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Citi call buyer realizes 10% same-day gains » 08:00
04/09/20
04/09
08:00
04/09/20
08:00
C

Citi

$44.25 /

+3.05 (+7.40%)

Notable profits for the…

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Monday
Periodicals
SBA loan processing system crashes for some time, Bloomberg says » 16:49
04/06/20
04/06
16:49
04/06/20
16:49
BAC

Bank of America

$21.34 /

+1.31 (+6.54%)

, C

Citi

$41.15 /

+3.67 (+9.79%)

, JPM

JPMorgan

$89.09 /

+5.01 (+5.96%)

, USB

U.S. Bancorp

$34.31 /

+3.1 (+9.93%)

, WFC

Wells Fargo

$28.54 /

+2.31 (+8.81%)

, GS

Goldman Sachs

$158.02 /

+10.95 (+7.45%)

, MS

Morgan Stanley

$37.01 /

+3.165 (+9.35%)

The Small Business…

The Small Business Administration's loan processing platform crashed, pausing for hours the ability of banks to process any loans for small business owners looking for relief from the impact of the COVID-19 pandemic, Bloomberg's Mark Niquette reports. Banking industry representatives and an administration official said that the E-Tran platform that lenders use to process loans under the new relief program was down for some time today, though an SBA spokesman said that the system was back up and running, Niquette says. Publicly traded companies in the space include Bank of America (BAC), Citi (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC). Reference Link

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Hot Stocks
Yellen would be in favor of asking banks to suspend dividends » 10:48
04/06/20
04/06
10:48
04/06/20
10:48
BAC

Bank of America

$20.92 /

+0.885 (+4.42%)

, C

Citi

$40.25 /

+2.77 (+7.39%)

, JPM

JPMorgan

$88.73 /

+4.65 (+5.53%)

, USB

U.S. Bancorp

$33.56 /

+2.35 (+7.53%)

, WFC

Wells Fargo

$27.90 /

+1.67 (+6.37%)

, GS

Goldman Sachs

$155.27 /

+8.2 (+5.58%)

, MS

Morgan Stanley

$36.00 /

+2.155 (+6.37%)

Former Federal Reserve…

Former Federal Reserve Chair Janet Yellen is speaking on CNBC. Publicly traded companies in the space include Bank of America (BAC), Citi (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC).

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Hot Stocks
Yellen says banking system 'much better capitalized' than in 2008 » 10:47
04/06/20
04/06
10:47
04/06/20
10:47
C

Citi

$40.32 /

+2.84 (+7.58%)

, BAC

Bank of America

$20.95 /

+0.92 (+4.59%)

, JPM

JPMorgan

$88.97 /

+4.89 (+5.82%)

, USB

U.S. Bancorp

$33.55 /

+2.34 (+7.50%)

, WFC

Wells Fargo

$27.92 /

+1.69 (+6.44%)

, GS

Goldman Sachs

$155.46 /

+8.39 (+5.70%)

, MS

Morgan Stanley

$36.05 /

+2.205 (+6.51%)

Former Federal Reserve…

Former Federal Reserve Chair Janet Yellen said on CNBC that the banking industry is "much better capitalized" now relative to the crisis in 2018. Publicly traded companies in the space include Bank of America (BAC), Citi (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC).

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Recommendations
Wells Fargo sees information 'void' until banks report earnings next week » 06:59
04/06/20
04/06
06:59
04/06/20
06:59
BAC

Bank of America

$20.03 /

-0.535 (-2.60%)

, C

Citi

$37.48 /

-1.82 (-4.63%)

, CMA

Comerica

$27.37 /

-0.41 (-1.48%)

, FITB

Fifth Third

$13.44 /

-0.84 (-5.88%)

, GS

Goldman Sachs

$147.07 /

-2.87 (-1.91%)

, JPM

JPMorgan

$84.08 /

-1.57 (-1.83%)

, KEY

KeyCorp

$9.07 /

-0.41 (-4.32%)

, MS

Morgan Stanley

$33.85 /

-0.045 (-0.13%)

, PNC

PNC Financial

$85.18 /

-5.42 (-5.98%)

, TFC

Truist Financial

$27.20 /

-1.32 (-4.63%)

, USB

U.S. Bancorp

$31.21 /

-1.5 (-4.59%)

