NEW YORK, April 11, 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/992-100free.
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Citigroup Inc. Analyst Notes
On April 7, 2014, Citigroup Inc.
(Citigroup) announced that the Company has entered into an
agreement with 18 institutional investors, represented by Gibbs
& Bruns LLP pertaining to the resolution of certain legacy
Securities and Banking private-label securitization representation
and warranty repurchase claims. According to the terms of the
agreement, Citigroup will make a binding offer to the trustees of
68 Citi-sponsored mortgage securitization trusts to pay
approximately $1.1 billion to the
trusts, plus certain fees and expenses, for which Citigroup is
bearing an additional charge of approximately $100 million in the Q1 2014. Further, if the
agreement is accepted then it would remove the obligation on the
Company to repurchase mortgage loans sold into the trusts, or make
the trusts whole, for outstanding or potential claims for breaches
of representations and warranties on the loans. The full analyst
notes on Citigroup are available to download free of
charge at:
http://www.analystsreview.com/992-C-11Apr2014.pdf
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Bank of America Corp. Analyst Notes
On April 8, 2014, Bank of America
Merrill Lynch, the investment banking and global markets businesses
of Bank of America Corp. (Bank of America) announced that ePayables
- Company's electronic accounts payables solution, has crossed
100,000 enrolled suppliers. Two years back the number of suppliers
enrolled with ePayables were 56,000. According to the Company, the
rise in number of suppliers demonstrates the rise in demand from
buyers and sellers in relation to alternatives to checks and use of
virtual card solutions for processing payments. The Company states
that the biggest reason behind the rise in supplier enrollments is
the help that Bank of America provides to its clients who wish to
set up a virtual card program. Company's ePayables vendor
enrollment specialists work with clients to design and execute
their supplier enrollment strategy. Bank of America expects to
process more than 2.5 million transactions through its ePayables in
2014. The full analyst notes on Bank of America are available to
download free of charge at:
http://www.analystsreview.com/992-BAC-11Apr2014.pdf
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JPMorgan Chase & Co. Analyst Notes
On April 7, 2014, JPMorgan Chase
& Co. (JPMorgan) along with the UK Department for International
Development (DFID) announced their intention to start new
businesses in East Africa through
a new joint investment in Novastar Ventures. The Company informed
that it will provide an initial investment of $5 million, while DFID will invest $15 million, as a part of the first ever Impact
Investment Fund. The Impact Investment Fund is managed by CDC, the
UK's own Development Finance Institution. Further, the investment
will help in development and growth of business stages that will
provide the most basic human needs like healthcare, energy,
housing, education and sanitation to the communities in
East Africa. The full analyst
notes on JPMorgan are available to download free of charge
at:
http://www.analystsreview.com/992-JPM-11Apr2014.pdf
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Wells Fargo & Co. Analyst
Notes
On April 7, 2014, Wells Fargo &
Co. (Wells Fargo) announced the launch of Get College ReadySM
website, a new, interactive online platform that offers a quiz, a
calculator, videos and educational articles aimed at college-going
students and parents. According to the Company, Get College ReadySM
offers a wide array of services, which will help guide student's
transition into college and the development of responsible money
and credit management habits. John
Rasmussen, Head of Wells' Education Financial Services,
said, "The Get College Ready website is a user-friendly interface
that will help bring clarity to the financial milestones that
parents and students face when preparing for college. This tool is
a key ingredient to help them achieve their dream of a higher
education." The full analyst notes on Wells Fargo are available
to download free of charge at:
http://www.analystsreview.com/992-WFC-11Apr2014.pdf
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American International Group Inc. Analyst Notes
On April 4, 2014, American
International Group Inc. (AIG) announced the redemption of all
outstanding 3.000% Notes Due 2015 (Notes) on May 5, 2014. The Company informed that it will
pay the holders a redemption price per $1,000 principal amount of Notes, plus accrued
and unpaid interest without including the redemption date, in
accordance with the agreement related to these notes. Further, the
Notes are part of the Direct Investment book (DIB) and will be
repaid using cash allocated to the DIB. The full analyst notes
on AIG are available to download free of charge at:
http://www.analystsreview.com/992-AIG-11Apr2014.pdf
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EDITOR'S NOTES:
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