NEW YORK, April 20, 2015 /PRNewswire/ --
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Moments ago, Analysts Review released new research updates concerning several important developing situations including Johnson Controls Inc. (NYSE:JCI), Frontier Communications Corporation (NASDAQ: FTR), Annaly Capital Management Inc. (NYSE: NLY), Northstar Realty Finance Corp. (NYSE: NRF), and U.S. Bancorp (NYSE: USB). 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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JCI Research Report: ( http://get.analystsreview.com/pdf/?c=Johnson%20Controls&d=20-Apr-2015&s=JCI ),
FTRResearch Report: ( http://get.analystsreview.com/pdf/?c=Frontier%20Communications&d=20-Apr-2015&s=FTR ),
NLYResearch Report: ( http://get.analystsreview.com/pdf/?c=Annaly%20Capital%20Management&d=20-Apr-2015&s=NLY ),
NRFResearch Report: ( http://get.analystsreview.com/pdf/?c=Northstar%20Realty&d=20-Apr-2015&s=NRF ),
USBResearch Report: ( http://get.analystsreview.com/pdf/?c=U.S.%20Bancorp&d=20-Apr-2015&s=USB ),
Analyst Update: Joint Ventures, Acquisitions, Dividends, Management Changes andQuarterly Results
Reviewed by: Rohit Tuli, CFA®
U.S. stocks tumbled on Friday as disappointing financial results of big companies weighed on investor sentiment. The Dow Jones Industrial Average lost 1.54% or 279.67 points to close at 17,826.10, its worst drop since March 25; the Nasdaq fell 1.52%, or 75.98 points, to 4,931.81, and the S&P 500 closed the session at 2,081.16, down 1.1%, or 23.81 points. Among heavy weights, American Express plunged 4.4% on Friday, reflecting weaker than expected quarterly earnings. European stocks too closed lower on Friday as fear of Greek default intensifies. Notably, Germany's DAX Index dropped 2.6%, followed by France's CAC (down 1.6%), and Britain's FTSE 100 (down 0.9%). Meanwhile, Asian markets witnessed mixed trading on Friday, with China's Shanghai Composite Index reaching its highest level since March 2008, and the Nikkei closing at a lower level.
Johnson Controls Inc. (Johnson Controls) announced signing of the agreement for a global automotive interiors joint venture with Yanfeng Automotive Trim Systems Co., Ltd, a wholly owned subsidiary of Huayu Automotive Systems Co. (HASCO). Yanfeng will hold the majority 70% share in the joint venture while Johnson Controls hold the remaining 30%.
Frontier Communications Corp (Frontier) has appointed Kevin Wallick, as its Senior Vice President and General Manager for the Mid-Atlantic Region's West Virginia market. Prior to his new role Kevin has served as Vice President and General Manager for Frontier's Mid States markets in Minnesota, Iowa and Nebraska.
The shareholders of Annaly Capital Management Inc. (Annaly) would receive a dividend of $0.30 per common share. The dividend is payable on April 30, 2015. The Company's dividend has remained unchanged over the last four quarters.
NorthStar Realty Finance Corp. (NorthStar Realty) has announced the closing of the acquisition of a EUR 1.1 billion pan-European office portfolio, which it had entered into in 2014. The portfolio is comprised of 11 Class A office properties located across gateway cities in seven of Europe's top markets: London, UK; Paris, France; Hamburg, Germany; Milan, Italy; Brussels, Belgium; Amsterdam and Rotterdam, Netherlands; and Gothenburg, Sweden.
U.S. Bancorp reported Q1 2015 financial results with net income of $1.43 million or $0.76 per diluted common share compared with $1.40 million or $0.73 per diluted common share in Q1 2014. The Company's profit met analysts' expectations. Total net revenue increased to $4.91 billion from $4.81 billion in Q1 2014.
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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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