NEW YORK, March 11, 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 Woori Bank (NYSE: WF), Royal Bank of Canada (NYSE: RY), Sumitomo Mitsui Financial (NYSE: SMFG), TD Bank (NYSE: TD), and Westpac (NYSE: WBK). 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):
WF Research Report: ( http://get.analystsreview.com/pdf/?c=Woori%20Bank&d=11-Mar-2015&s=WF ),
RY Research Report: ( http://get.analystsreview.com/pdf/?c=Royal%20Bank%20of%20Canada&d=11-Mar-2015&s=RY ),
SMFG Research Report: ( http://get.analystsreview.com/pdf/?c=Sumitomo%20Mitsui%20Financial&d=11-Mar-2015&s=SMFG ),
TD Research Report: ( http://get.analystsreview.com/pdf/?c=TD%20Bank&d=11-Mar-2015&s=TD ),
WBK Research Report: ( http://get.analystsreview.com/pdf/?c=Westpac&d=11-Mar-2015&s=WBK ).
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Analyst Update: Financial Results, Dividends, Agreements, and Disaster Relief Package
Reviewed by: Rohit Tuli, CFA®
U.S. stocks ended lower on Tuesday as investors worried about the possibility of the first increase in interest rates in nine years and a decline in the value of the euro. The Dow Jones Industrial Average lost 332.78 points, or 1.9%, to close at 17,662.94. The S&P 500 fell 35.27 points, or 1.7%, to end at 2,044.16. The Nasdaq Composite was down 82.64 points, or 1.7%, to 4,859.79. On Tuesday, the euro dropped 1.3% against the dollar to a 12-year low of $1.07. European stocks also plunged on Tuesday as speculation about a rate hike in the U.S. and concerns over Greece's reform program weighed on the market, despite the bond buying program announced by European Central Bank. The benchmark Stoxx Europe 600 index slumped 0.9% to end at 389.66. Key Asian exchanges also witnessed losses on Tuesday. The Shanghai Composite fell 0.5% on a mixed bag of Chinese inflation data. Hong Kong's Hang Seng index slipped 0.8%, Australia's S&P ASX 200 index finished almost flat, while South Korea's Kospi lost 0.4%.
South Korea-based Woori Bank swung to profit of 1.2 trillion won ($1.1 billion) in 2014 from a loss of 537.7 billion won a year earlier, The Korea Herald reported on February 5, 2015.
Royal Bank of Canada increased its quarterly dividend by two cents to 77 cents per share. The dividend, which represents a 3% increase, is payable on and after May 22, 2015, to common shareholders of record at the close of business on April 23, 2015.
Sumitomo Mitsui Financial Group Inc's (Sumitomo Mitsui Financial) gross profit increased by ¥9.1 billion on a year-on-year basis to ¥2,230.3 billion for nine months ended December 31, 2014, led by an increase in net interest income as a result of an increase in overseas loans and bills discounted of Sumitomo Mitsui Banking Corporation.
Toronto Dominion Bank (TD Bank) extended U.S. credit card program agreement with Target Corporation to March 2015. Under the agreement, TD Bank will continue to be the exclusive issuer of Target co-branded and private label consumer credit cards to Target's U.S. customers.
Westpac Banking Corporation (Westpac) announced a Disaster Relief Package for customers impacted by cyclone Marcia in Queensland, Australia for offering immediate financial help to customers impacted by the disaster, with Westpac staff providing additional support for those in need through the local branches and contact centres.
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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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