Community Day Event, Acquisitions, Conference Calls, Notes Redemption, and Social Cause Events - Analyst Notes on Citi, Blackstone, ICICI Bank, BB&T and Ally Financial
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NEW YORK, June 11, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Citigroup, Inc. (NYSE: C), Blackstone Group (NYSE: BX), ICICI Bank Ltd. (NYSE: IBN), BB&T Corporation (NYSE: BBT) and Ally Financial Inc. (NYSE: ALLY). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/3593-100free.
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Citigroup, Inc. Analyst Notes
On June 7, 2014, Citigroup, Inc. (Citi) announced the celebration of its ninth annual Global Community Day with participation of more than 70,000 Citi volunteers in community service activities to benefit their local communities. According to Citi, the Global Community Day demonstrates the Company's commitment to supporting and improving communities through active engagement in more than 1,200 service projects. The Company stated that Citi colleagues, alumni, family and friends joined together on working in activities focused on local needs, including urban revitalization, literacy and education, housing, environmental conservation, health and human services, and disaster relief, in the days prior to, as well as during the Global Community Day. "Volunteer service is one of the many ways Citi shows its commitment to the communities where we have a presence," said Citi CEO Michael Corbat. "Global Community Day highlights the great work of our community and non-profit partners, and we are excited to join them once again to strengthen our neighborhoods." The full analyst notes on Citi are available to download free of charge at:
http://www.analystsreview.com/Jun-11-2014/C/report.pdf
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Blackstone Group Analyst Notes
On June 6, 2014, the Blackstone Group (Blackstone) announced that a jointly-owned affiliate, managed by Blackstone, of real estate funds managed by Blackstone and of Ivanhoe Cambridge, both acting in concert, has entered into an agreement to purchase 4.35 million shares of Gecina from Metrovacesa before September 30, 2014. Blackstone added that an affiliate of Blackstone has also reached an agreement to acquire 918,799 shares representing 1.46% of Gecina's share capital and voting rights from Metrovacesa SA, which it plans to transfer to a third party that is yet to be identified. According to the Company, these transactions remain subject to the fulfilment of certain conditions precedent in relation to the financial restructuring of Metrovacesa SA. The Company informed that the concert comprised of Blackstone and Ivanhoé Cambridge currently holds 14,476,248 shares of Gecina, which represent 23.03% of Gecina's share capital and voting rights. The full analyst notes on Blackstone are available to download free of charge at:
http://www.analystsreview.com/Jun-11-2014/BX/report.pdf
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ICICI Bank Ltd. Analyst Notes
On June 5, 2014, ICICI Bank Ltd. (ICICI Bank) announced that it has launched an online drawing competition called Creative Masters, which aims to drive contributions for social causes through donation of proceeds from sale of select entries. According to the Company, Creative Masters welcomes participants above four years of age to draw depiction of a social cause of their choice such as education for underprivileged children, support for the elderly, and save girl child. ICICI Bank informed that participants can either send over their entries at http://www.creativemasters.co.in or join Creative Sundays drawing session at any ICICI Bank branch until June 14, 2014. ICICI Bank Executive Director Rajiv Sabharwal commented, "It gives me immense pleasure to be part of the 'Creative Masters' programme which offers the participants the opportunity to support a social cause through their own expression of art. With over 75,000 registrations within the first few weeks of the launch, we believe this initiative has touched a chord with a large number of people." The full analyst notes on ICICI Bank are available to download free of charge at:
http://www.analystsreview.com/Jun-11-2014/IBN/report.pdf
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BB&T Corporation Analyst Notes
On June 5, 2014, BB&T Corporation (BB&T) announced that it will report its Q2 2014 earnings on July 21, 2014, before market opens. The Company informed that it will also conduct a conference call on the same day at 8:00 a.m. ET, to discuss the Q2 2014 results, which will be hosted by its Chairman and CEO Kelly S. King and CFO Daryl N. Bible. The full analyst notes on BB&T are available to download free of charge at:
http://www.analystsreview.com/Jun-11-2014/BBT/report.pdf
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Ally Financial Inc. Analyst Notes
On May 30, 2014, Ally Financial Inc. (Ally Financial) announced that it will exercise its right to redeem all of the Company's 10.30% deferred interest debentures due June 15, 2015. According to the Company, date of redemption will be June 30, 2014 and the holders of Redeemed Notes will receive $2,300.00 of principal amount per note, plus $7,473.07 of interest amount per note. Ally Financial stated that the aggregate principal amount of Redeemed Notes is $9,773.07 for each $10,000.00 of accreted amount per note due at maturity, resulting in total proceeds due of approximately $536.2 million. The full analyst notes on Ally Financial are available to download free of charge at:
http://www.analystsreview.com/Jun-11-2014/ALLY/report.pdf
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