NEW YORK, April 3, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding
Citigroup Inc. (NYSE: C), Bank of America Corp. (NYSE: BAC),
JPMorgan Chase & Co. (NYSE: JPM), Wells Fargo & Co. (NYSE:
WFC), and American International Group Inc. (NYSE: AIG). Private
wealth members receive these notes ahead of publication. To reserve
complementary membership, limited openings are available at:
http://www.AnalystsReview.com/register
--
Citigroup Inc. Analyst Notes
On March 27, 2014, Citigroup Inc.
(Citigroup) announced the redemption in whole of three series of
its trust preferred securities. The redeemed securities are: 6.000%
TRUPS® issued by Citigroup Capital IX for $25 plus $0.31250
in accumulated and unpaid distributions, 6.000% TRUPS® issued by
Citigroup Capital XI for $25 plus
$0.12917 in accumulated and unpaid
distributions, and 6.35% Enhanced TRUPS® issued by Citigroup
Capital XVII for $25 plus
$0.18962 in accumulated and unpaid
distributions. The Company has decided April
28, 2014 to be the redemption date for the above mentioned
series. According to the Company, the recently announced
redemptions are in accordance with the Company's liability
management strategy, and reflect the Company's strategy to improve
the efficiency of its funding and optimize its capital structure
under Basel III. In addition, the redemptions will not have any
impact on the Company's Basel III Tier 1 Common capital and related
estimated Tier 1 Common ratio. The full analyst notes on Citigroup
Inc. are available to download free of charge at:
http://www.AnalystsReview.com/04032014/C/report.pdf
--
Bank of America Corp. Analyst Notes
On March 26, 2014, Bank of America
Corp. (Bank of America) announced that the Company plans to
increase its quarterly common stock dividend to $0.05 per share, beginning Q2 2014. In addition,
the Company's Board has also approved a new $4.0 billion common stock buyback program. The
new buyback program includes common stock and warrants and is a
replacement of previous repurchase program that expired on
March 31, 2014. The Company informed
that the Federal Reserve Board has completed its 2014 Comprehensive
Capital Analysis and Review and has no objection to the Company's
capital plans. Commenting on the capital distribution plans,
Brian Moynihan, CEO, Bank of
America, said, "We know that increasing the common dividend is
important to our shareholders and we are pleased that we can
continue to return excess capital through both repurchases and
dividends." The full analyst notes on Bank of America Corp. are
available to download free of charge at:
http://www.AnalystsReview.com/04032014/BAC/report.pdf
--
JPMorgan Chase & Co. Analyst Notes
On April 1, 2014, JPMorgan Chase
& Co. (JPMorgan), along with the Institute for Public Policy
Research (IPPR), announced the launch of New Skills at Work
initiative in Europe with an
initial investment of $30 million.
According to the Company, this initiative is a three-year program
that will focus on issues related to unemployment through macro
strategies and specific innovations to increase job creation,
expand labor market participation and develop the skilled workforce
for the future in the UK and Europe. In addition to its partnership
with IPPR, JPMorgan will work with organizations like Catch22,
Participle, Social Mobility Foundation, The Sutton Trust, and
TimeWise Foundation to address the issues related to unemployment.
The full analyst notes on JPMorgan Chase & Co. are available to
download free of charge at:
http://www.AnalystsReview.com/04032014/JPM/report.pdf
--
Wells Fargo & Co.
