NEW YORK, December 11, 2013 /PRNewswire/ --
Today, Analysts' Corner announced new research reports highlighting Wells Fargo & Company (NYSE: WFC), PNC Financial Services Group Inc. (NYSE: PNC), KeyCorp (NYSE: KEY), The Toronto-Dominion Bank (NYSE: TD), and The Bank Of Nova Scotia (NYSE: BNS). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Wells Fargo & Company Research Report
On December 9, 2013, Wells Fargo & Company's (Wells Fargo) indirect subsidiary, Wachovia Preferred Funding Corp. (Wachovia Preferred) announced that its Board of Directors has declared a regular quarterly dividend on its Series A 7.25% preferred securities. According to the Company, a regular quarterly dividend of c.$0.45 per share is payable on December 31, 2013, to holders of record as of the close of business on December 16, 2013. Further, Wachovia Preferred also announced that its Board of Directors has declared an additional dividend on its Series A securities equal to $0.01 per share, payable on January 2, 2014, to holders of record as of the close of business on December 31, 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:
PNC Financial Services Group Inc. Research Report
On December 6, 2013, PNC Financial Services Group Inc. (PNC) announced that the Company's affiliate PNC Bank, National Association, has reached an agreement in principle with the Federal Home Loan Mortgage Corporation (Freddie Mac) to resolve substantially all indemnification and repurchase obligations related to loans sold to Freddie Mac between 2000 and 2008. PNC said that as per the agreement, PNC Bank will pay a total of $89 million (less credits of $8 million), to resolve certain existing and future repurchase obligations related to approximately 900,000 loans originated and sold to Freddie Mac primarily between the aforesaid period, and to compensate Freddie Mac for certain past losses and potential future losses relating to denials, rescissions and cancellations of mortgage insurance. The Company informed that the agreements remain subject to final documentation and approvals by Freddie Mac's and Fannie Mae's regulator, and the amount of the settlements with the two had been fully accrued by PNC Bank as of September 30, 2013. 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:
KeyCorp Research Report
On December 5, 2013, KeyCorp announced that it has received recognition as one of America's most community-minded companies in The Civic 50, an annual initiative that identifies and recognizes companies for their commitment to improve the quality of life in the communities where they do business. According to the Company, the survey was conducted by the National Conference on Citizenship (NCoC) and Points of Light, and published by Bloomberg News. Commenting on the recognition, KeyCorp Chairman and CEO Beth Mooney, stated, "We believe that banks have a special responsibility to be a part of social and economic solutions. For us, it's important to take an active role in helping our clients and communities thrive through our lending and investing, community engagement, and grants focused on diversity, financial education, and workforce development. Constantly balancing mission with margin is not simple, but it has proven extremely rewarding." The Full Research Report on KeyCorp - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
The Toronto-Dominion Bank Research Report
On December 5, 2013, TD Bank Group (The Toronto-Dominion Bank and its subsidiaries) announced that it has appointed David Kepler to its Board of Directors. The Company stated that the appointment of Mr. Kepler has brought the total number of directors to 15. Commenting on the appointment, Brian Levitt, Chairman of the Board of Directors, TD Bank Group stated, "We're very pleased to welcome David Kepler to our Board of Directors. We're confident that his extensive technology experience, senior executive background, and wide-ranging portfolio of responsibility at Dow, will translate to valuable contributions to our Board." The Full Research Report on The Toronto-Dominion Bank - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
The Bank Of Nova Scotia Research Report
On December 6, 2013, The Bank Of Nova Scotia (Scotiabank) released its Q4 FY 2013 and full-year FY 2013 financial results (period ended October 31, 2013). Total revenues were up 11.3% YoY to $5.4 billion in Q4 2013, and up 8.3% YoY to $21.3 billion for full-year FY 2013. During the quarter, the Company reported net income attributable to common shareholders of $1.6 billion, or $1.30 per diluted share, compared to $1.4 billion or $1.18 per diluted share in Q4 FY 2012. Net income attributable to common shareholders for full-year FY 2013 was $6.2 billion, or $5.15 per diluted share, compared to $6.0 billion or $5.22 per diluted share in FY 2012. Commenting on the results, Brian Porter, Scotiabank President and CEO, stated, "Scotiabank experienced another year of solid performance with underlying earnings growing 15%. The Bank's enterprise strategy and diversified business model continue to differentiate us from our competitors in Canada and internationally and once again have enabled us to deliver strong results." The Full Research Report on The Bank Of Nova Scotia - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
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