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Periodicals
Stellantis to announce new U.S. auto-lending partner, Bloomberg says » 12:32
09/01/21
09/01
12:32
09/01/21
12:32
STLA

Stellantis

$19.89 /

-0.14 (-0.70%)

, SC

Santander Consumer

$41.69 /

-0.02 (-0.05%)

Stellantis (STLA) is set…

Stellantis (STLA) is set to create a new path in terms of U.S. financial services by forming a partnership with a company other than Santander Consumer USA (SC), Bloomberg's Daniele Lepido, Tara Patel, and David Welch report, citing people familiar with the matter. The automaker is set to share details of the change later Wednesday, the authors note. Reference Link

ShowHide Related Items >><<
STLA Stellantis
$19.89 /

-0.14 (-0.70%)

SC Santander Consumer
$41.69 /

-0.02 (-0.05%)

STLA Stellantis
$19.89 /

-0.14 (-0.70%)

08/20/21
Fly Intel: Top five analyst initiations
08/20/21 Erste Group
Stellantis initiated with a Buy at Erste Group
08/04/21 JPMorgan
Stellantis price target raised to EUR 27 from EUR 20 at JPMorgan
08/04/21 Societe Generale
Stellantis price target raised to EUR 22 from EUR 20 at Societe Generale
SC Santander Consumer
$41.69 /

-0.02 (-0.05%)

08/24/21 Credit Suisse
Santander Consumer downgraded to Neutral from Outperform at Credit Suisse
07/29/21
Fly Intel: Top five analyst downgrades
07/29/21 Deutsche Bank
Santander Consumer downgraded om proposal overhang at Deutsche Bank
07/28/21 Deutsche Bank
Santander Consumer downgraded to Hold from Buy at Deutsche Bank
STLA Stellantis
$19.89 /

-0.14 (-0.70%)

SC Santander Consumer
$41.69 /

-0.02 (-0.05%)

STLA Stellantis
$19.89 /

-0.14 (-0.70%)

STLA Stellantis
$19.89 /

-0.14 (-0.70%)

SC Santander Consumer
$41.69 /

-0.02 (-0.05%)

Periodicals
Stellantis to announce new U.S. auto-lending partner, Bloomberg says » 12:01
09/01/21
09/01
12:01
09/01/21
12:01
STLA

Stellantis

$19.97 /

-0.06 (-0.30%)

, SC

Santander Consumer

$41.71 /

-0.005 (-0.01%)

Stellantis (STLA) is…

Stellantis (STLA) is planning to announce that it is starting a partnership with a company other than Santander Consumer USA (SC) for its U.S. financial services, people familiar with the matter tell Bloomberg's Daniele Lepido, Tara Patel and David Welch.

ShowHide Related Items >><<
STLA Stellantis
$19.97 /

-0.06 (-0.30%)

SC Santander Consumer
$41.71 /

-0.005 (-0.01%)

STLA Stellantis
$19.97 /

-0.06 (-0.30%)

08/20/21
Fly Intel: Top five analyst initiations
08/20/21 Erste Group
Stellantis initiated with a Buy at Erste Group
08/04/21 JPMorgan
Stellantis price target raised to EUR 27 from EUR 20 at JPMorgan
08/04/21 Societe Generale
Stellantis price target raised to EUR 22 from EUR 20 at Societe Generale
SC Santander Consumer
$41.71 /

-0.005 (-0.01%)

08/24/21 Credit Suisse
Santander Consumer downgraded to Neutral from Outperform at Credit Suisse
07/29/21
Fly Intel: Top five analyst downgrades
07/29/21 Deutsche Bank
Santander Consumer downgraded om proposal overhang at Deutsche Bank
07/28/21 Deutsche Bank
Santander Consumer downgraded to Hold from Buy at Deutsche Bank
STLA Stellantis
$19.97 /

-0.06 (-0.30%)

SC Santander Consumer
$41.71 /

-0.005 (-0.01%)

STLA Stellantis
$19.97 /

-0.06 (-0.30%)

STLA Stellantis
$19.97 /

-0.06 (-0.30%)

SC Santander Consumer
$41.71 /

-0.005 (-0.01%)

Over a month ago
Downgrade
Santander Consumer downgraded to Neutral from Outperform at Credit Suisse » 10:21
08/24/21
08/24
10:21
08/24/21
10:21
SC

Santander Consumer

$41.40 /

+0.125 (+0.30%)

Credit Suisse analyst…

Credit Suisse analyst Moshe Orenbuch downgraded Santander Consumer (SC) to Neutral from Outperform with a price target of $41.50, down from $42, after the company announced that will be taken private by Santander Holdings. Management expects the deal to close in Q4, Orenbuch notes.

