NEW YORK, April 24, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Capital One Financial Corp. (NYSE: COF), BlackRock Inc. (NYSE: BLK), Simon Property Group Inc. (NYSE: SPG), The Bank of New York Mellon Corporation (NYSE: BK) and PNC Financial Services Group Inc. (NYSE: PNC). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/1547-100free.
Capital One Financial Corp. Analyst Notes
On April 16, 2014, Capital One Financial Corp. (Capital One) released its Q1 2014 financial results, which surpassed market expectations on the back of lower provisions. Capital One reported Q1 2014 total net revenue of $5.4 billion, down 3.3% YoY. Net income available to common stockholders rose to $1.1 billion, or $1.96 per share from $1.0 billion, or $1.77 per share in Q1 2013. Analysts on average expected earnings of $1.69 per share on revenue of $5.44 billion, according to Thomson Reuters. During the quarter, the Company non-interest expense declined 2.0% to $2.9 billion, while the provision for credit losses declined 16.9% YoY to $735 billion. The Company reported Common equity Tier 1 capital ratio of 13.0%, while the cash and cash equivalents declined 8.4% YoY to $6.2 billion. The full analyst notes on Capital One are available to download free of charge at:
BlackRock Inc. Analyst Notes
On April 17, 2014, BlackRock Inc. (BlackRock), the world's largest asset manager, released its Q1 2014 earnings. The Company reported Q1 2014 total revenue of $2.7 billion, up 9.0% YoY. During the quarter, the Company reported Retail long-term net inflows of $14.0 billion driven by fixed income net inflows of $6.1 billion, which reflected strong interest in unconstrained fixed income offerings, including $2.7 billion of net inflows into strategic Income Opportunities fund, and a 46.3% YoY rise in performance fee. Net income attributable to BlackRock came in at $756 million or $4.40 per diluted share. Excluding certain long-term compensation expenses and other one-time items, earnings were $4.43 a share, beating analysts' average forecast of $4.11 a share. The full analyst notes on BlackRock are available to download free of charge at:
Simon Property Group Inc. Analyst Notes
On April 16, 2014, Simon Property Group Inc. (Simon) announced the multi-phase expansion and renovation at The Fashion Centre at Pentagon City. The Fashion Centre at Pentagon City comprises of more than 170 stores and is administered by Nordstrom and Macy's. According to Simon, the construction is expected to begin soon on 50,000 square foot expansion to the property along Hayes Street. The expansion includes a new feature mall entrance, new office lobby and two levels of new retail shops and restaurants with outdoor seating. In addition, the Company plans to add a new valet parking along with enhancements to the landscaping and vehicular ingress and egress. Laurie VanDalen, General Manager of The Fashion Centre at Pentagon City, said, "This project will completely transform the look and feel of our center." The full analyst notes on Simon are available to download free of charge at:
The Bank of New York Mellon Corporation Analyst Notes
The Bank of New York Mellon Corporation (BNY Mellon) swung to profit in Q1 2014. On April 22, 2014, before market hours, the Company reported its Q1 2014 financial results. Total fee and other revenue was $2.9 billion, up 0.8% YoY. Net income attributable to common stockholders came in at $661 million or $0.57 per diluted share, compared to a net loss of $266 million or diluted loss per share of $0.23 in Q1 2013. During the quarter, the Company's estimated common equity Tier 1 (CET 1) ratio under the standardized approach was 11.0%, better than the Q1 2013 estimated CET 1 ratio of 9.4%. As previously disclosed, BNY Mellon will pay a quarterly common stock dividend of $0.17 per common share on May 7, 2014 to shareholders of record as of the close of business on April 25, 2014. The full analyst notes on BNY Mellon are available to download free of charge at:
PNC Financial Services Group Inc. Analyst Notes
On April 16, 2014, PNC Financial Services Group Inc. (PNC) released its Q1 2014 financial results. The Company reported Q1 2014 total revenue of $3.8 billion, down 4.5% YoY. Net income attributable to common stockholders rose to $992 million from Q1 2013 figure of $928 million. EPS improved to $1.82 from $1.74. On average, 28 analysts polled by Thomson Reuters expected the Company to report earnings of $1.66 per share. According to the Company, the Q1 2014 results were driven by loan and deposit growth, well-controlled expenses and credit quality improvement as well as seasonal trends. Pro forma fully phased-in Basel III common equity Tier 1 capital ratio increased to an estimated 9.7% at March 31, 2014 from 9.4% at December 31, 2013 based on the standardized approach rules. The full analyst notes on PNC are available to download free of charge at:
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