NEW YORK, May 22, 2014 /PRNewswire/ --
Thursday May 22, 2014
Today, Analysts Review released its analysts' notes regarding American International Group, Inc. (NYSE: AIG), Ocwen Financial Corp. (NYSE: OCN), Walter Investment Management Corp. (NYSE: WAC), Fulton Financial Corporation (NASDAQ: FULT) and Susquehanna Bancshares, Inc. (NASDAQ: SUSQ). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/2793-100free.
American International Group, Inc. Analyst Notes
On May 14, 2014, American International Group, Inc. (AIG) announced that it has completed the sale of its 100% interest in International Lease Finance Corporation (ILFC) to AerCap Holdings N.V. (AerCap), in exchange for consideration of $3.0 billion of cash and 97.6 million newly issued AerCap common shares, equivalent to 46% stake in AerCap. According to the Company, the total value of the consideration is approximately $7.6 billion, based on AerCap's closing price of $47.01 per share as of May 13, 2014. Additionally, the Company stated that the transaction marks the last major disposition of the Company's non-core assets. Company President and CEO, Robert H. Benmosche, stated, "We are very pleased to have closed on the sale of ILFC. I am confident that this sale will have a positive impact on AIG's liquidity and credit profile, and will enable us to continue to focus on maintaining strong growth and profitability in our insurance operating businesses." The full analyst notes on AIG are available to download free of charge at:
Ocwen Financial Corp. Analyst Notes
On May 19, 2014, Ocwen Financial Corp.'s (Ocwen Financial) stock went up by 3.11%, closing the day at $34.13 per share. For the past five-day trading period, Ocwen Financial stock reflected an increase of 4.02%, compared to the Dow Jones Industrial Average of 1.10% during the same trading period. The stock has a 52-week high of $60.18. The full analyst notes on Ocwen Financial are available to download free of charge at:
Walter Investment Management Corp. Analyst Notes
On May 8, 2014, Walter Investment Management Corp. (Walter Investment) reported its Q1 2014 financial results. In Q1 2014, the Company's total revenues increased by 17.6% YoY to $369.9 million. Q1 2014 net income was $17.4 million or $0.45 per diluted share, compared to Q1 2013 net income of $27.7 million or $0.73 per diluted share. Chairman and CEO, Mark J. O'Brien, stated, "We believe the quarter's solid financial and operating results, the closing of $44 billion of MSR and sub-servicing additions and continued solid contribution from our originations business demonstrate our ongoing ability to successfully execute against our strategic objectives of growing our recurring, fee-based revenue streams and supporting the long-term sustainability of our business model." O'Brien further added, "We believe that the continuous refinement and improvement of our operational processes will result in a positive experience for consumers and better asset performance and results for our clients." The full analyst notes on Walter Investment are available to download free of charge at:
Fulton Financial Corporation Analyst Notes
On May 19, 2014, Fulton Financial Corporation's (Fulton Financial) stock increased by 2.86%, ending the day at $11.88 per share. For the past three-day trading period, the Company's stock went up by 2.41%, compared to the Nasdaq Composite which increased by 0.67%, during the same trading session. The stock has a 52-week high of $13.40. The full analyst notes on Fulton Financial are available to download free of charge at:
Susquehanna Bancshares, Inc. Analyst Notes
On May 16, 2014, Susquehanna Bancshares, Inc. (Susquehanna Bank) announced that it has appointed Jay Shannon as an Agricultural Lender for the Company's Ag Lending Group. The Company informed that this appointment takes its agricultural lending team to 10 fully dedicated members and now has the third largest agricultural portfolio among commercial banks in Pennsylvania. Additionally, the Company stated that Shannon will provide lending and banking services to agricultural producers and agribusinesses in Lancaster, Lebanon, Chester, York, Adams, and Cumberland Counties. The Company also informed that Shannon will be based at Susquehanna's Blue Ball office at 1060 Main Street, Blue Ball. The full analyst notes on Susquehanna Bank are available to download free of charge at:
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