Deployments, Promotions, Public Offerings, Acquisitions, and Upcoming Financial Results - Analyst Notes on Wells Fargo, Prudential Financial, Fortress, IntercontinentalExchange, and Deutsche Bank
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NEW YORK, March 19, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Wells Fargo & Company (NYSE: WFC), Prudential Financial, Inc. (NYSE: PRU), Fortress Investment Group LLC (NYSE: FIG), IntercontinentalExchange, Inc. (NYSE: ICE), and Deutsche Bank AG (NYSE: DB). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.AnalystsReview.com/register
Wells Fargo & Company Analyst Notes
On March 12, 2014, Wells Fargo & Company (Wells Fargo) announced that it has selected advertising agency BBDO to serve as the Company's brand agency of record, effective April 1, 2014, with the business to be led out of BBDO San Francisco. The Company stated that it will leverage BBDO's expertise to help continue to build the Wells Fargo brand image through comprehensive advertising and marketing programs. Jamie Moldafsky, Chief Marketing Officer, stated, "BBDO demonstrated exceptional creativity and big ideas, which made a compelling case for moving forward and officially establishing this new relationship. As our new brand agency of record, we're confident that BBDO will bring world-class strategic expertise to tell the Wells Fargo story and communicate the value of our products and services to the consumer." The full analyst notes on Wells Fargo & Company are available to download free of charge at:
http://www.AnalystsReview.com/03192014/WFC/report.pdf
Prudential Financial, Inc. Analyst Notes
On March 12, 2014, Prudential Financial, Inc. (Prudential Financial) announced that Robert Axel has been promoted to Senior Vice President, Controller and Principal Accounting Officer. The Company stated that he will succeed Peter Sayre and will report to Robert Falzon, CFO, effective immediately. Additionally, the Company stated that Sayre will oversee several key projects until he retires from the Company, effective October 31, 2014. Commenting on the appointment, Rob Falzon, stated, "Peter Sayre has served Prudential with distinction over the last 30 years and made numerous valuable contributions to the company, including helping Prudential complete its demutualization and transition to a public company. The company has benefited significantly from Peter's financial acumen, deep understanding of our businesses and commitment to the development of talent. We wish him well in his future endeavors." The full analyst notes on Prudential Financial, Inc. are available to download free of charge at:
http://www.AnalystsReview.com/03192014/PRU/report.pdf
Fortress Investment Group LLC Analyst Notes
On March 12, 2014, Fortress Investment Group LLC (Fortress) announced that it has commenced an underwritten public offering to sell c. 28.3 million Class A shares, representing limited liability company interests in the Company. According to the Company, certain officers and senior employees, including Fortress principals (collectively, the selling shareholders), have agreed to sell c.5.1 million Class A Shares as part of the offering. Additionally, Fortress stated that the Company, along with certain selling shareholders, have also granted the underwriters a 30-day option to purchase up to c.4.2 million additional Class A Shares. The Company informed that it intends to use all of its net proceeds from the offering to purchase an equivalent number of outstanding Fortress Operating Group partnership units from its principals and will not retain any proceeds from the sale of shares by the selling shareholders. The full analyst notes on Fortress Investment Group LLC are available to download free of charge at:
http://www.AnalystsReview.com/03192014/FIG/report.pdf
IntercontinentalExchange, Inc. Analyst Notes
On March 5, 2014, IntercontinentalExchange, Inc. (IntercontinentalExchange) announced that it will report its Q1 2014 financial results on May 8, 2014. According to the Company, the earnings press release will be issued before the earnings conference call, which will begin at 8:30 a.m. ET. Additionally, the Company stated that a live audio webcast of the earnings call will be made available under the investor relations and media section of its website. The full analyst notes on IntercontinentalExchange, Inc. are available to download free of charge at:
http://www.AnalystsReview.com/03192014/ICE/report.pdf
Deutsche Bank AG Analyst Notes
On March 12, 2014, Deutsche Bank AG (Deutsche Bank) reported that Aggregator Solutions fund of Deutsche Asset & Wealth Management (DeAWM) - brand name of asset management & wealth management division of Deutsche Bank and its subsidiaries - has recently acquired an $85 million portfolio of illiquid hedge funds from a Swiss asset manager. According to the Company, the fund closed in August 2013 with commitments from professional investors of $1 billion. Commenting on the acquisition, Magnus Lorrain-Smith, Head of Hedge Fund Secondaries at DeAWM, stated, "This acquisition adds a diversified pool of hedge funds to Aggregator Solutions' portfolio. At the same time, it provides locked-up investors with liquidity. Many hedge fund investors have been struggling to find liquidity since the financial crisis. With DeAWM's deep knowledge of illiquid hedge fund strategies, we have a strong track record of creating bespoke solutions for professional investors who hold illiquid hedge fund shares and that want to sell. These solutions may help to optimize the seller's balance sheet, while also freeing them from the administrative complexity of dealing in the hedge fund secondary market." The full analyst notes on Deutsche Bank AG are available to download free of charge at:
http://www.AnalystsReview.com/03192014/DB/report.pdf
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