Study Findings, Company Initiative, Market Activity, Purchases, and Assets Under Management - Analyst Notes on Wells Fargo, Bank of America Merrill Lynch, Doral Financial, Physicians Realty Trust and AllianceBernstein Holding
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NEW YORK, June 16, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Wells Fargo & Company (NYSE: WFC), Bank of America Corporation (NYSE: BAC), Doral Financial Corp. (NYSE: DRL), Physicians Realty Trust (NYSE: DOC) and AllianceBernstein Holding L.P (NYSE: AB). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/3309-100free.
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Wells Fargo & Company Analyst Notes
On June 10, 2014, Wells Fargo & Company (Wells Fargo) released the findings of the 2014 Wells Fargo Millennial Study, which was conducted online by Harris Poll on behalf of Wells Fargo. The Company informed that the survey was conducted among over 1,600 U.S. adults aged 22-33 ("millennials"), and among over 1,500 U.S. adults aged 49-59 ("baby boomers"). According to the Study, millennial Americans said that the Great Recession of 2008 taught them to save "now" to "survive" economic problems of future. The study found that 55% are saving for retirement while 45% are not saving. The savings also varies by gender as 61% of men and 50% of women reported that they are saving. About 50% of all millennials report they are "satisfied" with their savings at this point in their lives, with 58% of men feeling satisfied versus 41% of women. The full analyst notes on Wells Fargo are available to download free of charge at:
http://www.analystsreview.com/Jun-16-2014/WFC/report.pdf
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Bank of America Corporation Analyst Notes
On May 28, 2014, Bank of America Corporation (Bank of America Merrill Lynch) announced the Company's participation in the Social Mobility Foundation's City Talent Initiative. According to the Company, starting this summer, for five consecutive years, five Year 12 students from low-income backgrounds get to spend two weeks at the Company's London Headquarters, to get trained and mentored one-on-one by a Vice President and a full-time campus graduate. The Company stated that the initiative aims to help high-achieving young people to consider a university education and a career at a leading city firm. Commenting on the initiative, Alex Wilmot-Sitwell, President for Europe, the Middle East and Africa, Bank of America Merrill Lynch, stated, "We are delighted to be involved in the City Talent Initiative. I commend the Social Mobility Foundation for creating such valuable connections for young high performers at a critical stage of their personal development." The full analyst notes on Bank of America Merrill Lynch are available to download free of charge at:
http://www.analystsreview.com/Jun-16-2014/BAC/report.pdf
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Doral Financial Corp. Analyst Notes
On May 30, 2014, Doral Financial Corp. (Doral Financial) announced that the New York Stock Exchange (NYSE) has contacted the Company in view of unusual market activity in the Company's stock as of May 30, 2014, in accordance with NYSE usual practice. Doral Financial stated that its policy is not to comment on unusual market activity. The full analyst notes on Doral Financial are available to download free of charge at:
http://www.analystsreview.com/Jun-16-2014/DRL/report.pdf
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Physicians Realty Trust Analyst Notes
On May 29, 2014, Physicians Realty Trust announced that the closing of the purchase and leaseback of a single-tenant medical office building located in Jackson, Mississippi, from MSMOC Properties, LLP. Physicians Realty Trust stated that the total purchase price was $16.7 million with a first year unlevered yield of 7.9%, along with $1.9 million worth of operating partnership units in the Company's operating partnership, Physician Realty L.P. (OPUs), given to the physician owners in exchange for their interest in the building, in addition to net cash proceeds. Physicians Realty Trust also closed the purchase of the Carmel Medical Pavilion located in Carmel, Indiana for the total purchase price of approximately $4.7 million with a first year unlevered yield of 7.25%, along with the owners of the building taking around $1.3 million of the net proceeds in OPUs in exchange for their interest in the Carmel Medical Pavilion. The full analyst notes on Physicians Realty Trust are available to download free of charge at:
http://www.analystsreview.com/Jun-16-2014/DOC/report.pdf
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AllianceBernstein Holding L.P Analyst Notes
On June 11, 2014, AllianceBernstein Holding L.P. (AllianceBernstein Holding) and AllianceBernstein L.P. announced that preliminary assets under management during May 2014 increased 2.0% to $466 billion from $457 billion at the end of April, driven by market appreciation and firm-wide net inflows. Net flows from Institutional and Retail were positive, while Private Client net flows were negative. The full analyst notes on AllianceBernstein Holding are available to download free of charge at:
http://www.analystsreview.com/Jun-16-2014/AB/report.pdf
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