Financial Companies Report Agreements, Recognitions, Appointments, Dividends and Rewards Cards - Analyst Notes on American Express, Xoom, The Carlyle Group, Commerce Bank, and Fulton Financial
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NEW YORK, March 24, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding American Express Company (NYSE: AXP), Xoom Corporation (NASDAQ: XOOM), The Carlyle Group LP (NASDAQ: CG), Commerce Bancshares, Inc. (NASDAQ: CBSH), and Fulton Financial Corporation (NASDAQ: FULT). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.AnalystsReview.com/register
American Express Company Analyst Notes
On March 17, 2014, American Express Company (American Express) announced that it has signed an agreement to create a joint venture for its Global Business Travel division (GBT). According to the release, the agreement entitles the Company to share ownership of the joint venture with an investor group led by Certares. Additionally, the Company stated that it will separate its GBT operations into a dedicated holding structure, which will include certain assets and liabilities that currently comprise GBT, and will have a 50% ownership stake in the joint venture following the closing. The Company also stated that the investor group will hold the remaining 50%, in exchange for an investment of $900 million in the joint venture. Lastly, former President of Global Commercial Services at American Express, Bill Glenn will be President and CEO of the joint venture while Certares founder Greg O'Hara will serve as Chairman. Kenneth I. Chenault, Chairman and CEO of American Express stated, "The joint venture reflects our continued commitment to the travel business through a new structure with an outstanding group of investors and the resources to grow the business and provide additional value to our corporate customers. Bill Glenn is an accomplished leader with experience running major business units during his distinguished career at American Express." The full analyst notes on American Express Company are available to download free of charge at:
http://www.AnalystsReview.com/03242014/AXP/report.pdf
Xoom Corporation Analyst Notes
On March 13, 2014, Xoom Corporation (Xoom) announced that the Company has won a 2013 Silver Award from W[3], for Xoom's Mobile Website in the finance category. According to the release, Xoom's Mobile Website was judged on creativity, usability, navigation, functionality, visual design and ease of use. Commenting on the recognition, Joe Raymond, Company Vice President of Product, stated, "We believe we are shifting the way consumers transfer money around the globe by changing their habits and preferences and Xoom's mobile strategy is playing a large part in this change. Xoom's mobile website epitomizes the convenience and time-saving service of sending money with Xoom.com on a mobile device. We are thrilled with the W[3] award and we will continue to optimize our services for mobile devices to capitalize on the continued and growing trend in mobile usage." The full analyst notes on Xoom Corporation are available to download free of charge at:
http://www.AnalystsReview.com/03242014/XOOM/report.pdf
The Carlyle Group LP Analyst Notes
On March 14, 2014, The Carlyle Group LP (The Carlyle Group) announced that former General Motors Chairman and CEO, Daniel F. Akerson, has joined the Company on March 1, 2014, as Vice Chairman and Special Advisor to the Board of Directors. According to the release, in his new roles, Mr. Akerson will give operational, investment and management guidance to the Company's investment teams, firm management, and the Board of Directors, and will be based in the Company's headquarters at Washington, DC. Commenting on the news, The Carlyle Group Co-Founder and Chairman of the Board, Daniel A. D'Aniello, stated, "It is a delight to welcome Dan back to Carlyle. His remarkable depth of leadership experience will be a great asset to the Board and our investment teams. We applaud his leadership in the successful turnaround of General Motors, and look forward to his expertise in the years to come in service to our investors." The full analyst notes on The Carlyle Group LP are available to download free of charge at:
http://www.AnalystsReview.com/03242014/CG/report.pdf
Commerce Bancshares, Inc. Analyst Notes
On March 18, 2014, Commerce Bancshares, Inc. (Commerce Bank), along with The Honor Society of Phi Kappa Phi, announced that they have come together to offer a Visa® rewards credit card to Phi Kappa Phi members. According to Commerce Bank, the card offers reward points, has no annual fee, and entitles cardholders to a $100,000 travel insurance, emergency card replacement, cash advances, 24/7 customer service, Visa Zero Liability coverage, E-Statements and optional AutoPay, as part of the Phi Kappa Phi Visa® rewards credit card benefits. Commenting on the release, Chad Doza, Senior Vice President of Consumer Credit Card, said, "We are excited to enter into a relationship with Phi Kappa Phi and to offer their alumni a customized credit card as another way to show their support for the Society." The full analyst notes on Commerce Bancshares, Inc. are available to download free of charge at:
http://www.AnalystsReview.com/03242014/CBSH/report.pdf
Fulton Financial Corporation Analyst Notes
On March 18, 2014, Fulton Financial Corporation (Fulton Financial) announced that it has declared a quarterly cash dividend of $0.08 per share on the Company's common stock. According to the release, the dividend is payable on April 15, 2014, to shareholders of record as of April 1, 2014. The full analyst notes on Fulton Financial Corporation are available to download free of charge at:
http://www.AnalystsReview.com/03242014/FULT/report.pdf
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