Wells Fargo analyst Mike…

Wells Fargo analyst Mike Mayo tells investors in a research note that there remains an information "void" until large-cap banks report their earnings next week, when he thinks they will meaningfully need to lower expectations. Mayo adds that bank credit losses should increase given worse than previously expected unemployment. He expects most reserve builds in 1H20 and the worst impact in Q2-Q3, but thinks banks will still grow book value, earn their dividend, and generate 10%+ returns in 2H21, implying decent stock upside. The analyst lowered his price target for Bank of America (BAC) to $30 from $32, for Citigroup (C) to $60 from $74, for Comerica (CMA) to $31 from $34, for Fifth Third (FITB) to $16 from $18, for Goldman (GS) to $198 from $210, for JPMorgan (JPM) to $115 from $125, for KeyCorp (KEY) to $11 from $12, for Morgan Stanley (MS) to $40 from $41, for PNC (PNC) to $106 from $114 and for Truist (TFC) to $35 from $40.

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Recommendations
Broker sector has plenty of fundamental challenges, says Wells Fargo » 06:39
04/06/20
04/06
06:39
04/06/20
06:39
ETFC

E-Trade

/

+

, IBKR

Interactive Brokers

$42.60 /

-1.69 (-3.82%)

, LPLA

LPL Financial

$48.71 /

-2.75 (-5.34%)

, RJF

Raymond James

$57.46 /

-2.38 (-3.98%)

, SF

Stifel Financial

$34.97 /

-3.71 (-9.59%)

, AMTD

TD Ameritrade

$34.85 /

-0.77 (-2.16%)

, SCHW

Charles Schwab

$33.61 /

-0.78 (-2.27%)

Wells Fargo analyst…

Wells Fargo analyst Christopher Harris says he is less constructive on Q1 broker results vs. his prior expectation as he factors in weaker equity markets, lower interest rates and higher credit costs among other factors. Group valuations appear attractive, Harris says, adding that he does not think that is reason enough to be positive on this group. The analyst keeps his ratings on the stocks, and lowers his price target for E-Trade (ETFC) to $35 from $45, for Interactive Brokers (IBKR) to $37 from $39, for LPL Financial (LPLA) to $54 from $72, for Raymond James (RJF) to $62 from $81, for Stifel (SF) to $38 from $56, for TD Ameritrade (AMTD) to $36 from $38 and for Charles Schwab (SCHW) to $33 from $38.

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Sunday
Periodicals
U.S. banks to defend dividend payments as pandemic crisis continues, FT reports » 14:08
04/05/20
04/05
14:08
04/05/20
14:08
BAC

Bank of America

$20.03 /

-0.535 (-2.60%)

, C

Citi

$37.48 /

-1.82 (-4.63%)

, JPM

JPMorgan

$84.08 /

-1.57 (-1.83%)

, USB

U.S. Bancorp

$31.21 /

-1.5 (-4.59%)

, WFC

Wells Fargo

$26.23 /

-0.98 (-3.60%)

, GS

Goldman Sachs

$147.07 /

-2.87 (-1.91%)

, MS

Morgan Stanley

$33.85 /

-0.045 (-0.13%)

America's biggest…

America's biggest banks will defend their plans to continue paying dividends in submissions to regulators on Monday, just days after Europe's regulators urged lenders to abandon shareholder payouts while they dealt with the coronavirus pandemic, Financial Times' Laura Noonan reports. U.S. banks' annual capital plans, due to be submitted to the Federal Reserve on Monday, are expected to include proposals to continue paying dividends, reinforcing comments from prominent bank chief executives in recent days, according to people familiar with the matter. Publicly traded companies in the space include Bank of America (BAC), Citi (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC).Reference Link

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Saturday
On The Fly
Week in Review: How Trump's policies moved stocks » 07:29
04/04/20
04/04
07:29
04/04/20
07:29
XOM

Exxon Mobil

$39.20 /

-1.19 (-2.95%)

, CVX

Chevron

$75.15 /

-1.07 (-1.40%)

, NBL

Noble Energy

$6.17 /

-0.12 (-1.91%)

, XEC

Cimarex Energy

$16.85 /

+0.4 (+2.43%)

, FANG

Diamondback Energy

$31.58 /

+2.53 (+8.71%)

, RDS.A

Royal Dutch Shell

$36.24 /

-2.78 (-7.12%)

, RDS.B

Royal Dutch Shell

$34.42 /

-2.36 (-6.42%)

, DVN

Devon Energy

$8.38 /

+0.59 (+7.57%)

, BP

BP

$24.72 /

-1.32 (-5.07%)

