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/ --
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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]
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