NEW YORK, April 17, 2015 /PRNewswire/ --
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Moments ago, Analysts Review released new research updates concerning several important developing situations including Bank of America Corporation (NYSE: BAC), JP Morgan Chase & Co (NYSE: JPM), Wells Fargo & Company (NYSE: WFC), Regions Financial Corporation (NYSE: RF), and KeyCorp (NYSE: KEY). 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=17-Apr-2015&s=BAC ),
JPM Research Report: ( http://get.analystsreview.com/pdf/?c=JP%20Morgan%20Chase&d=17-Apr-2015&s=JPM ),
WFC Research Report: ( http://get.analystsreview.com/pdf/?c=Wells%20Fargo%20%26%20Company&d=17-Apr-2015&s=WFC ),
RF Research Report: ( http://get.analystsreview.com/pdf/?c=Regions%20Financial%20Corporation&d=17-Apr-2015&s=RF ),
KEY Research Report: ( http://get.analystsreview.com/pdf/?c=KeyCorp&d=17-Apr-2015&s=KEY ).
Analyst Update: Financial Results, Appointments, and Upcoming Earnings
Reviewed by: Rohit Tuli, CFA®
US stocks ended marginally lower on Thursday, as worries about upcoming corporate earnings reports offset enthusiasm about a trio of soaring Wall Street debuts. The Dow Jones industrial average fell 6.84 points, or 0.04%, to end at 18,105.77; the S&P 500 lost 1.64 points, or 0.08%, to 2,104.99; and the Nasdaq Composite dropped 3.23 points, or 0.06%, to 5,007.79. European markets finished broadly lower on Thursday with growing concerns about Greece's debt situation prompting investors to take some profits after the previous session's 14-year highs. The DAX closed 1.94% lower, France's CAC 40 declined by 0.57% and London's FTSE 100 declined by 0.51%. The pan-European FTSEurofirst 300 index closed 0.9% lower at 1,635.76 points. Chinese shares rebounded on stimulus hopes a day after gloomy first-quarter economic numbers with the Shanghai composite index rising 2.1% to 4,168.85, while other Asian benchmarks were mixed.
On April 15, 2015, Bank of America reported first quarter 2015 results with positive earnings of $3.4 billion, or $0.27 per diluted share, compared to a loss of $276 million, or $0.05 per diluted share, in the comparable prior year quarter.
On April 14, 2015, JP Morgan Chase & Co closed the day at $63.04 with gains of 1.56% after the Company reported better-than-expected first quarter 2015 results. The Company posted earnings of $5.91 billion or $1.45 per share for the quarter as against Wall Street expectations of $1.40 per share. The revenues rose to $24.8 billion versus estimates of $24.4 billion.
On April 14, 2015, shares of San Francisco-based Wells Fargo & Company fell to $54.19, down by 0.73%. The largest US mortgage lender's first quarter 2015 net income fell to $5.8 billion or $1.04 per share from $5.9 billion or $1.05 per share in the previous year.
Regions Bank, a subsidiary of Regions Financial Corporation, announced on April 8, 2015 the appointment of two wealth management executives. Alan McKnight has joined Regions Wealth Management as Chief Investment Officer, while John Parker has been named as head of Regions Institutional services.
KeyCorp's subsidiary Pacific Crest Securities held its 10th Emerging Technology Summit in San Francisco on March 3-4. The event saw participation from 1,100 participants, including executives from more than 250 public and private technology companies and 500 investment professionals from industry-leading venture capital, private equity, mutual and hedge funds.
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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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