, COP

ConocoPhillips

$32.90 /

-0.945 (-2.79%)

, MRO

Marathon Oil

$3.65 /

+0.195 (+5.65%)

, BAC

Bank of America

$20.03 /

-0.535 (-2.60%)

, WFC

Wells Fargo

$26.23 /

-0.98 (-3.60%)

, C

Citi

$37.48 /

-1.82 (-4.63%)

, JPM

JPMorgan

$84.08 /

-1.57 (-1.83%)

, MMM

3M

$133.90 /

-3.96 (-2.87%)

, VMC

Vulcan Materials

$99.66 /

-7.52 (-7.02%)

, EXP

Eagle Materials

$49.80 /

-4.32 (-7.98%)

, GVA

Granite Construction

$14.13 /

-1.4 (-9.01%)

, NUE

Nucor

$35.63 /

-0.38 (-1.06%)

, PWR

Quanta Services

$30.56 /

-0.07 (-0.23%)

, J

Jacobs

$78.99 /

-2.26 (-2.78%)

, MLM

Martin Marietta

$169.65 /

-11.07 (-6.13%)

, DDAIF

Daimler AG

$0.00 /

+ (+0.00%)

, FCAU

Fiat Chrysler

$6.73 /

-0.07 (-1.03%)

, F

Ford

$4.24 /

-0.105 (-2.42%)

, GM

General Motors

$18.03 /

-0.15 (-0.83%)

, HMC

Honda

$19.85 /

-1.05 (-5.02%)

, NSANY

Nissan

$0.00 /

+ (+0.00%)

, TSLA

Tesla

$479.71 /

+25.715 (+5.66%)

, TM

Toyota

$115.08 /

-2.71 (-2.30%)

, VWAGY

Volkswagen

$0.00 /

+ (+0.00%)

Catch up on the top…

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Friday
On The Fly
Fly Intel: Wall Street's top stories for Friday » 16:30
04/03/20
04/03
16:30
04/03/20
16:30
MMM

3M

$133.90 /

-3.96 (-2.87%)

, TSLA

Tesla

$479.71 /

+25.715 (+5.66%)

, BBBY

Bed Bath & Beyond

$3.94 /

+0.385 (+10.83%)

, BAC

Bank of America

$20.03 /

-0.535 (-2.60%)

, JPM

JPMorgan

$84.08 /

-1.57 (-1.83%)

, WFC

Wells Fargo

$26.23 /

-0.98 (-3.60%)

, C

Citi

$37.48 /

-1.82 (-4.63%)

, AMZN

Amazon.com

$1,905.62 /

-11.4 (-0.59%)

, WMT

Walmart

$119.37 /

+0.74 (+0.62%)

, FATE

Fate Therapeutics

$22.94 /

+1.87 (+8.88%)

, JNJ

Johnson & Johnson

$134.13 /

+1.05 (+0.79%)

, INCY

Incyte

$78.69 /

+1.68 (+2.18%)

, MIC

Macquarie Infrastructure

$18.23 /

-5.79 (-24.10%)

, AEHR

Aehr Test Systems

$1.27 /

-0.36 (-22.09%)

, CHWY

Chewy

$33.27 /

-1.995 (-5.66%)

The S&P 500 ended lower…

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Periodicals
Fed unlikely to mandate U.S. big banks suspend dividends, WSJ says » 15:33
04/03/20
04/03
15:33
04/03/20
15:33
BAC

Bank of America

$20.19 /

-0.375 (-1.82%)

, C

Citi

$37.68 /

-1.62 (-4.12%)

, JPM

JPMorgan

$84.10 /

-1.55 (-1.81%)

, USB

U.S. Bancorp

$31.34 /

-1.37 (-4.19%)

, WFC

Wells Fargo

$26.32 /

-0.89 (-3.27%)

, GS

Goldman Sachs

$147.91 /

-2.03 (-1.35%)

, MS

Morgan Stanley

$33.64 /

-0.25 (-0.74%)

U.S. banks will likely be…

U.S. banks will likely be allowed to maintain paying dividends to their shareholders, according to the Wall Street Journal's Andrew Ackerman and Nick Timiraos, citing people familiar with the matter, despite the possibility of the coronavirus pandemic hurting the lenders. This past week, the European Central Bank and the Bank of England "pressured banks to stop using their capital to make dividend payments to shareholders," the Journal noted. Publicly traded companies in the space include Bank of America (BAC), Citi (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC).

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