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BAC

Bank of America

$34.64

-0.045 (-0.13%)

10:10
01/16/20
01/16
10:10
01/16/20
10:10

Bearish collar opened in Bank of America may protect 1M shares out to May

Bearish collar opened in Bank of America may protect 1M shares out to May. Shares flat this morning near $34.74 following yesterday's reaction to earnings that took shares down 65c, or 1.85%, with a large spread trading on the PHLX where a customer bought 10K May 32 puts to sell May 37 calls, for a net 4c credit. Both legs open, with the cost of the put, 7.6% below spot, covered by the sale of the call, 6.8% above.

  • 26

    Feb

  • 15

    Apr

BAC Bank of America
$34.64

-0.045 (-0.13%)

01/07/20
01/07/20
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. JPMorgan (JPM) and Bank of America (BAC) downgraded to Neutral from Buy at UBS. 2. Chubb (CB) downgraded to Sell from Neutral at Goldman Sachs with analyst Yaron Kinar saying he expects the company to be impacted by deteriorating industry loss trends in liability lines. 3. Quest Diagnostics (DGX) downgraded to Equal Weight from Overweight at Barclays. 4. Accenture (ACN) downgraded to Neutral from Buy at MoffettNathanson and to Underperform from Neutral at BofA. 5. Celanese (CE) downgraded to Neutral from Buy at Citi with analyst P.J. Juvekar saying the bulk of the improvements management has executed are now reflected in the company's margins and share price. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
01/08/20
DADA
01/08/20
INITIATION
Target $36
DADA
Neutral
Bank of America initiated with a Neutral at DA Davidson
DA Davidson analyst David Konrad initiated coverage of Bank of America with a Neutral rating and $36 price target, saying the stock is not cheap, trading at an 11% premium to peers on 2020 P/E driven by above peer returns. Konrad said he believes the stock may be lacking "strong" catalysts going forward in a challenging revenue environment with expectations of declining NII in 2020 and 2021 expectations only 1% above last year's levels. The analyst added that he thinks Bank of America is losing market share in capital markets to its U.S. rivals, and he expects buybacks to meaningfully reduce over the next few years.
01/09/20
BUCK
01/09/20
NO CHANGE
Target $40
BUCK
Buy
Buckingham says buy brokerage stocks over banks in 2020
Buckingham analyst James Mitchell told investors in a research note that he would emphasize the brokerage stocks over the banks this year, as not only are they less expensive, but that expectations around growth embedded in consensus are quiet modest. The analyst upgraded Goldman Sachs (GS) and downgraded Northern Trust (NTRS), and said Citi (C) remains a top pick for the second year in a row. He also emphasized Morgan Stanley (MS) and Regions Financial (RF) as the cheapest brokers relative to historical multiples in his coverage universe. The analyst raised his price target for Bank of America (BAC) to $40 from $35, for BNY Mellon (BK) to $56 from $50, for Citi to $100 from $86, for JPMorgan (JPM) to $140 from $122, for Morgan Stanley to $65 from $55, for State Street (STT) to $95 from $84, for Regions Financial to $110 from $108 and for Wells Fargo to $55 from $47.
01/15/20
ARGS
01/15/20
NO CHANGE
Target $39
ARGS
Buy
Bank of America price target raised to $39 from $35 at Argus
Argus analyst Stephen Biggar raised his price target for Bank of America to $39 from $35 following quarterly results. The analyst believes the company continues to show improved operating leverage, which is "increasingly important" in a less favorable interest rate environment. Biggar also believes that Bank of America is "attractively valued" and maintains a Buy rating on the shares.

