Banking Institutions and Specialty Finance Companies Announce Financial Results, Dividends and Appointments - Research Report on Credit Suisse, Deutsche Bank, Bancolombia, Popular, and Hercules PR Newswire NEW YORK, August 9, 2013 NEW YORK, August 9, 2013 /PRNewswire/ -- Editor Note: For more information about this release, please scroll to bottom. Today, Analysts' Corner announced new research reports highlighting HDFC Bank Ltd. (NYSE: HDB), Deutsche Bank AG (NYSE: DB), Bancolombia S.A. (NYSE: CIB), Popular, Inc. (NASDAQ: BPOP), and Hercules Technology Growth Capital, Inc. (NYSE: HTGC). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below. Credit Suisse Group Research Report On July 25, 2013, Credit Suisse Group (Credit Suisse) reported its Q2 2013 financial results. On a GAAP basis, the Company reported net revenues were up by 10.9% YoY and down by 2.7% QoQ to (Swiss Franc) CHF 6.9 billion. The Company posted net income attributable to shareholders of CHF 1 billion or earnings of CHF 0.52 per diluted share compared to CHF 1.3 billion or CHF 0.75 earnings per diluted share in Q1 2013 and CHF 788 million or CHF 0.44 earnings per diluted share in Q2 2012. Brady W. Dougan, Credit Suisse CEO, said, "We are pleased to have exceeded our target of 10% for the middle of this year. With an underlying return on equity of 13% for the first six months of 2013 and 10% for the second quarter, our business model is performing well and we continue to make progress in reducing our cost base and balance sheet." The Full Research Report on Credit Suisse Group - 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/78e3_CS] Deutsche Bank AG Research Report On August 5, 2013, Deutsche Asset & Wealth Management (DeAWM), brand name for the Asset Management & Wealth Management division of Deutsche Bank AG and its subsidiaries, announced that it has appointed Richard Glass as U.S. Head of Small and Mid Cap Value Equities. DeAWM informed that Richard J. Hanlon and Mary C. Schafer will also be joining the Company and will be reporting to Glass. According to Jerry Miller, Head of DeAWM Americas, "We are very pleased to welcome Rich and enhance our equities offering as we continue to build on our strengths in the U.S." According to the Company, Glass will report to Owen Fitzpatrick, Head of Equities for the Americas, starting early September 2013. Additionally, Glass will also be the lead portfolio manager for DWS Small Cap Value Fund, DWS Mild Cap Value Fund and DWS Small Mid Cap Value VIP. DeAWM stated that Glass holds 22 years of experience in U.S. small cap and mid cap value investment, and hence he would enhance the firm's equity investment products, and complement its existing strength in other strategies. The Full Research Report on Deutsche Bank AG - 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/30a8_DB] Bancolombia S.A. Research Report On August 5, 2013, Bancolombia S.A. (Bancolombia) reported its Q2 2013 financial results. The Company's net income stood at (Colombian Peso) COP 209.7 billion or COP 246.21 per diluted share compared to COP 492.7 billion or COP 578.45 per diluted share in Q1 2013, and COP 354.5 billion or COP 416.16 per diluted share in Q 2 2012. According to the Company, the net income for Q2 2013 was affected by the mark to market losses in the securities portfolio of the Bank. Bancolombia reported that assets went up by 5.8% QoQ and 25.2% YoY to COP 109.2 trillion. The Full Research Report on Bancolombia S.A. - 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/496c_CIB] Popular, Inc. Research Report On August 5, 2013, Popular, Inc. (Popular) announced that it has declared monthly cash dividends on its outstanding shares of Non-cumulative Monthly Income Preferred Stock. According to the Company, a monthly cash dividend of $0.13 per share of 6.375% Non-cumulative Monthly Income Preferred Stock, 2003 Series A, will be payable on September 3, 2013, to holders of record as of August 15, 2013; and a monthly cash dividend of $0.17 per share of 8.25% Non-cumulative Monthly Income Preferred Stock, Series B, will be payable on September 3, 2013, to holders of record as of August 15, 2013. The Full Research Report on Popular, 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/f129_BPOP] Hercules Technology Growth Capital, Inc. Research Report On August 1, 2013, Hercules Technology Growth Capital, Inc. (Hercules Technology Growth Capital) released its financial results for Q2 2013. The Company's total investment income was posted at a record high of $34.5 million, a 44.7% YoY increase, whereas net investment income increased 43.1% YoY to $17.6 million. Manuel A. Henriquez, President and CEO of Hercules, said, "While we had a robust quarter of origination activity, the majority of these commitments closed late in the quarter and as a result, we expect the revenue generation from the funding of these new assets to be fully reflected in our third quarter results. We are well positioned for rising interest rates with over 98% of our debt investment portfolio priced at floating interest rates with a Prime or LIBOR based interest rate floor and all of our debt outstanding priced at fixed rates." The Company also stated that its Board of Directors has approved a Q2 2013 cash dividend of $0.28 per share which will be payable on August 20, 2013, to shareholders of record as of August 13, 2013. The Full Research Report on Hercules Technology Growth Capital, 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/62c6_HTGC] 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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Banking Institutions and Specialty Finance Companies Announce Financial Results, Dividends and Appointments - Research Report on
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