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WFC

Wells Fargo

$53.59

-0.81 (-1.49%)

, SAN

Banco Santander

$3.81

-0.105 (-2.69%)

16:11
12/02/19
12/02
16:11
12/02/19
16:11

Wells Fargo names Scott Powell COO

Wells Fargo & Company (WFC) announced that Scott Powell has been named chief operating officer effective Dec. 9, 2019. He will serve on the company's Operating Committee and report directly to CEO and President Charlie Scharf. Powell most recently was CEO of Santander Holdings USA (SAN) as well as CEO of Santander Consumer USA Holdings Inc., a publicly traded consumer finance company focused on vehicle finance and third-party servicing. "I have known Scott for many years, and his tremendous experience, proven track record and unquestioned integrity will make him a great addition to our management team," Scharf said. "He's the ideal person to take on this new position as we seek to transform Wells Fargo so that high-quality execution, clear accountability and operational excellence become unquestioned components of our culture. These elements are critical for us as we tackle our most important priority, regulatory remediation, and also create the foundation from which to build Wells Fargo and to best serve our customers." As COO, Powell will oversee regulatory execution and relations, enterprise shared services and a range of operational functions across the company.

WFC

Wells Fargo

$53.59

-0.81 (-1.49%)

SAN

Banco Santander

$3.81

-0.105 (-2.69%)

  • 14

    Jan

WFC Wells Fargo
$53.59

-0.81 (-1.49%)

10/22/19
ODEN
10/22/19
DOWNGRADE
ODEN
Hold
Wells Fargo downgraded to Hold from Buy at Odeon Capital
Odeon Capital analyst Richard Bove downgraded Wells Fargo to Hold from Buy despite his view of the bank as "one of the most powerful companies in the United States" in spite of "all of its problems and all of its challenges." However, Wells' net interest margins will remain under pressure, sending its net interest income lower, while its costs are unlikely to decline any time soon and it faces more legal and regulatory issues, Bove tells investors.
11/15/19
ROTH
11/15/19
DOWNGRADE
Target $8
ROTH
Neutral
Mitek Systems downgraded on USAA litigation risk at Roth Capital
Roth Capital analyst Darren Aftahi downgraded Mitek Systems (MITK) to Neutral from Buy with a price target of $8, down from $12.50. The potential "trickle-down litigation risk" from USAA against Mitek's mobile deposit customer's acts is "too big of a risk/uncertainty to shares," Aftahi tells investors in a research note. He believes this could drag on for an extended period of time, causing distraction and additional legal costs. While Mitek does not believe it is the target of a lawsuit from USAA, the ruling in favor of USAA against Wells Fargo (WFC) could prove to be too big of a risk to justify buying Mitek shares currently, says Aftahi.
12/02/19
RAJA
12/02/19
DOWNGRADE
RAJA
Underperform
Wells Fargo downgraded to Underperform from Market Perform at Raymond James
Raymond James analyst David Long downgraded Wells Fargo to Underperform from Market Perform.
12/02/19
RAJA
12/02/19
DOWNGRADE
RAJA
Underperform
Raymond James downgrades Wells Fargo to Underperform on expected earnings cuts
Raymond James analyst David Long downgraded Wells Fargo to Underperform from Market Perform without a price target. Negative earnings revisions will provide a headwind for Wells Fargo's shares, Long tells investors in a research note. The analyst, whose estimates are now below consensus, expects the bank's revenue to contract for the fourth straight year in 2020. Further, he believes Wells' profitability metrics will remain below-peer and that any profitability improvement plan initiated by new CEO Charlie Scharf would reduce earnings estimates before becoming accretive.
SAN Banco Santander
$3.81

-0.105 (-2.69%)