ShowHide Related Items >><<
SC Santander Consumer
$41.40 /

+0.125 (+0.30%)

SC Santander Consumer
$41.40 /

+0.125 (+0.30%)

07/29/21
Fly Intel: Top five analyst downgrades
07/29/21 Deutsche Bank
Santander Consumer downgraded om proposal overhang at Deutsche Bank
07/28/21 Deutsche Bank
Santander Consumer downgraded to Hold from Buy at Deutsche Bank
07/09/21 Barclays
Santander Consumer price target raised to $39 from $32 at Barclays
SC Santander Consumer
$41.40 /

+0.125 (+0.30%)

SC Santander Consumer
$41.40 /

+0.125 (+0.30%)

Hot Stocks
Santander Consumer to be taken private in $41.50 per share cash transaction » 05:29
08/24/21
08/24
05:29
08/24/21
05:29
SC

Santander Consumer

$41.28 /

+0.035 (+0.08%)

Santander Consumer (SC)…

Santander Consumer (SC) announced that SC and its majority shareholder Santander Holdings, or SHUSA, have entered into a definitive agreement whereby SHUSA will acquire SC for $41.50 per share in cash, which represents a total equity value of $12.7B. The transaction is expected to close in Q4. The transaction has been unanimously approved by the board of directors of SHUSA. The board of directors of SC formed a special committee consisting of the independent and disinterested directors of SC to evaluate and negotiate the definitive agreement. Acting upon the unanimous recommendation of the special committee, the board of directors of SC unanimously approved the transaction. Under the terms of the definitive agreement, a wholly-owned subsidiary of SHUSA will promptly commence a tender offer to acquire all of the outstanding shares of SC's common stock that SHUSA does not yet own at a price of $41.50 per share in cash. Following completion of the tender offer, SHUSA will acquire all remaining shares not tendered in the offer through a second step merger at the same price as in the tender offer. The tender offer is not subject to a financing condition. The offer price of $41.50 per share in cash represents a premium of approximately 14% to the $36.43 closing price of SC's common stock on July 1, 2021, the day prior to the announcement of SHUSA's initial, non-binding proposal to acquire shares of common stock of SC that SHUSA did not yet own. Consummation of the tender offer is subject to various conditions, including regulatory approval of the Board of Governors of the Federal Reserve System and other customary conditions. Upon completion of the transaction, SC will become a wholly owned subsidiary of SHUSA.

ShowHide Related Items >><<
SC Santander Consumer
$41.28 /

+0.035 (+0.08%)

SC Santander Consumer
$41.28 /

+0.035 (+0.08%)

07/29/21
Fly Intel: Top five analyst downgrades
07/29/21 Deutsche Bank
Santander Consumer downgraded om proposal overhang at Deutsche Bank
07/28/21 Deutsche Bank
Santander Consumer downgraded to Hold from Buy at Deutsche Bank
07/09/21 Barclays
Santander Consumer price target raised to $39 from $32 at Barclays
SC Santander Consumer
$41.28 /

+0.035 (+0.08%)

SC Santander Consumer
$41.28 /

+0.035 (+0.08%)

Downgrade
Fly Intel: Top five analyst downgrades » 09:53
07/29/21
07/29
09:53
07/29/21
09:53
MCO

Moody's

$376.65 /

-1.945 (-0.51%)

, SC

Santander Consumer

$40.96 /

+0.015 (+0.04%)

, ATUS

Altice USA

$32.48 /

-1.57 (-4.61%)

, CONE

CyrusOne

$75.35 /

+0.745 (+1.00%)

, CRUS

Cirrus Logic

$79.52 /

-4.8 (-5.69%)

