Consumer Satisfaction, Community Grants, New Credit Facilities, and Financial Results - Research Report on American Express, SunTrust, CIT, QIWI, and DFC Global
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NEW YORK, August 30, 2013 /PRNewswire/ --
Today, Investors' Reports announced new research reports highlighting American Express Company (NYSE: AXP), SunTrust Banks, Inc. (NYSE: STI), CIT Group Inc. (NYSE: CIT), QIWI plc (NASDAQ: QIWI), and DFC Global Corp. (NASDAQ: DLLR). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
American Express Company Research Report
On August 22, 2013, American Express Company (American Express) announced that according to the annual nationwide study by J.D. Power, consumers have rated American Express highest in consumer satisfaction among US credit card companies for the seventh consecutive year. According to the Company, The J.D. Power 2013 Credit Card Satisfaction Study (SM) looks at six categories to determine satisfaction: customer interaction, billing and payment process, credit card terms, rewards programs, benefits and services, and problem resolution. The Company also informed that it has introduced digital enhancements and updated product offerings; including mobile gift cards, Pass from American Express for Passbook, Account Alerts on Facebook, Community @ Amex, and Refreshed benefits and services of some of its products, including enhanced benefits on the JetBlue Card and the Hilton HHonors and Hilton HHonors Surpass Cards.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.investorsreports.com/report/2013-08-28/AXP]
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SunTrust Banks, Inc. Research Report
On August 20, 2013, SunTrust Banks, Inc. (SunTrust) announced that the Company joined Junior Achievement (JA), Chick-fil-A and other Atlanta business, education, and civic organizations in celebrating the opening of Junior Achievement's Chick-fil-A Foundation Discovery Center - a financial literacy and career readiness center in downtown Atlanta. According to the Company, the facility provides a 360-degree educational experience, including a day of interactive simulation venues, a JA BizTown and a JA Finance Park, which will teach 30,000 Atlanta-area middle school students the importance of personal budgeting, career readiness, and real-life adult responsibilities. According to the Company, the SunTrust Foundation offered a $1 million grant to JA's capital campaign while SunTrust Bank provided $400,000 to sponsor Junior Achievement Finance Park. The Full Research Report on SunTrust Banks, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-28/STI]
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CIT Group Inc. Research Report
On August 22, 2013, CIT Group Inc. (CIT) announced that it arranged a $62 million senior secured credit facility for Exeter Property Group - a real estate private equity firm that acquires, develops, and manages commercial properties across the US. Steve Reedy, Managing Director of CIT Real Estate Finance, said, "This transaction highlights our continued efforts to meet the financing needs of our middle market real estate clients in a way that positions them for success. These properties are in prime submarket locations and add to Exeter's growing portfolio of properties." However, the terms of the transaction were not disclosed by the Company. The Full Research Report on CIT Group Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-28/CIT]
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QIWI plc Research Report
On August 27, 2013, QIWI plc (QIWI) reported its Q2 2013 financial results with revenue growth of 36.2% YoY to RUB2.9 billion or $88 million, while net profit increased 412.5% YoY to RUB453.4 million or $13.9 million. Diluted profit from continuing operations attributable to ordinary equity holders of QIWI were RUB8.83 or $0.27 compared to RUB6.37 in Q2 2012. Adjusted net profit increased by 56.9% YoY to RUB546.8 million. QIWI's CEO Sergey Solonin, said, " During the quarter, we continued to execute on a number of our growth strategies including expanding the number of participants in our payments network, increasing the utilization of our service offerings, and driving the adoption of Visa QIWI Wallet." For full year 2013, QIWI anticipates adjusted net profit to increase by 35% to 40% YoY. In another announcement on the same day, QIWI stated that its Board of Directors has declared a dividend of $0.32 per share payable on September 10, 2013 to the holders of record as on September 9, 2013. The Full Research Report on QIWI plc - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-28/QIWI]
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DFC Global Corp. Research Report
On August 22, 2013, DFC Global Corp. (DFC Global) reported its Q4 FY 2013 and FY 2013 financial results (period ended June 30, 2013). During Q4 FY 2013 and FY 2013 the Company's total revenues increased 0.9% YoY and 5.7% YoY to $269.1 million and to $1.1 billion, respectively. For Q4 FY 2013 and FY 2013, adjusted EBITDA declined by 11.7% YoY and 9.6% YoY to $69.3 million and $274.5 million, respectively. Net income was $7.4 million or $0.18 per diluted share, compared to net loss of $4.2 million or $0.09 per diluted share in Q4 FY 2012. Net loss was $0.7 million or $0.02 per diluted share in FY 2013 compared to net income of $52.4 million or $1.16 per diluted share in FY 2012. Jeff Weiss, Chairman and CEO, said, "Over the long-term, we expect sustained growth and an opportunity to expand the Company's market share to materialize in the United Kingdom, as we believe some of our competitors will naturally struggle to operate under the new restrictive regulatory framework and exit the market." For FY 2014, the Company expects adjusted EBITDA to be between $200 million and $240 million. The Full Research Report on DFC Global Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-28/DLLR]
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