NEW YORK, April 20, 2015 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Moments ago, Analysts Review released new research updates concerning several important developing situations including Huntington Bancshares (NASDAQ: HBAN), National bank of Greece (NYSE: NBG), The Charles Schwab Corporation (NYSE: SCHW), Starwood Property Trust Inc. (NYSE: STWD), and Morgan Stanley (NYSE: MS). 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.
To access our full PDF reports on a complementary basis, please visit the links below.
Today's update concerns the following companies:
Full PDF Download Links (you may have to copy and paste the following links into your browser):
HBAN Research Report: ( http://get.analystsreview.com/pdf/?c=Huntington%20Bancshares&d=20-Apr-2015&s=HBAN ),
NBG Research Report: ( http://get.analystsreview.com/pdf/?c=National%20Bank%20of%20Greece&d=20-Apr-2015&s=NBG ),
SCHW Research Report: ( http://get.analystsreview.com/pdf/?c=The%20Charles%20Schwab%20Corporation&d=20-Apr-2015&s=SCHW ),
STWD Research Report: ( http://get.analystsreview.com/pdf/?c=Starwood%20Property&d=20-Apr-2015&s=STWD ),
MS Research Report: ( http://get.analystsreview.com/pdf/?c=Morgan%20Stanley&d=20-Apr-2015&s=MS ).
Analyst Update: Public Offering, Awards, Downgrades, Divestiture
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.
On April 14, 2015, Bloomberg reported that Huntington Bank has been named the winner of the 2015 TNS Choice Award for Consumer Retail Banking in the Central Region of the U.S. This marks the third time Huntington has won the recognition and led the Central Region. TNS presented the award to Huntington for both attracting and retaining customers at rates better than any of the top 15 banks in the Central region.
National Bank of Greece too suffered a downgrade when Fitch ratings downgraded key Greek banks, following the downgrade of Greece's sovereign rating. As reported by 24/7 Wall St. in a news article, the National Bank of Greece saw its rating cut to CCC from B- in the call.
On April 15, 2015, the Charles Schwab Corporation announced that its net income for the first quarter of 2015 was $302 million, down 14% from $350 million for the fourth quarter of 2014, and down 7% from $326 million for the first quarter of 2014.
On April 15, 2015, Starwood Property Trust announced the pricing of an underwritten public offering of 12,000,000 shares of its common stock for total estimated gross proceeds of approximately $286 million. All of the Shares will be issued under the Company's currently effective shelf registration statement filed with the Securities and Exchange Commission.
Morgan Stanley is nearing a deal to sell its oil-trading and storage business, potentially bringing to a close the Bank's lengthy effort to jettison the unit. Trading firm Castleton Commodities International LLC has emerged as the leading bidder and is offering more than $1 billion for the business, according to people familiar with the situation.
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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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