NEW YORK, April 22, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Citigroup, Inc. (NYSE: C), Aspen Insurance Holdings Ltd. (NYSE: AHL), Ocwen Financial Corp. (NYSE: OCN), Cash America International, Inc. (NYSE: CSH), and Nationstar Mortgage Holdings Inc. (NYSE: NSM). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.AnalystsReview.com/register
Citigroup, Inc. Analyst Notes
On April 14, 2014, Citigroup, Inc. (Citigroup) reported its Q1 2014 financial results. Total revenues for Q1 2014 increased by 13.2% QoQ and decreased by 0.6% YoY to $20.1 billion. Net income for Q1 2014 was $3.9 billion, or $1.23 per diluted share, compared to Q1 2013 net income of $3.8 billion or $1.23 per diluted share. CEO Michael Corbat stated, "Despite a quarter that was difficult for our company, we delivered strong results. Both our consumer and institutional businesses performed well and we grew both loans and deposits while holding the line on our expenses. We reduced our deferred tax assets more than any other quarter since the crisis and drove Citi Holdings closer to break even. We are committed to bringing our capital planning process to the highest possible standards, befitting an institution of our global reach." The full analyst notes on Citigroup, Inc. are available to download free of charge at:
Aspen Insurance Holdings Ltd. Analyst Notes
On April 14, 2014, Aspen Insurance Holdings Ltd. (Aspen) announced that after careful evaluation with the assistance of the Company's financial and legal advisors, its Board of Directors has unanimously determined to reject an unsolicited proposal from Endurance Specialty Holdings Ltd. (Endurance) to acquire the Company for $47.50 per share, 60% in Endurance common stock and 40% in cash. Commenting on the development, Glyn Jones, Chairman of the Board of Directors, Aspen, stated, "After careful review and deliberation, the Board of Directors unanimously determined that Endurance's proposal is not in the best interests of Aspen or its shareholders. Endurance has a mixed operating track record, new leadership, an unproven strategy, and no experience with large acquisitions. Moreover, this transaction would be highly disruptive to Aspen's corporate culture, which has proven to be a significant competitive advantage in the marketplace." The full analyst notes on Aspen Insurance Holdings Ltd. are available to download free of charge at:
Ocwen Financial Corp. Analyst Notes
On April 14, 2014, Ocwen Financial Corp.'s (Ocwen Financial) stock reflected an increase of 4.30%, closing at $39.58. However, for the past one-month trading period, the Company's stock slipped by 1.43%, compared to the Dow Jones Industrial Average which went up by 0.67% during the same trading period. The full analyst notes on Ocwen Financial Corp. are available to download free of charge at:
Cash America International, Inc. Analyst Notes
On April 10, 2014, Cash America International, Inc. (Cash America) announced that its Board of Directors has authorized management to review potential strategic alternatives including a tax-free spin-off for the separation of its online lending business comprising its e-commerce division, Enova International, Inc. (Enova). According to the Company, management will analyze the potential separation and will make a final recommendation to the Board in 2014 or if the Board approves a separation, a transaction is expected to be completed by late 2014 or early 2015, subject to market, regulatory and other conditions. Commenting on the announcement, President and CEO Daniel R. Feehan stated, "We now think that pursuing a separation of the businesses and management teams into two discrete companies is potentially very beneficial for the operating activities and ongoing strategy of each business." The full analyst notes on Cash America International, Inc. are available to download free of charge at:
Nationstar Mortgage Holdings Inc. Analyst Notes
On April 2, 2014, Nationstar Mortgage Holdings Inc. (Nationstar) announced two new leadership appointments with David Hisey as Chief Strategy and External Affairs Officer and Robert Stiles as CFO. According to the Company, Mr. Hisey, current CFO, will be assuming the newly-created position of Chief Strategy and External Affairs Officer and will lead several key departments that have been aligned to develop and drive implementation of the Company's strategic plans and external relations efforts. Additionally, Nationstar stated that currently Mr. Stiles, the current CFO of Solutionstar (a wholly-owned subsidiary of the Company), will expand his responsibilities and assume the CFO role at Nationstar. The full analyst notes on Nationstar Mortgage Holdings Inc. are available to download free of charge at:
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