Click here to close now.

SYS-CON MEDIA Authors: Liz McMillan, Pat Romanski, William Schmarzo, Elizabeth White, Carmen Gonzalez

News Feed Item

Quarterly Dividends, Text-Receipt Options, and New Appointments Highlight Banks' Commitment to Stakeholders - Research Report on Citi, Bank of America, Wells Fargo, SunTrust, and First Republic Bank

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

NEW YORK, June 28, 2013 /PRNewswire/ --

Today, Wall Street Reports announced new research reports highlighting Citigroup, Inc. (NYSE: C), Bank of America Corporation (NYSE: BAC), Wells Fargo & Company (NYSE: WFC), SunTrust Banks, Inc. (NYSE: STI), and First Republic Bank (NYSE: FRC). 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 June 22, 2013, Citigroup, Inc. (Citi) celebrated its eighth annual Global Community Day. Citi reported that the Global Community Day spotlights and reinforces a shared commitment among Citi employees, clients, alumni, family and friends around the world to collaborate and dedicate their time and expertise to local community needs, including literacy and education, housing, environmental stewardship, health and human services, and disaster relief. Citi CEO Michael Corbat, stated, "Since our first Global Community Day in 2006, this company-wide initiative has quickly become a Citi tradition." Corbat continued, "Last year's Global Community Day saw the largest participation to date, and we are excited to carry that momentum into this year as we work side-by-side with local organizations to strengthen the communities where we live and work." 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.WSReports.com/r/full_research_report/731d_C]

--

Bank of America Corporation Research Report

On June 17, 2013, Bank of America Corporation (Bank of America) announced that its Board of Directors has declared a quarterly cash dividend on its Series L Preferred Stock. The Board authorized a dividend of $18.13 per share on the 7.25% Non-Cumulative Perpetual Convertible Preferred Stock, Series L. Bank of America reported that the dividend is payable on July 30, 2013 to shareholders on record as of July 1, 2013. The Full Research Report on Bank of America Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.WSReports.com/r/full_research_report/f73c_BAC]

--

Wells Fargo & Company Research Report

On June 24, 2013, Wells Fargo & Company (Wells Fargo) announced the introduction of text receipts at more than 12,000 of its ATMs across the country, available to all its Wells Fargo Online and Mobile Banking customers. This text receipt option is in addition to the Company's popular email or e-receipt options. Alicia Moore, Head of Wells Fargo ATM Banking, said, "We are excited to offer yet another 'green' choice and additional convenience to our customers when it comes to getting their banking done." Moore added, "Today almost half of all receipt eligible transactions at the ATM result in customers selecting an e-receipt or not printing a receipt. Our customers tell us they appreciate the ability to reduce paper waste - text receipts just give them one more option." The Full Research Report on Wells Fargo & Company - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.WSReports.com/r/full_research_report/d60b_WFC]

--

SunTrust Banks, Inc. Research Report

On June 19, 2013, SunTrust Banks, Inc. (SunTrust) announced that Tom Kuntz, the Company's Commercial & Banking and Geographic Leadership Executive, will retire in December 2013 after 35 years of service to the Company. Bill Rogers, Chairman and CEO of SunTrust, commented, "He has been a strong advocate for our clients and teammates in every role he has performed at SunTrust, and he is a respected ambassador of our brand through his work and leadership in the community." SunTrust reported that Beau Cummins will succeed Kuntz, and John Gregg will succeed Cummins and assume his leadership responsibilities in SunTrust's Corporate and Investments Banking unit. Mark Chancy, Wholesale Banking Executive at SunTrust, said, "Beau Cummins and John Gregg are both highly respected leaders, inside and outside of SunTrust, and their expertise in their new roles will be critical to our future success." 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: [http://www.WSReports.com/r/full_research_report/0f6d_STI]

--

First Republic Bank Research Report

On June 5, 2013, First Republic Bank (First Republic) declared quarterly cash dividends on all four of its outstanding series of preferred stock, as follows: a cash dividend of $16.75 per share for the Noncumulative Perpetual Series A Preferred Stock; a cash dividend is $15.50 per share for the Noncumulative Perpetual Series B Preferred Stock; a cash dividend of $14.06 per share for the Noncumulative Perpetual Series C Preferred Stock; and a cash dividend is $10.24 per share for the Noncumulative Perpetual Series D Preferred Stock. All of these quarterly cash dividends are payable on June 28, 2013 to shareholders of record as of June 17, 2013. The Full Research Report on First Republic Bank - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.WSReports.com/r/full_research_report/986e_FRC]

----

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 a CFA. However, we are only human and are prone to make 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 has, through Chartered Financial Analysts, 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.

