trending Market Intelligence /marketintelligence/en/news-insights/trending/tjLFAggFYfwGBjnI65Zgrg2 content esgSubNav
In This List

Financial services earnings roundup, Aug. 10

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. 10

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

Brookfield Asset Management Inc. reported second-quarter net income attributable to shareholders of $225 million, or 19 cents per share, compared to $185 million, or 15 cents per share, in the prior-year quarter.

_______________________________

Onex Corp. reported second-quarter net earnings of $2.67 billion, or $26.61 per subordinate voting share, versus $367 million, or $3.12 per subordinate voting share, in the year-ago quarter.

_______________________________

CI Financial Corp. reported second-quarter net income of C$96.3 million, or 37 Canadian cents per share, versus C$128.6 million, or 47 cents per share, a year ago.

Adjusted net income for the period was C$141.3 million, or 54 cents per share, compared with C$128.6 million, or 47 cents per share, in the prior-year quarter.

The S&P Capital IQ consensus normalized EPS estimate for the period was 53 cents.

Financial technology

Broadridge Financial Solutions Inc. posted fiscal fourth-quarter net earnings of $187.1 million, or $1.57 per share, up from $170.1 million, or $1.40 per share, in the prior-year fiscal quarter.

Adjusted net earnings for the period were $204.3 million, or $1.71 per share, versus $175.6 million, or $1.45 per share, in the prior-year fiscal quarter.

The company issued fiscal year 2018 guidance that projects total revenue growth of 2% to 3% and adjusted EPS growth of 15% to 19%.

Specialty lender

Element Fleet Management Corp. posted second-quarter after-tax adjusted operating income of C$89.5 million, or 23 Canadian cents per basic share.

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