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Financial services earnings roundup, Feb. 1

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Financial services earnings roundup, Feb. 1

With earnings season in gear, S&P Global Market Intelligence presents a snapshot of recently reported financial results for companies in the financial services space.

Asset manager

Legg Mason Inc. reported fiscal third-quarter net income attributable to the company of $51.4 million, or 50 cents per share, compared with a loss of $138.6 million, or $1.31 per share, in the prior-year period.

The S&P Capital IQ consensus GAAP EPS estimate for the quarter was 63 cents.

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Broker/dealer

Evercore Partners Inc. reported fourth-quarter net income attributable to the company of $43.4 million, or 98 cents per share, an increase from $20.6 million, or 45 cents per share, a year ago.

Adjusted net income attributable to the company was $74.4 million, or $1.43 per share, up from $64.7 million, or $1.22 per share, in the fourth quarter of 2015.

The S&P Capital IQ consensus normalized EPS estimate for the quarter was $1.38.

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Financial technology

Automatic Data Processing Inc. reported fiscal second-quarter 2017 net earnings of $510.9 million, or $1.13 per share, compared with $341.4 million, or 74 cents per share, in the prior-year period.

Adjusted net earnings from continuing operations was $390.3 million, or 87 cents per share, versus $332.8 million, or 72 cents per share, in the 2015 fourth quarter.

The S&P Capital IQ consensus normalized EPS estimate for the quarter was 81 cents.

The company still expects EPS from continuing operations to grow 15% to 17% and adjusted EPS to grow 11% to 13% for the fiscal year 2017.

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Vantiv Inc. reported fourth-quarter net income attributable to the company of $47.8 million, or 29 cents per share, compared with $50.9 million, or 31 cents per share, in the prior-year period.

Pro forma adjusted net income for the period was $148.1 million, or 75 cents per share, versus $128.4 million, or 65 cents per share, in the 2015 period.

The S&P Capital IQ consensus normalized EPS estimate for the quarter was 72 cents.

For the first quarter, Vantiv expects GAAP net income per share attributable to the company of 24 cents to 26 cents and pro forma adjusted net income per share of 63 cents to 65 cents.

For fiscal year 2017, the company expects GAAP net income per share attributable to the company of $1.61 to $1.68 and pro forma adjusted net income per share of $3.14 to $3.21.

The S&P Capital IQ consensus normalized EPS estimate is 65 cents for the quarter and $3.16 for 2017.

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Black Knight Financial Services Inc. reported fourth-quarter net earnings attributable to the company of $11.8 million, or 17 cents per share, up from $9.8 million, or 14 cents per share, in the year-ago quarter.

Pro forma adjusted net earnings were $45.2 million, or 30 cents per share, versus $40.4 million, or 26 cents per share, in the prior-year period.

The S&P Capital IQ consensus normalized EPS estimate for the quarter was 29 cents.

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Investment company

AGNC Investment Corp. reported fourth-quarter 2016 net income available to common stockholders of $1.01 billion, or $3.06 per share, compared with $581 million, or $1.70 per share, in the year-ago period.

The company logged a comprehensive loss available to common stockholders of $395 million, or $1.19 per share, versus comprehensive income available to common stockholders of $20 million, or 6 cents per share, in the prior-year period.

Net spread and dollar roll income, excluding catch-up premium amortization, was 64 cents per share, compared with 54 cents per share in the same quarter of the previous year.

The S&P Capital IQ consensus normalized EPS estimate for the quarter was 59 cents.