NEW YORK, August 12, 2013 /PRNewswire/ --
Today, Analysts' Corner announced new research reports highlighting Wells Fargo & Company (NYSE: WFC), KeyCorp. (NYSE: KEY), SunTrust Banks, Inc. (NYSE: STI), Royal Bank of Canada (NYSE: RY), and HSBC Holdings plc (NYSE: HBC). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Wells Fargo & Company Research Report
On August 7, 2013, Wells Fargo & Company (Wells Fargo) and American Express jointly announced a new partnership, under which Wells Fargo will begin issuing new credit cards that will be accepted on the American Express network. Commenting on the partnership, John Stumpf, Chairman and CEO of Wells Fargo, said, "We are delivering on our strategy to expand our credit card business. Our goal is to offer Wells Fargo customers a suite of cards that help them meet their financial goals. We're proud to have American Express as a partner in this effort - a great company with a proven brand for customer service." The Full Research Report on Wells Fargo & Company - 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/d00c_WFC]
KeyCorp. Research Report
On August 1, 2013, KeyCorp. (KeyBank) announced that it has successfully closed the previously agreed transaction, which required KeyBank to sell Victory Capital Management and its broker deal affiliate Victory Capital Advisers to the employees of Victory and Crestview Partners. KeyBank expects net after-tax realized gain from the sale to be in the range of $100 million to $115 million, and stated that the cash portion of this gain will be between $75 million and $90 million, which it plans to use for common shares repurchases. The Full Research Report on KeyCorp. - 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/039c_KEY]
SunTrust Banks, Inc. Research Report
On August 5, 2013, SunTrust Banks, Inc. (SunTrust) and MetLife, Inc. (MetLife) together announced that they have entered into a three-year commercial real estate agreement. As per the agreement, SunTrust will finance commercial real estate mortgages originated and managed by MetLife Real Estate Investors. Walt Mercer, Executive Vice President and Head of Commercial Real Estate at SunTrust, commented, "As the commercial real estate market continues to regain its footing, we are actively seeking opportunities that make sense for our clients, SunTrust and our investors." Mercer added, "This agreement with MetLife, a proven and well-respected real estate investment leader, satisfied all of our criteria and we look forward to its potential." The Full Research Report on SunTrust Banks, 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/0069_STI]
Royal Bank of Canada Research Report
On August 7, 2013, Royal Bank of Canada (RBC) announced that the inaugural J.D. Power 2013 Canadian Auto Claims Satisfaction Study has ranked RBC Insurance the highest overall in customer satisfaction for auto insurance claims experiences among insurance companies in Canada. Neil Skelding, President and CEO of RBC Insurance, commented, "When clients choose RBC Insurance as their provider for auto insurance, they put their trust in us to provide quality service and support, especially when they file a claim." Skelding continued, "Having our clients rate us highest in the J.D. Power study speaks volumes about our exceptional team of professionals who deliver their best to our clients each and every day." The Full Research Report on Royal Bank of Canada - 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/0c2c_RY]
HSBC Holdings plc Research Report
On August 5, 2013, HSBC Holdings plc (HSBC) released its H1 2013 results. The Company's revenues were down 6.8% YoY to $34.4 billion in H1 2013. Profit before tax was up 10.5% YoY to $14.1 billion. Return on average shareholders' equity was 12%, compared to 10.5% in H1 2012. Cost efficiency ratio was 53.5%, compared to 57.5% in H1 2012. Diluted EPS was up at $0.54, compared to $0.45 in H1 2012. Stuart Gulliver, Group Chief Executive, said, "Both reported and underlying profit before tax increased in the first half. These results demonstrate that we have continued to make progress on delivering our strategy." The Full Research Report on HSBC Holdings plc - 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/403c_HBC]
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