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Agreements, Dividends, Appointments, and Issuance of Certificates - Analyst Notes on Bank of America, Goldman Sachs, Sovran Self Storage, Washington REIT, and Universal Insurance Holdings

Editor Note: For more information about this release, please scroll to bottom


News provided by

Analysts Review

Apr 22, 2014, 08:00 ET

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NEW YORK, April 22, 2014 /PRNewswire/ --

Today, Analysts Review released its analysts' notes regarding Bank of America Corporation (NYSE: BAC), The Goldman Sachs Group, Inc. (NYSE: GS), Sovran Self Storage Inc. (NYSE: SSS), Washington Real Estate Investment Trust (NYSE: WRE), and Universal Insurance Holdings Inc. (NYSE: UVE). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/1207-100free

--

Bank of America Corporation Analyst Notes 

On April 9, 2014, Bank of America Corporation (Bank of America) announced that it has reached an agreement with the Office of the Comptroller of the Currency (OCC) and the Consumer Financial Protection Bureau (CFPB). According to the Company, the agreement is for resolving issues related to the marketing and sale of credit card debt cancellation products and billing of identity theft protection products, including those marketed and billed by its vendors. Additionally, the Company stated that it has stopped marketing identity theft protection products as of December 2011, and credit card debt cancellation products as of August 2012. Bank of America added that as part of the agreement, it will pay fines totaling $45 million to the OCC and CFPB and will also refund approximately $738 million to the affected customers. The full analyst notes on Bank of America Corporation are available to download free of charge at:

http://www.analystsreview.com/1207-BAC-22Apr2014.pdf

--

The Goldman Sachs Group, Inc. Analyst Notes 

On April 11, 2014, The Goldman Sachs Group, Inc. (Goldman Sachs) announced that it has declared dividends on its series of non-cumulative preferred stock. According to the release, dividends of $236.98 per share on Series A and $252.78 per share on Series C and D of Floating Rate Non-Cumulative Preferred Stock, $387.50 and $371.88 per share of 6.20% and 5.95%, Non-Cumulative Preferred Stock, Series B and I, respectively, and $343.75 per share of 5.50% Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series J, respectively, will be paid on May 12, 2014, to preferred shareholders of record as of April 27, 2014. Additionally, Goldman Sachs stated that it has declared a dividend of $1,011.11 per share of Perpetual Non-Cumulative Preferred Stock, Series E and F, payable on June 2, 2014 to shareholders of record as of May 18, 2014. The full analyst notes on The Goldman Sachs Group, Inc. are available to download free of charge at:

http://www.analystsreview.com/1207-GS-22Apr2014.pdf

--

Sovran Self Storage Inc. Analyst Notes 

On April 7, 2014, Sovran Self Storage Inc. (Sovran Self Storage) announced that its Board of Directors has declared a quarterly dividend of $0.68 per share of common stock. According to the release, the quarterly dividend is payable on April 28, 2014, to shareholders of record as of April 17, 2014. The full analyst notes on Sovran Self Storage Inc. are available to download free of charge at:

http://www.analystsreview.com/1207-SSS-22Apr2014.pdf

--

Washington Real Estate Investment Trust Analyst Notes 

On April 7, 2014, Washington Real Estate Investment Trust (Washington REIT) announced the appointment of Mr. Thomas Q. Bakke, as Executive Vice President and Chief Operating Officer, with effect from April 21, 2014. According to the Company, Mr. Bakke will be responsible for overseeing all aspects of the Company's real estate operations, including asset management, marketing, leasing, property management and development. The Company informed that prior to joining Washington REIT, Mr. Bakke served as a Senior Managing Director at Cushman & Wakefield. Paul T. McDermott, President and CEO of Washington REIT said, "Tom will play a pivotal role in driving our strategy forward as we continue to focus on our core business and aggressively pursue strategic opportunities to further strengthen and expand the portfolio. I look forward to working closely with Tom as we elevate Washington REIT to a new level of success that delivers long-term value for our shareholders." The full analyst notes on Washington Real Estate Investment Trust are available to download free of charge at:

http://www.analystsreview.com/1207-WRE-22Apr2014.pdf

--

Universal Insurance Holdings Inc. Analyst Notes 

On April 10, 2014, Universal Insurance Holdings Inc. (Universal Insurance Holdings) announced that the Insurance Commissioner of Delaware has issued a Certificate of Authority to Universal Property & Casualty Insurance Company (UPCIC), a wholly-owned subsidiary of the Company, approving UPCIC as a licensed insurance entity in Delaware. According to the release, UPCIC expects to file its homeowners insurance rates and forms with the Delaware Insurance Commissioner and expects to begin writing homeowners insurance in Delaware by the end of Q2 2014, pending normal regulatory approvals. Chairman, President and CEO, Sean P. Downes, stated, "Geographic diversification is a key component of our strategy to drive shareholder value, and this approval marks another important step in that process. We look forward to building strong relationships with independent agents in Delaware and offering our insurance products to citizens of the state." The full analyst notes on Universal Insurance Holdings Inc. are available to download free of charge at:

http://www.analystsreview.com/1207-UVE-22Apr2014.pdf

--


About Analysts Review
We provide our members with a simple and reliable way to leverage our economy of scale. Most investors do not have time to track all publicly traded companies, much less perform an in-depth review and analysis of the complexities contained in each situation. That's where Analysts Review comes in. We provide a single unified platform for investors' to hear about what matters. Situation alerts, moving events, and upcoming opportunities.

--

=============

EDITOR NOTES: 

  • This is not company news. We are an independent source and our views do not reflect the companies mentioned.
  • Information in this release is fact checked and produced on a best efforts basis and reviewed by Nidhi Vatsal, a CFA charterholder. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.
  • This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.
  • If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at pubco [at] AnalystsReview.com.
  • For any urgent concerns or inquiries, please contact us at compliance [at] AnalystsReview.com.
  • Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to research [at] AnalystsReview.com for consideration.

COMPLIANCE PROCEDURE 

Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Analysts Review. An outsourced research services provider represented by Nidhi Vatsal, CFA, has only reviewed the information provided by Analysts Review in this article or report according to the Procedures outlined by Analysts Review. Analysts Review is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.

NOT FINANCIAL ADVICE 

Analysts Review makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.

NO WARRANTY OR LIABILITY ASSUMED 

Analysts Review is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Analysts Review whatsoever for any direct, indirect or consequential loss arising from the use of this document. Analysts Review expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Analysts Review does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

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