Grants, Dispute Settlement Agreements, Awards, Financial Results and Senior Note Offerings - Research Report on American Express, Fifth Third, Schwab, Cole Real Estate, and Health Care REIT
NEW YORK, November 18, 2013 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Today, Analysts' Corner announced new research reports highlighting American Express Company (NYSE: AXP), Fifth Third Bancorp (NASDAQ: FITB), The Charles Schwab Corporation (NYSE: SCHW), Cole Real Estate Investments, Inc. (NYSE: COLE), and Health Care REIT, Inc. (NYSE: HCN). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
American Express Company Research Report
On November 11, 2013, American Express Company (American Express) and the National Trust for Historic Preservation jointly announced a grant of $350,000 to Union Station in Washington, D.C., a National Treasures site that was damaged during the earthquake in August 2011. According to the Company, the funding from American Express will help to restore the historic gilded ceiling within the Main Hall, and the same is a part of the $2 million preservation grants contributed by the American Express to the Capitol region in 2013. Commenting on the release, Timothy J. McClimon, President of American Express Foundation stated, "American Express recognizes that historic places, like Union Station, help bring to life our nation's rich, cultural heritage. Union Station is one of the most visited tourist destinations in D.C., which is why we want to preserve its golden past, so the Station can be enjoyed by every employee, visitor and traveler for many years to come." The Full Research Report on American Express Company - 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/13d0_AXP
--
Fifth Third Bancorp Research Report
On November 5, 2013, Fifth Third Bancorp (Fifth Third) announced that it has reached an agreement in principle with the staff of the Securities and Exchange Commission (SEC) to settle a previously disclosed investigation by the SEC into the Company's accounting policy for certain commercial loans. According to the Company, the dispute was about, if a part of those commercial loans sold or reclassified as held-for-sale in Q4 2008, should have been moved to held-for-sale in the Q3 2008. The Company informed that to put into effect the agreement in principle, Fifth Third, without admitting or denying any factual allegations, would consent to an administrative order issued by the SEC, stating that the Company did not properly account for a portion of its commercial real estate loan portfolio in its form 10-Q for Q3 2008 in violation of Sections 17(a)(2) and 17(a)(3) of the Securities Act of 1933 and Sections 13(a), 13(b)(2)(A), and 13(b)(2)(B) of the Securities Exchange Act of 1934. The Full Research Report on Fifth Third Bancorp - 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/8d06_FITB
--
The Charles Schwab Corporation Research Report
On November 12, 2013, Schwab Advisor Services (SAS), a business segment of The Charles Schwab Corporation announced the recipients of the 2013 IMPACT Awards for registered investment advisors (RIAs). According to the Company, Homrich Berg was honored with the Best-in-Business IMPACT Award™, Paracle Advisors, LLC won the Pacesetter Impact Award™, and Evensky & Katz Wealth Management was awarded the Trailblazer IMPACT Award™, for 2013. Commenting on this, Bernie Clark, Executive Vice President and Head of SAS, stated, "Today we recognize and celebrate three RIA firms that have made a positive impact on our industry by implementing exceptional standards and practices to provide outstanding service to their clients. The industry benefits from their achievement and we thank this year's winners for pushing us all to higher standards of excellence." The Full Research Report on The Charles Schwab 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/34ad_SCHW
--
Cole Real Estate Investments, Inc. Research Report
On November 5, 2013, Cole Real Estate Investments, Inc. (Cole Real Estate Investments) released its Q3 2013 financial results. Total revenues were up by 161.5% YoY to $366.6 million during the quarter. Net income attributable to the Company was $24.2 million or $0.05 per diluted share in Q3 2013, compared to $18.6 million or $0.04 per diluted share in Q3 2012. Commenting on the results, Marc Nemer, CEO of Cole stated, "We continued to deliver strong financial results in our second quarter as a NYSE-listed company, maintaining strong results for revenue, normalized EBITDA and AFFO per diluted common share. Our owned real estate portfolio performed well again this quarter with normalized EBITDA of $140.8 million and AFFO of $94.5 million, an increase of 14% and 17%, respectively, over the third quarter of 2012." The Full Research Report on Cole Real Estate Investments, 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/5bba_COLE
--
Health Care REIT, Inc. Research Report
On November 8, 2013, Health Care REIT, Inc. (Health Care REIT) announced that it has priced £550 million in aggregate principal amount of 4.8% senior unsecured notes due November 20, 2028. According to the Company, the notes were priced at 98.599% of their face amount to yield 4.875%. Health Care REIT informed that the offering is expected to close on November 20, 2013, subject to customary closing conditions and it intends to use the net proceeds from the offering to repay advances under its primary unsecured credit facility and for general corporate purposes. The Full Research Report on Health Care REIT, 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/cf1e_HCN
----
EDITOR NOTES:
- This is not company news. We are an independent source and our views do not reflect the companies mentioned.
- Information in this release is fact checked and produced on a best efforts basis and reviewed by Ananya Ghosh, a CFA charterholder. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.
- This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.
- If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at [email protected].
- For any urgent concerns or inquiries, please contact us at [email protected].
- Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to [email protected] for consideration.
COMPLIANCE PROCEDURE
Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Equity News Network. An outsourced research services provider represented by Ananya Ghosh, CFA, has only reviewed the information provided by Equity News Network in this article or report according to the Procedures outlined by Equity News Network. Equity News Network is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.
NOT FINANCIAL ADVICE
Equity News Network makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.
NO WARRANTY OR LIABILITY ASSUMED
Equity News Network is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Equity News Network whatsoever for any direct, indirect or consequential loss arising from the use of this document. Equity News Network expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Equity News Network does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE Analysts' Corner
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article