Financial Companies Reported Announcements, Quarterly Cash Dividends, and Financial Results - Research Report on M&T Bank, Ameriprise, GGP, Hudson City Bancorp, and BankUnited
NEW YORK, November 4, 2013 /PRNewswire/ --
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Today, Analysts' Corner announced new research reports highlighting M&T Bank Corporation (NYSE: MTB), Ameriprise Financial Inc. (NYSE: AMP), General Growth Properties Inc. (NYSE: GGP), Hudson City Bancorp, Inc. (NASDAQ: HCBK), and BankUnited, Inc. (NYSE: BKU). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
M&T Bank Corporation Research Report
On October 29, 2013, M&T Bank Corporation (M&T Bank) announced that it has opened a new, energy-efficient 2,400-square-foot retail branch in the Hamilton Square shopping center on Western Avenue in Guilderland. According to M&T Bank Albany Regional President Mike Keegan, "This redevelopment project is part of M&T Bank's continued investment in our local communities and ongoing effort to provide great bank branches for both business and retail customers in Albany. Having served Guilderland for decades, we hope this new branch demonstrates our long-term commitment to our customers and the community." According to M&T Bank, the Company's customers can now visit its new location from 9:00 a.m. to 4:00 p.m. from Monday to Thursday, 9:00 a.m. to 5:00 p.m. on Friday, and 9:00 a.m. to 12:00 noon on Saturday. The Full Research Report on M&T Bank Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/b8dd_MTB]
Ameriprise Financial Inc. Research Report
On October 29, 2013, Ameriprise Financial Inc. (Ameriprise) announced that the Company's Board of Directors has declared a quarterly cash dividend of $0.52 per common share payable on November 22, 2013, to shareholders of record as of the close of business on November 12, 2013. The Full Research Report on Ameriprise Financial Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/697d_AMP]
General Growth Properties Inc. Research Report
On October 28, 2013, General Growth Properties Inc. (GGP) released its Q3 2013 financial results. Total revenues were down by 0.3% YoY to $620.7 million during the quarter. Net income attributable to common stockholders was $23.5 million or $0.02 per diluted share, compared to net loss attributable to common stockholders of $207.9 million or $0.23 per diluted share in Q3 2012. The Full Research Report on General Growth Properties Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/cd74_GGP]
Hudson City Bancorp, Inc. Research Report
On October 23, 2013, Hudson City Bancorp, Inc. (Hudson City Bancorp) released its Q3 2013 financial results. The Company's reported net income was $42.7 million or $0.09 per diluted share in Q3 2013, compared to net income of $55.9 million or $0.11 per diluted share in Q3 2012. Commenting on the release, Ronald E. Hermance, Jr., the Company's Chairman and CEO stated, "Our asset quality continues to improve. Total non-performing loans decreased $41.0 million and early stage delinquencies decreased $73.6 million during the third quarter of 2013. Total delinquencies have decreased $251.1 million since December 31, 2012. Almost a year ago, our market area was severely impacted by Hurricane Sandy. During the fourth quarter of 2012, we increased our loan loss provision by $5.0 million based on our estimated loss exposure to mortgage loans located in the areas most affected by the storm. We are happy to report that storm-related losses on our mortgage loan portfolio were less than $1.0 million dollars." The Full Research Report on Hudson City Bancorp, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/4d24_HCBK]
BankUnited, Inc. Research Report
On October 28, 2013, BankUnited, Inc. (BankUnited) announced the pricing of an underwritten offering of 9 million shares of its common stock by certain of its existing stockholders at $30.75 per share. According to BankUnited, the Company will not receive any proceeds from the offering and the underwriters have a 30-day option to purchase an additional of 1.35 million shares in the offering from the selling stockholders. The Company further informed that the offering is being made pursuant to a registration statement on Form S-3 filed with the Securities and Exchange Commission on March 6, 2013. The Full Research Report on BankUnited, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/0b60_BKU]
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