Oct
29
NEW YORK, October 29, 2013 — /PRNewswire/ —
Editor Note: For more information about this release, please scroll to bottom.
Today, Analysts’ Corner announced new research reports highlighting Lloyds Banking Group plc (NYSE: LYG), Old Republic International Corp. (NYSE: ORI), Ambac Financial Group, Inc. (NASDAQ: AMBC), DuPont Fabros Technology, Inc. (NYSE: DFT), and Grupo Financiero Galicia S.A. (NASDAQ: GGAL). Today’s readers may access these reports free of charge – including full price targets, industry analysis and analyst ratings – via the links below.
Lloyds Banking Group plc Research Report
On October 3, 2013, Lloyds Banking Group plc (Lloyds) announced that its Lloyds Scholars program has won the prestigious Education category in Lord Mayor’s Dragons Awards which recognize community engagement in London. According to the Company, the Lloyds Scholars Program opens doors to students who otherwise might not have had the financial backing to attend leading universities. Richard Cooper, Head of Education and Employability at Lloyds Banking Group, said, “Lloyds Scholars is a unique social mobility programme developed to encourage and support young people from lower income families to study at some of the UK’s leading universities. The community work that the Scholars do in return helps them connect with their communities in a uniquely compelling way and ensures that our goal of helping communities prosper will be at the heart of all we do for the very long term. We are enormously pleased and honoured that our work and that of our mentors and Scholars has been recognised.” The Full Research Report on Lloyds Banking Group plc – including full detailed breakdown, analyst ratings and price targets – is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/9854_LYG]
Old Republic International Corp. Research Report
On October 24, 2013, Old Republic International Corp. (Old Republic) announced a plan of recapitalization by its RMIC Companies, Inc. (RMICC) mortgage guaranty subsidiary. According to the Company, RMICC plans to raise new funds in the capital markets and use substantially all of these to recapitalize its three mortgage insurance carriers. The Company stated that additional capital is intended to enable these carriers to at once fully support existing policies, to pay off deferred claim obligations, to exit current state of supervision under North Carolina insurance regulations, and to resume underwriting of new business in early 2014. Old Republic also stated that completion of the transaction will be subject to market conditions and other factors, and the addition of new funds to RMICC and its subsidiaries will be contingent on the receipt of certain regulatory approvals. The Full Research Report on Old Republic International Corp. – including full detailed breakdown, analyst ratings and price targets – is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/1947_ORI]
Ambac Financial Group, Inc. Research Report
On October 24, 2013, Ambac Financial Group, Inc. (Ambac Financial) announced that the Wisconsin Court of Appeals has affirmed orders of the Circuit Court for Dane County, Wisconsin confirming the validity of, and approving the rehabilitation plan of the Segregated Account of Ambac Assurance, in combination with certain other related court orders of the Rehabilitation Court. In other news, dated October 18, 2013, the Company stated that its Board of Directors has scheduled the 2013 Annual Meeting of Stockholders to be held on December 18, 2013 at 12:00 p.m. EST. According to the Company, the meeting will be held via the Internet. The Full Research Report on Ambac Financial Group, Inc. – including full detailed breakdown, analyst ratings and price targets – is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/580a_AMBC]
DuPont Fabros Technology, Inc. Research Report
On October 24, 2013, DuPont Fabros Technology, Inc. (DFT) released its Q3 2013 financial results. Total revenues were $96.3 million, an increase of 12.8% in Q3 2013. Net loss attributable to common shares was $10.2 million or $0.16 per diluted share in Q3 2013, compared to net income attributable to common shares of $7.3 million or $0.11 per share in Q3 2012. Commenting on the release, Hossein Fateh, President and CEO of DFT, stated, “DFT had an excellent third quarter with 11.7 MW of new leasing with the operating portfolio 94% leased. In addition we issued $795 million of new debt lowering our average cost by over 200 basis points and extending the average maturity of our outstanding debt from 3.5 years to 7.1 years. We continue to focus on the lease up of our existing available inventory and our two new developments to fuel our growth.” The Full Research Report on DuPont Fabros Technology, Inc. – including full detailed breakdown, analyst ratings and price targets – is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/4c83_DFT]
Grupo Financiero Galicia S.A. Research Report
On October 22, 2013, Grupo Financiero Galicia S.A. (Grupo Financiero Galicia) issued a copy of its letter addressed to the Comisión Nacional de Valores (National Securities Commission), informing the Commission that the Company’s Board of Directors has decided to call an Extraordinary Shareholders’ meeting to be held on November 21, 2013, at 11:00 a.m. In other release dated October 15, 2013, the Company issued a copy of its letter addressed to the National Securities Commission, informing that it has acquired 210,855 shares Class B of Banco de Galicia y Buenos Aires S.A. at 14.75 per share which represents 0.04% of the capital and voting rights of the said company. The Full Research Report on Grupo Financiero Galicia S.A. – including full detailed breakdown, analyst ratings and price targets – is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/2521_GGAL]
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