Money Center Banks and Life Insurance Companies Show Improvement Through Financial Results and Corporate Announcements - Research Report on TD, TCF, Torchmark, RGA, and CIBC PR Newswire NEW YORK, July 30, 2013 NEW YORK, July 30, 2013 /PRNewswire/ -- Editor Note: For more information about this release, please scroll to bottom. Today, Investors' Reports announced new research reports highlighting The Toronto-Dominion Bank (NYSE: TD), TCF Financial Corporation (NYSE: TCB), Torchmark Corp. (NYSE: TMK), Reinsurance Group of America Inc. (NYSE: RGA), and Canadian Imperial Bank of Commerce (NYSE: CM). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below. The Toronto-Dominion Bank Research Report On July 24, 2013, The Toronto-Dominion Bank (TD) announced that it has donated $750,000 to VGH & UBC Hospital Foundation through its TD Grants in Medical Excellence program. TD stated that through the donation, seed funding is being provided for a number of young physician researchers over the next decade. According to Jane Russell, Senior Vice President, TD Bank Group, Pacific Region, "We are pleased to give back to the community in such a significant way through the TD Grants in Medical Excellence program. TD is committed to investing in the future of health care by helping to ensure that physicians and other practicing caregivers have access to funds for research, to upgrade their skills or to further their education." The Full Research Report on The Toronto-Dominion Bank - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-07-26/TD] TCF Financial Corporation Research Report On July 23, 2013, TCF Financial Corporation (TCF) reported its financial results for Q2 2013. Total revenue increased 3.4% QoQ to $301.8 million. Net income was $34.1 million or $0.21 per diluted share, compared to net income of $31.5 million or $0.20 per diluted share in Q2 2012 and $25.5 million or $0.16 per diluted share in Q1 2013. Commenting on the results, William A. Cooper, Chairman and Chief Executive Officer, said, "During the second quarter, TCF experienced solid increases throughout its multiple core revenue sources and another quarter of solid improvement in credit trends. Over the last three quarters, TCF has seen continued improvement in our credit metrics, particularly in the consumer real estate portfolio where home values have risen and consumer confidence has strengthened, and we have maintained strong performance in our national businesses." The Full Research Report on TCF Financial Corporation- including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-07-26/TCB] Torchmark Corp. Research Report On July 24, 2013, Torchmark Corp (Torchmark) reported its financial results for Q2 2013. Net income increased by 3.8% YoY to $133.9 million or $1.44 per diluted share, compared to net income of $129 million or $1.32 per diluted share in Q2 2012. The Company's net operating income increased to $132.7 million or $1.42 per diluted share, compared to $127.0 million or $1.30 per diluted share in Q2 2012. The Company said that net operating income, a non-GAAP financial measure, has long been consistently used by Torchmark's management to evaluate the operating performance of the Company, and is a measure commonly used in the life insurance industry. The Full Research Report on Torchmark Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-07-26/TMK] Reinsurance Group of America Inc. Research Report On July 12, 2013, Reinsurance Group of America Inc. (RGA) announced that its subsidiary, RGA Reinsurance Company, has received a preparatory license from the China Insurance Regulatory Commission (CIRC) to operate as a licensed life reinsurance branch in China. According to Greig Woodring, President and Chief Executive Officer of RGA, "China is a strategically important market to RGA, and we look forward to working with the CIRC to secure our full branch license. We believe China's robust economic growth, improved risk and capital management standards, and health and pension systems reform provide a stable, favorable environment for the growth of the life and health reinsurance industry." The Full Research Report on Reinsurance Group of America Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-07-26/RGA] Canadian Imperial Bank of Commerce Research Report On July 25, 2013, Canadian Imperial Bank of Commerce (CIBC) announced that it is joining the Government of Alberta in helping business impacted by recent flooding through the Alberta Flood Recovery Loan Guarantee Program. According to CIBC, the program is intended to provide affected business with loans to ensure smooth operations as they recover. According to Mark Galbraith, Region Head - Alberta, CIBC, "CIBC is committed to supporting communities in Alberta recover from the flooding. As part of this support, we are pleased to partner with the Government of Alberta to support businesses through this challenging time. Local businesses are at the core of so many communities and this program will help revitalize those businesses affected by the flooding, which in turn allows communities to thrive despite the unprecedented setback." The Full Research Report on Canadian Imperial Bank of Commerce - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-07-26/CM] EDITOR NOTES: 1.This is not company news. We are an independent source and our views do not reflect the companies mentioned. 2.Information in this release is fact checked and produced on a best efforts basis and reviewed by a CFA. However, we are only human and are prone to making mistakes. 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Money Center Banks and Life Insurance Companies Show Improvement Through Financial Results and Corporate Announcements -
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