Financial Companies Announce Earnings Results and Take Initiatives to Provide Premium Customer Service - Research Report on FNF, Brookfield, Assured Guaranty, Howard Hughes and BOFI

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Aug 22, 2013, 08:00 ET

NEW YORK, August 22, 2013 /PRNewswire/ --

Today, Investors' Reports announced new research reports highlighting Fidelity National Financial, Inc. (NYSE: FNF), Brookfield Asset Management Inc. (NYSE: BAM), Assured Guaranty Ltd. (NYSE: AGO), The Howard Hughes Corporation (NYSE: HHC) and BofI Holding Inc. (NASDAQ: BOFI). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.

Fidelity National Financial, Inc. Research Report

On August 5, 2013, Fidelity National Financial, Inc. (FNF) released its Q2 2013 operating results with total revenue up 32.0% YoY to $2.3 billion. Net earnings attributable to common shareholders were $139 million, or $0.61 per diluted share, compared to $147 million or $0.65 per share in Q2 2012. CEO, George P. Scanlon said, "The second quarter results continue to highlight the earnings power of our title business. With an improving residential purchase market and strong refinance order closings, we were able to generate a 16.5% pre-tax title margin, nearly equal to that of full-year 2003 when adjusted for the difference in the provision for title losses between the time periods." The Full Research Report on Fidelity National Financial, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-19/FNF]

Brookfield Asset Management Inc. Research Report

On August 9, 2013, Brookfield Asset Management Inc. (Brookfield) released its financial results for Q2 2013. Funds from operations for common shareholders were at $464 million, or $0.68 per share, compared to $159 million or $0.20 per Brookfield share. Net income was $802 million or $0.31 per Brookfield share, compared to net income of $379 million or $0.17 per Brookfield share. According to the Company, the key drivers of robust financial results were higher capital under management which led to strong jump in asset management fees; improved hydrology levels and higher spot market power pricing in our renewable power operations; and higher prices and volumes related to operations with exposure to the continuing U.S. housing recovery. Brookfield CEO Bruce Flatt said, "Asset management fees increased 72% during the quarter and virtually all of our operating groups are performing well and positioned for growth. We closed a number of realizations and raised over $14 billion of fund commitments for new investments. We are also seeing attractive opportunities to put money to work in all of our businesses."The Full Research Report on Brookfield Asset Management Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-19/BAM]

Assured Guaranty Ltd. Research Report

On August 8, 2013, Assured Guaranty Ltd. (Assured Guaranty) released its Q2 2013 financial results with total revenues down by 38.4% YoY to $465 million. Net income was $219 million or $1.16 per diluted share, compared to $377 million or $2.01 per diluted share in Q2 2012. The decline in net income was attributed to lower non-economic net unrealized fair value gains and lower net earned premiums, which were partially offset by lower loss expense. Dominic Frederico, President and CEO of Assured Guaranty said, "We are optimistic about our prospects in a higher interest rate environment and as the market gets to know our new, 100% U.S. municipal insurance platform, Municipal Assurance Corp. We also look forward to growth in our international business, where we closed two important UK infrastructure transactions in July." The Full Research Report on Assured Guaranty Ltd. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-19/AGO]

The Howard Hughes Corporation Research Report

On August 13, 2013, The Howard Hughes Corporation (Howard Hughes) announced that it has formed Howard Hughes Management Services Company (HHMSC) to provide premium customer service and property management services for commercial tenants across the U.S. According to Howard Hughes, HHMSC will provide hands-on property management, lease administration, engineering services, accounting and financial reporting, tenant relations programs, risk management and construction management. Paul Layne, Executive Vice President of Master Planned Communities of Howard Hughes said, "Our seasoned property management team is establishing standards of excellence and industry-best practices that will truly differentiate the company from the competition. Adding top-notch property management services to our already impressive list of advantages will help promote retention and reduce operating costs for our tenants."The Full Research Report on The Howard Hughes Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-19/HHC]

BofI Holding Inc. Research Report

On August 7, 2013, BofI Holding Inc. (BOFI) released its Q4 FY 2013 and full-year FY 2013 (period ended June 30, 2013) financial results. During the quarter, the Company reported net income attributable to common shareholders of $11.1 million, or $0.78 per diluted share, compared to $8.2 million or $0.64 per diluted share in Q4 FY 2012. For full-year FY 2013, net income increased 36.7% YoY to $40.3 million. Greg Garrabrants, President and CEO said, "Although it is gratifying to report our sixth consecutive quarter of record earnings, I am most proud of our significant progress in diversifying our deposit base. We achieved significant growth in consumer and business checking account balances and successfully entered the prepaid sponsorship marketplace. In addition to significantly improving our deposit mix this fiscal year, we continue to diversify our lending businesses and develop new sources of fee income making our business more resilient to changes in market conditions." The Full Research Report on BofI Holding Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-19/BOFI]

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