NEW YORK, April 21, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding The Allstate Corporation (NYSE: ALL), Northern Trust Corporation (NASDAQ: NTRS), Discover Financial Services (NYSE: DFS), KeyCorp (NYSE: KEY), and M&T Bank Corporation (NYSE: MTB). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/1343-100free
The Allstate Corporation Analyst Notes
On April 14, 2014, The Allstate Corporation (Allstate) reported that the Company has entered into an agreement to sell Sterling Collision Centers, Inc. According to the Company, Sterling Collision Centers, Inc. is being sold to Service King Collision Repair Centers through a transaction that is expected to close by the end of the Q2 2014 and result in a small after-tax gain. Commenting on the announcement, Thomas J. Wilson, Chairman, President, and CEO of Allstate stated, "This sale reflects a continued focus on investing capital where we have a competitive advantage in providing unique offerings to the four consumer insurance segments. Our ownership of Sterling has deepened the company's understanding of the collision-repair business and helped us build industry relationships. The transition for our customers and Allstate agencies will be seamless." The full analyst notes on The Allstate Corporation are available to download free of charge at:
Northern Trust Corporation Analyst Notes
On April 11, 2014, Northern Trust Corporation (Northern Trust) announced that Arle Capital Partners Limited (Arle), has appointed the Company to provide private equity fund administration to two of its funds (Candover 2005 and 2008) with total assets under management of approximately €2 billion or approximately $2.8 billion. According to Northern Trust, the latest appointment extends the Company's existing nine year relationship with Arle. Commenting on the news, Paul Cutts, Northern Trust Country Head, Guernsey, stated, "As Guernsey's largest fund administrator and custodian, Northern Trust is delighted to extend our relationship with Arle. We work closely with each of our clients to understand their individual needs and create tailored solutions that meet their requirements." The full analyst notes on Northern Trust Corporation are available to download free of charge at:
Discover Financial Services Analyst Notes
On April 10, 2014, Discover Financial Services (Discover Financial) announced that it has received an Excellence in Financial Literacy Education (EIFLE) Award from the Institute for Financial Literacy during the Annual Conference on Financial Education in New Orleans. The Company informed that it has won in the "Organization of the Year, Corporate Leadership" category for its financial education program, Pathway to Financial Success. Commenting on the news, David Nelms, Chairman and CEO of Discover Financial, stated, "Discover is helping bring effective personal finance courses to public high schools throughout the country. We are honored to receive the EIFLE Award for Corporate Leadership. Through our Pathway to Financial Success program, we will continue to support our nation's personal finance teachers as they help young people acquire the financial knowledge and skills they need to prepare for successful futures." The full analyst notes on Discover Financial Services are available to download free of charge at:
KeyCorp Analyst Notes
On April 15, 2014, KeyCorp announced that the Company has named Angela G. Mago to lead KeyBank Real Estate Capital and Community Development Lending. The Company informed that Mago succeeds E.J. Burke who last week became Community Bank Co-President, Commercial & Private Banking, at KeyCorp. Additionally, the Company stated that Mago will report to Key Corporate Bank President Christopher M. Gorman. Commenting on the appointment, Gorman stated, "Angela's business acumen, proven leadership and track record for growing businesses make her uniquely qualified to lead KeyBank Real Estate Capital. She has the experience to drive our relationship-based business model and deliver the full breadth of Key to our clients and prospects." The full analyst notes on KeyCorp are available to download free of charge at:
M&T Bank Corporation Analyst Notes
On April 14, 2014, M&T Bank Corporation (M&T Bank) reported its Q1 2014 financial results with net income of $229.0 million, or $1.61 per diluted share, compared to net income of $274.1 million or $1.98 per diluted share in Q1 2013. Commenting on the results, M&T Bank Vice Chairman and CFO, Rene F. Jones, stated, "Revenue trends for the quarter were dampened by lower than normal levels of customer activity during the first two months of the period followed by a rebound in March. Overall, however, the recent quarter was a productive one for M&T. We received a non-objection to our capital plan and proposed capital actions from the Federal Reserve, successfully accessed the debt and preferred equity markets and continued to progress on our infrastructure projects related to BSA/AML compliance, risk management, and capital plan and stress testing efforts." The full analyst notes on M&T Bank Corporation are available to download free of charge at:
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