Quarterly Financial Results Reported by the Financial Sector Companies - Research Report on Janus Capital Group, SVB Financial Group, PacWest, Popular, and CapitalSource
NEW YORK, November 5, 2013 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Today, Analysts' Corner announced new research reports highlighting Janus Capital Group, Inc. (NYSE: JNS), SVB Financial Group (NASDAQ: SIVB), PacWest Bancorp (NASDAQ: PACW), Popular, Inc. (NASDAQ: BPOP), and CapitalSource Inc. (NYSE: CSE). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Janus Capital Group, Inc. Research Report
On October 24, 2013, Janus Capital Group, Inc. (Janus Capital Group) released its Q3 2013 financial results. Total revenues were up by 4.2% YoY to $217.7 million in Q3 2013. Net income attributable to Janus Capital Group in Q3 2013 was $32.6 million or $0.17 per diluted share, compared to $25.1 million or $0.14 per diluted share in Q3 2012. The Company's reported average assets under management (AUM) in Q3 2013 were $165.2 billion, compared to average AUM of $155.5 billion in Q3 2012. The Full Research Report on Janus Capital 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/21e9_JNS]
SVB Financial Group Research Report
On October 24, 2013, SVB Financial Group (SVB Financial) released its Q3 2013 financial results. Net income available to common stockholders for Q3 2013 was $67.6 million or $1.46 per diluted share, compared to $42.3 million or $0.94 per diluted share in Q3 2013. Commenting on the results, Greg Becker, President and CEO of SVB Financial, said, "We delivered a very strong quarter marked by outstanding loan growth, high credit quality, exceptional gains on venture capital-related investments, and substantial growth in total client funds. This is our 30th year of partnering with entrepreneurs and investors in the innovation sector, which continues to grow and thrive, often in direct contrast to the broader economy. We are more convinced than ever we're serving the right markets with significant opportunities for growth." The Full Research Report on SVB Financial Group - 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/c0be_SIVB]
PacWest Bancorp Research Report
On October 23, 2013, PacWest Bancorp (PacWest) released its Q3 2013 financial results. Net earnings for Q3 2013 were $24.2 million or $0.53 per diluted share, compared to $16.1 million or $0.43 per diluted share in Q3 2012. Commenting on the results, CEO Matt Wagner said, "We had a solid third quarter, with net earnings of $24.2 million, both loan and core deposit growth, stable credit quality and a core net interest margin of 5.29%. We are very pleased with our loan and lease origination activity, with $196 million in loans originated in the third quarter compared to $170 million last quarter. When our originations are combined with purchased credits and paydowns, the non-covered loan and lease portfolio increased $34 million quarter-over-quarter. Although we see an improving economy in our market areas, we still encounter irrational loan pricing from competitors. Nevertheless, our core earnings are very strong and we expect to continue to generate solid core earnings in succeeding quarters." The Full Research Report on PacWest Bancorp - 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/a9b0_PACW]
Popular, Inc. Research Report
On October 23, 2013, Popular, Inc. (Popular) issued the corrected release of its Q3 2013 financial results, highlighting a change in the dial-in phone number. The Company's net income applicable to common stock of $228.2 million or $2.22 per diluted share in Q3 2013, compared to $47.2 million or 0.45 per diluted share in Q3 2012. Commenting on the results, Mr. Richard L. Carrión, Chairman of the Board and CEO stated, "We continue to generate strong revenues from our core businesses with a net interest margin and capital levels above peer averages. Credit metrics continue to improve, reaching new lows despite the sluggish environment on the island. As a result of our strong capital position, improved asset quality and solid financial performance, I am pleased to mention that we have filed an application to repay TARP. While we are hopeful our application will be approved, we cannot speculate on the timing or the conditionality, if any, of an approval." The Full Research Report on Popular, 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/f129_BPOP]
CapitalSource Inc. Research Report
On October 23, 2013, CapitalSource Inc. (CapitalSource) released its Q3 2013 financial results. The Company's reported net income for Q3 2013 was $48.4 million or $0.24 per diluted share, compared to net income of $31.0 million or $0.14 per diluted share in Q3 2012. Commenting on the results, James J. Pieczynski, CEO of CapitalSource stated, "The third quarter was an ongoing demonstration of the breadth and depth of our national lending franchise, as loan growth of $174 million raised year-to-date growth to 13.6%. Despite continuing competitive pressures, we saw early signs this quarter that pricing is stabilizing with a bias to go higher as interest rates start to move up. We are continuing to execute on all of our core business strategies in anticipation of the merger with PacWest Bancorp, which is still expected to close in the first quarter of next year." The Full Research Report on CapitalSource 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/8f0b_CSE]
- 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 Ananya Ghosh, a CFA charterholder. 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 represented by Ananya Ghosh, CFA, has 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.
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE Analysts' Corner
More by this Source
Global Cell Therapy - Technologies, Markets and Companies
Jan 16, 2014, 14:00 ET
Browse our custom packages or build your own to meet your unique communications needs.
Learn about PR Newswire services
Request more information about PR Newswire products and services or call us at (888) 776-0942.