trending Market Intelligence /marketintelligence/en/news-insights/trending/BuSv1gmCUW9cT_VRtbTuMg2 content esgSubNav
In This List

Financial services earnings roundup, Aug. 9

Blog

Banking Essentials Newsletter 2021: December Edition

Blog

Automating Credit Risk Surveillance Using Statistical Models

Blog

Post-webinar Q&A: Speed and Scalability – Automation in Credit Risk Modeling

Case Study

A Chinese Bank Takes Steps to Minimize Risks as it Supports International Trade


Financial services earnings roundup, Aug. 9

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.

Broker/dealer

TMX Group Ltd. reported second-quarter net income attributable to shareholders of C$66.5 million, or C$1.19 per share, compared with C$58.3 million, or C$1.07 per share, in the year-ago quarter.

Adjusted EPS for the period was C$1.26, compared with C$1.23 in the year-ago quarter.

Financial technology

Vantiv Inc. reported second-quarter net income attributable to the company of $68.8 million, or 42 cents per share, up from $59.3 million, or 38 cents per share, in the prior-year period.

The company's pro forma adjusted net income for the quarter was $164.7 million, or 83 cents per share, compared with $138.4 million, or 70 cents per share, in the second quarter of 2016.

The S&P Capital IQ consensus normalized EPS estimate for the quarter was 82 cents.

Vantiv also set guidance for the third quarter and revised its full-year 2017 outlook.

The company expects net revenue in the third quarter to be between $544 million and $554 million and sees GAAP net income per share attributable to the company to being between 41 cents and 43 cents. Pro forma adjusted net income per share is expected to be between 88 cents and 90 cents for the quarter.

The S&P Capital IQ consensus normalized EPS estimate for the third quarter is 86 cents.

For the full year, Vantiv adjusted its net revenue outlook to $2.10 billion to $2.12 billion from the prior range of $2.08 billion to $2.12 billion. The company's outlook for GAAP net income per share attributable to the company for the year was lowered to a range of $1.31 to $1.36 from the previous guidance of $1.51 to $1.58. Pro forma adjusted net income per share is now expected to be between $3.31 and $3.36, up from the prior guidance of $3.22 to $3.29.

The S&P Capital IQ consensus normalized EPS estimate for the year is $3.27.

Investment company

Starwood Property Trust Inc. reported second-quarter core earnings of $136.8 million, or 52 cents per share.

The S&P Capital IQ consensus normalized EPS estimate for the quarter was 51 cents.

GAAP net income attributable to the company was $117.4 million, or 44 cents per share, for the quarter.

_________________________________________________

FS Investment Corp. reported second-quarter net investment income of $46.5 million, or 19 cents per share, compared with $56.8 million, or 23 cents per share, in the same quarter of 2016.

Adjusted net investment income per share for the quarter was 19 cents, compared with 24 cents in the prior-year quarter.

The S&P Capital IQ consensus normalized EPS estimate for the quarter was 20 cents.