trending Market Intelligence /marketintelligence/en/news-insights/trending/qm3vQZAhTb9ShPACP2Cx4A2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Financial services earnings roundup, May 9

Banking Essentials Newsletter - November Edition

University Essentials | COVID-19 Economic Outlook in Banking: Rates and Long-Term Expectations: Q&A with the Experts

Estimating Credit Losses Under COVID-19 and the Post-Crisis Recovery

StreetTalk – Episode 70: Banks' Liquidity Conundrum Could Fuel M&A Activity


Financial services earnings roundup, May 9

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

Broker/dealer

first-quarter net income attributableto shareholders of C$46.3 million, or 85 Canadian cents per share, compared withC$42.6 million, or 78 cents per share, in the first quarter of 2015.

The increasein first-quarter net income reflected lower operatingexpenses, including lower strategic realignment expenses. The increase was partiallyoffset by foreign exchange gains on translating net monetary assets denominatedin non-Canadian currencies in the firstquarter of 2015.

AdjustedEPS for the period was C$1.00, compared with 99 cents in the previous-year quarter.


reported first-quarternet income of $27.1 million, or 36 cents per share, down from $43.1 million, or56 cents per share, in the first quarter of 2015.

Non-GAAPnet income for the quarter was $43.4 million, or 57 cents per share, compared with$49.9 million, or 65 cents per share, in the year-ago period. Non-GAAP results excludeexpenses associated with the company's acquisitions.

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


Investment company

first-quarter core earningsof $118.9 million, or 50 cents per share.

The S&PCapital IQ consensus normalized EPS estimate for the quarter was 50 cents.

GAAPnet income attributable to the company for the first quarter was $26.7 million,or 11 cents per share. Unrealized changes in fair value of securities and foreigncurrency hedges and depreciation on the company's property portfolio weighed onits GAAP net income.


reported net investmentincome of $49.9 million, or 21 cents per share, for the first quarter, comparedwith $51.6 million, or 21 cents per share, in the first quarter of 2015.

Adjustednet investment income was 21 cents per share for the quarter, compared with 23 centsper share a year earlier.

The S&P Capital IQ consensus normalized EPS estimate forthe quarter was 23 cents.


Specialty lender

first-quarter GAAP net income of$4.1 million, or 1 cent per share, compared with a net loss of $6.4 million, or2 cents per share, in the year-ago period.

GAAPnet income included $15.0 million of stock-based compensation expense in the firstquarter, compared to $11.6 million in the first quarter of 2015.

Adjustednet income for the quarter was $20.9 million, or 5 cents per share, compared to$7.7 million, or 2 cents per share, in the prior-year quarter.

The S&PCapital IQ consensus normalized EPS estimate for the quarter was 5 cents.


reported first-quarternet income attributable to the company of $32.0 million, or 69 cents per share,down from $58.1 million, or $1.19 per share, in the year-ago quarter.

Net income,as adjusted, was $39.5 million, or 85 cents per share, compared with $59.9 million,or $1.22 per share, in the prior-year period.

The S&P CapitalIQ consensus normalized EPS estimate for the quarter was 93 cents.