08/21/19
HSBC
08/21/19
UPGRADE
HSBC
Hold
Banco Santander upgraded to Hold from Reduce at HSBC
10/01/19
SBSH
10/01/19
INITIATION
SBSH
Neutral
Banco Santander resumed with a Neutral at Citi
Citi resumed coverage of Banco Santander with a Neutral rating and price target of 3.80 euros.
10/01/19
10/01/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Banco Santander (SAN) resumed with a Neutral at Citi. 2. Blackstone (BX) initiated with an Outperform at Wells Fargo. 3. Agree Realty (ADC) initiated with a Buy at Berenberg. 4. CareDx (CDNA) assumed with a Buy at Craig-Hallum. 5. Acadia (ACAD) initiated with an Outperform at RBC Capital. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
10/31/19
KBWI
10/31/19
DOWNGRADE
KBWI
Underperform
Banco Santander downgraded to Underperform at Keefe Bruyette
Keefe Bruyette analyst Daragh Quinn downgraded Banco Santander to Underperform from Market Perform with a price target of 3.58 euros.

TODAY'S FREE FLY STORIES

NEP

NextEra Energy Partners

$53.10

0.29 (0.55%)

06:40
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NEE

NextEra Energy

$233.88

-1.97 (-0.84%)

06:39
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NextEra Energy analyst commentary  »

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  • 13

    Jan

WEN

Wendy's

$21.51

0.01 (0.05%)

06:37
12/13/19
12/13
06:37
12/13/19
06:37
Recommendations
Wendy's analyst commentary  »

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WEN

Wendy's

06:37
12/13/19
12/13
06:37
12/13/19
06:37
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Wendy's analyst commentary  »

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ADBE

Adobe

$305.76

2.01 (0.66%)

06:35
12/13/19
12/13
06:35
12/13/19
06:35
Recommendations
Adobe analyst commentary  »

Adobe price target raised…

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  • 23

    Jan

GMAB

Genmab

$22.21

-0.69 (-3.01%)

06:34
12/13/19
12/13
06:34
12/13/19
06:34
Hot Stocks
Genmab: CHMP recommends broadening marketing authorization for DARZALEX in EU »

Genmab announced that the…

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PAGP

Plains GP Holdings

$17.87

0.21 (1.19%)

06:30
12/13/19
12/13
06:30
12/13/19
06:30
Syndicate
Breaking Syndicate news story on Plains GP Holdings »

Plains GP Holdings files…

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PAGP

Plains GP Holdings

$17.87

0.21 (1.19%)

06:28
12/13/19
12/13
06:28
12/13/19
06:28
Syndicate
Breaking Syndicate news story on Plains GP Holdings »

Plains GP Holdings files…

03/08/13
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ACEL

Accel Entertainment

$12.00

0.245 (2.09%)

06:27
12/13/19
12/13
06:27
12/13/19
06:27
Syndicate
Breaking Syndicate news story on Accel Entertainment »

Accel Entertainment files…

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WE

We Company

$0.00

(0.00%)

06:24
12/13/19
12/13
06:24
12/13/19
06:24
Periodicals
WeWork shutting down restaurant coworking startup Spacious, BI reports »

WeWork is shutting down…

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HBI

Hanesbrands

$15.18

0.19 (1.27%)

06:23
12/13/19
12/13
06:23
12/13/19
06:23
Downgrade
Hanesbrands rating change  »

BofA/Merrill downgrades…

03/08/13
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03/08/13
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03/06/13
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GOOG

Alphabet

$1,350.16

5.02 (0.37%)

, TCEHY

Tencent

$0.00

(0.00%)

06:22
12/13/19
12/13
06:22
12/13/19
06:22
Periodicals
'Fornite' creator Epic Games challenges Google's app-store fee policy, WSJ says »

Epic Games, the creator…

GOOG

Alphabet

$1,350.16

5.02 (0.37%)

TCEHY

Tencent

$0.00

(0.00%)

KKR

KKR

$29.26

0.11 (0.38%)

DIS

Disney

$146.85

0.03 (0.02%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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  • 26

    Feb

ADBE

Adobe

$305.76

2.01 (0.66%)

06:19
12/13/19
12/13
06:19
12/13/19
06:19
Recommendations
Adobe analyst commentary  »

Adobe price target raised…

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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  • 23

