Citi downgrades Voya to neutral, says financial stock lacks catalysts to catch up to its peers

cnbc2021-06-17

Voya Financial has lagged behind other financial stocks this year and it’s not clear how it can catch up, according to Citi. The investment and insurance stock has risen 8.8% year to date, ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Chong135
2021-06-17
Chong135
Ok
iShallProspr
2021-06-17
iShallProspr
Leaving comments
iShallProspr
2021-06-17
iShallProspr
Ok
Suet79
2021-06-17
Suet79
G
xoxoll
2021-06-17
xoxoll
Help me like and comment
Kencana
2021-06-17
Kencana
Great
- Kristo:
  thanks
- Kencana:
  Comment please
- SunnyBoyz:
  Ok

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1114669610?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2021-06-17 19:10","share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","id":"1114669610","market":"us","top_or_hot":-1,"title":"Citi downgrades Voya to neutral, says financial stock lacks catalysts to catch up to its peers","media":"cnbc","content":"<div>\n<p>Voya Financial has lagged behind other financial stocks this year and it’s not clear how it can catch up, according to Citi.\nThe investment and insurance stock has risen 8.8% year to date, ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/17/voya-stock-downgrade-neutral-citi.html\">Source Link</a>\n\n</div>\n","source":"cnbc_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Citi downgrades Voya to neutral, says financial stock lacks catalysts to catch up to its peers</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCiti downgrades Voya to neutral, says financial stock lacks catalysts to catch up to its peers\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-17 19:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/17/voya-stock-downgrade-neutral-citi.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Voya Financial has lagged behind other financial stocks this year and it’s not clear how it can catch up, according to Citi.\nThe investment and insurance stock has risen 8.8% year to date, ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/17/voya-stock-downgrade-neutral-citi.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"VOYA","symbol_name":"Voya Financial, Inc.","start_time":0,"source_url":"https://www.cnbc.com/2021/06/17/voya-stock-downgrade-neutral-citi.html","article_id":"1114669610","we_media_id":null,"thumbnails":[],"rights":{"source":"cnbc_highlight","url":"https://www.cnbc.com/2021/06/17/voya-stock-downgrade-neutral-citi.html","rn_cache_url":null,"customStyle":"body{padding-top:10px;}.ArticleHeader-headline{#titleStyle#}a{#lv2TextColor#}.ArticleHeader-time, .Author-authorNameAndSocial a{#sourceStyle#;}","selectors":".PageBuilder-pageWrapper","filters":".ArticleHeader-eyebrow, .RelatedTags-relatedTags","directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=1114669610","pubTimestamp":1623928247,"sourceInfo":{"source_id":"cnbc_highlight","name":"CNBC"},"weMediaInfo":null,"summary":"Voya Financial has lagged behind other financial stocks this year and it’s not clear how it can catc","collect":0,"end_time":0,"defaultTopTitle":"cnbc.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"VOYA":"Voya Financial, Inc."},"translate_title":"花旗将Voya评级下调至中性，称金融股缺乏追赶同行的催化剂","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"VOYA":0.9},"content_text":"Voya Financial has lagged behind other financial stocks this year and it’s not clear how it can catch up, according to Citi.\nThe investment and insurance stock has risen 8.8% year to date, underperforming the broader market and financial stocks. Shares have been flat over the past three months, while theSPDR Select Financial Sector ETFhas gained 8%.\nAnalyst Suneet Kamath downgraded the stock to neutral from buy, saying in a note to clients on Thursday that Voya had a lack of catalysts and “low hanging fruit” to boost shares.\n“We feel the VOYA story going forward will be more reliant on top-line growth, which could prove more challenging ahead given pressure on the Wealth Solutions and Investment Management units,” the note said.\nThe growth that Voya has generated in recent years doesn’t seem likely to drive continued strong performance going forward, Citi said.\n“Since 2018, we estimate that most of the normalized earnings growth came from Health Solutions, its smallest segment, and a lower Corporate loss, as Wealth Solutions and Investment Management have not grown materially, despite mostly positive flows and a tailwind from strong equity markets,” the note said.