Quarterly Earnings Review and New Service Launch - Research Reports on Goldman Sachs, Visa, American Express, Blackstone and Fifth Third Bancorp
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NEW YORK, October 21, 2014 /PRNewswire/ --
Today, Analysts Review released its research reports regarding The Goldman Sachs Group, Inc. (NYSE: GS), Visa Inc. (NYSE: V), American Express Company (NYSE: AXP), The Blackstone Group L.P. (NYSE: BX) and Fifth Third Bancorp (NASDAQ: FITB). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/7330-100free.
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The Goldman Sachs Group, Inc. Research Reports
On October 16, 2014, The Goldman Sachs Group, Inc. (Goldman Sachs) announced its Q3 2014 financial results. The Company reported that net income attributable to common shareholders jumped to $2.1 billion, or $4.57 per diluted share, in Q3 2014 from $1.4 billion or $2.88 per diluted share in Q3 2013. Analysts on average had expected earnings of $3.21 per share, according to Thomson Reuters. Total net revenues of the Company during the quarter rose 24.8% YoY to $8.4 billion. In Q3 2014, Goldman Sachs' Investment Banking revenue increased 25.6% YoY, Institutional Client Services revenue rose 31.8% YoY, total Investment and Lending revenue increased 14.7% YoY, and total Investment Management revenue surged 19.8% YoY. "The combination of improving economic conditions in the U.S. and a strong global franchise continued to drive client activity across our diverse set of businesses," said Lloyd C. Blankfein, Chairman and CEO. On the day of the announcement, shares of the Company fell 2.63% to close at $172.58. The full research reports on Goldman Sachs are available to download free of charge at:
http://www.analystsreview.com/Oct-21-2014/GS/report.pdf
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Visa Inc. Research Reports
On October 16, 2014, Visa Inc. (Visa) announced that Apple's new payment service, Apple Pay, which allows iPhone 6 or iPhone 6 Plus users to use their smartphone to pay for purchases at select U.S. merchants, will soon become a reality for millions of Visa cardholders. The Company said that iPhone 6 or 6 Plus users with Visa cards issued by Bank of America, Capital One, Citi Bank, Chase and Wells Fargo Bank will be able to initiate mobile purchases with Apple Pay in stores, starting October 20, 2014. Visa stated that it is working with more than four hundred financial institutions to enable Apple Pay for Visa credit and debit cardholders. The full research reports on Visa are available to download free of charge at:
http://www.analystsreview.com/Oct-21-2014/V/report.pdf
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American Express Company Research Reports
On October 15, 2014, American Express Company (American Express) announced its Q3 2014 financial results. American Express said that its total revenues (net of interest expense) during the quarter remained almost unchanged at $8.33 million, compared with the year-ago period. Excluding business travel revenues from the year-ago period, adjusted revenues of the Company were up 5.4% YoY in Q3 2014, reflecting higher Card Member spending and higher net interest income. The Company's net income rose to $1.5 billion, or $1.40 per diluted share, in Q3 2014 from $1.4 billion, or $1.25 per diluted share, a year earlier. On average, analysts had expected a profit of $1.36 per share and revenue of $8.35 billion, according to Thomson Reuters. Commenting on the performance, American Express' Chairman and CEO Kenneth I. Chenault said, "Revenues continued to rise at a steady pace, but the growth rate is still below our long-term target." The full research reports on American Express are available to download free of charge at:
http://www.analystsreview.com/Oct-21-2014/AXP/report.pdf
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The Blackstone Group L.P. Research Reports
On October 16, 2014, The Blackstone Group L.P. (Blackstone) announced its Q3 2014 financial results. Blackstone said that its Economic Net Income (ENI) during the quarter increased to $758.4 million, or $0.66 per unit, from $640.2 million or $0.56 per unit in the year-ago period. On average, analysts polled by Reuters expected the Company's ENI per unit at $0.72. Total revenues increased 34.9% YoY to $1.7 billion. Blackstone said that its total Asset Under Management (AUM) during the quarter reached $284.4 billion, up 14.7% YoY, despite returning $53.2 billion of capital to investors over the last twelve months. The rise in AUM was driven by $54.8 billion from gross inflows and $34.8 billion from consistently strong market appreciation across all investing businesses. Following the announcement, shares of the Company fell 0.58% to close at $28.89. The full research reports on Blackstone are available to download free of charge at:
http://www.analystsreview.com/Oct-21-2014/BX/report.pdf
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Fifth Third Bancorp Research Reports
On October 16, 2014, Fifth Third Bancorp announced its Q3 2014 financial results. The Ohio-based diversified financial services company said that its net income during the quarter fell 19% YoY to $340 million. On a per-share basis, the Company said it earned $0.39 in Q3 2014, compared to $0.47 in the year ago period. Fifth Third Bancorp's Q3 2014 net income missed the average estimates of $0.43 per share in a Reuters' poll of analysts. The Company's total non-interest income was also down 28% YoY at $520 million. On the same day, shares of the Company fell 4.52% to close at $17.74. The full research reports on Fifth Third Bancorp are available to download free of charge at:
http://www.analystsreview.com/Oct-21-2014/FITB/report.pdf
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