    Jan

ETSY

Etsy

$41.97

0.95 (2.32%)

06:19
12/13/19
12/13
06:19
12/13/19
06:19
Initiation
Etsy initiated  »

Etsy initiated with a Buy…

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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WMB

Williams

$22.64

0.21 (0.94%)

06:18
12/13/19
12/13
06:18
12/13/19
06:18
Initiation
Williams initiated  »

Williams initiated with a…

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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  • 07

    Jan

  • 13

    Jan

PCG

PG&E

$11.75

-0.38 (-3.13%)

06:18
12/13/19
12/13
06:18
12/13/19
06:18
Periodicals
PG&E-backed plan ignores California mandates, Elliott says, WSJ reports »

Elliott Management says…

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03/06/13
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  • 07

    Jan

DCP

DCP Midstream

$23.70

-0.56 (-2.31%)

06:18
12/13/19
12/13
06:18
12/13/19
06:18
Initiation
DCP Midstream initiated  »

DCP Midstream initiated…

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03/08/13
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03/06/13
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  • 13

    Jan

TPX

Tempur Sealy

$85.34

-0.31 (-0.36%)

06:16
12/13/19
12/13
06:16
12/13/19
06:16
Recommendations
Tempur Sealy analyst commentary  »

Tempur Sealy remains…

03/08/13
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03/06/13
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NVDA

Nvidia

$224.19

6.86 (3.16%)

, MLNX

Mellanox

$116.23

1.98 (1.73%)

06:14
12/13/19
12/13
06:14
12/13/19
06:14
Periodicals
Nvidia hasn't offered concessions to EU on Mellanox bid, Reuters reports »

Nvidia (NVDA) has not…

NVDA

Nvidia

$224.19

6.86 (3.16%)

MLNX

Mellanox

$116.23

1.98 (1.73%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
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03/06/13
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  • 06

    Jan

  • 07

    Jan

  • 07

    Jan

AMRX

Amneal Pharmaceuticals

$5.04

1.555 (44.62%)

06:13
12/13/19
12/13
06:13
12/13/19
06:13
Recommendations
Amneal Pharmaceuticals analyst commentary  »

Amneal Pharmaceuticals…

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NUVA

NuVasive

$73.75

-0.02 (-0.03%)

06:13
12/13/19
12/13
06:13
12/13/19
06:13
Upgrade
NuVasive rating change  »

NuVasive upgraded to…

03/08/13
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EADSY

Airbus

$0.00

(0.00%)

, BA

Boeing

$346.47

-3.535 (-1.01%)

06:11
12/13/19
12/13
06:11
12/13/19
06:11
Periodicals
Qantas picks Airbus over Boeing for world's longest flights, Reuters reports »

Qantas Airways has…

EADSY

Airbus

$0.00

(0.00%)

BA

Boeing

$346.47

-3.535 (-1.01%)

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

NexTier Oilfield

$6.28

0.36 (6.09%)

, FTI

TechnipFMC

$19.90

0.55 (2.84%)

06:10
12/13/19
12/13
06:10
12/13/19
06:10
Recommendations
NexTier Oilfield, TechnipFMC, Helmerich & Payne, Nine Energy Services analyst commentary  »

NexTier Oilfield,…

NEX

NexTier Oilfield

$6.28

0.36 (6.09%)

FTI

TechnipFMC

$19.90

0.55 (2.84%)

HP

Helmerich & Payne

$42.62

1 (2.40%)

NINE

Nine Energy Services

$6.20

0.44 (7.65%)

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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  • 23

    Mar

EADSY

Airbus

$0.00

(0.00%)

06:08
12/13/19
12/13
06:08
12/13/19
06:08
Hot Stocks
Airbus acquires industrial automation company MTM Robotics »

Airbus has acquired…

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COP

ConocoPhillips

$62.58

0.87 (1.41%)

06:06
12/13/19
12/13
06:06
12/13/19
06:06
Initiation
ConocoPhillips initiated  »

ConocoPhillips initiated…

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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  • 04

    Feb

  • 23

    Mar

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