Analyst Notes
On March 27, 2014, Wells Fargo
& Co. (Wells Fargo) announced that businesses in the US have
deposited more than $1 billion with
the Company using the Commercial Electronic Office, or CEO Mobile®
Deposit service. According to the Company, the CEO Mobile iPhone
application is available for free and can be used by customers
through an iPhone or iPad to quickly scan and deposit checks and
money orders conveniently and securely, which speeds up the flow of
cash. Secil Watson, Head of Wells
Fargo Wholesale Internet Solutions, commented, "Our CEO Mobile
services are essential for these companies. For people who are
always on the go or out of the office, mobile deposit capability is
a major asset because it does something huge: it eliminates the
time spent driving to the bank or the office to make deposits." The
full analyst notes on Wells Fargo & Co. are available to
download free of charge at:
http://www.AnalystsReview.com/04032014/WFC/report.pdf
--
American International Group Inc. Analyst Notes
On March 31, 2014, American
International Group Inc. (AIG) announced the launch of Elite Index
II® life insurance. According to the Company, Elite Index II® is an
economical universal life insurance cover with simplified
guarantees, an option of chronic illness accelerated benefit rider,
increased cap rate of 13%, and higher participation rate of 70%,
which is a better option in a well-performing market. Further,
Elite Index II comes with the Accelerated Access SolutionSM, an
innovative rider that provides policy holders the option to
accelerate the death benefit, income tax free in the event of a
chronic illness if all criteria are fulfilled. Commenting on this
new product, James A. Mallon,
President, Life Insurance, AIG Global Consumer Insurance, said,
"We've designed Elite Index II to be not only a smart choice for
our distribution partners to sell, but also a smart solution for
many consumers to buy, as it offers upside potential and downside
protection." The full analyst notes on American International Group
Inc. are available to download free of charge at:
http://www.AnalystsReview.com/04032014/AIG/report.pdf
--
About Analysts Review
We provide our members with a simple and reliable way to leverage
our economy of scale. Most investors do not have time to track all
publicly traded companies, much less perform an in-depth review and
analysis of the complexities contained in each situation. That's
where Analysts Review comes in. We provide a single unified
platform for investors' to hear about what matters. Situation
alerts, moving events, and upcoming opportunities.
--
=============
EDITOR NOTES:
- This is not company news. We are an independent source and our
views do not reflect the companies mentioned.
- Information in this release is fact checked and produced on a
best efforts basis and reviewed by Ananya
Ghosh, a CFA charterholder. However, we are only human and
are prone to make mistakes. If you notice any errors or omissions,
please notify us below.
- This information is submitted as a net-positive to companies
mentioned, to increase awareness for mentioned companies to our
subscriber base and the investing public.
- If you wish to have your company covered in more detail by our
team, or wish to learn more about our services, please contact us
at pubco [at] AnalystsReview.com.
- For any urgent concerns or inquiries, please contact us
at compliance [at] AnalystsReview.com.
- Are you a public company? Would you like to see similar
coverage on your company? Send us a full investors' package to
research [at] AnalystsReview.com for consideration.
COMPLIANCE PROCEDURE
Content is researched, written and reviewed on a best-effort
basis. This document, article or report is prepared and authored by
Analysts Review. An outsourced research services provider
represented by Ananya Ghosh, CFA,
has only reviewed the information provided by Analysts Review in
this article or report according to the Procedures outlined by
Analysts Review. Analysts Review is not entitled to veto or
interfere in the application of such procedures by the outsourced
provider to the articles, documents or reports, as the case may
be.
NOT FINANCIAL ADVICE
Analysts Review makes no warranty, expressed or implied, as to
the accuracy or completeness or fitness for a purpose (investment
or otherwise), of the information provided in this document. This
information is not to be construed as personal financial advice.
Readers are encouraged to consult their personal financial advisor
before making any decisions to buy, sell or hold any securities
mentioned herein.
NO WARRANTY OR LIABILITY ASSUMED
Analysts Review is not responsible for any error which may be
occasioned at the time of printing of this document or any error,
mistake or shortcoming. No liability is accepted by Analysts Review
whatsoever for any direct, indirect or consequential loss arising
from the use of this document. Analysts Review expressly disclaims
any fiduciary responsibility or liability for any consequences,
financial or otherwise arising from any reliance placed on the
information in this document. Analysts Review does not (1)
guarantee the accuracy, timeliness, completeness or correct
sequencing of the information, or (2) warrant any results from use
of the information. The included information is subject to change
without notice.
CFA® and Chartered Financial Analyst® are registered trademarks
owned by CFA Institute.
AnalystsReview.com
SOURCE Analysts Review