How are the Banking Companies Performing?: Complementary Research on Doral Financial, Banco Macro, Grupo Aval Acciones, Grupo Financiero Santander, and HDFC Bank
NEW YORK, February 25, 2015 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Moments ago, Analysts Review released new research updates concerning several important developing situations including Doral Financial (NYSE: DRL), Banco Macro (NYSE: BMA), Grupo Aval Acciones (NYSE: AVAL), Grupo Financiero Santander (NASDAQ: BSMX), and HDFC Bank (NYSE: HDB). Analysts Review provides a single unified platform for investors' to hear about what matters - proudly employing registered CFA® research staff and rigorous compliance procedures. The full research reports are being made available to the public for informational purposes only.
To access our full PDF reports on a complementary basis, please visit the links below.
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Today's update concerns the following companies:
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Full PDF Download Links (you may have to copy and paste the following links into your browser):
DRL Research Report: ( http://get.analystsreview.com/pdf/?c=Doral%20Financial&d=25-Feb-2015&s=DRL ),
BMA Research Report: ( http://get.analystsreview.com/pdf/?c=Banco%20Macro&d=25-Feb-2015&s=BMA ),
AVAL Research Report: ( http://get.analystsreview.com/pdf/?c=Grupo%20Aval%20Acciones&d=25-Feb-2015&s=AVAL ),
BSMX Research Report: ( http://get.analystsreview.com/pdf/?c=Grupo%20Financiero%20Santander&d=25-Feb-2015&s=BSMX ),
HDB Research Report: ( http://get.analystsreview.com/pdf/?c=HDFC%20Bank&d=25-Feb-2015&s=HDB ).
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Analyst Update: Grants, Financial Outcomes, and Recognition
Reviewed by: Rohit Tuli, CFA®
US stocks rose to record levels on Tuesday after Federal Reserve Chair Janet Yellen suggested that the central bank is not likely to begin raising interest rates for at least the next couple monetary policy meetings; and intends a rate hike only when they are "reasonably confident" that annual inflation is moving back toward their 2 percent target. The S&P 500 gained 5.82 points, or 0.28%, to end at 2,115.48, and the Dow Jones Industrial Average edged up 92.35 points or 0.51% to 18,209.19. The tech-heavy NASDAQ advanced for the tenth straight session, up 7.15 points or 0.14% to close at 4,968.12. Meanwhile, most of Europe's benchmark stock indices closed higher on Tuesday, following reports that Eurozone finance ministers, the European Commission, the European Central Bank and the International Monetary Fund have approved Greece's request for an extended €240 billion ($273 billion) bailout. Germany's DAX 30 rose 0.67% to 11,205.74, while, FTSE 100 gained 0.54% to 6,949.63. France's CAC 40 gained 0.50% to 4,886.44.
Doral Bank has launched Classroom Grant Program in bay schools in an initiative to stimulate student interest in Science and Math. The Doral Science, Technology, Engineering and Math (STEM) Showcase Grants program has been established with a $20,000 contribution to the Bay Education Foundation.
Banco Macro S.A. announced its results for the fourth quarter and full year ended December 31, 2014. During the quarter, Banco Macro's financing to the private sector grew 6% QoQ to Ps. 44.3 billion (Argentine pesos). Among commercial loans, documents and pledge loans grew 12% and 10% QoQ, respectively, while credit cards and personal loans within consumer loans rose 23% and 7% QoQ, respectively.
Grupo Aval Acciones y Valores S.A. (Grupo Aval) reported its Q3 2014 earnings results with consolidated net income of (Colombian peso) COP435.7 billion, an increase of 8.1% YoY. The Bank also registered strong asset growth of 20.8% YoY for the quarter, reaching COP168.8 trillion driven by both organic and inorganic growth of Colombian and Central American loan portfolios.
Grupo Financiero Santander Mexico S.A. B. de C.V. (Santander Mexico) reported Q4 2014 earnings results with net income of (Mexican Peso) MXN3,824 million, representing a decline of 37.7% YoY. The Bank's net interest income, however, increased 4.4% YoY to MXN9,799 million during the quarter.
HDFC Bank (HDFC) reported that it has won Best Private Banking Services for a fifth consecutive year in the 2015 Euromoney Private Banking and Wealth Management Survey. The award was presented in the Net-worth-specific services category for Super affluent clients (US$ 1 million to US$ 5 million). The Bank was also ranked first in the Asset Management category of the survey.
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Editor Note: This is not company news. We are an independent source and our views do not reflect the companies mentioned.
Compliance Procedure: Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Analysts Review, represented by Rohit Tuli, CFA®. An outsourced research services provider has only reviewed the information provided by Analysts Review in this article or report according to the procedures outlined by Analysts Review. Analysts Review 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.
Further Resources: For more information about this release including editorial notes, compliance procedures and legal disclosures, please visit: http://www.analystsreview.com/editors
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SOURCE Analysts Review
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