(AFL) Aflac Raises $450M from Notes
Recently, Aflac Inc. (AFL) announced the sale of long-term subordinated notes worth $450 million, thereby inflating it from the initial plan to issue notes worth $250 million. Additionally, a green...
View Article(MCO) Regions Financial under Review by Moody’s
On Wednesday, Moody’s Investors Service, a rating arm of Moody’s Corp. (MCO) kept the long-term ratings of Regions Financial Corp. (RF) and its subsidiaries under review for upgrade. The rating agency...
View Article(MCO) Moody’s May Downgrade Canadian Banks
Moody’s Investors Service – the credit rating arm of Moody’s Corp. (MCO) – has put the long-term ratings of six major Canadian banks on review for a possible one-notch downgrade. The potential rating...
View Article(PRU) Prudential Issues $500M Junior Notes
On Wednesday, Prudential Financial, Inc. (PRU) issued long-term junior subordinated notes worth $500 million. The issue was doubled from the originally planned $250 million. The net proceeds are...
View Article(BAC) Bank of America Neutral Maintained
We are maintaining our long-term ‘Neutral’ recommendation on Bank of America Corporation (BAC) to reflect the company’s improving credit quality and various restructuring measures undertaken. Yet, we...
View Article(MCO) PNC Financial Downgraded by Moody’s
Moody’s Investors Service, a rating arm of Moody’s Corp. (MCO), downgraded the rating outlook of PNC Financial Services Group Inc. (PNC) and its subsidiaries. Moody’s downgraded the long-term ratings...
View Article(MCO) Zions Bancorp Ratings Upgraded by Moody’s
Moody’s Investors Service, a rating arm of Moody’s Corp. (MCO), has completed the review for the upgrade in ratings of Zions Bancorp. (ZION) and its subsidiaries initiated on Oct 3. Following the...
View Article(UBS) Foreign Banks Stock Outlook – February 2013 – Zacks Analyst Interviews
In order to plan the path to future growth, banks all over the world are seeking new strategies to lessen the regulatory burden. Almost every bank has its focus on capital efficiency. And most of the...
View Article(CME) CME Group Dips to Underperform
On Feb 27, we downgraded derivative exchange CME Group Inc. (CME) to Underperform based on its weak top-line growth over the last several quarters. Why the Downgrade? Estimates for CME Group have...
View Article(V) Visa Stays at Neutral
On Mar 5, we reiterated our Neutral recommendation on Visa Inc. (V) based on its improving product portfolio and operating leverage that partly mitigate the regulatory challenges. However, higher...
View Article(AXP) Fed Approves American Express’ Capital Plan
In its second attempt so far this year, American Express Co. (AXP) (AmEx) succeeded in receiving approval for its capital plan for the next one year from the Federal Reserve (Fed). The last capital...
View Article(MCO) Moody’s Upgraded to Strong Buy
On Mar 21, 2013, Zacks Investment Research upgraded Moody’s Corp. (MCO) to a Zacks Rank #1 (Strong Buy). With a strong return of 23.4% over the past one year and a positive estimate revision trend,...
View Article(NDAQ) Nasdaq OMX Group Analyst Maintains Neutral on Shares
On Apr 9, 2013, we reiterated our Neutral recommendation on Nasdaq OMX Group Inc. (NDAQ) based on its diversified growth strategy and expense management, which is partially offset by higher debt...
View Article(ICE) Intercontinental Exchange Shares Hits 52-Week High
On Mar 25, 2013, shares of Intercontinental Exchange, Inc. (ICE) hit a 52-week high of $163.81. Previously, the company had reported fourth-quarter results with an earnings surprise of 5.1%. This...
View Article(PFE) Grading the Q1 Earnings Season – Earnings Preview
Grading the Q1 Earnings Season We have crossed the halfway mark in the Q1 earnings season, with results from 271 S&P 500 companies already out (as of Friday, April 26th). Please note that these 271...
View Article(PFE) Grading the First Quarter Earnings Season – Earnings Preview
Grading the Q1 Earnings Season We have crossed the halfway mark in the Q1 earnings season, with results from 271 S&P 500 companies already out (as of Friday, April 26th). Please note that these 271...
View Article(MGI) MoneyGram Partners With Bosnian Bank
MoneyGram (MGI) entered into a partnership agreement with a leading bank in Bosnia-Herzegovina and the pan European region – Intesa San Paolo Bank to expand its money transfer network in Bosnia....
View Article(AXP) American Express Shares Hit 52-Week High
On May 21, 2013, shares of American Express Co. (AXP), also known as AmEx, hit a 52-week high of $75.11. The company reported first-quarter results with a positive earnings surprise of 3.6%. AmEx...
View Article(DB) Deutsche Bank AG Issues $1.5 Billion in Notes
Recently, Frankfurt-based Deutsche Bank AG (DB) issued $1.5 billion of subordinated notes that qualify under Tier 2 capital. The notes have a maturity date of May 24, 2028. The issuance of notes is...
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