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Upcoming Conference Schedules, Quarterly Financial Results, Corporate Updates and Philanthropic Initiatives - Research Report on Citigroup, American Tower, Ocwen Financial, MetLife, and U.S. Bancorp


News provided by

Analysts' Corner

Nov 08, 2013, 08:00 ET

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NEW YORK, November 8, 2013 /PRNewswire/ --

Editor Note: For more information about this release, please scroll to bottom.

Today, Analysts' Corner announced new research reports highlighting Citigroup, Inc. (NYSE: C), American Tower Corporation (NYSE: AMT), Ocwen Financial Corp. (NYSE: OCN), MetLife, Inc. (NYSE: MET), and U.S. Bancorp (NYSE: USB). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.

Citigroup, Inc. Research Report

On November 5, 2013, Citigroup, Inc. (Citigroup) announced that Co-President of Citigroup and CEO of Global Consumer Banking, Manuel Medina-Mora, will present at the Bank of America Merrill Lynch 2013 Banking and Financial Services Conference on November 12, 2013, at approximately 10:30 a.m. EST. Additionally, the Company stated that interested parties may access a live webcast of the presentation via the Company's investor relations webpage. Also, a replay and a transcript of the webcast will be made available at the same location shortly after the event. The Full Research Report on Citigroup, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:

[http://www.analystscorner.com/r/full_research_report/7010_C]

American Tower Corporation Research Report

On October 30, 2013, American Tower Corporation (American Tower) released its Q3 2013 financial results. Total revenue increased 13.3% YoY to $807.9 million during the quarter. The Company's net income attributable to American Tower Corporation was $180.1 million or $0.45 per diluted share in Q3 2013, compared to $232.1 million or $0.58 per diluted share in Q3 2012. Commenting on the Company's long term goals, CEO Jim Taiclet said, "We anticipate strong leasing demand for communications site real estate going forward, and through our recently announced acquisitions of Global Tower Partners and portfolios from Nextel International, we have reweighted our asset base toward our three original markets, the U.S., Mexico and Brazil. These investments, coupled with the diversification and growth prospects of our tower assets in Europe, Africa, and Asia, provide the strategic positioning to achieve our long-term objective of driving mid-teen annual growth in AFFO per share." The Full Research Report on American Tower Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:

[http://www.analystscorner.com/r/full_research_report/a933_AMT]

Ocwen Financial Corp. Research Report

On October 31, 2013, Ocwen Financial Corp. (Ocwen Financial) released its Q3 2013 financial results. Total revenues were up 128.3% YoY to $531.2 million during the quarter. Net income attributable to Ocwen common stockholders was $61.2 million or $0.44 per diluted share in Q3 2013, compared to $51.4 million or $0.37 per diluted share in Q3 2012.  Commenting on the results, Bill Erbey, Company Chairman stated, "Ocwen's revenue growth and cash-flow remain very strong with revenue from our existing portfolio trending ahead of projections. Notwithstanding our record revenues, revenues were suppressed due to delays, that have now been resolved, in boarding the OneWest transaction. We feel very comfortable that once we have completed the ResCap transition to the Ocwen technology platform, we will return to our historical margins." The Full Research Report on Ocwen Financial Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:

[http://www.analystscorner.com/r/full_research_report/e28b_OCN]

MetLife, Inc. Research Report

On October 31, 2013, MetLife, Inc. (MetLife) announced that it will no longer provide earnings per share (EPS) guidance and will instead focus on providing more meaningful information on its prospects as they relate to the Company's long-term strategic and financial goals. Commenting on the newly made decision, Steven A. Kandarian, Chairman, President, and CEO of MetLife, stated, "After careful study, we have determined that EPS guidance is not the best way to provide information about the real drivers that create shareholder value. We are certainly not alone, as most large financial services companies do not provide earnings guidance. We will instead expand our discussion of key financial metrics and business drivers, creating a more informed view of MetLife's future prospects." The Full Research Report on MetLife, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:

[http://www.analystscorner.com/r/full_research_report/afa1_MET]

U.S. Bancorp Research Report

On October 30, 2013, U.S. Bancorp announced that U.S. Bank customers can make donations to Operation Homefront at more than 2,900 U.S. Bank ATMs in 25 states. According to the Company, the funds will go directly to Operation Homefront, a military support nonprofit organization that provides emergency financial and other assistance to families of service members and wounded warriors. The Company further stated that U.S. Bank ATMs will accept contributions from checking or savings accounts in amounts of $5 to $299, from October 30, 2013, through November 20, 2013. Richard Davis, Chairman, President and CEO of the Company, stated, "U.S. Bank is a strong supporter of the military and veterans, and we're honored to assist in this effort to help Operation Homefront meets its mission. American service members and wounded warriors put their lives on the line every day to protect and defend our great nation, and we're proud to be their financial partner." The Full Research Report on U.S. Bancorp - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:

[http://www.analystscorner.com/r/full_research_report/67a1_USB]

EDITOR NOTES:

  1. This is not company news. We are an independent source and our views do not reflect the companies mentioned.
  2. Information in this release is fact checked and produced on a best efforts basis and reviewed by Ananya Ghosh, a CFA charterholder. However, we are only human and are prone to making mistakes. If you notice any errors or omissions, please notify us below.
  3. This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.
  4. If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at [email protected].
  5. For any urgent concerns or inquiries, please contact us at [email protected].
  6. Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to [email protected] for consideration.

COMPLIANCE PROCEDURE

Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Equity News Network. An outsourced research services provider represented by Ananya Ghosh, CFA, has only reviewed the information provided by Equity News Network in this article or report according to the Procedures outlined by Equity News Network. Equity News Network is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.

NOT FINANCIAL ADVICE

Equity News Network makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.

NO WARRANTY OR LIABILITY ASSUMED

Equity News Network is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Equity News Network whatsoever for any direct, indirect or consequential loss arising from the use of this document. Equity News Network expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Equity News Network does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

http://www.analystscorner.com/

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