NEW YORK, April 27, 2015 /PRNewswire/ --
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Moments ago, Analysts Review released new research updates concerning several important developing situations including Regions Financial Corporation. (NYSE:RF), Bank of America Corporation (NYSE: BAC), Visa Inc. (NYSE: V), Mattel Inc. (NASDAQ: MAT), and National Bank of Greece SA. (NYSE: NBG). Analysts Review provides a single unified platform for investors' to hear about what matters - proudly employing registered CFA® research staff and rigorous compliance procedures. The full research reports are being made available to the public for informational purposes only.
To access our full PDF reports on a complementary basis, please visit the links below.
Today's update concerns the following companies:
Full PDF Download Links (you may have to copy and paste the following links into your browser):
RF Research Report: ( http://get.analystsreview.com/pdf/?c=Regions%20Financial%20Corporation&d=27-Apr-2015&s=RF ),
BAC Research Report: ( http://get.analystsreview.com/pdf/?c=Bank%20of%20America&d=27-Apr-2015&s=BAC ),
V Research Report: ( http://get.analystsreview.com/pdf/?c=Visa%20Inc.&d=27-Apr-2015&s=V ),
MAT Research Report: ( http://get.analystsreview.com/pdf/?c=Mattel%20Inc.&d=27-Apr-2015&s=MAT ),
NBG Research Report: ( http://get.analystsreview.com/pdf/?c=National%20Bank%20of%20Greece&d=27-Apr-2015&s=NBG ).
Analyst Update: Market Expansions, Lawsuit Penalties, Estimates & Earnings
Reviewed by: Rohit Tuli, CFA®
U.S. stocks advanced higher on Friday, April 24, 2015, led by strong first quarter results of major technology heavyweights. The NASDAQ Composite advanced 0.71%, to close at 5,092.09; the Dow Jones Industrial Average rose 0.12%, to finish the day at 18,080.14, and the S&P 500 finished at 2,117.69, up 0.23%. European stocks recovered on Friday, following a disappointing run on previous trading session. Germany's DAX 30 rose 0.74%; France's CAC 40 advanced 0.44%, and London's FTSE 100 gained 0.24% on Friday. Meanwhile, major Asian stock markets fell on Friday as China's securities regulator announced to accelerate approval of initial public offerings in a seeming effort to cool the red hot market. The Shanghai Composite and Japan's Nikkei both closed lower on Friday.
On April 21, 2015, Regions Financial Corporation (Regions Financial) announced earnings for the first quarter of 2015. The company reported net income available to common shareholders of $218 million and earnings per diluted share of $0.16. The earning per share was below the street expectation of $0.18, as per data available on Yahoo Finance.
In an article on Wall Street Journal dated April 22, 2015, Bank of America Corp. appealed a court ruling of having to pay a $1.27 billion penalty over an old mortgage program known as "the Hustle". BoA also citied Judge Rakoff as being critical of big banks and certain settlements involving the financial-services industry in the past, thereby questioning his fairness and objectivity.
Mattel Inc. (Mattel) first-quarter results beat Wall Street expectations, sending its stock price higher as its new chief executive continued his pledge to revive lagging sales of Barbie and Fisher-Price toys, reported bizjournal. On April 16, 2015, the toymaker posted a loss of $0.08 per share after adjusting for severance costs and costs related to mergers and acquisitions, beating Zacks analysts' expectations of a loss per share of $0.09.
As positive news for Visa Inc., on April 22, 2015, the Chinese Government announced that it would open its domestic market to foreign card payment networks. According to an article on Reuters, the move should allow foreign players such as Visa Inc and MasterCard Inc, the world's two largest credit and debit card suppliers, direct access to a market valued at $6.84 trillion last year.
National Bank of Greece SA (NBG) announced its 2014 full year results, with total revenues declining slightly from the earlier EUR3.76 billion to EUR3.75 billion, a fall of 0.3%. The Company however managed its expenses better, which came in at EUR 2.07 billion as compared to EUR 2.35 billion a year ago.
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Editor Note: This is not company news. We are an independent source and our views do not reflect the companies mentioned.
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