Selection as Fiscal Agent, Quarterly Earnings, and Dividend Declaration - Research Reports on U.S. Bancorp, ACE, Discover, Schwab and JCG
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NEW YORK, October 28, 2014 /PRNewswire/ --
Today, Analysts Review released its research reports regarding U.S. Bancorp (NYSE: USB), ACE Limited (NYSE: ACE), Discover Financial Services (NYSE: DFS), The Charles Schwab Corporation (NYSE: SCHW) and Janus Capital Group, Inc. (NYSE: JNS). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/7495-100free.
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U.S. Bancorp Research Reports
On October 23, 2014, U.S. Bancorp, the parent company of U.S. Bank, reported that U.S. Bank has been selected as the Fiscal Agent on Bond Issuances for the State of Washington. In its latest capacity, U.S. Bank Global Corporate Trust Services division will manage above 2,500 bond issuances by more than 250 bond issuing entities in the state including school districts, cities, water and sewer authorities, and counties. The conversion of bond issuances to U.S. Bank is expected to occur in Q1 2015. "U.S. Bank's bondkeeping and web-based reporting services, along with its local presence, will fully support business operations for local government issuers across the state," said State Treasurer Jim Mcintire, Washington State. The full research reports on U.S. Bancorp are available to download free of charge at:
http://www.analystsreview.com/Oct-28-2014/USB/report.pdf
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ACE Limited Research Reports
On October 21, 2014, ACE Limited (ACE) reported its Q3 2014 financial and operational results. The net investment for the quarter was $566 million, up 8.5% YoY due to increase in the invested asset base, growth in private equity distributions and boost in call activity in the Company's corporate bond portfolio. Net premiums written, for the quarter were $4.7 billion, up 2.4% YoY and in terms of Business segments, Net premiums written in Insurance - Overseas General segment increased to $1.7 billion, up 9.4% YoY. Net income for the quarter was $2.32 per diluted share, compared with $2.66 per diluted share for Q3 2013. Evan G. Greenberg, Chairman and CEO of ACE, commented, "P&C underwriting income was up 5% as a result of growth in earned premium and steady underwriting margin. The combined ratio of 86.3% benefitted from strong current accident year results, positive prior years' reserve development and relatively light catastrophe losses." The full research reports on ACE are available to download free of charge at:
http://www.analystsreview.com/Oct-28-2014/ACE/report.pdf
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Discover Financial Services Research Reports
On October 21, 2014, Discover Financial Services (Discover) reported its financials for Q3 2014. Net interest income for Q3 2014 was $1.6 billion, up 8.5% YoY and diluted EPS for the quarter was $1.37 as compared to $1.20 in Q3 2013. Total loans during the quarter grew $4.6 billion, or 7.4%, from the prior year to $67.4 billion. In terms of its segments, the Direct Banking segment reported pretax income of $981 million, up 6.9% YoY. David Nelms, Chairman and CEO of Discover, said, "I am very pleased with Discover's results this quarter, which were driven by robust card loan growth, strong revenue growth and near historically low credit performance resulting in continued better than industry returns." The full research reports on Discover are available to download free of charge at:
http://www.analystsreview.com/Oct-28-2014/DFS/report.pdf
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The Charles Schwab Corporation Research Reports
On October 23, 2014, The Charles Schwab Corporation (Schwab) announced common stock dividend and preferred stock dividend. The Company will pay cash dividend of $0.06 per common share, payable on November 21, 2014 to shareholders of record as on November 7, 2014. Schwab will pay regular quarterly dividend on the outstanding Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series B, of $15.00 per share or $0.375 per depositary share, each signifying 1/40th interest in a share of Series B Preferred Stock. The dividend is payable December 1, 2014, to stockholders of record at the close of business on November 14, 2014. The full research reports on Schwab are available to download free of charge at:
http://www.analystsreview.com/Oct-28-2014/SCHW/report.pdf
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Janus Capital Group, Inc. Research Reports
On October 23, 2014, Janus Capital Group, Inc. (JCG) reported its financial results for third quarter ending September 30, 2014. The Average Assets under Management during the quarter were $176.5 billion, up 6.8% YoY. Revenue for the quarter came in at $237.0 million, up 8.9% YoY and the diluted EPS was $0.22 as compared to $0.17 in Q3 2013. At September 30, 2014, JCG had stockholders' equity of $1.6 billion, cash and investments of $776.1 million and outstanding debt of $449.8 million. The full research reports on JCG are available to download free of charge at:
http://www.analystsreview.com/Oct-28-2014/JNS/report.pdf
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