Business Highlights from Financial Sector: Complementary Research on Regions Financial, Itau Unibanco, Wells Fargo, Banco Bradesco and Pfizer
NEW YORK, May 7, 2015 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Moments ago, Analysts Review released new research updates concerning several important developing situations including Regions Financial Corporation (NYSE: RF), Itau Unibanco Holding S.A. (NYSE: ITUB), Wells Fargo & Company (NYSE: WFC), Banco Bradesco S.A. (NYSE: BBD), and Pfizer Inc. (NYSE: PFE). Analysts Review provides a single unified platform for investors' to hear about what matters - proudly employing registered CFA® research staff and rigorous compliance procedures. The full research reports are being made available to the public for informational purposes only.
To access our full PDF reports on a complementary basis, please visit the links below.
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Today's update concerns the following companies:
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Full PDF Download Links (you may have to copy and paste the following links into your browser):
RF Research Report: ( http://get.analystsreview.com/pdf/?c=Regions%20Financial&d=07-May-2015&s=RF ),
ITUB Research Report: ( http://get.analystsreview.com/pdf/?c=Itau%20Unibanco%20Holding&d=07-May-2015&s=ITUB ),
WFC Research Report: ( http://get.analystsreview.com/pdf/?c=Wells%20Fargo&d=07-May-2015&s=WFC ),
BBD Research Report: ( http://get.analystsreview.com/pdf/?c=Banco%20Bradesco&d=07-May-2015&s=BBD ),
PFE Research Report: ( http://get.analystsreview.com/pdf/?c=Pfizer&d=07-May-2015&s=PFE ).
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Analyst Update: Dividend Declaration, Earnings Updates, Growth Strategy and Acquisition
U.S. stocks closed lower on Wednesday after Federal Reserve Chairwoman Janet Yellen warned investors over elevated valuations of U.S stocks and associated potential risks. The Dow Jones Industrial Average fell 0.48%, to close at 17,841.98, the S&P 500 fell 0.45%, to 2,080.15, and the NASDAQ Composite ended the session at 4,919.64, down 0.40%. Reflecting Janet Yellen's statement, European stocks saw only a modest gain on Wednesday. Germany's DAX 30 gained 0.20%, France's CAC 40 rose 0.15%, and the London's FTSE 100 closed only 0.09% higher on Wednesday. Meanwhile, Asian markets faltered again on Wednesday, depressed by weak earnings in Australia and disappointing U.S. economic data. The Shanghai Composite, Australia's S&P ASX and South Korea's KOSPI all closed lower on Wednesday.
On April 23, 2015, the Board of Regions Financial Corporation declared a quarterly cash dividend of $0.06 per common share and authorized an equity repurchase program for up to $875 million of the company's common stock. The quarterly cash dividend of $0.06 per common share is payable July 1, 2015, to stockholders of record at the close of business on June 12, 2015.
On May 5, 2015, Itaú Unibanco Holding SA, Brazil's largest bank by market value, reported a Q1 FY15 recurring net income of R$5.81 billion. The rise represented a 28.2% increase over the recurring net income for Q1 FY14 as well as a rise of 2.6% over Q4 FY14.
On April 29, 2015, the Wall Street Journal reported that Wells Fargo & Co. is looking to bolster its insurance division as low interest rates erode the profitability of its lending businesses. This comes just a few years after the bank cut down certain parts of its insurance business. It has hired or reallocated around 50 executives to the business in recent months in an effort to build relationships with the bank's existing middle-market clients, among others.
Banco Bradesco announced its Q1 FY15 results on April 29, 2015. Adjusted net Income for the quarter stood at R$ 4.274 billion, a 23.1% increase over the figure reported in Q1 FY14. This corresponds to EPS of R$ 3.21 and adjusted ROE of 22.3%. Total Assets, in March 2015, stood at R$ 1.035 trillion, an increase of 12.2% over the March 2014 balance.
On April 30, 2015, Reuters reported that Pfizer Inc. has made a preliminary offer to buy Swedish Orphan Biovitrum AB, citing people with knowledge of the situation. The Swedish company, known as Sobi, has a market value of 35.8 billion Swedish crowns ($4.3 billion).
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Editor Note: This is not company news. We are an independent source and our views do not reflect the companies mentioned.
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