NEW YORK, April 21, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding
The Allstate Corporation (NYSE: ALL), Northern Trust Corporation
(NASDAQ: NTRS), Discover Financial Services (NYSE: DFS), KeyCorp
(NYSE: KEY), and M&T Bank Corporation (NYSE: MTB). Private
wealth members receive these notes ahead of publication. To reserve
complementary membership, limited openings are available at:
http://www.analystsreview.com/1343-100free
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The Allstate Corporation Analyst Notes
On April 14, 2014, The Allstate
Corporation (Allstate) reported that the Company has entered into
an agreement to sell Sterling Collision Centers, Inc. According to
the Company, Sterling Collision Centers, Inc. is being sold to
Service King Collision Repair Centers through a transaction that is
expected to close by the end of the Q2 2014 and result in a small
after-tax gain. Commenting on the announcement, Thomas J. Wilson, Chairman, President, and CEO
of Allstate stated, "This sale reflects a continued focus on
investing capital where we have a competitive advantage in
providing unique offerings to the four consumer insurance segments.
Our ownership of Sterling has deepened the company's understanding
of the collision-repair business and helped us build industry
relationships. The transition for our customers and Allstate
agencies will be seamless." The full analyst notes on The Allstate
Corporation are available to download free of charge at:
http://www.analystsreview.com/1343-ALL-21Apr2014.pdf
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Northern Trust Corporation Analyst Notes
On April 11, 2014, Northern Trust
Corporation (Northern Trust) announced that Arle Capital Partners
Limited (Arle), has appointed the Company to provide private equity
fund administration to two of its funds (Candover 2005 and 2008)
with total assets under management of approximately €2 billion or
approximately $2.8 billion. According
to Northern Trust, the latest appointment extends the Company's
existing nine year relationship with Arle. Commenting on the news,
Paul Cutts, Northern Trust Country
Head, Guernsey, stated, "As Guernsey's largest fund administrator
and custodian, Northern Trust is delighted to extend our
relationship with Arle. We work closely with each of our clients to
understand their individual needs and create tailored solutions
that meet their requirements." The full analyst notes on Northern
Trust Corporation are available to download free of charge at:
http://www.analystsreview.com/1343-NTRS-21Apr2014.pdf
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Discover Financial Services Analyst Notes
On April 10, 2014, Discover
Financial Services (Discover Financial) announced that it has
received an Excellence in Financial Literacy Education (EIFLE)
Award from the Institute for Financial Literacy during the Annual
Conference on Financial Education in New
Orleans. The Company informed that it has won in the
"Organization of the Year, Corporate Leadership" category for its
financial education program, Pathway to Financial Success.
Commenting on the news, David Nelms,
Chairman and CEO of Discover Financial, stated, "Discover is
helping bring effective personal finance courses to public high
schools throughout the country. We are honored to receive the EIFLE
Award for Corporate Leadership. Through our Pathway to Financial
Success program, we will continue to support our nation's personal
finance teachers as they help young people acquire the financial
knowledge and skills they need to prepare for successful futures."
The full analyst notes on Discover Financial Services are available
to download free of charge at:
http://www.analystsreview.com/1343-DFS-21Apr2014.pdf
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KeyCorp Analyst Notes
On April 15, 2014, KeyCorp
announced that the Company has named Angela
G. Mago to lead KeyBank Real Estate Capital and Community
Development Lending. The Company informed that Mago succeeds
E.J. Burke who last week became
Community Bank Co-President, Commercial & Private Banking, at
KeyCorp. Additionally, the Company stated that Mago will report to
Key Corporate Bank President Christopher M.
Gorman. Commenting on the appointment, Gorman stated,
"Angela's business acumen, proven leadership and track record for
growing businesses make her uniquely qualified to lead KeyBank Real
Estate Capital. She has the experience to drive our
relationship-based business model and deliver the full breadth of
Key to our clients and prospects." The full analyst notes on
KeyCorp are available to download free of charge at:
http://www.analystsreview.com/1343-KEY-21Apr2014.pdf
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M&T Bank Corporation Analyst Notes
On April 14, 2014, M&T Bank
Corporation (M&T Bank) reported its Q1 2014 financial results
with net income of $229.0 million, or
$1.61 per diluted share, compared to
net income of $274.1 million or
$1.98 per diluted share in Q1 2013.
Commenting on the results, M&T Bank Vice Chairman and CFO,
Rene F. Jones, stated, "Revenue
trends for the quarter were dampened by lower than normal levels of
customer activity during the first two months of the period
followed by a rebound in March. Overall, however, the recent
quarter was a productive one for M&T. We received a
non-objection to our capital plan and proposed capital actions from
the Federal Reserve, successfully accessed the debt and preferred
equity markets and continued to progress on our infrastructure
projects related to BSA/AML compliance, risk management, and
capital plan and stress testing efforts." The full analyst notes on
M&T Bank Corporation are available to download free of charge
at:
http://www.analystsreview.com/1343-MTB-21Apr2014.pdf
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