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 NorthStar Asset Management Group Inc (NYSE: NSAM), Banco Bradesco SA (NYSE: BBD), Citigroup Inc (NYSE: C), Hudson City Bancorp Inc. (NASDAQ: HCBK), and American Realty Capital Properties Inc (NASDAQ: ARCP). 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):
NSAM Research Report: ( http://get.analystsreview.com/pdf/?c=NorthStar%20Asset%20Management&d=20-Apr-2015&s=NSAM ),
BBD Research Report: ( http://get.analystsreview.com/pdf/?c=Banco%20Bradesco&d=20-Apr-2015&s=BBD ),
C Research Report: ( http://get.analystsreview.com/pdf/?c=Citigroup&d=20-Apr-2015&s=C ),
HCBK Research Report: ( http://get.analystsreview.com/pdf/?c=Hudson%20City%20Bancorp&d=20-Apr-2015&s=HCBK ),
ARCP Research Report: ( http://get.analystsreview.com/pdf/?c=American%20Realty%20Capital%20Properties&d=20-Apr-2015&s=ARCP ).
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Analyst Update: Acquisitions, Appointments, and Merger Updates
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 2, 2015, NorthStar Realty Finance Corp, which is managed by an affiliate of NorthStar Asset Management Group Inc, announced that it had closed the acquisition of a €1.1 billion pan-Europe office portfolio which NorthStar Realty had entered into an agreement to acquire in 2014.
On April 7, 2015, Reuters reported that Bradesco BBI, the investment-banking unit of Osasco, Brazil-based Banco Bradesco SA, is currently participating as advisor to BRL 20 billion ($6.4 billion) worth of offerings that "are ready to be priced", according to Renato Ejnisman, Managing Director for investment banking at Beadesco.
The shares of Citigroup Inc. closed Wednesday, April 15, at $53.21, up by 0.91%. On the same day, Bloomberg reported that the Company has been appointed as the depositary bank for Wowo Limited's sponsored ADR Program.
On April 6, 2015, Bloomberg reported that the merger agreement between Hudson City Bancorp Inc and M&T Bank Corp. would not be reviewed by the Federal Reserve in time to complete the merger before the termination date of April 30, 2015, as provided for in the current Agreement and Plan of Merger.
On April 1, 2015, American Realty Capital Properties Inc announced the appointment of Hugh R. Frater as Non-Executive Chairman of the Board of Directors and Julie G. Richardson as an Independent Director.
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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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