Recent Updates on Commercial Banks: New Research on Bank of Montreal, ICICI Bank, Canadian Imperial Bank, KB Financial, and Credicorp
NEW YORK, February 20, 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 Bank of Montreal (NYSE: BMO), ICICI Bank (NYSE: IBN), Canadian Imperial Bank (NYSE: CM), KB Financial (NYSE: KB), and Credicorp (NYSE: BAP). 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):
BMO Research Report: ( http://get.analystsreview.com/pdf/?c=Bank%20of%20Montreal&d=20-Feb-2015&s=BMO ),
IBN Research Report: ( http://get.analystsreview.com/pdf/?c=ICICI%20Bank&d=20-Feb-2015&s=IBN ),
CM Research Report: ( http://get.analystsreview.com/pdf/?c=Canadian%20Imperial%20Bank&d=20-Feb-2015&s=CM ),
KB Research Report: ( http://get.analystsreview.com/pdf/?c=KB%20Financial&d=20-Feb-2015&s=KB ),
BAP Research Report: ( http://get.analystsreview.com/pdf/?c=Credicorp&d=20-Feb-2015&s=BAP ).
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Analyst Update: Scheduled Earnings Releases, Product Launch and Financial Results
Reviewed by: Rohit Tuli, CFA®
The US stock markets closed on a mixed note on Thursday. The Nasdaq rose for a seventh straight session boosted by a rally of 8.5% in the Priceline Group shares. The Dow and the S&P 500 on the other hand eased following declines in energy shares and a disappointing outlook from Wal-Mart. Uncertainty over prospects of a debt deal with Greece added to investor caution. Dow Jones Industrial Average closed down 44.08 points, or 0.24%, at 17,985.77; S&P 500 closed down 2.23 points, or 0.11%, at 2,097.45; while the Nasdaq closed up 18.34 points, or 0.37%, at 4,924.70. Europe's stock rally lost steam on Thursday, with a benchmark index retreating from a seven-year high, after Germany rejected a new proposal from Athens for an extension of its bailout programme. The German finance ministry described the Greek proposal as "not a substantial solution" because it failed to fulfill the conditions of an EU/IMF bailout programme. In Asia, the Nikkei rose to a 15-year high following better-than-expected export data, while trade in the rest of Asia was quiet with several markets closed for Lunar New Year.
Bank of Montreal to release its first quarter 2015 financial results on Tuesday, February 24, 2015, which will be followed by conference call with the investor community on the same day. The Company also introduced first Depository Trust Company (DTC) eligible gold deposit receipt program (GOLDRs) in the United States with an initial offering size of $500 million.
ICICI Bank introduced India's first digital bank for the youth- 'Pockets' that allows any individual- customers as well as non-customers to download and instantly activate an e-wallet from Google Playstore, fund it from any bank account in the country, and start transacting immediately.
Canadian Imperial Bank of Commerce (Canadian Imperial Bank) to release its fiscal 2015 first quarter results on February 26, 2015 at approximately 6:00 a.m. ET, which will be followed by a live audio webcast and teleconference call with analysts, investors and media on the same day at 8:00 a.m. ET. The Company has emerged as the first Canadian bank to support client enrolment on Visa checkout.
KB Financial Group Inc (KB Financial) reported that profit attributable to controlling interests in 4Q 2014 fell 54.5% QoQ to 203.0 won due to one-offs including impairment losses on securities and 4Q seasonality of expenses hike such as marketing expenses.
Credicorp Ltd.'s (Credicorp) net income for Q4 2014 reached PEN 495.6 million, up 17.3% YoY and down 23.2% QoQ. Net interest income (including the MiBanco) was PEN 1.71 billion, up 29.7% YoY and up 1.5% QoQ. NPL ratio in Q4 2014 increased to 3.33% from 2.81% in Q4 2013 and 3.26% in Q3 2014.
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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.
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