TODAY'S FREE FLY STORIES

SPLK

Splunk

$157.89

-2.41 (-1.50%)

08:38
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VERB

VERB Technology

$1.44

-0.07 (-4.64%)

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NVRO

Nevro

$121.02

-2.795 (-2.26%)

08:37
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  • 23

    Jan

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MU

Micron

$57.65

-0.05 (-0.09%)

08:37
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Micron analyst commentary  »

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OGI

Organigram

$3.24

-0.145 (-4.28%)

08:37
01/21/20
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Conference/Events
Organigram participates in a conference call »

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WDC

Western Digital

$68.26

-0.36 (-0.52%)

08:36
01/21/20
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  • 30

    Jan

GH

Guardant Health

$84.44

1.06 (1.27%)

08:36
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Guardant Health appoints Kumud Kalia as CIO »

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ETN

Eaton

$95.70

0.87 (0.92%)

08:35
01/21/20
01/21
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08:35
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Eaton analyst commentary  »

Eaton price target raised…

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  • 04

    Feb

SLB

Schlumberger

$38.38

-0.38 (-0.98%)

08:35
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PCOM

Points International

$15.20

(0.00%)

08:34
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08:34
Hot Stocks
Points International sees FY19 gross profit $59.2M-$59.6M »

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TTC

Toro Company

$83.10

-0.67 (-0.80%)

08:33
01/21/20
01/21
08:33
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08:33
Hot Stocks
Toro Company to acquire Venture Products for $167.5M in cash »

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OMI

Owens & Minor

$5.52

-0.27 (-4.66%)

08:33
01/21/20
01/21
08:33
01/21/20
08:33
Upgrade
Owens & Minor rating change  »

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MMP

Magellan Midstream

$64.28

-0.72 (-1.11%)

08:33
01/21/20
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08:33
Hot Stocks
Magellan Midstream announces $750M common unit repurchase program »

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  • 30

    Jan

PCOM

Points International

$15.20

(0.00%)

08:33
01/21/20
01/21
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08:33
Hot Stocks
Points International sees Q4 gross profit $17.3M-$17.7M »

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MMP

Magellan Midstream

$64.28

-0.72 (-1.11%)

08:31
01/21/20
01/21
08:31
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08:31
Hot Stocks
Magellan Midstream to sell marine terminals to Buckeye Partners for $250M »

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  • 30

    Jan

SINO

Sino-Global

$0.46

-0.0181 (-3.80%)

08:31
01/21/20
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08:31
Hot Stocks
Sino-Global signs joint venture agreement with expert importer Shanming Liang »

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EVOK

Evoke Pharma

$1.58

-0.01 (-0.63%)

08:31
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DL

China Distance Education

$9.06

0.085 (0.95%)

, FRAN

Francesca's

$9.20

-0.25 (-2.65%)

08:30
01/21/20
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Twelve option delistings on January 21st »

Option delistings…

DL

China Distance Education

$9.06

0.085 (0.95%)

FRAN

Francesca's

$9.20

-0.25 (-2.65%)

HMNY

Helios and Matheson

$0.00

(0.00%)

LIFE

aTyr Pharma

$6.24

-0.785 (-11.18%)

NIHD

NII Holdings

$0.00

(0.00%)

NVLNF

Novelion Therapeutics

$0.00

(0.00%)

SES

Synthesis Energy Systems

$6.96

-0.18 (-2.52%)

SMTA

Spirit MTA REIT

$0.00

(0.00%)

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NTGN

Neon Therapeutics

$1.70

0.01 (0.59%)

08:28
01/21/20
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KSU

Kansas City Southern

$166.57

4.77 (2.95%)

08:27
01/21/20
01/21
08:27
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08:27
Recommendations
Kansas City Southern analyst commentary  »

Kansas City Southern…

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08:25
01/21/20
01/21
08:25
01/21/20
08:25
Conference/Events
JPMorgan retail analyst to hold an analyst/industry conference call »

Retailing Analyst…

EVSI

Envision Solar

$6.48

0.46 (7.64%)

08:23
01/21/20
01/21
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08:23
Hot Stocks
Envision Solar announces further orders through State of California contract »

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HEMP

Hemp, Inc.

$0.00

(0.00%)

08:21
01/21/20
01/21
08:21
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08:21
Hot Stocks
Hemp, Inc. supports House legislation that promotes CBD as dietary supplement »

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  • 26

    Jan

SHAK

Shake Shack

$69.92

-0.495 (-0.70%)

08:20
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KERN

Akerna

$8.70

0.06 (0.69%)

08:19
01/21/20
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Hot Stocks
Akerna completes acquisition of majority interest in solo sciences »

Akerna has completed its…

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  • 24

    Feb

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