Pfizer

$38.29

0.26 (0.68%)

03/08/13
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03/06/13
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VSTM

Verastem

$1.31

0.055 (4.38%)

09:12
12/07/19
12/07
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09:12
Hot Stocks
Verastem announces 62% response rate for duvelisib in T-cell lymphoma »

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  • 07

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RHHBY

Roche

$0.00

(0.00%)

09:09
12/07/19
12/07
09:09
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09:09
Hot Stocks
Genentech announces new data on CD20-CD3 T-cell in Hodgkin's lymphoma »

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    Dec

XENE

Xenon Pharmaceuticals

$13.92

0.03 (0.22%)

, BMRN

BioMarin

$79.90

-0.18 (-0.22%)

08:59
12/07/19
12/07
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08:59
Hot Stocks
Xenon to provide updates on partnered epilepsy programs »

Xenon Pharmaceuticals…

XENE

Xenon Pharmaceuticals

$13.92

0.03 (0.22%)

BMRN

BioMarin

$79.90

-0.18 (-0.22%)

03/08/13
Wedge Partners
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03/06/13
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  • 07

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