Catch up on today's…

Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Moody's (MCO) downgraded to Neutral from Buy at UBS with analyst Alex Kramm saying following two years of "outsized" debt issuance levels, the analyst is "increasingly concerned" that the medium-term outlook "can only soften from here." 2. Santander Consumer (SC) downgraded to Hold from Buy at Deutsche Bank with analyst Meng Jiao saying upside potential in the shares is "capped given the overhang" of the nonbinding proposal for SHUSA, Santander Consumer's majority shareholder, to acquire all outstanding common shares for $39 per share. 3. Altice USA (ATUS) downgraded to Outperform from Strong Buy at Raymond James with analyst Frank Louthan believing leverage will remain the biggest risk to Altice shares, along with lower top line growth, until advertising returns to full strength and fiber build penetration is further along. 4. CyrusOne (CONE) downgraded to Hold from Buy at Truist with analyst Greg Miller citing the surprise separation of Bruce Duncan only one year after he was appointed as CEO. 5. Cirrus Logic (CRUS) downgraded to Neutral from Buy at BofA with analyst Vivek Arya saying while he likes Cirrus' pipeline, plans for broadening into Android phones and laptops, and content gain opportunities from its Lion acquisition, the company's announcement of FY23 pricing and cost pressures suggests earnings growth is likely to remain muted and below semis industry growth. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

ShowHide Related Items >><<
SC Santander Consumer
$40.96 /

+0.015 (+0.04%)

MCO Moody's
$376.65 /

-1.945 (-0.51%)

CRUS Cirrus Logic
$79.52 /

-4.8 (-5.69%)

CONE CyrusOne
$75.35 /

+0.745 (+1.00%)

ATUS Altice USA
$32.48 /

-1.57 (-4.61%)

MCO Moody's
$376.65 /

-1.945 (-0.51%)

07/29/21 BMO Capital
Moody's price target raised to $415 from $406 at BMO Capital
07/29/21 Oppenheimer
Moody's price target raised to $406 from $387 at Oppenheimer
07/29/21 Deutsche Bank
Moody's price target raised to $375 from $325 at Deutsche Bank
07/29/21 UBS
Moody's downgraded to Neutral from Buy at UBS
SC Santander Consumer
$40.96 /

+0.015 (+0.04%)

07/29/21 Deutsche Bank
Santander Consumer downgraded om proposal overhang at Deutsche Bank
07/28/21 Deutsche Bank
Santander Consumer downgraded to Hold from Buy at Deutsche Bank
07/09/21 Barclays
Santander Consumer price target raised to $39 from $32 at Barclays
07/07/21 Jefferies
Santander Consumer downgraded to Hold from Buy at Jefferies
ATUS Altice USA
$32.48 /

-1.57 (-4.61%)

07/29/21 Raymond James
Altice USA downgraded to Outperform from Strong Buy at Raymond James
07/29/21 Deutsche Bank
Altice USA price target lowered to $40 from $43 at Deutsche Bank
07/29/21 Raymond James
Altice USA downgraded to Outperform from Strong Buy at Raymond James
07/02/21 Benchmark
Benchmark sees buying opportunity in Altice USA amid 'excessive' angst
CONE CyrusOne
$75.35 /

+0.745 (+1.00%)

07/29/21
Fly Intel: Top five analyst upgrades
07/29/21 Raymond James
CyrusOne double upgraded to Outperform at Raymond James
07/29/21 Truist
CyrusOne downgraded to Hold at Truist on CEO separation
07/29/21 Truist
CyrusOne downgraded to Hold from Buy at Truist
CRUS Cirrus Logic
$79.52 /

-4.8 (-5.69%)

07/29/21 Craig-Hallum
Cirrus Logic upgraded to Buy at Craig-Hallum on results beat, Apple strength
07/29/21 KeyBanc
Cirrus Logic price target raised to $105 from $100 at KeyBanc
07/29/21 Needham
Cirrus Logic price target raised to $110 from $100 at Needham
SC Santander Consumer
$40.96 /

+0.015 (+0.04%)

MCO Moody's
$376.65 /

-1.945 (-0.51%)

CRUS Cirrus Logic
$79.52 /

-4.8 (-5.69%)

CONE CyrusOne
$75.35 /

+0.745 (+1.00%)

ATUS Altice USA
$32.48 /

-1.57 (-4.61%)

  • 13
    Aug
MCO Moody's
$376.65 /

-1.945 (-0.51%)

