Daily Wall Street Deals: New Research on Citigroup, JPMorgan, BP Plc, RPX and Stryker
Editor Note: For more information about this release, please scroll to bottom.
NEW YORK, December 26, 2014 /PRNewswire/ --
Moments ago, Analysts Review released new research updates concerning several important developing situations including Citigroup (NYSE: C), JPMorgan (NYSE: JPM), BP Plc (NYSE: BP), RPX (NASDAQ: RPXC), and Stryker (NYSE: SYK). 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):
C Research Report: ( http://get.analystsreview.com/pdf/?c=Citi&d=26-Dec-2014&s=C ),
JPM Research Report: ( http://get.analystsreview.com/pdf/?c=JPMorgan&d=26-Dec-2014&s=JPM ),
BP Research Report: ( http://get.analystsreview.com/pdf/?c=BP%20Plc&d=26-Dec-2014&s=BP ),
RPXC Research Report: ( http://get.analystsreview.com/pdf/?c=RPX&d=26-Dec-2014&s=RPXC ),
SYK Research Report: ( http://get.analystsreview.com/pdf/?c=Stryker&d=26-Dec-2014&s=SYK ).
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Analyst Update: Investments, Mergers and AcquisitionsDeals
Reviewed by: Rohit Tuli, CFA®
The U.S. markets on Wednesday ended mostly higher as a steeper-than-expected drop in the weekly jobless claims kept the investors' mood positive. The number of people who applied for U.S. unemployment-insurance benefits declined by 9,000 to 280,000 in the week ended December 20, 2014, a seven-week low and only modestly above a 14-year low. During the session, the Dow Jones Industrial Average gained 0.03%, S&P 500 declined 0.01%, and the Nasdaq Composite advanced 0.17%. The European market ended the session on a mixed note as data of British workers' productivity highlighted a long-awaited improvement in the third quarter of this year, highlighting how Britain has managed to avoid the worst of the economic slump afflicting the euro zone. The Asian markets too ended mixed following a sharp run-up in recent days as strong U.S. data propelled Wall Street stocks to record highs. The investors are also keeping a close watch on the Japanese government's effort to support the still-fragile economic recovery in the near term.
Citigroup Inc. (Citi) has announced an agreement to sell its Japanese retail banking business to Sumitomo Mitsui Banking Corporation (SMBC). The deal involves transfer of Citibank Japan's ATMs and retail branches to a trust bank subsidiary of SMBC, including 740,000 customer accounts, around 1,600 employees and about JPY2.5 trillion (about $21 billion) of yen and foreign currency deposits. Find out more about Citi's deal in Japan by clicking on our research report.
A fund managed by JPMorgan Chase & Co. (JPMorgan) is in advanced talks with India-based SpiceJet's co-founder Ajay Singh to invest around $200 million (INR2,000 crore) in the cash-strapped airline. According to an Economic Times report, JPMorgan fund and Singh are planning to buy the entire stake held by airline's majority shareholder, Kalanithi Maran. Click on the report below to get a deeper insight into the story.
U.K. based oil and gas major BP Plc (BP) is reportedly discussing a deal with Russian oil producer OAO Rosneft that could give it a direct stake in Rosneft's Eastern Siberia unit. According to a Bloomberg report, the stake could be valued at $700 million to $800 million. Know more about the speculations around this deal in our comprehensive research report on BP.
Patent risk management solutions provider RPX Corp. (RPX) announced that its subsidiary, RPX Clearinghouse LLC, will purchase the patent assets controlled by Rockstar Consortium LLC - an entity backed by Apple, Blackberry, Ericsson, Microsoft, and Sony. RPX Clearinghouse will receive license payments from a syndicate of over 30 companies, including Cisco and Google. Click on our research report on RPX to get a complete overview of this transaction.
Stryker Corporation (Stryker) is planning a takeover offer for U.K. based medical devices maker Smith & Nephew plc (Smith & Nephew), Bloomberg reported. The report said that Kalamazoo, Michigan-based Stryker could offer a significant premium to Smith & Nephew's share price. Click on our research report on Stryker to know more about its takeover plans and gain further insights into the deal.
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About Analysts Review
At Analysts Review, we provide our members with a simple and reliable way to leverage our economy of scale. Most investors do not have time to track all publicly traded companies, much less perform an in-depth review and analysis of the complexities contained in each situation. That's where Analysts Review comes in. We provide a single unified platform for investors' to hear about what matters. Situation alerts, moving events, and upcoming opportunities.
Analysts Review was designed for investors. By providing the best information available, we have set ourselves apart as one of the premier online investor communities.
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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.
Compliance Procedure: Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Analysts Review, represented by Rohit Tuli, CFA®. An outsourced research services provider has only reviewed the information provided by Analysts Review in this article or report according to the procedures outlined by Analysts Review. Analysts Review is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.
Further Resources: For more information about this release including editorial notes, compliance procedures and legal disclosures, please visit: http://www.analystsreview.com/editors
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SOURCE Analysts Review
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