Financial Results, Dividend Announcement, and Capital Actions Update - Research Reports on GM, Coca-Cola, Bank of America, American Realty and Zions Bancorp
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NEW YORK, July 31, 2014 /PRNewswire/ --
Today, Analysts Review released its research reports regarding General Motors Company (NYSE: GM), The Coca-Cola Company (NYSE: KO), Bank of America Corp. (NYSE: BAC), American Realty Capital Properties Inc. (NASDAQ: ARCP) and Zions Bancorporation (NASDAQ: ZION). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/5303-100free.
General Motors Company Research Reports
On July 24, 2014, General Motors Company (GM) released its Q2 2014 and H1 2014 financial results. For Q2 2014, total net sales and revenue stood at $39.6 billion, up 1.5% YoY. During the quarter, the Company reported a pre-tax net loss from special items of $1.3 billion and pre-tax costs related to recall-related repairs of $1.2 billion. Net income attributable to common stockholders came in at $190 million or $0.11 per diluted share, compared to $1.3 billion or $0.75 per diluted share in Q2 2013. The Company reported H1 2014 total net sales and revenue of $77.1 billion, up 1.4% YoY. Net income attributable to common stockholders for H1 2014 came in at $301 million or $0.18 per diluted share, compared to $2.3 billion or $1.37 per diluted share in H1 2013. The full research reports on GM are available to download free of charge at:
http://www.analystsreview.com/Jul-31-2014/GM/report.pdf
The Coca-Cola Company Research Reports
On July 22, 2014, The Coca-Cola Company (Coca-Cola) reported Q2 FY 2014 and H1 FY 2014 (period ended June 27, 2014) financial results with 3% worldwide volume growth in Q2 FY 2014 and 2% YTD growth. For the quarter, the Company reported net operating revenues of $12.6 billion, down 1.4% YoY. Net income attributable to shareowners of Coca-Cola stood at $2.6 billion or $0.58 per diluted share, compared to $2.7 billion or $0.59 per diluted share in Q2 FY 2013. For H1 FY 2014, the Company reported net operating revenues of $23.2 billion, down 2.7% YoY. H1 FY 2014 net income attributable to shareowners of Coca-Cola stood at $4.2 billion or $0.95 per diluted share, compared to $4.4 billion or $0.98 per diluted share in H1 FY 2013. The full research reports on Coca-Cola are available to download free of charge at:
http://www.analystsreview.com/Jul-31-2014/KO/report.pdf
Bank of America Corp. Research Reports
On July 16, 2014, Bank of America Corp. (Bank of America) released its Q2 2014 financial results which include a pre-tax litigation expense of $4.0 billion or c. $0.22 per share after tax. The Company reported total revenue, net of interest expense, of $21.7 billion, down 4.3% YoY. The Company's net income applicable to common shareholders came in at $2.0 billion or $0.19 per diluted share, compared to $3.6 billion or $0.32 per diluted share in Q2 2013. According to Thomson Reuters, Analysts on average had expected Q2 2014 EPS of $0.29. For H1 2014, the Company's total revenue, net of interest expense, declined 3.5% YoY to $44.3 billion. H1 2014 net income applicable to common shareholders came in at $1.5 billion or $0.14 per diluted share, compared to net income of $4.7 billion or $0.42 per diluted share in H1 2013. The full research reports on Bank of America are available to download free of charge at:
http://www.analystsreview.com/Jul-31-2014/BAC/report.pdf
American Realty Capital Properties Inc. Research Reports
On July 22, 2014, American Realty Capital Properties Inc. (American Realty) announced that pursuant to the prior authorization of its board of directors, the Company has declared an annualized common stock dividend of $1.00 per share to be paid monthly to holders of common stock of record at the close of business on the 8th day of each month, payable on the 15th day of such month. American Realty stated that in line with the said announcement, it will pay a monthly dividend of c. $0.08 per share on August 15, 2014 to holders of common stock of record at the close of business on August 8, 2014. In addition, the Company stated that it will pay a monthly dividend of c. $0.14 per share on its 6.70% Series F Cumulative Redeemable Preferred Stock, par value $0.01 per share, for the period commencing July 15, 2014 through August 14, 2014, on August 15, 2014. The Company added that the record date for Series F dividend is August 1, 2014. The full research reports on American Realty are available to download free of charge at:
http://www.analystsreview.com/Jul-31-2014/ARCP/report.pdf
Zions Bancorporation Research Reports
On July 28, 2014, Zions Bancorporation (Zions Bancorp) announced that the Board of Governors of the Federal Reserve has informed the Company that they have no objections in relation to its capital actions as outlined in its 2014 capital plan, as resubmitted to the Federal Reserve on April 30, 2014. Zions Bancorp informed that the capital actions contemplated by the plan included continued payment of preferred and common dividends at the current rates. Further, the resubmitted plan includes a proposal to issue $400 million of common equity in Q3 2014. The Company stated that it has determined to increase the amount of equity issue. The full research reports on Zions Bancorp are available to download free of charge at:
http://www.analystsreview.com/Jul-31-2014/ZION/report.pdf
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