NEW YORK, September 16, 2013 /PRNewswire/ --
Today, Analysts' Corner announced new research reports highlighting ACE Limited (NYSE: ACE), Discover Financial Services (NYSE: DFS), UMB Financial Corporation (NASDAQ: UMBF), Franklin Resources Inc. (NYSE: BEN), and Western Union Co. (NYSE: WU). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
ACE Limited Research Report
On September 3, 2013, ACE Risk Management, the primary casualty division of ACE USA and a subsidiary of ACE Limited (ACE), announced that it has improved its recognized ACE Accelerator[SM] - a program that lets users electronically sign their state UM/UIM coverage election forms. According to the Company, this interactive web-based portal, launched in 2012, was designed specifically for ACE Risk Management (ARM) clients and brokers to streamline the completion of UM/UIM coverage election forms. Matt Merna, Division President of ACE Risk Management, said, "ACE Risk Management is excited to release this new enhancement of ACE Accelerator. Our users remain enthusiastic about the technology advances we employ to help streamline the various challenges they encounter on any given day. It's truly a comprehensive solution and one that will assist them in their overall efforts to effectively manage their risk management programs now and for years to come."The Full Research Report on ACE Limited - 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/97fa_ACE]
Discover Financial Services Research Report
On September 4, 2013, Discover Financial Services (Discover Financial) reported that the Discover U.S. Spending Monitor decreased 1.4 points in August 2013, as compared to July 2013, to 91.0, due to a continued decrease in economic confidence from consumers. According to the Company, consumers responding that the economy is good or excellent went down 3 percentage points to 17% in August 2013. Respondents saying that the economy is getting worse went up 3 percentage points to 51%, for the first time since September 2012. Consumers earning $40,000-$75,000 indicating that the economy is getting worse went up 6 percentage points to 52%. Respondents earning more than $75,000 per year saying that the economy is worsening had a 9-point increase to 40%. The number of consumers earning less than $40,000 responding that they believe the economy is worsening went down 1 point to 54%. The Full Research Report on Discover Financial Services - 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/6cb3_DFS]
UMB Financial Corporation Research Report
On September 9, 2013, UMB Financial Corporation (UMB) announced the pricing of an underwritten public offering of 3.9 million shares of its common stock at a price to the public of $54.00 per share. UMB also informed that it gave the underwriters a 30-day option to purchase at least 585,000 shares of additional common stock. BofA Merrill Lynch acted as the sole book-running manager for the offering, while Wells Fargo Securities acted as co-manager for the offering. According to the Company, this offering of common stock is slated to end on September 16, 2013 and the net proceeds to UMB, after deducting the underwriting discount and estimated offering expenses, will amount to an estimated $201.1 million (or $231.4 million should the underwriters exercise their option to purchase additional shares in full). UMB informed that it plans to use the net proceeds from this offering for general corporate purposes. The Full Research Report on UMB Financial Corporation - 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/c9ce_UMBF]
Franklin Resources Inc. Research Report
On September 10, 2013, Franklin Resources Inc. (Franklin Resources) announced preliminary month-end assets under management by the Company's subsidiaries stood at $817.3 billion at August 31, 2013, compared to $834.1 billion at July 31, 2013, and $731.0 billion at August 31, 2012. The Full Research Report on Franklin Resources Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
Western Union Co. Research Report
On September 11, 2013, Western Union Co. (Western Union) announced that it has succeeded to achieve a significant expansion into China's banking channel, making it easier for international direct-to-bank remittances directed into China from 23 countries, while also building up its international Account-Based Money Transfer service. The Company also informed that it has launched Account-Based Money Transfers with Industrial and Commercial Bank of China (ICBC). As stated by the Company, the agreement would empower more than 400 million ICBC customers to direct Western Union money transfers received from over 200 countries and territories into their bank accounts. Hikmet Ersek, President and CEO of Western Union, commented, "Western Union's unique global retail network and recent investments in technology continue to enable the company to expand and attract global and regional business across the industry, including banks, payments networks and mobile operators. Western Union's integration of its global retail network and digital channels, including westernunion.com, with leading financial services providers such as China UnionPay's ChinaPay and Industrial and Commercial Bank of China is innovation at its best - delivering tailored Western Union financial services to meet consumer needs." The Full Research Report on Western Union Co. - 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/11b8_WU]
- This is not company news. We are an independent source and our views do not reflect the companies mentioned.
- Information in this release is fact checked and produced on a best efforts basis and reviewed by an analyst. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.
- This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.
- If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at pubco@EquityNewsNetwork.com.
- For any urgent concerns or inquiries, please contact us at compliance@EquityNewsNetwork.com.
- Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to research@EquityNewsNetwork.com for consideration.
Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Equity News Network. An outsourced research services provider has, through analysts, only reviewed the information provided by Equity News Network in this article or report according to the Procedures outlined by Equity News Network. Equity News Network 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.
NOT FINANCIAL ADVICE
Equity News Network makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.
NO WARRANTY OR LIABILITY ASSUMED
Equity News Network is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Equity News Network whatsoever for any direct, indirect or consequential loss arising from the use of this document. Equity News Network expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Equity News Network does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
SOURCE Analysts' Corner