Acquisition Announcement, Technical Update, Portfolio Expansion, Appointment, and Upcoming Conference Call - Research Reports on BB&T, Equity Residential, Charles Schwab, Northern Trust and Hartford
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NEW YORK, September 11, 2014 /PRNewswire/ --
Today, Analysts Review released its research reports regarding BB&T Corporation (NYSE: BBT), Equity Residential (NYSE: EQR), Charles Schwab Corp. (NYSE: SCHW), Northern Trust Corporation (NASDAQ: NTRS) and Hartford Financial Services Group Inc. (NYSE: HIG). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/6388-100free.
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BB&T Corporation Research Reports
On September 8, 2014, BB&T Corporation (BB&T) and The Bank of Kentucky Financial Corporation (The Bank of Kentucky) jointly announced the signing of a definitive agreement under which BB&T will acquire The Bank of Kentucky in a cash and stock transaction for total consideration valued at approximately $363 million. Under the terms of the agreement, which was approved by the Board of Directors of each company, shareholders of The Bank of Kentucky will receive 1.0126 shares of BB&T common stock and $9.40 of cash for each share of The Bank of Kentucky common stock. Based on BB&T's 14-day average closing price of $37.13 as of September 4, 2014, shareholders of The Bank of Kentucky will receive $47.00 per share. The Company expects this acquisition will have a positive impact on its first full-year EPS and will exceed its IRR hurdle. In addition, the acquisition will help establish the Company's presence in Northern Kentucky / Cincinnati market. The transaction is subject to customary closing conditions including regulatory approvals and approval of The Bank of Kentucky shareholders. The full research reports on BB&T are available to download free of charge at:
http://www.analystsreview.com/Sep-11-2014/BBT/report.pdf
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Equity Residential Research Reports
On September 8, 2014, Equity Residential stock gained 0.58% to close the trading session at $67.65, creating a new 52-week high of $67.91. Shares in Equity Residential opened the session at $67.42 and fluctuated between intra-day low of $67.28 and intra-day high of $67.91, with 2.14 million shares changing hands. Over the past three months, the stock has strengthened 9.61% compared to S&P 500 that gained 2.58% over the same period of time. The full research reports on Equity Residential are available to download free of charge at:
http://www.analystsreview.com/Sep-11-2014/EQR/report.pdf
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Charles Schwab Corp. Research Reports
On September 8, 2014, Charles Schwab Corp. (Charles Schwab) reported that the Company's subsidiary Charles Schwab Investment Management, Inc. (CSIM) intends to expand its index mutual fund portfolio with the launch of the Schwab Fundamental Global Real Estate Index Fund (SFREX). The Company informed that the new fund will track the Russell Fundamental Global Select Real Estate Index. Further, the new fund (SFREX) is expected to have a net operating expense ratio of 0.49% and is available for a $100 minimum investment. In addition, the subscription period for this fund started on September 8, 2014 and will continue up to October 21, 2014. Anthony Davidow, Alternative Beta and Asset Allocation Strategist, at the Schwab Center for Financial Research, said, "Global real estate represents a valuable addition to a diversified asset allocation model and has historically delivered strong performance, attractive yields, and diversification benefits relative to traditional investments." The full research reports on Charles Schwab are available to download free of charge at:
http://www.analystsreview.com/Sep-11-2014/SCHW/report.pdf
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Northern Trust Corporation Research Reports
On September 2, 2014, Northern Trust Corporation (Northern Trust) announced the appointment of John Krieg as the Global Head of Institutional Distribution at Northern Trust Asset Management, a newly created role to lead the development and implementation of investment solutions for clients spanning regions and markets. The Company informed that John Krieg was previously located in London as Managing Director for Asset Management for the EMEA (Europe, Middle East and Africa) region. Jason J. Tyler, Global Head of Client Solutions, said, "This new role enables John Krieg to build on the global momentum we have established with our investment solutions. Engineered Equity, Defined Contribution Solutions and Outsourced Chief Investment Officer services are all core to our growth strategy and John's background is ideal for this effort." The Company stated that its Asset Management comprises of Northern Trust Investments, Inc., Northern Trust Global Investments Limited, Northern Trust Global Investments Japan, K.K., NT Global Advisors, Inc. and investment personnel of The Northern Trust Company of Hong Kong Limited and The Northern Trust Company. The full research reports on Northern Trust are available to download free of charge at:
http://www.analystsreview.com/Sep-11-2014/NTRS/report.pdf
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Hartford Financial Services Group Inc. Research Reports
Hartford Financial Services Group Inc. (Hartford) posted under the Events and Presentations section on its official website that the Company will host its Q3 2014 earnings conference call on October 28, 2014 at 9:00 a.m. ET. According to Bloomberg Businessweek's analysts, the Company is expected to report Q3 2014 EPS of $0.78 on revenues of $4.7 billion. The full research reports on Hartford are available to download free of charge at:
http://www.analystsreview.com/Sep-11-2014/HIG/report.pdf
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