SOURCE Wall Street Reports

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
The consumption economy is here and so are cloud applications and solutions that offer more than subscription and flat fee models and at the same time are available on a pure consumption model, which not only reduces IT spend but also lowers infrastructure costs, and offers ease of use and availability. In their session at 15th Cloud Expo, Ermanno Bonifazi, CEO & Founder of Solgenia, and Ian Khan, Global Strategic Positioning & Brand Manager at Solgenia, discussed this shifting dynamic with an ...
Due of the rise of Hadoop, many enterprises are now deploying their first small clusters of 10 to 20 servers. At this small scale, the complexity of operating the cluster looks and feels like general data center servers. It is not until the clusters scale, as they inevitably do, when the pain caused by the exponential complexity becomes apparent. We've seen this problem occur time and time again. In his session at Big Data Expo, Greg Bruno, Vice President of Engineering and co-founder of StackI...
Once the decision has been made to move part or all of a workload to the cloud, a methodology for selecting that workload needs to be established. How do you move to the cloud? What does the discovery, assessment and planning look like? What workloads make sense? Which cloud model makes sense for each workload? What are the considerations for how to select the right cloud model? And how does that fit in with the overall IT transformation?
You use an agile process; your goal is to make your organization more agile. But what about your data infrastructure? The truth is, today's databases are anything but agile - they are effectively static repositories that are cumbersome to work with, difficult to change, and cannot keep pace with application demands. Performance suffers as a result, and it takes far longer than it should to deliver new features and capabilities needed to make your organization competitive. As your application an...
17th Cloud Expo, taking place Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Meanwhile, 94% of enterprises a...
The recent trends like cloud computing, social, mobile and Internet of Things are forcing enterprises to modernize in order to compete in the competitive globalized markets. However, enterprises are approaching newer technologies with a more silo-ed way, gaining only sub optimal benefits. The Modern Enterprise model is presented as a newer way to think of enterprise IT, which takes a more holistic approach to embracing modern technologies.
SYS-CON Events announced today that SUSE, a pioneer in open source software, will exhibit at SYS-CON's DevOps Summit 2015 New York, which will take place June 9-11, 2015, at the Javits Center in New York City, NY. SUSE provides reliable, interoperable Linux, cloud infrastructure and storage solutions that give enterprises greater control and flexibility. More than 20 years of engineering excellence, exceptional service and an unrivaled partner ecosystem power the products and support that help ...
Move from reactive to proactive cloud management in a heterogeneous cloud infrastructure. In his session at 16th Cloud Expo, Manoj Khabe, Innovative Solution-Focused Transformation Leader at Vicom Computer Services, Inc., will show how to replace a help desk-centric approach with an ITIL-based service model and service-centric CMDB that’s tightly integrated with an event and incident management platform. Learn how to expand the scope of operations management to service management. He will al...
The true value of the Internet of Things (IoT) lies not just in the data, but through the services that protect the data, perform the analysis and present findings in a usable way. With many IoT elements rooted in traditional IT components, Big Data and IoT isn’t just a play for enterprise. In fact, the IoT presents SMBs with the prospect of launching entirely new activities and exploring innovative areas. CompTIA research identifies several areas where IoT is expected to have the greatest impac...
There's no doubt that the Internet of Things is driving the next wave of innovation. Google has spent billions over the past few months vacuuming up companies that specialize in smart appliances and machine learning. Already, Philips light bulbs, Audi automobiles, and Samsung washers and dryers can communicate with and be controlled from mobile devices. To take advantage of the opportunities the Internet of Things brings to your business, you'll want to start preparing now.
In a world of ever-accelerating business cycles and fast-changing client expectations, the cloud increasingly serves as a growth engine and a path to new business models. Dynamic clouds enable businesses to continuously reinvent themselves, adapting their business processes, their service and software delivery and their operations to achieve speed-to-market and quick response to customer feedback. As the cloud evolves, the industry has multiple competing cloud technologies, offering on-premises ...
As the world moves from DevOps to NoOps, application deployment to the cloud ought to become a lot simpler. However, applications have been architected with a much tighter coupling than it needs to be which makes deployment in different environments and migration between them harder. The microservices architecture, which is the basis of many new age distributed systems such as OpenStack, Netflix and so on is at the heart of CloudFoundry – a complete developer-oriented Platform as a Service (PaaS...
T-Mobile has been transforming the wireless industry with its “Uncarrier” initiatives. Today as T-Mobile’s IT organization works to transform itself in a like manner, technical foundations built over the last couple of years are now key to their drive for more Agile delivery practices. In his session at DevOps Summit, Martin Krienke, Sr Development Manager at T-Mobile, will discuss where they started their Continuous Delivery journey, where they are today, and where they are going in an effort ...
SAP is delivering break-through innovation combined with fantastic user experience powered by the market-leading in-memory technology, SAP HANA. In his General Session at 15th Cloud Expo, Thorsten Leiduck, VP ISVs & Digital Commerce, SAP, discussed how SAP and partners provide cloud and hybrid cloud solutions as well as real-time Big Data offerings that help companies of all sizes and industries run better. SAP launched an application challenge to award the most innovative SAP HANA and SAP HANA...
There is no question that the cloud is where businesses want to host data. Until recently hypervisor virtualization was the most widely used method in cloud computing. Recently virtual containers have been gaining in popularity, and for good reason. In the debate between virtual machines and containers, the latter have been seen as the new kid on the block – and like other emerging technology have had some initial shortcomings. However, the container space has evolved drastically since coming on...