Housing Programs, Conference Schedules, Senior Secured Financing, Increased Home Values, and Stock Price Movements - Research Report on Wells Fargo, KeyCorp, PNC, First Republic, and SunTrust Banks
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NEW YORK, November 25, 2013 /PRNewswire/ --
Today, Analysts' Corner announced new research reports highlighting Wells Fargo & Company (NYSE: WFC), KeyCorp (NYSE: KEY), PNC Financial Services Group Inc. (NYSE: PNC), First Republic Bank (NYSE: FRC), and SunTrust Banks, Inc. (NYSE: STI). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Wells Fargo & Company Research Report
On November 19, 2013, Wells Fargo & Company (Wells Fargo) along with NeighborWorks America and Portland Housing Center, and Portland Mayor Charlie Hales announced Portland NeighborhoodLIFTSM, a c.$5.2 million programto help moderate-income Portlanders in buying a home. The Company stated that Portland NeighborhoodLIFTSM program is a collaboration between Wells Fargo, the City of Portland, NeighborWorks America, and Portland Housing Center to provide down payment assistance and homebuyer education programs in areas affected by the financial crisis. Don Pearson, Community Banking Regional President for Wells Fargo, stated, "Portland was impacted by the housing crisis and while mortgages are available at low-interest rates, many families are unable to purchase a home because they struggle with making the down payment. NeighborhoodLIFT program can help local homebuyers realize their dreams of owning a home." Wells Fargo informed that as part of the Portland NeighborhoodLIFTSM program, a free homebuyer event will be held on December 13, 2013 to December 14, 2013 from 10:00 a.m. to 7:00 p.m. at the Oregon Convention Center in Portland, where prospective homebuyers can register and learn more about the program. The Full Research Report on Wells Fargo & 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/d00c_WFC
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KeyCorp Research Report
On November 20, 2013, KeyCorp (KeyCorp) announced that its Chairman and CEO Beth E. Mooney will present at the Goldman Sachs US Financial Services Conference on December 10, 2013, at 1:20 p.m. ET in New York City. The Company added that the live audio webcast and presentation slides can be accessed via KeyCorp's website. The Full Research Report on KeyCorp - 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/039c_KEY
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PNC Financial Services Group Inc. Research Report
On November 19, 2013, PNC Bank, N.A., a member of PNC Financial Services Group Inc. (PNC), announced the closing of a $50 million asset based revolver for Bunkers International Corporation. The Company added that Bunkers International Corporation, which provides trading, physical supply and brokering services for marine fuels to ship operators around the globe, will use the funds to refinance existing debt and support growth initiatives. The Full Research Report on PNC Financial Services Group 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/2733_PNC
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First Republic Bank Research Report
On November 20, 2013, First Republic Bank (First Republic) announced that according to its First Republic Prestige Home Index™, luxury home values have gone up in San Francisco, Los Angeles, and San Diego, in Q3 2013 vis-a-vis Q3 2012. According to the Company, the San Francisco Bay Area values were up by 10.4% YoY and 1.9% QoQ, with an average luxury home value of $3.0 million. Los Angeles area values climbed 14.0% YoY and 6.7% QoQ with an average luxury home at $2.3 million. San Diego area values went up by 13.5% YoY and 6.0% QoQ with reported average luxury home value at c.$1.9 million. Commenting on the release, Katherine August-deWilde, President and Chief Operating Officer of First Republic stated, "Luxury home prices were strong both year-over-year and for the third quarter in San Francisco, Los Angeles and San Diego. Luxury communities in California's urban coastal areas continue to experience limited inventory and strong demand from U.S. and foreign buyers." The Full Research Report on First Republic Bank - 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/9f6f_FRC
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SunTrust Banks, Inc. Research Report
On November 20, 2013, SunTrust Banks, Inc.'s (SunTrust Banks) stock was up 0.28%, closing the day at $35.83 per share. SunTrust Banks' stock was down 0.56% over the past three-day trading period, compared to the Dow Jones Industrial Average which declined 0.38% during the same trading period. The Full Research Report on SunTrust Banks, 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/0069_STI
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