CSR Initiatives, Tender Offer Update, Redemption of Notes, Appointments, and Notes Offering - Research Reports on Bank of America, Citigroup, JPMorgan Chase, Wells Fargo and W. P. Carey
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NEW YORK, September 30, 2014 /PRNewswire/ --
Today, Analysts Review released its research reports regarding Bank of America Corporation (NYSE: BAC), Citigroup Inc. (NYSE: C), JPMorgan Chase & Co. (NYSE: JPM), Wells Fargo & Company (NYSE: WFC) and W. P. Carey Inc. (NYSE: WPC). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/6861-100free.
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Bank of America Corporation Research Reports
On September 23, 2014, Bank of America Corporation (Bank of America) announced a Catalytic Finance Initiative, which is designed to stimulate at least $10 billion of new investment into high-impact clean energy projects. The initiative aims to make financing of clean energy investments easy, particularly in emerging markets where project impact is often amplified. As part of the initiative, Bank of America will commit $1 billion in capital to investment structures that use a range of de-risking tools, created in conjunction with development finance institutions (DFIs), insurance providers, foundations and institutional investors. Bank of America added that the initiative will target mainly larger-scale financing opportunities that use de-risking structures like first loss and mezzanine tranches, risk guarantees and new insurance products to deploy capital that would not otherwise be deployed in this sector. The full research reports on Bank of America are available to download free of charge at:
http://www.analystsreview.com/Sep-30-2014/BAC/report.pdf
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Citigroup Inc. Research Reports
On September 23, 2014, Citigroup Inc. (Citigroup) announced the applicable Reference Yield and Total Consideration for its cash tender offers for certain notes of the series 5.500% Notes due 2017 and 6.125% Notes due 2018. Citigroup stated that for 5.500% Notes due 2017 the Total Consideration stood at $1,091.35 and Tender Offer Consideration was $1,061.35, while Reference Yield was 1.037%. Citigroup informed that as the aggregate principal amount of the 5.500% Notes due 2017 tendered at or prior to the Early Tender Date exceeded the applicable Maximum Series Tender Cap, Citigroup does not intend to accept for purchase any additional Notes of this series. Citigroup stated that for the 6.125% Notes due 2018 the Total Consideration stood at $1,141.63 and Tender Offer Consideration was $1,111.63, while Reference Yield was 1.764%. Citigroup informed that it will continue to accept for purchase Notes of this series up to the Maximum Series Tender Cap as the aggregate principal amount of the 6.125% Notes due 2018 tendered at or prior to the Early Tender Date did not exceed the Maximum Series Tender Cap. The full research reports on Citigroup are available to download free of charge at:
http://www.analystsreview.com/Sep-30-2014/C/report.pdf
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JPMorgan Chase & Co. Research Reports
On September 18, 2014, JPMorgan Chase & Co. (JPMorgan Chase) announced the redemption of $1.7 billion of its certain series of fixed/floating rate callable subordinated notes. According to the Company, the said redemption is for the notes with CUSIP/ISIN- XS0205436040, redemption date as November 12, 2014, which amounts to €750 million. JPMorgan Chase informed that the other two notes which will be redeemed on October 31, 2014 are: CUSIP/ISIN- XS0246053531 and 46625H CY4 and amounts to $438,000,000 and $287,543,000, respectively. The full research reports on JPMorgan Chase are available to download free of charge at:
http://www.analystsreview.com/Sep-30-2014/JPM/report.pdf
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Wells Fargo & Company Research Reports
On September 22, 2014, Wells Fargo & Company (Wells Fargo) announced that Kim Abello has joined its subsidiary Wells Fargo Bank, N.A.'s Commercial Banking Division to lead its ESOP team nationwide. According to the Company, Ms. Abello will lead a nationwide team of relationship managers specializing in ESOPs, and in partnership with advisors and experts in other Wells Fargo lines of business, her team will help privately-owned businesses transition to an ESOP. The Company added that this unique Wells Fargo partnership will provide ESOP expertise in many areas, including initial ESOP stock purchases, second stage transaction financing, refinancing of seller notes, mergers and acquisitions, and expansion of business operations for ESOP companies. Wells Fargo informed that Ms. Abello has 20 years of experience in corporate finance, and prior to joining the Company she managed ESOPs for the Midwest at J.P. Morgan Chase. The full research reports on Wells Fargo are available to download free of charge at:
http://www.analystsreview.com/Sep-30-2014/WFC/report.pdf
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W. P. Carey Inc. Research Reports
On September 24, 2014, W. P. Carey Inc. (W. P. Carey) announced that it has priced an underwritten public offering of 4,000,000 shares of common stock at a public offering price of $64.00 per share. W. P. Carey added that the Company has granted the underwriters a 30-day option to purchase up to an additional 600,000 shares of its common stock. The offering is expected to settle on September 30, 2014, subject to customary closing conditions. W. P. Carey intends to use the net proceeds from the offering of approximately $245 million (after deducting the underwriting discount and other estimated offering expenses) to repay certain indebtedness, including amounts outstanding under its senior unsecured credit facility, to fund potential future acquisitions and for general corporate purposes. The full research reports on W. P. Carey are available to download free of charge at:
http://www.analystsreview.com/Sep-30-2014/WPC/report.pdf
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