CRUS Cirrus Logic
$79.52 /

-4.8 (-5.69%)

CONE CyrusOne
$75.35 /

+0.745 (+1.00%)

SC Santander Consumer
$40.96 /

+0.015 (+0.04%)

CRUS Cirrus Logic
$79.52 /

-4.8 (-5.69%)

ATUS Altice USA
$32.48 /

-1.57 (-4.61%)

CRUS Cirrus Logic
$79.52 /

-4.8 (-5.69%)

Downgrade
Santander Consumer downgraded om proposal overhang at Deutsche Bank » 07:00
07/29/21
07/29
07:00
07/29/21
07:00
SC

Santander Consumer

$40.94 /

+0.11 (+0.27%)

Deutsche Bank analyst…

Deutsche Bank analyst Meng Jiao last night downgraded Santander Consumer to Hold from Buy with an unchanged price target of $41. Upside potential in the shares is "capped given the overhang" of the nonbinding proposal for SHUSA, Santander Consumer's majority shareholder, to acquire all outstanding common shares for $39 per share, Jiao tells investors in a research note.

ShowHide Related Items >><<
SC Santander Consumer
$40.94 /

+0.11 (+0.27%)

SC Santander Consumer
$40.94 /

+0.11 (+0.27%)

07/28/21 Deutsche Bank
Santander Consumer downgraded to Hold from Buy at Deutsche Bank
07/09/21 Barclays
Santander Consumer price target raised to $39 from $32 at Barclays
07/07/21 Jefferies
Santander Consumer downgraded to Hold from Buy at Jefferies
07/06/21 Morgan Stanley
Santander Consumer takeout 'a good deal' for shareholders, says Morgan Stanley
SC Santander Consumer
$40.94 /

+0.11 (+0.27%)

SC Santander Consumer
$40.94 /

+0.11 (+0.27%)

Downgrade
Santander Consumer downgraded to Hold from Buy at Deutsche Bank » 21:41
07/28/21
07/28
21:41
07/28/21
21:41
SC

Santander Consumer

$40.94 /

+0.11 (+0.27%)

Deutsche Bank analyst…

Deutsche Bank analyst Meng Jiao downgraded Santander Consumer to Hold from Buy.

ShowHide Related Items >><<
SC Santander Consumer
$40.94 /

+0.11 (+0.27%)

SC Santander Consumer
$40.94 /

+0.11 (+0.27%)

07/09/21 Barclays
Santander Consumer price target raised to $39 from $32 at Barclays
07/07/21 Jefferies
Santander Consumer downgraded to Hold from Buy at Jefferies
07/06/21 Morgan Stanley
Santander Consumer takeout 'a good deal' for shareholders, says Morgan Stanley
07/06/21 Credit Suisse
Santander Consumer price target raised to $41 from $35 at Credit Suisse
SC Santander Consumer
$40.94 /

+0.11 (+0.27%)

SC Santander Consumer
$40.94 /

+0.11 (+0.27%)

Earnings
Santander Consumer reports Q2 EPS $3.45, consensus $1.83 » 06:20
07/28/21
07/28
06:20
07/28/21
06:20
SC

Santander Consumer

$40.86 /

+0.03 (+0.07%)

Reports Q2 CET1 ratio…

Reports Q2 CET1 ratio 18.1%. Reports Q2 net charge-offs (1%). Reports Q2 total auto originations of $10.5B, up 34% "The second quarter was another exceptional quarter for us thanks to our team's execution in a highly competitive market. We have positioned SC to benefit from the ongoing tailwinds with consumers and the overall auto industry. Demand for vehicles remains strong, as evidenced by our record originations in the quarter of $10.5 billion, despite the pressure of new vehicle sales due to the chip shortage. For the first time in our Company's history, we experienced a net recovery for the quarter of $79 million supported by record used car prices. Yesterday we announced an important strategic expansion of our partnership with AutoFi to launch a new digital experience for our dealers and consumers. The economic recovery is underway and we are encouraged by the strength of consumers and our portfolio's performance. However, the uncertainty with COVID persists and we are mindful of the potential impact going forward as we continue to remain disciplined in our approach. I am very optimistic about our Company's position in the market, our portfolio and our employee's ability to execute," said Mahesh Aditya, SC president and CEO.

