Monday, August 10, 2009

“Commonwealth Bank of Australia - Financial and Strategic Analysis ... - PR Inside” plus 4 more

“Commonwealth Bank of Australia - Financial and Strategic Analysis ... - PR Inside” plus 4 more


Commonwealth Bank of Australia - Financial and Strategic Analysis ... - PR Inside

Posted: 10 Aug 2009 08:05 AM PDT

2009-08-10 16:59:02 - Commonwealth Bank of Australia - Financial and Strategic Analysis Review - a new market research report on companiesandmarkets.com

www.companiesandmarkets.com/Summary-Company-Profile/commonwealth ..

Commonwealth Bank of Australia (Commonwealth Bank) is one of Australia's leading providers of integrated financial services. The bank provides various retail banking, premium banking, business banking, institutional banking, funds management, superannuation, insurance, and investment and share broking products and services to its customers. The bank's main business activities can be grouped under banking, funds management and insurance business. It has

four customer-based business divisions, which include retail banking services, premium business services, wealth management, and international financial services.

Commonwealth Bank of Australia - Financial and Strategic Analysis Review is an in-depth business, strategic and financial analysis of Commonwealth Bank of Australia. The report provides a comprehensive insight into the company, including business structure and operations, executive biographies and key competitors. The hallmark of the report is the detailed strategic analysis of the company. This highlights its strengths and weaknesses and the opportunities and threats it faces going forward.

Scope

- Provides key company information for business intelligence needs.
- The company's strengths and weaknesses and areas of development or decline are analyzed. Financial, strategic and operational factors are considered.
- The opportunities open to the company are considered and its growth potential assessed. Competitive or technological threats are highlighted.
- The report contains critical company information – business structure and operations, the company history, major products and services, key competitors, key employees and executive biographies, different locations and important subsidiaries.
- The report provides detailed financial ratios for the past five years as well as interim ratios for the last four quarters.
- Financial ratios include profitability, margins and returns, liquidity and leverage, financial position and efficiency ratios.

Reasons to buy

- A quick ""one-stop-shop"" to understand the company.
- Enhance business/sales activities by understanding customers' businesses better.
- Get detailed information and financial and strategic analysis on companies operating in your industry.
- Identify prospective partners and suppliers – with key data on their businesses and locations.
- Capitalize on competitor´s weaknesses and target the market opportunities available to them.
- Compare your company's financial trends with those of your peers / competitors.
- Scout for potential acquisition targets, with detailed insight into the companies' strategic, financial and operational performance.



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MOVES-AIG, Abu Dhabi Islamic Bank, BNP Paribas - Reuters

Posted: 10 Aug 2009 04:23 AM PDT

(Adds NASDAQ OMX, South Financial, Piper Jaffray)

Aug 10 (Reuters) - The following financial services industry appointments were announced since Friday. To inform us of other job changes, e-mail moves@thomsonreuters.com.

AMERICAN INTERNATIONAL GROUP (AIG.N)

The insurer named William Glasgow as chief restructuring officer of AIG Global Real Estate. Glasgow previously served as chief operating officer of Scanlan Kemper Bard companies. It also said Robert Gifford was appointed president and CEO of AIG Global Real Estate, succeeding Jeffrey Hurd.

ABU DHABI ISLAMIC BANK ADIB.AD

The bank said it named Malik Sarwar as global wealth management executive. [ID:nL9728420]

BNP PARIBAS (BNPP.PA)

The bank named Margaret Ren as chairman and chief executive of corporate finance, Greater China. She was previously managing director and chairman of China Investment Banking at Merrill Lynch (Asia Pacific) Ltd.

NASDAQ OMX GROUP (NDAQ.O)

The company, which runs the Nasdaq Stock Market, promoted Adena Friedman to the post of chief financial officer. Friedman will replace David Warren who is stepping down from the role. [ID:nN10446219]

PSIGMA ASSET MANAGEMENT

The company appointed Lachlan Yearsley as operations manager. Yearsley joins in early September from Credit Suisse (CSGN.VX), where he was head of pricing and valuations and pooled pension administration.

JEFFERIES & CO

The unit of Jefferies Group Inc (JEF.N) named Robert Minkoff as a senior vice-president and senior trader of trade claims. Minkoff joins Jefferies from Liquidity Solutions Inc, a distressed debt hedge fund, where he worked most recently as a vice-president.

PIPER JAFFRAY LTD

The unit of Piper Jaffray Cos (PJC.N) said it named Richard Kirkham as principal. Prior to joining Piper Jaffray Ltd, Kirkham was partner in U.K. small/mid-cap sales at Oriel Securities. Continued...



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Bank of America Corporation (NYSE:BAC) is the Highest Volume Gainers ... - Transworld News

Posted: 10 Aug 2009 08:05 AM PDT

MGM MIRAGE (NYSE:MGM) And Lee Enterprises, Incorporated (NYSE:LEE) Round Out Top Three Volume Gainers During Morning Trading Hours

Dallas, TX 8/10/2009 02:40 PM GMT (TransWorldNews)

 

Dallas , TX - WePickPennyStocks.com is pleased to alert investors of stocks on the move.

 

Bank of America Corporation (NYSE:BAC) soared over 1.4% in the early morning trade. The stock is currently trading at $16.66 on a high volume of 50.55 million shares. In the last one month, the return was 39.8%. Bank of America Corporation is a bank holding company and a financial holding company. Through its banking subsidiaries and various non-banking subsidiaries throughout the United States and in selected international markets, it provides a diversified range of banking and non-banking financial services and products through three business segments: Global Consumer and Small Business Banking, Global Corporate and Investment Banking and Global Wealth and Investment Management.

