Esteemed Recognitions, Financial Updates, Preffered Stock Dividends, New Hires, and Legal Settlements - Analyst Notes on Comerica, CIBC, FirstMerit, City National and Credit Suisse

NEW YORK, May 27, 2014 /PRNewswire/ --

Today, Analysts Review released its analysts' notes regarding Comerica Incorporated (NYSE: CMA), Canadian Imperial Bank of Commerce (NYSE: CM), FirstMerit Corporation (NASDAQ: FMER), City National Corp. (NYSE: CYN) and Credit Suisse Group (NYSE: CS). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/2963-100free.

Comerica Incorporated Analyst Notes
On May 22, 2014, Comerica Incorporated (Comerica) announced that Monica L. Martinez, Senior Vice President, Corporate Contributions for Texas and Arizona and National Hispanic Business Development was recognized in the April 2014 issue of Latino Magazine's Top 10 list of corporate Latinas. The list recognizes Hispanic women who have made outstanding contributions in their field and are an inspiration to others. According to the Company, Martinez has dual roles of managing the Corporate Contributions function for the bank's Texas and Arizona markets as well as overseeing all aspects of the bank's involvement in Hispanic Business Development nationally. Commenting on the recognition, Martinez said, "It's an honor to be among the trailblazers on the list. I am fortunate to work for a company that values diversity, invests in its employees and gives back to the community." The full analyst notes on Comerica are available to download free of charge at:

http://www.analystsreview.com/2963-CMA-27May2014.pdf

Canadian Imperial Bank of Commerce Analyst Notes
On May 15, 2014, Canadian Imperial Bank of Commerce (CIBC) announced that it has recorded a non-cash goodwill impairment charge of CAD420 million relating to its investment in CIBC FirstCaribbean International Bank Limited for Q2 FY 2014 (period ended April 30, 2014). In addition, CIBC also recorded CAD123 million of incremental loan losses for CIBC FirstCaribbean, reflecting revised expectations on the extent and timing of the economic recovery in the Caribbean region. The company informed that the CET 1 capital ratio at April 30, 2014 is expected to strengthen from 9.5% reported as at January 31, 2014. Further, the Company informed that both the CET 1 ratio and the incremental loan losses have been recorded in the Corporate and Other business segment and will reflect in the Q2 FY 2014 financial report, which will be released on May 29, 2014. The full analyst notes on CIBC are available to download free of charge at:

http://www.analystsreview.com/2963-CM-27May2014.pdf

FirstMerit Corporation Analyst Notes
On May 15, 2014, FirstMerit Corporation (FirstMerit) declared a dividend of $14.69 per share, or $0.37 per depository share, on the Company's 5.875% non-cumulative perpetual preferred stock, Series A. The Company informed that the dividend is payable on August 4, 2014 to shareholders of record on July 18, 2014. The full analyst notes on FirstMerit are available to download free of charge at:

http://www.analystsreview.com/2963-FMER-27May2014.pdf

City National Corp. Analyst Notes
On May 22, 2014, City National Corp. (City National) announced that it has hired Ted Bojorquez to serve as the Senior Vice President and Manager of Commercial Banking services in San Jose. Bojorquez will lead a team that is responsible for delivering the bank's full range of credit, depository, trade finance, and cash management services to mid-sized companies, as well as complementary services such as real estate lending and equipment leasing. Prior to joining the Company, Bojorquez was the team lead for US Bank in San Jose for six years. He has also held various executive positions in finance, operations management, and business development for a number of technology-focused companies previously. Commenting on the appointment, Michael Walker, Executive Vice President and Bay Area Regional Executive for City National Bank said, "Ted brings with him extensive experience serving the unique needs of Silicon Valley business owners and entrepreneurs, and is already well known and respected in the community. His addition will allow us to better serve the growing businesses that are thriving here." The full analyst notes on City National are available to download free of charge at:

http://www.analystsreview.com/2963-CYN-27May2014.pdf

Credit Suisse Group Analyst Notes
On May 20, 2014, Credit Suisse Group (Credit Suisse) reported that the Company has agreed to pay c.$2.8 billion (CHF 2.5 billion) as a comprehensive and final settlement for all outstanding matters relating to the former cross-border private banking business with U.S. clients. The settlement includes a guilty plea entered into by Credit Suisse's Swiss banking entity, Credit Suisse AG. The Company informed that the final settlement results in an after-tax charge of CHF 1.6 billion to be booked in Q2 2014. Credit Suisse also informed that its Look-through Basel III CET1 ratio would have been 9.3% at the end of Q1 2014 had this charge been applied at that time, and is now expected to exceed 10% by end of 2014. Brady Dougan, CEO of Credit Suisse, commented, "Having this matter fully resolved is an important step forward for us. We have seen no material impact on our business resulting from the heightened public attention on this issue in the past several weeks." The full analyst notes on Credit Suisse are available to download free of charge at:

http://www.analystsreview.com/2963-CS-27May2014.pdf

About Analysts Review
We do things differently. Our goal is to provide the best content to our exclusive membership. We are constantly hiring researchers, writers, editors and analysts to add to our team and become better than yesterday. If being a part of a fast growing community with an edge in today's market sounds interesting to you, then sign-up today and experience the full benefits of membership.

EDITOR'S NOTES:

1. This is not company news. We are an independent source and our views do not reflect the companies mentioned.

2. Information in this release is produced on a best efforts basis by Rohit Tuli, a CFA charterholder. The content is then further fact checked and reviewed by an outsourced research provider. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.

3. This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.

4. If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at pubco [at] http://www.analystsreview.com.

5. For any urgent concerns or inquiries, please contact us at compliance [at] http://www.analystsreview.com.

6. Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to research [at] http://www.analystsreview.com for consideration.

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.

NOT FINANCIAL ADVICE
Analysts Review makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.

NO WARRANTY OR LIABILITY ASSUMED
Analysts Review is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Analysts Review whatsoever for any direct, indirect or consequential loss arising from the use of this document. Analysts Review expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Analysts Review does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE Analysts Review

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED