NEW YORK, August 19, 2014 /PRNewswire/ --
Today, Analysts Review released its research reports regarding The Progressive Corporation (NYSE: PGR), Wells Fargo & Co. (NYSE: WFC), Bank of America Corp. (NYSE: BAC), Citigroup Inc. (NYSE: C) and JPMorgan Chase & Co. (NYSE: JPM). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/5804-100free.
The Progressive Corporation Research Reports
On August 13, 2014, The Progressive Corporation (Progressive) released its July 2014 financial results. During the month, the Company's net premiums written improved 4.5% YoY to $1.8 billion; net premiums earned improved 5.4% YoY to $1.7 billion; total pretax net realized gains (losses) on securities
(including net impairment losses) improved 33.9% YoY to $15.4 million; and combined ratio improved 1.1 points YoY to 91.6. Progressive's July 2014 net income came in at $119.3 million or $0.20 per share, compared to net income of $101.5 million or $0.17 per share in July 2013. In July 2014, the Company's total Personal Lines policies improved 2.4% YoY to 13.3 million, while total Commercial Lines policies declined 1.7% YoY to 0.5 million. The full research reports on Progressive are available to download free of charge at:
Wells Fargo & Co. Research Reports
On August 13, 2014, Wells Fargo & Co. (Wells Fargo) announced that it has appointed Barry Sturdivant to its National Food and Agribusiness Division in a move to expand its business in the U.S. nursery and greenhouse industry, worth $16 billion. Wells Fargo informed that Barry Sturdivant will lead the Company's initiative with the U.S. nursery and greenhouse industry. According to Wells Fargo, Barry Sturdivant previously headed the Bank of the West's national Nursery/Greenhouse Agribusiness Center. Rob Yraceburu, Head of Wells Fargo's National Food and Agribusiness Division, said, "The addition of Barry Sturdivant reinforces our dedication to growing our agribusiness network. Barry brings specialized industry knowledge that will greatly benefit our clients in the sector and support the continued growth of our business." The full research reports on Wells Fargo are available to download free of charge at:
Bank of America Corp. Research Reports
On August 12, 2014, Bank of America Corp. (Bank of America) reported that the three-time Olympic Gold medalist, 18-time World Championship medalist and current World Record holder in the 5,000 meter and 10,000 meter, Kenenisa Bekele, will participate at the 2014 Bank of America Chicago Marathon. The Company stated that this will be Kenenisa Bekele's second marathon and first World Marathon Major in Chicago. The Company informed that the 2014 Bank of America Chicago Marathon will be held in Grant Park beginning at 7:30 a.m. on October 12, 2014. Prior to the race, a two-day Health & Fitness Expo will be held at McCormick Place Convention Center on October 10, 2014 and Saturday, October 11, 2014. The full research reports on Bank of America are available to download free of charge at:
Citigroup Inc. Research Reports
On August 13, 2014, Citigroup Inc.'s (Citigroup) stock moved up 0.64% to end the trading session at $48.75, following the S&P 500 that moved up 0.67% over the same trading session. Shares in Citigroup opened the session at $48.62 and oscillated in the range of $48.53 - $48.89. Over the past three months, the stock has returned 3.46% outperforming the S&P 500 that returned 3.08% over the same period. The stock is trading above its 50-day and 200-day moving average of $48.71 and $48.72 respectively. The full research reports on Citigroup are available to download free of charge at:
JPMorgan Chase & Co. Research Reports
On August 11, 2014, JPMorgan Chase & Co. (JPMorgan) reported that it has entered into a definitive agreement with Lexington Partners and AlpInvest Partners to sell its interests in approximately 50% of the portfolio companies currently held by One Equity Partners (OEP), JPMorgan's principal private equity unit. After the completion of the sale, the OEP professionals will form a new private equity investment advisory firm, OEP Capital Advisors, L.P. (OEPCA), and become independent from JPMorgan. OEPCA will manage the portfolio being sold by JPMorgan Chase, as well as the investments being retained by JPMorgan. The Company plans to close the transaction by the end of 2014. The full research reports on JPMorgan are available to download free of charge at:
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