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Positive Financial Results, Investment Grade Ratings, and Exchange Initiatives - Research Report on T. Rowe, Xoom, Prospect, NYSE Euronext, and ViewPoint

Editor Note: For more information about this release, please scroll to bottom.


News provided by

Analysts' Corner

Jul 30, 2013, 08:00 ET

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NEW YORK, July 30, 2013 /PRNewswire/ --

Today, Analysts' Corner announced new research reports highlighting T. Rowe Price Group, Inc. (NASDAQ: TROW), Xoom Corporation (NASDAQ: XOOM), Prospect Capital Corporation (NASDAQ: PSEC), NYSE Euronext, Inc. (NYSE:NYX), and Viewpoint Financial Group (NASDAQ: VPFG). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.

T. Rowe Price Group, Inc. Research Report

On July 24, 2013, T. Rowe Price Group, Inc. (T. Rowe) reported its financial results for Q2 2013. Net revenue increased 15.9% YoY to $854.3 million. Net income was $247.8 million or $0.92 per diluted share, compared to net income of $206.8 million or $0.79 per diluted share in Q2 2012. Commenting on the results, James A.C. Kennedy, the Company's Chief Executive Officer and President, said, "We remain confident about our positioning and progress. Our overall investment performance remains very strong, especially in our asset allocation portfolios. Despite the outflows we have experienced from certain institutional clients, our ability to win new business and our active pipeline for new institutional accounts remain in line with previous years. We continue to work to deepen our investment teams, to maintain our culture, and to keep our talent. We have also been picking up the pace of investment in technology and distribution, in order to increase our capabilities and broaden our distribution reach." The Full Research Report on T. Rowe Price 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/c441_TROW]

Xoom Corporation Research Report

On July 24, 2013, Xoom Corporation (Xoom) reported its financial results for Q2 2013. Revenue increased 59.4% YoY to $33.5 million. GAAP net income was $4.1million or $0.11 per diluted share, compared to net loss of $1.6 million or $0.32 per diluted share in Q2 2012. Adjusted EBITDA for Q2 2013 was $6.1 million, compared to a negative adjusted EBITDA of $0.3 million for Q2 2012. According to John Kunze, President and Chief Executive Officer, Xoom, "We are pleased with our solid results driven by growth across all corridors, including strength from our India corridor. We believe our initiatives in providing customers the best-in-class money transfer service are paying off." The Full Research Report on Xoom Corporation - 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/d20d_XOOM]

Prospect Capital Corporation Research Report

On July 12, 2013, Prospect Capital Corporation (Prospect) announced that it has received a BBB+ rating with a stable outlook from Kroll Bond Rating Agency (KBRA). According to Prospect, the BBB+ rating of the Company reflects its significant position in senior secured debt investments, strong leverage metrics that are well below the BDC (Business Development Company) regulatory limits, excellent asset quality performance to date, and the quality of its credit originations and monitoring. The Company further added that the rating was based on KBRA's Finance Company Rating Methodology which was published on April 1, 2013. Prospect had completed its Initial Public Offering (IPO) in June 2004. The Full Research Report on Prospect Capital Corporation - 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/e381_PSEC]

NYSE Euronext, Inc. Research Report

On July 24, 2013, NYSE Euronext, Inc. (NYSE Euronext) announced that it has joined the United Nations' Sustainable Stock Exchanges (SSE) initiative. The initiative aims to explore how exchanges can work together with investors, regulators, and companies to enhance corporate transparency on Environmental, Social and Corporate Governance (ESG) issues and encourage responsible long-term approaches to investment. According to Duncan L. Niederauer, CEO of NYSE Euronext, "As the only carbon neutral global exchange group, we are proud to join the SSE initiative and partner with the UN and our industry to support best practices in corporate governance and transparency related to corporate sustainability. We lead by example by running our business in an environmentally responsible manner, and by leveraging the unique power of our platform and our NYSE Euronext community, we empower learning and collaboration within the broader corporate sector." The Full Research Report on NYSE Euronext, 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/801c_NYX]

ViewPoint Financial Group Research Report

On July 23, 2013, Viewpoint Financial Group (ViewPoint) reported its financial results for Q2 2013. The Company's net income of $8.2 million, or $0.21 per diluted share, increased by 25.9% YoY and 1.4% QoQ. Net interest margin increased by ten basis points to 3.72% compared to 3.62% in Q2 2012. Commenting on the results, President and CEO Kevin Hanigan said, "I am very pleased with our quarter. Our key ratios (NIM, Efficiency Ratio, ROA, and ROE) are all appreciably up from the second quarter of 2012, resulting in a 24% earnings per share increase that was fueled by a 38% increase in commercial loans." The Full Research Report on Viewpoint 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/dff5_VPFG]

EDITOR NOTES:

  1. This is not company news. We are an independent source and our views do not reflect the companies mentioned.
  2. Information in this release is fact checked and produced on a best efforts basis and reviewed by a CFA. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.
  3. 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.
  4. 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 [email protected].
  5. For any urgent concerns or inquiries, please contact us at [email protected].
  6. Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to [email protected] for consideration.

COMPLIANCE PROCEDURE

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 has, through Chartered Financial Analysts, 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.

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