ShowHide Related Items >><<
SC Santander Consumer
$40.86 /

+0.03 (+0.07%)

SC Santander Consumer
$40.86 /

+0.03 (+0.07%)

07/09/21 Barclays
Santander Consumer price target raised to $39 from $32 at Barclays
07/07/21 Jefferies
Santander Consumer downgraded to Hold from Buy at Jefferies
07/06/21 Morgan Stanley
Santander Consumer takeout 'a good deal' for shareholders, says Morgan Stanley
07/06/21 Credit Suisse
Santander Consumer price target raised to $41 from $35 at Credit Suisse
SC Santander Consumer
$40.86 /

+0.03 (+0.07%)

SC Santander Consumer
$40.86 /

+0.03 (+0.07%)

Hot Stocks
Santander to acquire Amherst Pierpoint for roughly $600M » 12:44
07/15/21
07/15
12:44
07/15/21
12:44
SAN

Banco Santander

$3.73 /

+0.01 (+0.27%)

, SC

Santander Consumer

$40.50 /

-0.01 (-0.02%)

Banco Santander announced…

Banco Santander announced that Santander Holdings USA, the bank's US holding company, has reached an agreement to acquire Amherst Pierpont Securities, a market-leading independent fixed-income broker dealer, through the acquisition of its parent holding company, Pierpont Capital Holdings LLC, for a total consideration of approximately $600M. Amherst Pierpont will become part of Santander Corporate & Investment Banking global business line. The acquisition of Amherst Pierpont is expected to be c.1% accretive to group earnings per share and generate a return on invested capital of c.11% by year 3, with a -9 basis point impact on group capital at closing. As of 31 March 2021, the group's CET1 capital ratio was above its target range of 11-12%. The transaction is expected to close by the end of the first quarter of 2022, subject to regulatory approvals and customary closing conditions.

ShowHide Related Items >><<
SC Santander Consumer
$40.50 /

-0.01 (-0.02%)

SAN Banco Santander
$3.73 /

+0.01 (+0.27%)

SAN Banco Santander
$3.73 /

+0.01 (+0.27%)

07/06/21 Morgan Stanley
Santander Consumer takeout 'a good deal' for shareholders, says Morgan Stanley
07/06/21 Credit Suisse
Santander Consumer price target raised to $41 from $35 at Credit Suisse
07/05/21 BMO Capital
Santander Consumer downgraded to Market Perform from Outperform at BMO Capital
06/21/21 UBS
Banco Santander price target raised to EUR 4 from EUR 3.65 at UBS
SC Santander Consumer
$40.50 /

-0.01 (-0.02%)

07/09/21 Barclays
Santander Consumer price target raised to $39 from $32 at Barclays
07/07/21 Jefferies
Santander Consumer downgraded to Hold from Buy at Jefferies
SC Santander Consumer
$40.50 /

-0.01 (-0.02%)

SAN Banco Santander
$3.73 /

+0.01 (+0.27%)

SAN Banco Santander
$3.73 /

+0.01 (+0.27%)

SAN Banco Santander
$3.73 /

+0.01 (+0.27%)

Recommendations
Santander Consumer price target raised to $39 from $32 at Barclays » 06:42
07/09/21
07/09
06:42
07/09/21
06:42
SC

Santander Consumer

$40.43 /

-0.04 (-0.10%)

Barclays analyst Mark…

Barclays analyst Mark DeVries raised the firm's price target on Santander Consumer to $39 from $32 and keeps an Equal Weight rating on the shares.

ShowHide Related Items >><<
SC Santander Consumer
$40.43 /

-0.04 (-0.10%)

SC Santander Consumer
$40.43 /

-0.04 (-0.10%)

07/07/21 Jefferies
Santander Consumer downgraded to Hold from Buy at Jefferies
07/06/21 Morgan Stanley
Santander Consumer takeout 'a good deal' for shareholders, says Morgan Stanley
07/06/21 Credit Suisse
Santander Consumer price target raised to $41 from $35 at Credit Suisse
07/05/21 BMO Capital
Santander Consumer downgraded to Market Perform from Outperform at BMO Capital
SC Santander Consumer
$40.43 /

-0.04 (-0.10%)

SC Santander Consumer
$40.43 /

-0.04 (-0.10%)

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