Withdrawn Recommendations (ATSG, AYR, ALLY, A)

General

Effective 8/28/2017, we are withdrawing equity recommendations on Air Transport Services Group, Inc. (ATSG) (BUY), Aircastle Limited (AYR) (Market Perform), Ally Financial Inc. (ALLY) (BUY), Avation PLC (AVAP LN) (BUY), Flagstar Bancorp, Inc. (FBC) (BUY), MBIA Inc. (MBI) (Market Perform), Walter Investment Management Corp. (WAC) (Neutral), Ambac Financial Group, Inc. (AMBC) (SELL), Bank of America Corp. (BAC) (Market Perform), CIT Group Inc. (CIT) (BUY), Navient Corporation (NAVI) (Market Perform), Syncora Holdings Ltd. (SYCRF) (Market Perform), and Synchrony Financial (SYF) (Market Perform). The analyst, Brian Charles, is transitioning to a desk analyst. Please note that you should no longer rely on any previous research or estimates for these companies as they will not be updated. As such, all previous forecasts and recommendations should no longer be relied upon.