NEW YORK, April 22, 2015 /PRNewswire/ --
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Moments ago, Analysts Review released new research updates concerning several important developing situations including Bank of America Corp (NYSE: BAC), American Express Company (NYSE: AXP), JPMorgan Chase & Co. (NYSE: JPM), Host Hotels and Resorts Inc (NYSE: HST), and Wells Fargo & Co (NYSE: WFC). Analysts Review provides a single unified platform for investors' to hear about what matters - proudly employing registered CFA® research staff and rigorous compliance procedures. The full research reports are being made available to the public for informational purposes only.
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Today's update concerns the following companies:
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BAC Research Report: ( http://get.analystsreview.com/pdf/?c=Bank%20of%20America&d=22-Apr-2015&s=BAC ),
AXP Research Report: ( http://get.analystsreview.com/pdf/?c=American%20Express&d=22-Apr-2015&s=AXP ),
JPM Research Report: ( http://get.analystsreview.com/pdf/?c=JPMorgan&d=22-Apr-2015&s=JPM ),
HST Research Report: ( http://get.analystsreview.com/pdf/?c=Host%20Hotels&d=22-Apr-2015&s=HST ),
WFC Research Report: ( http://get.analystsreview.com/pdf/?c=Wells%20Fargo&d=22-Apr-2015&s=WFC ).
Analyst Update: Financial Results and Leadership Changes
Reviewed by: Rohit Tuli, CFA®
U.S. stocks mostly closed lower on Tuesday amid a mixed bag of earnings reports. The Dow Jones Industrial Average fell 0.47% to 17949.59, and the S&P 500 ended the session 0.15% lower at 2097.31. On a positive note, the NASDAQ gained 0.39% to close at 5014.10, mainly supported by big gains in biotechnology stocks amid strong M&A activities. European stocks continued their strong run on Tuesday. Major European markets closed the session higher, as Germany's DAX jumped 0.4%; Britain's FTSE 100 rose 0.15%, and France's CAC gained 0.10%. Meanwhile, Asian markets surged on Tuesday, recovering from their disappointing session on the previous day. The Shanghai Composite, Japan's Nikkei and Hong Kong's Hang Seng all posted positive gains.
Bank of America Corp on April 15, 2015 announced its first quarter 2015 results. The Company reported a net income of $3.4 billion, or $0.27 per diluted share, for Q1 2015, compared to a loss of $276 million, or $0.05 per share, in the same period last year.
American Express Company announced its Q1 2015 results on April 16, 2015. The Company reported net income of $1.5 billion in Q1, up 6% YoY, while diluted earnings per share rose 11% to $1.48, from $1.33 a year ago.
JPMorgan Chase & Co. reported a better than expected (Wall Street forecasts) quarterly earnings on April 14, 2015. Its net income was recorded at $5.9 billion, up 12% YoY. Net revenue was up by $967 million from a year ago to $24.8 billion, driven by strong performance in the Corporate & Investment Bank and an increase in fee revenue in Asset Management and Mortgage Banking.
Host Hotels and Resorts Inc on April 14, 2015 announced that as part of a leadership reorganization of its investment team, James F. Risoleo, currently executive vice president and managing director - Europe, has also assumed managing director responsibilities for all the Company's West Coast investment activities.
Wells Fargo & Co on April 14, 2015 announced its Q1 2015 results. It reported net income of $5.8 billion, or $1.04 per diluted common share, for Q1 2015, compared with $5.9 billion, or $1.05 per share, over a year ago, and up from $5.7 billion, or $1.02 per share, for fourth quarter 2014.
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Editor Note: This is not company news. We are an independent source and our views do not reflect the companies mentioned.
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