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
