Upcoming Conference Schedules, Quarterly Financial Results, Corporate Updates and Philanthropic Initiatives - Research Report on Citigroup, American Tower, Ocwen Financial, MetLife, and U.S. Bancorp
NEW YORK, November 8, 2013 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Today, Analysts' Corner announced new research reports highlighting Citigroup, Inc. (NYSE: C), American Tower Corporation (NYSE: AMT), Ocwen Financial Corp. (NYSE: OCN), MetLife, Inc. (NYSE: MET), and U.S. Bancorp (NYSE: USB). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Citigroup, Inc. Research Report
On November 5, 2013, Citigroup, Inc. (Citigroup) announced that Co-President of Citigroup and CEO of Global Consumer Banking, Manuel Medina-Mora, will present at the Bank of America Merrill Lynch 2013 Banking and Financial Services Conference on November 12, 2013, at approximately 10:30 a.m. EST. Additionally, the Company stated that interested parties may access a live webcast of the presentation via the Company's investor relations webpage. Also, a replay and a transcript of the webcast will be made available at the same location shortly after the event. The Full Research Report on Citigroup, Inc. - 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/7010_C]
American Tower Corporation Research Report
On October 30, 2013, American Tower Corporation (American Tower) released its Q3 2013 financial results. Total revenue increased 13.3% YoY to $807.9 million during the quarter. The Company's net income attributable to American Tower Corporation was $180.1 million or $0.45 per diluted share in Q3 2013, compared to $232.1 million or $0.58 per diluted share in Q3 2012. Commenting on the Company's long term goals, CEO Jim Taiclet said, "We anticipate strong leasing demand for communications site real estate going forward, and through our recently announced acquisitions of Global Tower Partners and portfolios from Nextel International, we have reweighted our asset base toward our three original markets, the U.S., Mexico and Brazil. These investments, coupled with the diversification and growth prospects of our tower assets in Europe, Africa, and Asia, provide the strategic positioning to achieve our long-term objective of driving mid-teen annual growth in AFFO per share." The Full Research Report on American Tower 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/a933_AMT]
Ocwen Financial Corp. Research Report
On October 31, 2013, Ocwen Financial Corp. (Ocwen Financial) released its Q3 2013 financial results. Total revenues were up 128.3% YoY to $531.2 million during the quarter. Net income attributable to Ocwen common stockholders was $61.2 million or $0.44 per diluted share in Q3 2013, compared to $51.4 million or $0.37 per diluted share in Q3 2012. Commenting on the results, Bill Erbey, Company Chairman stated, "Ocwen's revenue growth and cash-flow remain very strong with revenue from our existing portfolio trending ahead of projections. Notwithstanding our record revenues, revenues were suppressed due to delays, that have now been resolved, in boarding the OneWest transaction. We feel very comfortable that once we have completed the ResCap transition to the Ocwen technology platform, we will return to our historical margins." The Full Research Report on Ocwen Financial Corp. - 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/e28b_OCN]
MetLife, Inc. Research Report
On October 31, 2013, MetLife, Inc. (MetLife) announced that it will no longer provide earnings per share (EPS) guidance and will instead focus on providing more meaningful information on its prospects as they relate to the Company's long-term strategic and financial goals. Commenting on the newly made decision, Steven A. Kandarian, Chairman, President, and CEO of MetLife, stated, "After careful study, we have determined that EPS guidance is not the best way to provide information about the real drivers that create shareholder value. We are certainly not alone, as most large financial services companies do not provide earnings guidance. We will instead expand our discussion of key financial metrics and business drivers, creating a more informed view of MetLife's future prospects." The Full Research Report on MetLife, Inc. - 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/afa1_MET]
U.S. Bancorp Research Report
On October 30, 2013, U.S. Bancorp announced that U.S. Bank customers can make donations to Operation Homefront at more than 2,900 U.S. Bank ATMs in 25 states. According to the Company, the funds will go directly to Operation Homefront, a military support nonprofit organization that provides emergency financial and other assistance to families of service members and wounded warriors. The Company further stated that U.S. Bank ATMs will accept contributions from checking or savings accounts in amounts of $5 to $299, from October 30, 2013, through November 20, 2013. Richard Davis, Chairman, President and CEO of the Company, stated, "U.S. Bank is a strong supporter of the military and veterans, and we're honored to assist in this effort to help Operation Homefront meets its mission. American service members and wounded warriors put their lives on the line every day to protect and defend our great nation, and we're proud to be their financial partner." 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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