Schedules, Appointments, Financial Results, and Corporate Announcements by
Financial Companies - Research Report on Bank of America, Goldman Sachs,
American Express, AIG, and Discover
Editor Note: For more information about this release, please scroll to bottom.
NEW YORK, October 31, 2013
NEW YORK, October 31, 2013 /PRNewswire/ --
Today, Analysts' Corner announced new research reports highlighting Bank of
America Corporation (NYSE: BAC), The Goldman Sachs Group, Inc. (NYSE: GS),
American Express Company (NYSE: AXP), American International Group, Inc.
(NYSE: AIG), and Discover Financial Services (NYSE: DFS). Today's readers may
access these reports free of charge - including full price targets, industry
analysis and analyst ratings - via the links below.
Bank of America Corporation Research Report
On October 28, 2013, Bank of America Corporation (Bank of America) reported
that Bank of America Merrill Lynch has successfully onboarded its first pilot
client into production of a new file-based electronic bank account management
(eBAM) system. According to the Company, the automation enables clients to use
eBAM as the primary way to deliver requests to their banks to open and close
accounts, pull account details and update signers. Commenting on the release,
Cindy Murray, Head of Global Treasury Product Platforms and eChannels stated,
"Providing timely account details directly to our clients using an automated
query response method such as eBAM will significantly improve our client
experience. We have always been a supporter of multi-bank industry standards
solutions. Our membership and leadership in the Common Global Implementation
(CGI) eBAM workgroup and the Global Rapid eBAM Adoption Team (GReAT) enabled
the cross-bank and vendor collaboration necessary to complete the
harmonization required for this implementation." The Full Research Report on
Bank of America Corporation - including full detailed breakdown, analyst
ratings and price targets - is available to download free of charge at:
The Goldman Sachs Group, Inc. Research Report
On October 22, 2013, The Goldman Sachs Group, Inc. (Goldman Sachs) announced
the sale of a majority stake in its UK pensions insurance business Rothesay
Life. According to the Company, funds managed by Blackstone and GIC each
acquire 28.5% of the shares, along with Massachusetts Mutual Life Insurance
Company which will acquire 7% holding. The Company further stated that it will
retain 36% of the stake and the transaction is subject to regular approval.
Commenting on the release, Michael Sherwood Vice Chairman of the Company
stated, "Rothesay Life's success has now brought it to a size at which it is
more capital-efficient for Goldman Sachs to share its ownership with other
investors. As a market leader in a dynamic industry, Rothesay Life can
continue its growth as a standalone business with the benefit of diversified
ownership. We are pleased to remain the largest shareholder alongside three
world class investors." The Full Research Report on The Goldman Sachs Group,
Inc. - including full detailed breakdown, analyst ratings and price targets -
is available to download free of charge at:
American Express Company Research Report
On October 28, 2013, American Express Company (American Express) announced
that the Company's President, Enterprise Growth, Dan Schulman, will
participate in the Citi 2013 Financial Technology Conference in Boston on
November 7, 2013, at 1:15 p.m. ET. According to the Company, Mr. Schulman will
also participate in a question and answer session related to Enterprise Growth
business and digital payments strategy of American Express. Additionally,
American Express informed that a live audio webcast will be made available to
the public through the Company's Investor Relations website along with an
audio replay of the presentation which will be made available after the event.
The Full Research Report on American Express 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/13d0_AXP]
American International Group, Inc. Research Report
On October 25, 2013, American International Group, Inc. (AIG) announced the
appointment of Seraina Maag as the new President and CEO of its Europe, Middle
East, and Africa (EMEA) region, effective November 11, 2013. According to the
Company, Ms. Maag will oversee the insurance businesses in the 47 countries
that come under AIG's EMEA region, and will report directly to Peter D.
Hancock, CEO of AIG Property Casualty. Commenting on the appointment, Mr.
Hancock stated, "We have made great strides over the past several years, and
Seraina's appointment marks a wonderful addition to our team as we continue to
concentrate on refocusing our business, improving our risk selection, and
delivering outstanding service to our brokers and customers around the world."
The Full Research Report on American International Group, Inc. - including
full detailed breakdown, analyst ratings and price targets - is available to
download free of charge at:
Discover Financial Services Research Report
On October 21, 2013, Discover Financial Services (Discover) released its Q3
2013 financial results. The Company's reported net income allocated to common
stockholders was $579 million or $1.20 per diluted share in Q3 2013, compared
to $631 million or $1.24 per diluted share in Q3 2012. Commenting on the
results, David Nelms, Chairman and CEO of Discover stated, "Discover's card
loan growth continues to exceed industry growth while charge-offs achieved new
record lows. During the quarter we launched Discover Home Equity Loans as we
continue to expand our direct banking product suite to more broadly serve
consumer needs." The Full Research Report on Discover Financial Services -
including full detailed breakdown, analyst ratings and price targets - is
available to download free of charge at:
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SOURCE Analysts' Corner
Contact: Joe Thomas : +1-310-496-8071 (North America)
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