 

MGM MIRAGE (NYSE:MGM) moved up 5.3% and currently trading at $9.3 on a traded volume of 8.34 million shares. In the last one month, the stock moved up 62.8%. MGM MIRAGE is engaged in gaming and resort operations. The Company owns and operates casino resorts, which includes offering gaming, hotel, dining, entertainment, retail and other resort amenities. As of December 31, 2008, the Company's operations consisted of 17 wholly owned casino resorts and 50% investments in four other casino resorts.

 

Lee Enterprises, Incorporated (NYSE:LEE) increased over 18.7% to $1.96. The stock trades on a traded volume of 562k shares. In the last few days, the stock surged up 36.8%. Lee Enterprises, Incorporated in 1950, is a provider of local news, information and advertising in primarily midsize markets, with 49 daily newspapers and a joint interest in five others, growing online sites and more than 300 weekly newspapers and specialty publications in 23 states.

 

We Pick Penny Stocks alerts its members on stocks that could generate higher than average returns. These include stocks with huge volume, penny stocks that are moving to the upside quickly, penny stocks with buy signals and companies with news. Our alerts are well known for producing incredible results in a short amount of time and our members have made outstanding profits of over 100%.

 

ABOUT We Pick Penny Stocks

 

WePickPennyStocks.com is a leading stock web site that provides free alerts on stocks that are poised to make big gains. We Pick Penny Stocks also tracks small cap penny stocks that could be on the brink of a massive breakout. To feature a company on our web site please contact us at info@WePickPennyStocks.com

 

 

info@wepickpennystocks.com
www.wepickpennystocks.com

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FSA warns against multi-year bank bonuses - Times Online

Posted: 10 Aug 2009 08:34 AM PDT

Hector Sants, the chief executive of the Financial Services Authority (FSA) has warned against a return to City bonus culture ahead of the publication of a strict new code of practice for banks on salaries and bonuses.

The code follows a consultation launched in February and comes amid widespread fears that banks could resume the pay practices which were a key factor in undermining the financial system and tipping the economy into recession.

So far this year many banks have been hiring aggressively amid a boom in lucrative investment banking - in some cases tempting recruits with guaranteed bonuses stretching over many years, against the recommendation of the FSA.

Mr Sants told the BBC's Andrew Marr show: "We have made absolutely clear that we do not expect multi-year guarantees to be paid."

He said: "We are publishing our code this week which will clearly lay out the bounds of how these bonuses are distributed."

Banks will be obliged to "clearly articulate" their pay and bonus policies under the code and those who do not could be forced to hold more capital on their balance sheets, he said.

"Our job is to make sure that banks in their bonus policies, their compensation policies, do not put these banks at risk as in the past," Mr Sants said.

But he added that while bank pay policies "in aggregate" came under the FSA's remit, the question of individual payments to staff was "one primarily for the shareholders" rather than the regulator.

The chief executive said the economy was "still very difficult" but added that the worst stages of the crisis which threatened some banks' very survival had passed.

"From a financial stability point of view we are now comfortable that we now have a stable position," Mr Sants said.



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223 More Branches Expand Chase’s Lead as Tri-State’s Most ... - PR Inside

Posted: 10 Aug 2009 06:18 AM PDT

2009-08-10 15:17:06 -

Chase announced today that it has added 223 former Washington Mutual bank branches to its Tri-State network, expanding customer convenience and adding 2.4 million deposit accounts to the company's state-of-the-art platform.

Chase consumers and business customers have unparalleled access to more than 1,000 branches and 3,150 ATMs – all now branded with the bright blue Chase octagon -- in New York,

New Jersey and Connecticut. It is easily the largest bank network in the Tri-State area.

"We have added even more convenience for Chase customers and we have quadrupled the number of locations here that former WaMu customers can use," said Dan Deegan, head of retail banking for Chase in the Tri-State area. "Our employees have worked hard to make this a smooth transition for our customers who can now take advantage of our expanded set of products and services to achieve their financial goals."

Chase's Tri-State network now includes extensive coverage with the following number of branches and ATMs in each area.

- New York City, 377 branches, 1,863 ATMs
- New Jersey, 224 branches, 433 ATMs
- Long Island, 194 branches, 415 ATMs
- Northern NY suburbs, 167 branches, 292 ATMs
- Connecticut, 46 branches, 77 ATMs
- Upstate New York, 41 branches, 78 ATMs


Parent company JPMorgan Chase acquired Washington Mutual's banking operations in September, 2008. Chase now has invested $139.5 million in refurbishing and rebranding the 223 former WaMu branches and 588 ATMs in the Tri-State area. Chase is using high efficiency HVAC and lighting systems, low irrigation plant landscaping, solar reflectance, recycled materials in walls, floors and ceilings, and Energy Star appliances.

So far this year, Chase has converted and rebranded 1,037 former WaMu branches in 11 states. By the end of 2009, about 1,800 former WaMu branches across the country will be operating under the Chase brand and on the Chase computer system, allowing customers to conduct their business at more than 5,100 Chase branches in 23 states.

About Chase


Chase is the U.S. consumer and commercial banking brand of JPMorgan Chase & Co. (NYSE: JPM), which operates more than 5,100 branches and 14,000 ATMs nationally under the Chase and WaMu brands. Chase has 151 million credit cards issued and serves consumers and small businesses through bank branches, ATMs and mortgage offices as well as through relationships with auto dealerships and schools and universities. It also serves 26,000 commercial banking clients, including corporations, municipalities, financial institutions and not-for-profit entities. More information about Chase is available at www.chase.com : .

JPMorgan Chase & Co.Michael Fusco, 212-270-5089 michael.f.fusco@jpmchase.com : mailto:michael.f.fusco@jpmchase.com



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