Banks Announce Survey Results, Layoffs, Auction Winners, and Dividend Updates - Research Report on Bank of America, Citigroup, JPMorgan Chase, Wells Fargo, and PNC

NEW YORK, September 16, 2013 /PRNewswire/ --

Today, Investors' Reports announced new research reports highlighting Bank of America Corporation (NYSE: BAC), Citigroup, Inc. (NYSE: C), JPMorgan Chase & Co. (NYSE: JPM), Wells Fargo & Company (NYSE: WFC), and PNC Financial Services Group Inc. (NYSE: PNC). 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 September 11, 2013, Bank of America Corporation (Bank of America) announced that according to the Bank of America Merrill Lynch-SunGard Asia Pacific Treasury Management Barometer survey, 24% of polled treasurers in Taiwan are currently making payments and collecting receipts through an offshore RMB (CNY) account. Kitty Yen, Head of Treasury Sales for Taiwan, stated, "As treasury practices continue to evolve and business connections with Mainland China further solidify, Taiwan treasurers will increasingly embrace CNY as a strategic currency for both payments and receipts. Outside present and future expectations of broad RMB usage, the results of the inaugural Asia Pacific Treasury Management Barometer reveal that Taiwan companies are also amongst the region's progressive as measured by cash visibility, account rationalization and technology adoption." According to the Company, the survey was conducted in Q1 2013 and respondents to the survey included companies across 14 industries throughout Asia Pacific, and also included opinions from treasurers covering the region from Europe and North America. 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: [http://www.investorsreports.com/report/2013-09-11/BAC]

Citigroup, Inc. Research Report

On September 11, 2013, Bloomberg reported that Citigroup, Inc. (Citigroup) has shut its office in Illinois and is into a job cutting spree as rising mortgage rates are driving off borrowers. According to the release, the Company has also recently closed its Danville facility and dismissed 120 people due to slowdown in refinancing. As stated in the report, Mark Rodgers, Citigroup spokesman, said, "The Danville facility was originally established to handle the surge in demand for refinancing. However, due to the ongoing decline in refinance volumes, the excess capacity Danville provided is no longer needed." The Full Research Report on Citigroup, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-09-11/C]

JPMorgan Chase & Co. Research Report

On September 11, 2013, JPMorgan Chase & Co.'s (JPMorgan Chase) division, Chase Auto Finance announced the winners of its '2013 Chase Cup for Auction Excellence.' According to the Company, seven auto auctions from across the US were awarded during the National Auto Auction Association's annual conference in Indianapolis, Indiana. Sandra Broderick, Senior Vice President and Operations Executive for Chase Auto Finance said, "Chase Auto Finance applauds these high-performing auto auctions for their significant contributions to the used vehicle industry. The Chase Cup celebrates auctions with a strong commitment to exceptional customer service, operational excellence, and "bottom line" financial results." The Full Research Report on JPMorgan Chase & Co. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-09-11/JPM]

Wells Fargo & Company Research Report

On September 12, 2013, Forbes reported  that Wells Fargo & Company (Wells Fargo) will trade ex-dividend, for its quarterly dividend payment of $0.45 per share on the Company's 7.25% Non-cumulative Exchangeable Perpetual Series A Preferred Securities. As stated in the release, the said dividend will be payable on September 30, 2013. The Full Research Report on Wells Fargo & Company - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-09-11/WFC]

PNC Financial Services Group Inc. Research Report

On September 10, 2013, PNC Financial Services Group Inc. (PNC) released the results of its third PNC Perspectives on Retirement Survey. PNC stated that the survey, which was conducted by phone in July 2013, examined retirement preparation behaviors and habits. According to the Company, the survey showed that 49% of Americans in their prime retirement planning years believe that they will need to work longer than previously planned in order to save enough to retire, while 58% of those aged 70 and below, who have already left the workforce, did so earlier than planned. Commenting on these results, PNC Vice President and Senior Wealth Planner with PNC, Celandra Deane-Bess, CFP, stated, "The survey clearly shows that the age at which people expect to retire is not always in their control. Economic uncertainty, employer actions and unexpected health issues often force individuals to retire earlier than they planned which puts a premium on sound financial habits early." The Full Research Report on PNC Financial Services Group Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-09-11/PNC]

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