Financial Results Releases, Launch of Service, Settlement of Disputes, and Senior Level Appointment - Research Reports on Genworth, MasterCard, Metlife, AIG and Morgan Stanley
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NEW YORK, August 4, 2014 /PRNewswire/ --
Today, Analysts Review released its research reports regarding Genworth Financial Inc. (NYSE: GNW), MasterCard Inc. (NYSE: MA), Metlife Inc. (NYSE: MET), American International Group Inc. (NYSE: AIG) and Morgan Stanley (NYSE: MS). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/5411-100free.
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Genworth Financial Inc. Research Reports
On July 29, 2014, Genworth Financial Inc. (Genworth) released its Q2 2014 financial results. The Company reported Q2 2014 total revenues of $2.4 billion, up 1.9% YoY. During the quarter, the Company's Global Mortgage Insurance Division's net operating income improved 33.3% YoY to $136 million, while the U.S. Life Insurance Division's operating income declined 12.7% YoY to $69 million. Tom McInerney, President and CEO, Genworth, said, "Our second quarter 2014 results were strong in our mortgage insurance businesses, which benefitted from continued solid loss performance, but disappointing in our long term care insurance business, where we experienced adverse claims development." The Company's Q2 2014 net income available to Genworth's common stockholders came in at $176 million or $0.35 per diluted share, compared to net income of $141 million or $0.28 per diluted share in Q2 2013. The full research reports on Genworth are available to download free of charge at:
http://www.analystsreview.com/Aug-04-2014/GNW/report.pdf
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MasterCard Inc. Research Reports
On July 15, 2014, MasterCard Inc. (MasterCard) announced the launch of its digital service, MasterPass™ in South Africa. MasterCard informed that its MasterPass™ offers convenient, simple, fast and secure digital payments services to customers. Further, the Digital wallets, which are accessible through the MasterPass acceptance network allows consumers to store all their MasterCard or other branded credit, debit or cheque card information, and shipping and billing address details securely in one place. The storage of information at one place allows customers to make hassle free secure online payments without entering these details each time. Standard Bank is the first local bank in South Africa that offers a digital wallet powered by MasterPass via the Standard Bank MasterPass app. The full research reports on MasterCard are available to download free of charge at:
http://www.analystsreview.com/Aug-04-2014/MA/report.pdf
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Metlife Inc. Research Reports
On July 31, 2014, Metlife Inc. (Metlife) released its Q2 2014 and H1 2014 financial results. The Company reported Q2 2014 total operating revenues of $17.8 billion, up 4.7% YoY. During the quarter, the Company's operating earnings available to common shareholders improved 0.3% YoY to $1.6 billion, but declined 2.8% YoY on per share basis to $1.39. The Company's Q2 2014 net income available to Metlife's common shareholders stood at $1.3 billion or $1.17 per diluted share, compared to net income of $471 million or $0.43 per diluted share in Q2 2013. The Company's H1 2014 total operating revenues improved 3.1% YoY to $34.9 billion. The Company's H1 2014 net income available to Metlife's common shareholders stood at $2.6 billion or $2.31 per diluted share, compared to net income of $1.4 million or $1.29 per diluted share in H1 2013. The full research reports on Metlife are available to download free of charge at:
http://www.analystsreview.com/Aug-04-2014/MET/report.pdf
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American International Group Inc. Research Reports
On July 16, 2014, American International Group Inc. (AIG) announced that the Company has reached a global resolution with Bank of America regarding its residential mortgage related disputes. AIG informed that the resolution includes its claims pending in New York and California federal courts related to the creation, offering, and sale of RMBS from which AIG and its subsidiaries suffered losses either directly on their own account or in connection with their participation in AIG's securities lending program. Further, the resolution also includes the Company's objections to the $8.5 billion settlement of Countrywide's mortgage repurchase obligations to various investors, as well as disputes concerning the issuance of mortgage guaranty insurance by AIG's United Guaranty subsidiaries to Bank of America and Countrywide. According to the terms of the settlement, the Company will receive $650 million in cash plus its pro rata share of amount ultimately paid out to investors in connection with the Countrywide repurchase settlement. The full research reports on AIG are available to download free of charge at:
http://www.analystsreview.com/Aug-04-2014/AIG/report.pdf
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Morgan Stanley Research Reports
On July 30, 2014, Morgan Stanley (Morgan Stanley) announced the appointment of Reza Moghadam as the Company's Vice Chairman in Global Capital Markets. Morgan Stanley informed that in his new role, Reza Moghadam will focus on coverage of sovereign clients globally and will report to Raj Dhanda and Dan Simkowitz, Co-Heads of Global Capital Markets. Further, Reza Moghadam is expected to join the Company in Q4 2014. Previously, Reza Moghadam was working with International Monetary Fund as the Director of the European Department. Colm Kelleher, President of Institutional Securities and CEO, Morgan Stanley International, said, "In his 20 years at the IMF, Reza has played a role in the Fund's response to almost every major crisis. In particular, he has led the Fund's engagement with European policymakers during the recent critical time in the region." The full research reports on Morgan Stanley are available to download free of charge at:
http://www.analystsreview.com/Aug-04-2014/MS/report.pdf
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