Stock Movements, Acquisition of Credit Card Portfolios, Social Initiatives, and Dividend Rates - Research Report on JPMorgan Chase, SunTrust Banks, TD Bank Group, ICICI, and Scotiabank

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Jan 06, 2014, 08:00 ET from Analysts' Corner

NEW YORK, January 6, 2014 /PRNewswire/ --

Today, Analysts' Corner announced new research reports highlighting JPMorgan Chase & Co. (NYSE: JPM), SunTrust Banks, Inc. (NYSE: STI), The Toronto-Dominion Bank (NYSE: TD), ICICI Bank Ltd. (NYSE: IBN), and The Bank of Nova Scotia (NYSE: BNS). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.

JPMorgan Chase & Co. Research Report

On December 31, 2013, JPMorgan Chase & Co.'s (JPMorgan Chase) stock went up by 0.91%, closing the day at $58.48. The Company's stock rose 0.48% over the past three trading days, compared to the Dow Jones Industrial Average which gained 0.59% during the same three-day trading period. The Full Research Report on JPMorgan Chase & Co. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:


SunTrust Banks, Inc. Research Report

On December 31, 2013, SunTrust Banks, Inc.'s (SunTrust Banks) stock went up by 0.60%, closing the day at $36.81. Over the past three trading sessions, the Company's stock gained 0.27%, compared to the S&P 500 which climbed 0.34% during the same three-day trading period. The Full Research Report on SunTrust Banks, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:


The Toronto-Dominion Bank Research Report

On December 27, 2013, The Toronto-Dominion Bank (TD Bank Group) announced that the Company has completed previously announced transaction with Aimia Inc. (Aimia) and Canadian Imperial Bank of Commerce (CIBC), under which the TD Bank Group acquired approximately 50% of the existing Aeroplan credit card portfolio from CIBC. According to the Company, the portion acquired by it mainly comprises of accounts which are held by customers who do not have an existing retail banking relationship with CIBC. Additionally, the Company stated that it will become the primary issuer of Aeroplan Visa credit cards, as previously announced. Commenting on the release, Michael Rhodes, Executive Vice President of the Company's North American Credit Cards and Merchant Services, stated, "We're excited about this opportunity to enhance our offering to customers and grow our leadership in credit cards. We're thrilled to offer TD customers an outstanding suite of Aeroplan Visa credit cards in January 2014, and we look forward to welcoming CIBC Aerogold customers making the transition to TD in mid-2014." The Full Research Report on The Toronto-Dominion Bank - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:


ICICI Bank Ltd. Research Report

On December 24, 2013, ICICI Bank Ltd. (ICICI) reported that the ICICI Academy for Skills (ICICI Academy) announced the launch of a centre at Narsobawadi in Kolhapur district, Maharashtra, to give vocational training to the youth from the economically weaker sections, enabling them to earn a sustainable livelihood. According to the Company, the centre will offer courses in electrical & home appliance repair, refrigeration & air conditioning repair and pumps & motor repair. Commenting on the launch, Mr. K.V. Kamath, Chairman of ICICI stated, "The ICICI Group, through its CSR and business initiatives, has worked towards building a social infrastructure that can help every person engage in productive and remunerative economic activity. The ICICI Academy has been set up as an extension of this belief wherein, we will look towards developing vocational skills in youth to help them earn a sustainable livelihood. We hope that the skills learned through this academy will equip individuals to play an important role in driving India's growth story in the coming decades." The Full Research Report on ICICI Bank Ltd. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:


The Bank of Nova Scotia Research Report

On December 30, 2013, The Bank of Nova Scotia (Scotiabank) announced dividend rates on Non-cumulative 5-Year Rate Reset Preferred Shares Series 22 of Scotiabank (Preferred Shares Series 22) and Non-cumulative Floating Rate Preferred Shares Series 23 of Scotiabank (Preferred Shares Series 23). According to the Company, regarding Preferred Shares Series 22 that remain outstanding after January 26, 2014, dividend rate for the five-year period from January 26, 2014 to January 25, 2019 will be 3.83%; and with respect to Preferred Shares Series 23 that may be issued on January 26, 2014, the dividend rate for the period commencing on January 26, 2014 and ending on April 25, 2014 will be equal to c.2.78%. Scotiabank stated that holders of both the Series will be entitled to receive non-cumulative preferential cash dividends on a quarterly basis, as and when declared by the Board of Directors of Scotiabank and subject to the Bank Act (Canada). The Company added that the deadline for beneficial owners of Preferred Shares Series 22 who would like to exercise their right of conversion is 5:00 p.m. (Toronto time) on January 13, 2014. The Full Research Report on The Bank of Nova Scotia - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:



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