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Financial services earnings roundup, Jan. 24

Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them

Street Talk Episode 66 - Community banks tap the debt markets while the getting is good

Street Talk Episode 67 - Veteran investor tabs Mick Mulvaney to help with latest financial stock-focused fund

Street Talk Episode 65 - Deferral practices trap US bank portfolios in purgatory


Financial services earnings roundup, Jan. 24

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

Janus Capital Group Inc. reported fourth-quarter 2016 net income attributable to common shareholders of $29.8 million, or 17 cents per share, compared with $45.0 million, or 25 cents per share, in the year-ago period.

Adjusted net income attributable to common shareholders for the period was $36.4 million, or 20 cents per share.

The S&P Capital IQ consensus normalized EPS estimate for the quarter was 24 cents.

Financial technology

Total System Services Inc. reported fourth-quarter 2016 net income attributable to common shareholders of $74.0 million, or 40 cents per share, compared with $82.8 million, or 45 cents per share, in the year-ago period.

Adjusted earnings for the quarter were $129.6 million, or 70 cents per share, compared with $103.9 million, or 57 cents per share, in the prior-year quarter.

The S&P Capital IQ consensus normalized EPS estimate for the quarter was 70 cents.

For the full year 2017, the company expects adjusted EPS attributable to common shareholders to be in the range of $3.05 to $3.15. Total revenues for 2017 are expected to be between $4.75 billion and $4.85 billion, and net revenue is expected to be between $3.28 billion and $3.38 billion.

The S&P Capital IQ consensus normalized EPS estimate for 2017 is $3.14.

Specialty lender

Discover Financial Services reported fourth-quarter 2016 net income allocated to common stockholders of $550 million, or $1.40 per share, up from $488 million, or $1.14 per share, in the fourth quarter of 2015.

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

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Navient Corp. reported fourth-quarter 2016 GAAP net income attributable to the company of $145 million, or 48 cents per share, versus $283 million, or 78 cents per share, in the year-ago period.

Core earnings attributable to the company came in at $129 million, or 43 cents per share, versus $169 million, or 47 cents per share, a year earlier.

The S&P Capital IQ consensus normalized EPS estimate for the final quarter of 2016 was 44 cents.