Financial Results, Updated ATMs, and Recognitions - Analyst Notes on Goldman Sachs, U.S. Bancorp, Charles Schwab, E*TRADE Financial and Zions
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NEW YORK, April 25, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding The Goldman Sachs Group, Inc. (NYSE: GS), U.S. Bancorp (NYSE: USB), The Charles Schwab Corporation (NYSE: SCHW), E*TRADE Financial Corporation (NASDAQ: ETFC) and Zions Bancorp. (NASDAQ: ZION). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/1605-100free.
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The Goldman Sachs Group, Inc. Analyst Notes
On April 17, 2014, The Goldman Sachs Group, Inc. (Goldman Sachs) reported its Q1 2014 financial results. Revenues decreased 7.6% YoY to $9.3 billion during the quarter. Net earnings for the Company also dropped to c. $1.9 billion, or diluted EPS of $4.02, from $2.2 billion, or diluted EPS $4.29, in Q1 2013. Lloyd C. Blankfein, Chairman and CEO of Goldman Sachs, said, "We are generally pleased with our performance for the quarter given the operating environment. Investment Banking and Investment Management generated solid results, while market sentiment shifted throughout the quarter, constraining client activity in various parts of our franchise." In addition, the Company's Board of Directors also declared a dividend of $0.55 per common share payable on June 27, 2014, to common shareholders of record on May 30, 2014. The full analyst notes on Goldman Sachs are available to download free of charge at:
http://www.analystsreview.com/1605-GS-25Apr2014.pdf
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U.S. Bancorp Analyst Notes
On April 22, 2014, U.S. Bancorp (U.S. Bancorp) reported that its subsidiary U.S. bank has fully converted approximately 5,000 US Bank automated teller machines (ATMs) to the Windows 7 operating system, making it one of the first major banks to complete the conversion. Jeannie Fichtel, Executive Vice President for U.S. Bank 24-Hour Banking, said, "We are very pleased to have completed our conversion in a timely manner, avoiding future expense or exposure. Data security is very important to us, and while upgrading to Windows 7 is not our only defense, it is an important piece of our overall security measures." The Company informed that U.S. Bank chose to upgrade the operating systems by the April 2014 deadline as part of its overall strategy that included updates in meeting new technology enhancements. The full analyst notes on U.S. Bancorp are available to download free of charge at:
http://www.analystsreview.com/1605-USB-25Apr2014.pdf
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The Charles Schwab Corporation Analyst Notes
On April 15, 2014, The Charles Schwab Corporation (Charles Schwab) reported its Q1 2014 financial results. Net revenues stood at $1.5 billion, up 14.6% YoY during the quarter. Net income stood at $318 million, or diluted EPS of $0.24 in Q1 2014, compared with $198 million, or diluted EPS of $0.15, in Q1 2013. Walt Bettinger, CEO, Charles Schwab, said, "Overall, we have strong momentum with clients across our businesses, we are well positioned to attract and serve a growing share of investable wealth in the U.S., and we remain poised to benefit from the eventual normalization of interest rates as the economy continues to recover." The full analyst notes on Charles Schwab are available to download free of charge at:
http://www.analystsreview.com/1605-SCHW-25Apr2014.pdf
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E*TRADE Financial Corporation Analyst Notes
On April 14, 2014, E*TRADE Financial Corporation (E*TRADE) announced that it earned two honoree distinctions for Best Financial Services/Banking website and Best Practices for its mobile app during the 18th Annual Webby Awards, besting 12,000 other entries. According to the Company, its site and app were selected based on their content, structure, and navigation, visual design, functionality, interactivity, and overall experience. "As online and mobile investing pioneers, we focus on innovation with a singular purpose: to improve the investing experience for our customers," said John Matos, who oversees E*TRADE's digital channels. "These distinctions speak to our ability to deliver them an experience that rivals the best of the Web." The full analyst notes on E*TRADE Financial are available to download free of charge at:
http://www.analystsreview.com/1605-ETFC-25Apr2014.pdf
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Zions Bancorp. Analyst Notes
On April 21, 2014, Zions Bancorp. (Zions) reported its Q1 2014 financial results. Q1 2014 net earnings stood at $76.2 million or $0.41 per diluted share, compared with $88.3 million or $0.48 per diluted share in Q1 2013. Net interest income for the quarter decreased to $416.5 million, compared with $418.1 million in Q1 2013. Commenting on the results, Harris H. Simmons, Chairman and CEO, said, "After a strong fourth quarter, our first quarter loan growth was somewhat slower; however, our capital levels continue to improve and we are optimistic as we look at the underlying economic strength within our footprint." The full analyst notes on Zions are available to download free of charge at:
http://www.analystsreview.com/1605-ZION-25Apr2014.pdf
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