NEW YORK, February 23, 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 Grupo Financiero (NASDAQ: GGAL), NB&T Financial (NASDAQ: NBTF), Peapack-Gladstone (NASDAQ: PGC), Sun Bancorp (NASDAQ: SNBC), and Banco Bilbao (NYSE: BBVA). 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.
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Today's update concerns the following companies:
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Full PDF Download Links (you may have to copy and paste the following links into your browser):
GGAL Research Report: ( http://get.analystsreview.com/pdf/?c=Grupo%20Financiero&d=23-Feb-2015&s=GGAL ),
NBTF Research Report: ( http://get.analystsreview.com/pdf/?c=NB%26T%20Financial&d=23-Feb-2015&s=NBTF ),
PGC Research Report: ( http://get.analystsreview.com/pdf/?c=Peapack-Gladstone&d=23-Feb-2015&s=PGC ),
SNBC Research Report: ( http://get.analystsreview.com/pdf/?c=Sun%20Bancorp&d=23-Feb-2015&s=SNBC ),
BBVA Research Report: ( http://get.analystsreview.com/pdf/?c=BBVA%20Group&d=23-Feb-2015&s=BBVA ).
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Analyst Update: Financial Results and Special Shareholders Meeting
Reviewed by: Rohit Tuli, CFA®
The U.S. stocks closed higher on Friday with the Dow Jones Industrial Average and S&P 500 closing at record highs after news that Greece and its Eurozone creditors have officially reached a four-month extension agreement of Greece's bailout package. The Dow Jones Industrial Average added 154.67 points, or 0.86%, to 18140.44. The S&P 500 rose 12.85 points, or 0.61%, to 2110.30, and the Nasdaq Composite gained 31.27 points, or 0.63%, to 4955.97. The rally was seen in European markets as well. As per the Markit Economics report, its Composite Purchasing Managers Output Index (PMI) for the 19 nation single currency bloc jumped to 53.5 points from 52.6 in January. The report added that Euro zone business activity hit a seven month high in February. Asian stocks mostly closed higher on Friday with Japanese stocks rising to a fresh 15-year high, lifted by a weaker yen as US dollar was on the front foot again based on upbeat US data.
Grupo Financiero Galicia S.A. (Grupo Financiero) reported its Q4 2014 financial results with a net income of (Argentine Peso) ARS834 million, an increase of 37.6% YoY. In Q4 2014, the Bank registered a profit of ARS883 million, which represented a 3.78% annualized return on average assets and a 36.28% return on average shareholder's equity.
NB&T Financial Group Inc. (NB&T Financial), together with Peoples Bancorp (Peoples), filed a proxy statement and prospectus with reference to their merger proposal and agreement they had entered in August 2014. Peoples and NB&T Financial will each hold a special meeting of its shareholders to vote on the adoption and approval of the Merger Agreement.
Peapack-Gladstone Financial Corporation (Peapack-Gladstone) reported record net income of $14.89 million and diluted earnings per share of $1.22 in full-year 2014, compared with $14.89 million and diluted earnings per share of $1.22 in full-year 2013.
Sun Bancorp, Inc. (Sun Bancorp) released its Q4 2014 earnings, reporting net loss of $2.8 million for the quarter as compared to a net loss of $8.2 million in Q4 2013. Deposits declined to $2.09 billion at the end of fourth quarter, as compared to $2.17 billion at the end of third quarter and $2.62 billion at the end of fourth quarter in 2013.
Banco Bilbao Viscaya Argentaria S.A. (BBVA Group) announced its Q4 2014 and year-end financial results and posted a profit of €2.62 billion for 2014, up 25.7% YoY. BBVA Group's capital adequacy levels surpassed regulatory requirements with core capital ratio increased to 12.0% at the end of 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.
Compliance Procedure: Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Analysts Review, represented by Rohit Tuli, CFA®. An outsourced research services provider has only reviewed the information provided by Analysts Review in this article or report according to the procedures outlined by Analysts Review. Analysts Review 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.
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