Acquisitions, Stock Price Movements, Relief Efforts and Financial Results - Research Report on IntercontinentalExchange, American International Group, Prudential, Qiwi, and China Life Insurance
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NEW YORK, November 22, 2013 /PRNewswire/ --
Today, Analysts' Corner announced new research reports highlighting IntercontinentalExchange Inc. (NYSE: ICE), American International Group Inc. (NYSE: AIG), Prudential Financial Inc. (NYSE: PRU), Qiwi plc (NASDAQ: QIWI), and China Life Insurance Company Ltd. (ADR) (NYSE: LFC). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
IntercontinentalExchange Inc. Research Report
On November 19, 2013, IntercontinentalExchange Group, Inc. (ICE) announced that it has entered into a definitive agreement to acquire 100% of Singapore Mercantile Exchange (SMX) in an all-cash transaction, including the SMX Clearing Corporation (SMXCC) - a wholly owned subsidiary of SMX, and clearing house for all SMX trades. According to ICE, this acquisition will add to the Company's current network of markets and clearing houses in the U.S., Canada, Brazil, the U.K., and continental Europe. Commenting on the acquisition, David Goone, Chief Strategy Officer, ICE, said, "The acquisition of SMX represents an important step in ICE's growth trajectory as we look to expand our customer base and markets in Asia by establishing a local exchange and clearing presence. In recent years, Asia-based trading activity in our benchmark energy and interest rate products has been rising as the region increases in importance in global markets. ICE has had a presence in Singapore for over a decade and today's announcement is a natural evolution of our strategy to further extend our network of markets across the globe." ICE expects the transaction to close by the end of 2013, subject to applicable regulatory approvals and closing conditions. The Full Research Report on IntercontinentalExchange Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
http://www.analystscorner.com/r/full_research_report/b2ba_ICE
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American International Group Inc. Research Report
On November 19, 2013, American International Group Inc.'s (AIG) stock declined 0.37%, ending the day at $48.78. Over the previous three trading sessions, shares of AIG declined 1.07%, compared to the S&P 500 which declined 0.15% during the same period. The Full Research Report on American International Group Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
http://www.analystscorner.com/r/full_research_report/9065_AIG
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Prudential Financial Inc. Research Report
On November 19, 2013, Prudential Financial Inc. (Prudential) announced that it will donate $250,000 to assist in the relief efforts for survivors of Typhoon Haiyan in the Philippines. The Company said that the donation will be given to UNICEF to support their efforts to help support immediate relief efforts, especially for children who have been affected by the disaster. Further, Prudential said that the Company has opened its PRUCares Disaster Relief Fund for employee donations to disaster relief organizations. The Company also informed that its philanthropic foundation, The Prudential Foundation, will match all gifts to qualified organizations on a dollar-for-dollar basis. The Full Research Report on Prudential Financial Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
http://www.analystscorner.com/r/full_research_report/de80_PRU
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Qiwi plc Research Report
On November 19, 2013, Qiwi plc (Qiwi) reported its Q3 2013 financial results. The Company's revenue increased 29.8% YoY to RUB3.0 billion ($92.0 million) during the quarter. Net profit also increased 32.8% YoY to RUB533.3 million ($16.5 million) and diluted profit attributable to equity holders of the parent increased 27.7% YoY to RUB10.27 ($0.32) in Q3 2013. Commenting on the results, Sergey Solonin, QIWI's CEO, said, "We are pleased to report another strong quarter. Our third quarter performance is the result of the continued successful execution of our growth strategy, and the value of our differentiated payments network and solutions to our customers. We remain excited by the many opportunities ahead for QIWI and will continue to invest for long-term growth." The Full Research Report on Qiwi plc - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
http://www.analystscorner.com/r/full_research_report/0217_QIWI
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China Life Insurance Company Ltd. (ADR) Research Report
On November 19, 2013, China Life Insurance Company Ltd.'s (ADR) (China Life) stock rose 3.67%, ending the day at $47.13. Over the previous three trading sessions, shares of China Life gained 18.12% compared to the S&P 500 which declined 0.15% during the same period. The Full Research Report on China Life Insurance Company Ltd. (ADR) - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
http://www.analystscorner.com/r/full_research_report/ec13_LFC
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