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Trust in Global Financial Institutions - Thomson Reuters TRust Index Third-Quarter 2013 Results
(Thomson Reuters ONE via TheNewswire.ca) Trust in global financial institutions remains ...
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[{"type":"text","content":"Trust in Global Financial Institutions - Thomson Reuters TRust Index Third-Quarter 2013 Results(Thomson Reuters ONE via TheNewswire.ca)\n\n\n\n\n\n\n\n\n \n \n\nTrust in global financial institutions remains negative overall, but regional differences widen\n\n \n\nDivergence between positive analyst earnings and investors discounting growth still evident\n\n \n\nLevel of regulatory activity accelerating and doubled since the Dodd-Frank Act\n\n \n\nNEW YORK, October 16, 2013 - Thomson Reuters, the world's leading source of intelligent information for businesses and professionals, today announced the results of its proprietary TRust Index showing that trust in the Top 50 Global Financial institutions remained negative in the third quarter, according to news and social media sentiment analysis, but regional differences have widened since the second quarter. Financial metrics indicate increased confidence in the sector, but regulatory activity shows no sign of abating.\n\n \n \nTracking the Top 50 Global Financials for the third consecutive quarter of TRust Index metrics, the third quarter saw a continuation of several trends observed throughout 2013, among them a steady improvement in sentiment in news and social media (essentially stable for the third quarter); continued confidence in analyst expectations for the sector; the divergence between investors and analysts still evident; and proliferation - even acceleration - of regulatory activity.\n\n \n \n\"Our ongoing monitoring of key metrics on trust in the global financial industry reveals that at five years post-crisis financial institutions are stronger, more stable,\" said David Craig, president, Financial & Risk, Thomson Reuters. \"Whilst social media sentiment analysis shows trust is still negative for the quarter, for the first time since January, European Financials have moved higher than US Financials, reflecting recent mortgage scandals in the US and increasing confidence in UK and European institutions.\" \n\n \n \nTracking trust through news and social media sentiment revealed a media sentiment score of -1.5% for the Top 50 Global Financial institutions for the quarter, level with the second quarter's -1.5%. On a regional level, there continue to be subtle but important shifts. The institutions in Europe/UK saw modest third-quarter improvement in trust sentiment fr...