Home Price Expectation Survey, Shareholders Approval, Upcoming Conferences, Capital-Raising Plans, and Website Makeover - Analyst Notes on Zillow, Goldman Sachs, American Express, Deutsche Bank and ICICI Bank
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NEW YORK, May 22, 2014 /PRNewswire/ --
Thursday May 22, 2014
Today, Analysts Review released its analysts' notes regarding Zillow Inc. (NASDAQ: Z), The Goldman Sachs Group Inc. (NYSE: GS), American Express Company (NYSE: AXP), Deutsche Bank AG (NYSE: DB) and ICICI Bank Ltd. (NYSE: IBN). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/2806-100free.
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Zillow Inc. Analyst Notes
On May 16, 2014, Zillow Inc. (Zillow) announced the results of its latest Home Price Expectations Survey to identify the cause of declining affordability in the housing markets. According to the survey results, while low mortgage rate have kept homes within reach of consumers across most of the country, affordability is becoming an issue within a number of markets, including the largest California metro areas. In the survey, panelists were asked to identify the primary cause of declining affordability from a list of five choices. Their responses were as: stagnant income growth (28%), abnormally high rates of home price and rent appreciation (27%), abnormally low supply of homes currently available for sale or rent (21%), insufficient number of homes (13%), and tight credit (11%). In addition, on an average, the panelists expect home value appreciation of 4.4% through the end of this year, to a Zillow Home Value Index of $176,380. The full analyst notes on Zillow are available to download free of charge at:
http://www.analystsreview.com/2806-Z-22May2014.pdf
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The Goldman Sachs Group Inc. Analyst Notes
On May 16, 2014, Reuters reported that Goldman Sachs Group Inc. (Goldman Sachs) shareholders have approved the management's executive compensation plan, while rejecting a proposal that was seeking to allow the shareholders to nominate directors to the Board. According to the report, more than 83% of the shareholders voted in favor of the Company's executive pay plan. At its annual shareholders meeting, Goldman Sachs shareholders also elected 13 directors to the Board. The full analyst notes on Goldman Sachs are available to download free of charge at:
http://www.analystsreview.com/2806-GS-22May2014.pdf
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American Express Company Analyst Notes
On May 15, 2014, American Express Company (American Express) announced that the Company's President, Edward P. Gilligan, will present in the upcoming Sanford Bernstein's 30th Annual Strategic Decisions Conference on May 29, 2014, at 2:00 P.M. ET in New York City. American Express also informed that Gilligan will participate in a question and answer session relating to the Company's business strategy and results. The full analyst notes on American Express are available to download free of charge at:
http://www.analystsreview.com/2806-AXP-22May2014.pdf
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Deutsche Bank AG Analyst Notes
On May 18, 2014, Deutsche Bank AG (Deutsche Bank) announced plans to raise 8 billion euros of capital, as it seeks to further boost its Common Equity Tier 1 (CET1) ratio under its Strategy 2015+. Deutsche Bank stated that it has already placed an ex-rights issue of 1.75 billion euros with an anchor investor. The Bank will raise a further 6.3 billion euros through a fully underwritten rights issue. In addition, the Bank has reaffirmed its commitment to Strategy 2015+. Deutsche Bank plans to increase its CET1 ratio by approximately 230 basis points from 9.5% at the end of Q1 2014 to 11.8% on a pro forma CRD4 fully-loaded basis. The Bank said that it would hire senior professionals in U.S., invest approximately 200 million euros in Germany and Europe over the next three years, and hire up to 100 advisory and coverage professionals to support big corporate clients. The full analyst notes on Deutsche Bank are available to download free of charge at:
http://www.analystsreview.com/2806-DB-22May2014.pdf
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ICICI Bank Ltd. Analyst Notes
On May 19, 2014, ICICI Bank Ltd. (ICICI Bank) announced the launch of its redesigned website that offers its customers an enhanced experience across devices such as desktops, mobiles and tablets. The India's largest private sector lender stated that the website is designed in such a way that users can now receive location specific information and offers, view their friends' activities, rate and review products, share their opinions on social media and take part in interactive games to enhance their knowledge about banking. Commenting on the launch, Rajiv Sabharwal, Executive Director, ICICI Bank said, "We have taken a decision to launch a new look website, which will offer our customers a unique, unparalleled experience of interacting with the Bank and help us understand their needs better, so that we can continue to provide them a world class banking experience." The full analyst notes on ICICI Bank are available to download free of charge at:
http://www.analystsreview.com/2806-IBN-22May2014.pdf
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