Stock Price Updates, Redemption of Preferred Securities, Corporate Reorganizations, and Conference Participation - Research Report on U.S. Bancorp, Fifth Third, Huntington, Wintrust, and Comerica
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NEW YORK, December 6, 2013 /PRNewswire/ --
Today, Analysts' Corner announced new research reports highlighting U.S. Bancorp (NYSE: USB), Fifth Third Bancorp (NASDAQ: FITB), Huntington Bancshares Incorporated (NASDAQ: HBAN), Wintrust Financial Corporation (NASDAQ: WTFC), and Comerica Incorporated (NYSE: CMA). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
U.S. Bancorp Research Report
On December 3, 2013, U.S. Bancorp's stock was down 1.76%, closing the day at $38.52. Over the past three trading days, the Company's stock declined 2.11%, as compared to the Dow Jones Industrial Average Index, which ended 1.14% lower, during the same trading period. The Full Research Report on U.S. Bancorp - 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/67a1_USB
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Fifth Third Bancorp Research Report
On November 27, 2013, Fifth Third Bancorp (Fifth Third) announced that it has submitted redemption notices to the trustee for redemption on December 30, 2013, for all of $750 million of the outstanding trust preferred securities issued by Fifth Third Capital Trust IV. Additionally, the Company stated that the Fifth Third Capital Trust IV securities have a current distribution rate of 6.50%, and a final repayment date of April 1, 2067. According to the Company, pursuant to the terms of the trust preferred securities, the securities of Fifth Third Capital Trust IV may be redeemed within 90 days of a "Capital Treatment Event," at a redemption price of $1,000 per security, which reflects 100% of the liquidation amount, plus a total amount of accrued and unpaid distributions of $10,291,666.67 will be paid to the holders of the trust preferred securities to the actual redemption date. The Full Research Report on Fifth Third Bancorp - 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/8d06_FITB
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Huntington Bancshares Incorporated Research Report
On December 3, 2013, Huntington Bancshares Incorporated (Huntington) announced a reorganization among its executive leadership to drive Huntington National Bank's, which is a subsidiary, ongoing growth and leverage the knowledge of its highly experienced team, as three of its successful leaders are set to take on new responsibilities and a fourth long-term executive has chosen to retire. According to the Company, Jim Dunlap will now head the bank's wealth and government banking group, succeeding Dan Benhase, who has decided to retire in 2014. Meanwhile, Rick Remiker will replace Dunlap as the Lead Commercial Banking Executive, while Paul Heller will now handle Huntington's mortgage business as Chief Technology and Operations Officer. Commenting on Dan Benhase's retirement, Huntington's Chairman, President and CEO Steve Steinour stated, "During his 13-year tenure with Huntington, Dan led the successful development of the wealth group. He also took on additional responsibilities and successfully managed our home lending division during a challenging time in the market." The Full Research Report on Huntington Bancshares Incorporated - 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/25d4_HBAN
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Wintrust Financial Corporation Research Report
On December 3, 2013, Wintrust Financial Corporation's (Wintrust Financial) stock closed at $44.56, down 0.56% from its previous trading price. The Company's stock went down by 1.57% over the past three trading day period, compared to the Dow Jones Industrial Average Index, which ended 1.14% lower during the same period. The Full Research Report on Wintrust Financial Corporation - 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/5785_WTFC
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Comerica Incorporated Research Report
On December 3, 2013, Comerica Incorporated (Comerica) announced that it will make a presentation at the Goldman Sachs U.S. Financial Services Conference 2013 on December 10, 2013, and beginning at 4:00 p.m. ET. According to the Company, Ralph W. Babb Jr., Chairman and CEO of Comerica will speak on behalf of the Company, along with other participants - Karen L. Parkhill, Vice Chairman and CFO, and Darlene P. Persons, Director of Investor Relations. Comerica stated that the live audio webcast along with the presentation slides will be made available through the Company's website, under investor relations. The Full Research Report on Comerica Incorporated - 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/8596_CMA
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