Capital Restructuring Plans, Upcoming Investors Conferences, Elected Directors, Charitable Contributions, and Appointments - Analyst Notes on Comerica, First Republic, TD, RBC, and CNB
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NEW YORK, April 9, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Comerica Incorporated (NYSE: CMA), First Republic Bank (NYSE: FRC), The Toronto-Dominion Bank (NYSE: TD), Royal Bank of Canada (NYSE: RY) and City National Bank (NYSE: CYN). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.AnalystsReview.com/register
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Comerica Incorporated Analyst Notes
On March 26, 2014, Comerica Incorporated (Comerica) reported that following the Federal Reserve's completion of its 2014 Comprehensive Capital Analysis and Review (CCAR), the Federal Reserve did not object to the Comerica capital plan and capital distributions deliberated in the plan. Comerica stated that the Company's capital plan provides for at least $236 million in share repurchases for the four-quarter period beginning in Q2 2014 and ending in Q1 2015. The Company added that the capital plan includes the authority to redeem $150 million of subordinated notes due by 2024 when callable at par later this year. Ralph W. Babb Jr., Chairman and CEO, commented, "Our ability to execute our plan reaffirms our company's consistent, conservative approach to relationship banking that has been proven throughout the economic cycle. We remain focused on providing a good return to shareholders while maintaining our strong capital ratios." The full analyst notes on Comerica Incorporated are available to download free of charge at:
http://www.AnalystsReview.com/04092014/CMA/report.pdf
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First Republic Bank Analyst Notes
On April 2, 2014, First Republic Bank (First Republic) reported that it will release its Q1 2014 results before the market opens on Wednesday, April 16, 2014. The Company informed that it will host a conference call to review the results on the same day at 11:00 a.m. PT (2:00 p.m. ET). First Republic stated that the live broadcast of the call and its replay for 90 days will be accessible through the Investor Relations section of the Company website. The Company added that the replay of the call will also be available for 90 days at the First Republic website. The full analyst notes on First Republic Bank are available to download free of charge at:
http://www.AnalystsReview.com/04092014/FRC/report.pdf
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The Toronto-Dominion Bank Analyst Notes
On April 3, 2014, The Toronto-Dominion Bank (TD) reported that the nominees listed in the management proxy circular dated February 20, 2014 were elected as Directors of TD. According to the Company, the following 16 nominees who were proposed by management were elected as a director of TD: William E. Bennett, John L. Bragg, Amy W. Brinkley, W. Edmund Clark, Colleen A. Goggins, David E. Kepler, Henry H. Ketcham, Brian M. Levitt, Alan N. MacGibbon, Harold H. MacKay, Karen E. Maidment, Bharat B. Masrani, Irene R. Miller, Nadir H. Mohamed, Wilbur J. Prezzano, and Helen K. Sinclair. The full analyst notes on The Toronto-Dominion Bank are available to download free of charge at:
http://www.AnalystsReview.com/04092014/TD/report.pdf
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Royal Bank of Canada Analyst Notes
On April 3, 2014, Royal Bank of Canada (RBC) announced, the Company is donating $500,000 from the RBC Foundation to the Canadian Museum of Immigration at Pier 21. According to RBC, more than 1 million people entered Canada via Pier 21 in Halifax between 1928 and 1971 and the donation aims to help in launching the Canada: Day 1 Travelling Exhibition and Community Outreach Program. RBC stated that this exhibition from Canada's newest national museum will show visitors a poignant living history experience along with displays of personal stories, original artworks and archive images. Gord Nixon, CEO, RBC, commented, "People often come to our country because they are driven by the dream of a better life. As a result, Canada is one of the most ethnically diverse countries in the world. Our diverse population is both a unique strength and a critical component of our economic success and why RBC is proud to support this important initiative." Marie Chapman, CEO of the Canadian Museum of Immigration at Pier 21, added, "This gift comes at a defining moment in our evolution as a new national museum and will allow us to expand our reach in communities across the country and deepen our impact on the lives of Canadians." The full analyst notes on Royal Bank of Canada are available to download free of charge at:
http://www.AnalystsReview.com/04092014/RY/report.pdf
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City National Bank Analyst Notes
On April 1, 2014, City National Bank (CNB) welcomed Michael R. Walker as Executive Vice President and Regional Executive of its growing Bay Area region. According to the Company, Walker will spearhead City National's commercial banking activities of the Bay Area. CNB stated that Walker will also become a part of CNB's 21-member Executive Committee. The Company informed that Walker succeeds Robert Brant, who retired from the Company in 2013. Christopher Warmuth, President of City National Bank, commented, "We're delighted that Michael will lead the continued growth of our Northern California operations. City National is a leading lender to the Bay Area's business community, and Michael is committed to helping local companies succeed." The full analyst notes on City National Bank are available to download free of charge at:
http://www.AnalystsReview.com/04092014/CYN/report.pdf
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