Acquisitions, Conference Schedules, New Operations, Appointments, and Technical Updates - Analyst Notes on MasterCard, American Express, State Street, Zillow and BNY Mellon
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NEW YORK, May 23, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding MasterCard Incorporated (NYSE: MA), American Express Company (NYSE: AXP), State Street Corp. (NYSE: STT), Zillow, Inc. (NASDAQ: Z) and The Bank of New York Mellon Corporation (NYSE: BK). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/2849-100free.
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MasterCard Incorporated Analyst Notes
On May 19, 2014, MasterCard Incorporated (MasterCard) announced that it has entered into an agreement with Opus Software Solutions Pvt. Ltd. (Opus) to acquire its subsidiary, ElectraCard Services Private Limited (ECS). According to MasterCard, the transaction is anticipated to close in Q2 2014. Additionally, the Company stated that its acquisition of ECS extends its product offerings and adds to the Company's turnkey issuing processing, acquiring processing, and switching solutions. MasterCard President of Asia/Pacific, Middle East and Africa, Vicky Bindra commented, "The acquisition of ECS strengthens our capabilities and enables us to offer a true end-to-end solution for our customers. ECS's expertise complements MasterCard's products and services, making us an even stronger player in the field of processing and switching. We welcome ECS and its talented team into the MasterCard family, and we look forward to working alongside them." The full analyst notes on MasterCard are available to download free of charge at:
http://www.analystsreview.com/2849-MA-23May2014.pdf
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American Express Company Analyst Notes
On May 15, 2014, American Express Company (American Express) announced that Company President Edward P. Gilligan, will participate in the Sanford Bernstein's 30th Annual Strategic Decisions Conference in New York City. According to the Company, the Conference is scheduled on May 29, 2014, at 2:00 p.m. ET. Additionally, the Company stated that Gilligan will also participate in a Question and Answer session on the Company's business strategy and results. American Express added that a live audio webcast will be made available through the Company's website, along with an audio replay which will be made available after the event. The full analyst notes on American Express are available to download free of charge at:
http://www.analystsreview.com/2849-AXP-23May2014.pdf
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State Street Corp. Analyst Notes
On May 8, 2014, State Street Corp. (State Street) announced the launch of the Company's transfer agency operations in Taiwan and the appointment of Sunny Yang as Head of the Taiwan Transfer Agency operations based in Taipei. According to the Company, its Taipei branch will provide transfer agency services on a Business Process Outsourcing (BPO) basis to Securities Investment Trust Enterprise (SITE). Additionally, the Company stated that Sunny Yang will be responsible for day-to-day operations, including the resource management of teams involved with client servicing and monitoring operational risk and regulatory framework. General Manager and Head of State Street Global Services Taiwan, Ilona Chen, commented, "We see great potential for the transfer agency business here given that Taiwan is the source of the majority of assets coming into UCITs products in the region." The full analyst notes on State Street are available to download free of charge at:
http://www.analystsreview.com/2849-STT-23May2014.pdf
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Zillow, Inc. Analyst Notes
On May 20, 2014, Zillow, Inc.'s (Zillow) stock decreased 3.19% to close at $107.00. Over the previous six month trading period, the Company's stock went up by 46.62% compared to the Nasdaq Composite which went up by 4.48%, during the same trading period. The Street reported that the Gurley J William, a Director at Zillow, sold 25,539 shares of the Company at $105.08 on May 19, 2014, reducing his stake by 25.97%. The full analyst notes on Zillow are available to download free of charge at:
http://www.analystsreview.com/2849-Z-23May2014.pdf
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The Bank of New York Mellon Corporation Analyst Notes
On May 20, 2014, The Bank of New York Mellon Corporation's (BNY Mellon) stock slipped by 0.06%, closing at $34.08. Over the past five-day trading period, the Company's stock declined by 2.24%, compared to the Dow Jones Industrial Average which went down by 2.04% during the same trading period. On the same day, The Wall Street Journal reported that BNY Mellon confirmed that it is exploring a potential sale of its corporate trust business and also plans to will take a severance charge between $80 million and $100 million for the current quarter to reduce staffing and simplify and automate its processes. The full analyst notes on BNY Mellon are available to download free of charge at:
http://www.analystsreview.com/2849-BK-23May2014.pdf
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