Redemption of Securities, Bank Capital Plans, Social initiatives, and New Product Launches - Analyst Notes on Citigroup, Bank of America, JPMorgan, Wells Fargo, and AIG

NEW YORK, April 3, 2014 /PRNewswire/ --

Today, Analysts Review released its analysts' notes regarding Citigroup Inc. (NYSE: C), Bank of America Corp. (NYSE: BAC), JPMorgan Chase & Co. (NYSE: JPM), Wells Fargo & Co. (NYSE: WFC), and American International Group Inc. (NYSE: AIG). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.AnalystsReview.com/register

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Citigroup Inc. Analyst Notes 

On March 27, 2014, Citigroup Inc. (Citigroup) announced the redemption in whole of three series of its trust preferred securities. The redeemed securities are: 6.000% TRUPS® issued by Citigroup Capital IX for $25 plus $0.31250 in accumulated and unpaid distributions, 6.000% TRUPS® issued by Citigroup Capital XI for $25 plus $0.12917 in accumulated and unpaid distributions, and 6.35% Enhanced TRUPS® issued by Citigroup Capital XVII for $25 plus $0.18962 in accumulated and unpaid distributions. The Company has decided April 28, 2014 to be the redemption date for the above mentioned series. According to the Company, the recently announced redemptions are in accordance with the Company's liability management strategy, and reflect the Company's strategy to improve the efficiency of its funding and optimize its capital structure under Basel III. In addition, the redemptions will not have any impact on the Company's Basel III Tier 1 Common capital and related estimated Tier 1 Common ratio. The full analyst notes on Citigroup Inc. are available to download free of charge at:

http://www.AnalystsReview.com/04032014/C/report.pdf

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Bank of America Corp. Analyst Notes 

On March 26, 2014, Bank of America Corp. (Bank of America) announced that the Company plans to increase its quarterly common stock dividend to $0.05 per share, beginning Q2 2014. In addition, the Company's Board has also approved a new $4.0 billion common stock buyback program. The new buyback program includes common stock and warrants and is a replacement of previous repurchase program that expired on March 31, 2014. The Company informed that the Federal Reserve Board has completed its 2014 Comprehensive Capital Analysis and Review and has no objection to the Company's capital plans. Commenting on the capital distribution plans, Brian Moynihan, CEO, Bank of America, said, "We know that increasing the common dividend is important to our shareholders and we are pleased that we can continue to return excess capital through both repurchases and dividends." The full analyst notes on Bank of America Corp. are available to download free of charge at:

http://www.AnalystsReview.com/04032014/BAC/report.pdf

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JPMorgan Chase & Co. Analyst Notes 

On April 1, 2014, JPMorgan Chase & Co. (JPMorgan), along with the Institute for Public Policy Research (IPPR), announced the launch of New Skills at Work initiative in Europe with an initial investment of $30 million. According to the Company, this initiative is a three-year program that will focus on issues related to unemployment through macro strategies and specific innovations to increase job creation, expand labor market participation and develop the skilled workforce for the future in the UK and Europe.  In addition to its partnership with IPPR, JPMorgan will work with organizations like Catch22, Participle, Social Mobility Foundation, The Sutton Trust, and TimeWise Foundation to address the issues related to unemployment. The full analyst notes on JPMorgan Chase & Co. are available to download free of charge at:

http://www.AnalystsReview.com/04032014/JPM/report.pdf

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Wells Fargo & Co. Analyst Notes 

On March 27, 2014, Wells Fargo & Co. (Wells Fargo) announced that businesses in the US have deposited more than $1 billion with the Company using the Commercial Electronic Office, or CEO Mobile® Deposit service. According to the Company, the CEO Mobile iPhone application is available for free and can be used by customers through an iPhone or iPad to quickly scan and deposit checks and money orders conveniently and securely, which speeds up the flow of cash. Secil Watson, Head of Wells Fargo Wholesale Internet Solutions, commented, "Our CEO Mobile services are essential for these companies. For people who are always on the go or out of the office, mobile deposit capability is a major asset because it does something huge: it eliminates the time spent driving to the bank or the office to make deposits." The full analyst notes on Wells Fargo & Co. are available to download free of charge at:

http://www.AnalystsReview.com/04032014/WFC/report.pdf

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American International Group Inc. Analyst Notes 

On March 31, 2014, American International Group Inc. (AIG) announced the launch of Elite Index II® life insurance. According to the Company, Elite Index II® is an economical universal life insurance cover with simplified guarantees, an option of chronic illness accelerated benefit rider, increased cap rate of 13%, and higher participation rate of 70%, which is a better option in a well-performing market. Further, Elite Index II comes with the Accelerated Access SolutionSM, an innovative rider that provides policy holders the option to accelerate the death benefit, income tax free in the event of a chronic illness if all criteria are fulfilled. Commenting on this new product, James A. Mallon, President, Life Insurance, AIG Global Consumer Insurance, said, "We've designed Elite Index II to be not only a smart choice for our distribution partners to sell, but also a smart solution for many consumers to buy, as it offers upside potential and downside protection." The full analyst notes on American International Group Inc. are available to download free of charge at:

http://www.AnalystsReview.com/04032014/AIG/report.pdf

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