Bli medlem
Bli medlem

Du är här


Thomson Reuters Corporation : Positive Scores for Thomson Reuters TRust Index - Financial Institutions in the Americas Show Upbeat Start to 2014

Thomson Reuters TRust Index Results - First Quarter 2014

* Canadian banks lead the Americas into positive trust sentiment
* Divergence between investor and analyst expectations for Top 50 Global
Financials continues

LONDON/NEW YORK, April 16, 2014 - Thomson Reuters, the world's leading source
of intelligent information for businesses and professionals, today announced
the latest results of its proprietary TRust Index, showing that first-quarter
2014 trust sentiment in the Top 50 Global Financial institutions as a whole
remained steady, but negative. However, institutions from the Americas
started the year well, ending with the first positive trust score of any
region since the Index was launched a year ago.

Tracking trust through news sentiment shows that the Americas institutions
followed by the TRust Index crossed into positive territory to end the first
quarter with a trust score of 2 percent (-1.85 percent Q4 2013), due in part
to increased profits at Canadian banks. This compared to a -1 percent score
for the Top 50 Global institutions as a whole (-1.75 percent Q4) and -2
percent for both Europe (-1.25 percent Q4) and Asia (-1.5 percent Q4). In
Asia, decreasing trust was partially attributable to tightening credit
conditions in China, while European financial institutions experienced a
decline in trust due to continuing investigations around interest rate
fixing, rigging of exchange rates and tax fraud.

"During the financial crisis, and since, Canada has been noteworthy for the
policies and discipline that allowed the country to better weather the storm,
and its financial institutions to more quickly recover," said David Craig,
president, Financial&Risk, Thomson Reuters. "It is no surprise therefore to
see Canadian banks leading the Americas region into positive sentiment as we
measure trust in the Top 50 Global Financials for the 5th consecutive quarter
of the TRust Index."

Other features of this quarter's TRust Index follow below; please clickherefor
further insight and data:

The Confidence of the Marketplace - Investors and Analysts

First-quarter earnings growth estimates for the financial sector continue to
show positive expectations from analysts, but at levels lower than previous
quarters. Sridharan Raman, senior research analyst at Thomson Reuters, said,
"The Q1 data show that financials are encountering tougher conditions
relative to the S&P 500 and compared to last year. We are seeing a number of
the big banks settling lawsuits, impacting earnings growth in this quarter
and the next as banks take these big charges. Higher mortgage rates have
also taken their toll on bank earnings this quarter. However, double digit
growth is expected again in the third quarter."

According to Thomson Reuters StarMine, analysts forecast forward 5-year growth
rate for the Top 50 Global Financials at 8 percent, on a par with the 8
percent expectations for the S&P 500. Investor expectations for growth in
the Top 50 Global Financials are beginning to catch up with analyst
expectations, as the market-implied growth rate reaches 0 percent, out of
negative territory for the first time since the Index was launched, but still
undervalued compared to analyst expectations. This is further reinforced by
the price change figures, which show that the Top 50 Global Financials rose
by 2.1 percent over the quarter, compared with 3.8 percent for the S&P 500
and 2.6 percent for the Thomson Reuters Global Index.

Aggregate changes to analyst recommendations for the Top 50 Global Financial
institutions over the first quarter reveal more analyst upgrades than
downgrades in all three regions - for the first time in five quarters.

Counterparties: Credit Spreads as an Indicator of Trust

Credit default spreads (CDS) continued to narrow, as confidence amongst the
Top Global Financial institutions in pricing the relative risk of doing
business with each other continued. CDS for institutions in the Americas
ended the first quarter with the tightest spreads (around 90 basis points),
and Asia the widest (around 116). With the average spread for the Top 50
Global Financials at about 105 basis points, CDS continue to be far below
2011's high of nearly 350.

Regulation as a Barometer of Trust

Commenting on regulatory activity worldwide, Chris Perry, managing director of
Risk at Thomson Reuters, said, "From my recent meetings with financial
institutions it's clear that the cost of doing business has risen
substantially. As the level of regulatory activity continues ever-upwards,
banks have expanded compliance and legal teams to make sure they have the
resources in place to respond to the raft of regulatory change and not only
meet, but exceed the requirements prescribed. The fines are so large that
financial institutions have a real intent to self-police and while early
days, it is definitely driving up the TRust Index to new and more trusting

At 129, the average daily number of regulatory alerts tracked by Thomson
Reuters Accelus was above 100 for the third consecutive quarter, reaching
8,447 by the end of the first quarter and well on track to exceed 2013's
total by year-end.

Tracking Controversy and Governance as Factors in Rebuilding Trust

Thomson Reuters ASSET4 environmental, social and governance data continues to
show a high level of controversies reported for the Top 50 Global Financials
relative to the Financial Sector as a whole, but that adoption of processes
and governance to address responsible marketing practices, improve fair
competition and avoid bribery and corruption, all continue to be priorities.

Thomson Reuters TRust Index harnesses proprietary data analytics and news
sentiment analysis. This latter indicator draws on over four million
business and financial news and media sources to track the state of trust in
the Top 50 Global Financial institutions. Thistwo-minute videoexplains
further how the measures in this quarter's TRust Index relate to the state of
trust in the global financial market place over the quarter. Please click
onfirst quarter 2013,second quarter 2013,third quarter 2013andfourth quarter
2013for previous results.

Thomson Reuters ASSET4, Thomson Reuters Business Classification (TRBC),
Thomson Reuters Datastream, Thomson Reuters I/B/E/S, Thomson Reuters
MarketPsych Indices, Thomson Reuters News Analytics (TRNA), Thomson Reuters
StarMine Quantitative Models

About Thomson Reuters

Thomson Reuters is the world's leading source of intelligent information for
businesses and professionals. We combine industry expertise with innovative
technology to deliver critical information to leading decision makers in the
financial and risk, legal, tax and accounting, intellectual property and
science and media markets, powered by the world's most trusted news
organisation. Thomson Reuters shares are listed on the Toronto and New York
Stock Exchanges. For more information, go to


This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Thomson Reuters Corporation via Globenewswire


Författare Hugin

Tala om vad ni tycker

Tala om vad ni tycker

Ni är just nu inne på en betaversion av nya aktiespararna. Lämna gärna feedback på vad ni tycker i formuläret nedan.