NEW YORK, April 22, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding
Citigroup, Inc. (NYSE: C), Aspen Insurance Holdings Ltd. (NYSE:
AHL), Ocwen Financial Corp. (NYSE: OCN), Cash America
International, Inc. (NYSE: CSH), and Nationstar Mortgage Holdings
Inc. (NYSE: NSM). Private wealth members receive these notes ahead
of publication. To reserve complementary membership, limited
openings are available at:
http://www.AnalystsReview.com/register
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Citigroup, Inc. Analyst Notes
On April 14, 2014, Citigroup, Inc.
(Citigroup) reported its Q1 2014 financial results. Total revenues
for Q1 2014 increased by 13.2% QoQ and decreased by 0.6% YoY to
$20.1 billion. Net income for Q1 2014
was $3.9 billion, or $1.23 per diluted share, compared to Q1 2013 net
income of $3.8 billion or
$1.23 per diluted share. CEO
Michael Corbat stated, "Despite a
quarter that was difficult for our company, we delivered strong
results. Both our consumer and institutional businesses performed
well and we grew both loans and deposits while holding the line on
our expenses. We reduced our deferred tax assets more than any
other quarter since the crisis and drove Citi Holdings closer to
break even. We are committed to bringing our capital planning
process to the highest possible standards, befitting an institution
of our global reach." The full analyst notes on Citigroup, Inc. are
available to download free of charge at:
http://www.AnalystsReview.com/04222014/C/report.pdf
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Aspen Insurance Holdings Ltd. Analyst Notes
On April 14, 2014, Aspen Insurance
Holdings Ltd. (Aspen) announced
that after careful evaluation with the assistance of the Company's
financial and legal advisors, its Board of Directors has
unanimously determined to reject an unsolicited proposal from
Endurance Specialty Holdings Ltd. (Endurance) to acquire the
Company for $47.50 per share, 60% in
Endurance common stock and 40% in cash. Commenting on the
development, Glyn Jones, Chairman of the Board of Directors,
Aspen, stated, "After careful
review and deliberation, the Board of Directors unanimously
determined that Endurance's proposal is not in the best interests
of Aspen or its shareholders.
Endurance has a mixed operating track record, new leadership, an
unproven strategy, and no experience with large acquisitions.
Moreover, this transaction would be highly disruptive to
Aspen's corporate culture, which
has proven to be a significant competitive advantage in the
marketplace." The full analyst notes on Aspen Insurance Holdings
Ltd. are available to download free of charge at:
http://www.AnalystsReview.com/04222014/AHL/report.pdf
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Ocwen Financial Corp. Analyst Notes
On April 14, 2014, Ocwen Financial
Corp.'s (Ocwen Financial) stock reflected an increase of 4.30%,
closing at $39.58. However, for the
past one-month trading period, the Company's stock slipped by
1.43%, compared to the Dow Jones Industrial Average which went up
by 0.67% during the same trading period. The full analyst notes on
Ocwen Financial Corp. are available to download free of charge
at:
http://www.AnalystsReview.com/04222014/OCN/report.pdf
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Cash America International, Inc. Analyst Notes
On April 10, 2014, Cash America
International, Inc. (Cash America) announced that its Board of
Directors has authorized management to review potential strategic
alternatives including a tax-free spin-off for the separation of
its online lending business comprising its e-commerce division,
Enova International, Inc. (Enova). According to the Company,
management will analyze the potential separation and will make a
final recommendation to the Board in 2014 or if the Board approves
a separation, a transaction is expected to be completed by late
2014 or early 2015, subject to market, regulatory and other
conditions. Commenting on the announcement, President and CEO
Daniel R. Feehan stated, "We now
think that pursuing a separation of the businesses and management
teams into two discrete companies is potentially very beneficial
for the operating activities and ongoing strategy of each
business." The full analyst notes on Cash America International,
Inc. are available to download free of charge at:
http://www.AnalystsReview.com/04222014/CSH/report.pdf
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Nationstar Mortgage Holdings Inc. Analyst Notes
On April 2, 2014, Nationstar
Mortgage Holdings Inc. (Nationstar) announced two new leadership
appointments with David Hisey as
Chief Strategy and External Affairs Officer and Robert Stiles as CFO. According to the Company,
Mr. Hisey, current CFO, will be assuming the newly-created position
of Chief Strategy and External Affairs Officer and will lead
several key departments that have been aligned to develop and drive
implementation of the Company's strategic plans and external
relations efforts. Additionally, Nationstar stated that currently
Mr. Stiles, the current CFO of Solutionstar (a wholly-owned
subsidiary of the Company), will expand his responsibilities and
assume the CFO role at Nationstar. The full analyst notes on
Nationstar Mortgage Holdings Inc. are available to download free of
charge at:
http://www.AnalystsReview.com/04222014/NSM/report.pdf
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