Deutsche Bank Launches New Company Research Coverage Model in the Electric Utilities Sector; Debt/Equity Analyst Robert Rubin Initiates Coverage of Electric Utility Stocks.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- First graph, second sentence of release, company name should read: Southern Company (NYSE NYSE See: New York Stock Exchange : SO) (sted Southern Comfort (NYSE: SO)). The corrected release reads: DEUTSCHE BANK Deutsche Bank AG (IPA: /'dɔɪ.tʃə/[1]) (ISIN: DE0005140008, NYSE: DB) (English: German Bank LAUNCHES NEW COMPANY RESEARCH COVERAGE MODEL IN THE ELECTRIC UTILITIES SECTOR; DEBT/EQUITY ANALYST ROBERT RUBIN Robert Edward Rubin (born August 29, 1938) is an American banker who served as the 70th United States Secretary of the Treasury during both the first and second Clinton Administrations during a time of peak performance for the U.S. economy. INITIATES COVERAGE OF ELECTRIC UTILITY STOCKS Deutsche Bank Securities Inc. today announced analyst Robert M. Rubin has initiated coverage of five electric utility stocks. Rubin's coverage universe now includes: Consolidated Edison This article is about the utility company in New York. For ComEd in Illinois, see Commonwealth Edison. Consolidated Edison, Inc. NYSE: ED is one of the largest investor-owned energy companies in the United States. , Inc (NYSE: ED), Constellation Energy Constellation Energy (NYSE: CEG), headquartered in Baltimore, Maryland, generates, trades, supplies, and distributes energy. The company operates over 35 power plants in 11 states (mainly Maryland, Pennsylvania, New York, West Virginia, and California) under its operating Group, Inc (NYSE: CEG (Continuous Edge Graphics) A VGA RAMDAC chip from Edsun Labs that adds anti-aliasing on the fly. It can also calculate intermediate shades, thus providing thousands of colors on an 8-bit board that normally generates only 256 colors. ), Dominion Resources Dominion NYSE: D (formerly Dominion Resources) is a power and energy company headquartered in Richmond, Virginia, USA, that supplies electricity, natural gas, or other energy services to homes in Virginia, West Virginia, Ohio, Pennsylvania, and eastern North Carolina. , Inc (NYSE: D), Progress Energy, Inc (NYSE: PGN PGN Portable Game Notation (chess) PGN Procuraduria General de la Nación (Spanish) PGN Philadelphia Gay News PGN Parameter Group Number PGN Phi Gamma Nu (business fraternity) ) and Southern Company (NYSE: SO). Rubin is the first analyst to initiate dual asset class coverage under Deutsche Bank's new integrated research structure within its Global Markets Division. "The world's debt and equity markets are converging at a rapid pace as issuers and investors adopt a more sophisticated approach to asset allocation Asset Allocation The process of dividing a portfolio among major asset categories such as bonds, stocks or cash. The purpose of asset allocation is to reduce risk by diversifying the portfolio. and balance sheet management," said David Folkerts-Landau, Deutsche Bank's Global Head of Research. "This convergence is providing new opportunities for institutions of all kinds. By leveraging our expertise across the financial market spectrum, our new organizational model for research will enable clients to seize these new investment opportunities." "This new product model will allow us to stay ahead of the curve in providing research that is thought-leading, differentiated and of relevance to our institutional clients," said David Manlowe, Head of US Companies Research. "Robert's move to cover companies from an enterprise perspective is the first of many such initiations we aim to achieve by combining the talents of three areas of research." Led by Rubin, the Electric Utilities team expects to provide a balanced perspective which takes into account the best interests of all stakeholders in the companies they cover. "We hope to help the credit community appreciate the need for companies to ensure positive shareholder momentum, while helping shareholders understand the need for a strong balance sheet," said Rubin. In the report entitled "Bring the Pain", which highlights opening thoughts towards the sector, Rubin and his colleagues discuss how a strong credit profile can be a competitive advantage and whether financial reengineering is the "next strategic thing." In addition, the report discusses determining opportunities within credit markets and equity markets. Rubin believes that within equity markets dividends should be considered the primary driver of value but there are also value opportunities in companies establishing appropriate balance sheet targets and achieving higher than standard earnings growth. About Deutsche Bank With roughly Euro 845 billion in assets and approximately 65,400 employees, Deutsche Bank (NYSE: DB) offers unparalleled financial services in 74 countries throughout the world. Deutsche Bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people. Deutsche Bank ranks among the global leaders in corporate banking and securities, transaction banking, asset management, and private wealth management, and has a significant private & business banking franchise in Germany and other selected countries in Continental Europe. Deutsche Bank Securities Inc. is the investment banking and securities arm of Deutsche Bank AG in the United States. |
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