\nThe biggest risk to this downgrade, Citi said, is another company acquiring Voya. The firm trimmed $1 off of its price target on Voya to $72 per share, which is 12.5% above where the stock closed on Wednesday.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":161272708,"gmtCreate":1623932246304,"gmtModify":1703823794936,"author":{"id":"3578357426454921","authorId":"3578357426454921","name":"Chong135","avatar":"https://static.tigerbbs.com/1c56125729fc95aa1f1d4e0cfc2edea1","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3578357426454921","authorIdStr":"3578357426454921"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/161272708","repostId":1114669610,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":161271384,"gmtCreate":1623932063148,"gmtModify":1703823790688,"author":{"id":"3574561301552961","authorId":"3574561301552961","name":"iShallProspr","avatar":"https://static.tigerbbs.com/ed154a2657baa0912568681d6caf43e4","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3574561301552961","authorIdStr":"3574561301552961"},"htmlText":"Leaving comments&nbsp;","listText":"Leaving comments&nbsp;","text":"Leaving comments","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/161271384","repostId":1114669610,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":161273544,"gmtCreate":1623932037388,"gmtModify":1703823790039,"author":{"id":"3574561301552961","authorId":"3574561301552961","name":"iShallProspr","avatar":"https://static.tigerbbs.com/ed154a2657baa0912568681d6caf43e4","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3574561301552961","authorIdStr":"3574561301552961"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/161273544","repostId":1114669610,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":161245568,"gmtCreate":1623931615454,"gmtModify":1703823784540,"author":{"id":"3583389578129719","authorId":"3583389578129719","name":"Suet79","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3583389578129719","authorIdStr":"3583389578129719"},"htmlText":"G","listText":"G","text":"G","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/161245568","repostId":1114669610,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":161257448,"gmtCreate":1623931173584,"gmtModify":1703823773542,"author":{"id":"3572249185724220","authorId":"3572249185724220","name":"xoxoll","avatar":"https://static.tigerbbs.com/8ed65c2962af2a6fbd414f4d6fe9e378","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3572249185724220","authorIdStr":"3572249185724220"},"htmlText":"Help me like and comment&nbsp;","listText":"Help me like and comment&nbsp;","text":"Help me like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/161257448","repostId":1114669610,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":161224912,"gmtCreate":1623930283536,"gmtModify":1703823758430,"author":{"id":"3580435285853971","authorId":"3580435285853971","name":"Kencana","avatar":"https://static.tigerbbs.com/d5da0f3d018441c0cf9337b491f6d15a","vip":1,"crmLevel":4,"crmLevelSwitch":1,"idStr":"3580435285853971","authorIdStr":"3580435285853971"},"htmlText":"Great","listText":"Great","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/161224912","repostId":1114669610,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4839976,"gmtCreate":1623934711502,"gmtModify":1663229161633,"authorId":3557634928383187,"author":{"id":3557634928383187,"idStr":"3557634928383187","authorId":3557634928383187,"name":"Kristo","avatar":"https://static.tigerbbs.com/07075676425d47f31685477722d0d415","vip":1,"crmLevel":7,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":161224912,"type":1,"supId":0,"prevId":0,"content":"thanks","text":"thanks","html":"thanks"},{"id":4838978,"gmtCreate":1623930305782,"gmtModify":1663229156733,"authorId":3580435285853971,"author":{"id":3580435285853971,"idStr":"3580435285853971","authorId":3580435285853971,"name":"Kencana","avatar":"https://static.tigerbbs.com/d5da0f3d018441c0cf9337b491f6d15a","vip":1,"crmLevel":4,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":161224912,"type":1,"supId":0,"prevId":0,"content":"Comment please","text":"Comment please","html":"Comment please"},{"id":4838984,"gmtCreate":1623930332757,"gmtModify":1635313730230,"authorId":3581761553455766,"author":{"id":3581761553455766,"idStr":"3581761553455766","authorId":3581761553455766,"name":"SunnyBoyz","avatar":"https://static.tigerbbs.com/08065fda7a858dc38bec2e41d6acaf71","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":161224912,"type":1,"supId":4838978,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"}],"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":34,"commentSize":19,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1114669610"}