Earnings: Slow and Steady Wins the Race - Research Report on Fortress Investment Group LLC, AllianceBernstein Holding L.P., BlackRock, Inc., Invesco Ltd. and IntercontinentalExchange, Inc.
NEW YORK, February 25, 2013 /PRNewswire/ --
Today, Investors Alliance announced new research reports highlighting Fortress Investment Group LLC (NYSE:FIG), AllianceBernstein Holding L.P. (NYSE:AB), BlackRock, Inc. (NYSE:BLK), Invesco Ltd. (NYSE:IVZ) and IntercontinentalExchange, Inc. (NYSE:ICE). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Fortress Investment Group LLC Research Report
Fortress subsidiary Gagfah SA, the third-biggest owner of German real estate by market value, was awarded a $1.4 billion loan from Bank of America to refinance some of its $4.47 billion debt due this year. The funding was used to pay back the same amount of debt that is set to mature in May. The earlier loan was used to purchase 38,000 apartments in 2006, and is the first of several financings set to close during the first half in efforts to optimize Gagfah's capital structure. Meanwhile, Fortress is set to release its 2012 fourth quarter and full year financial results, as well as its 2012 fourth quarter dividend on Wednesday, February 27, 2013. The Full Research Report on Fortress Investment Group LLC - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investors-alliance.com/r/full_research_report/3fc9_FIG]
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AllianceBernstein Holding L.P. Research Report
Asset management firm AllianceBernstein posted better than expected Q4 financial results last week, particularly in net income and earnings. Net income came in at $71.69 million compared with a loss of $516.36 million the same time last year, while earnings came in at 26 cents per share versus loss of $1.97 per share year over year. Meanwhile net revenue is at $704.6 million, up from $624.97 million year over year, which beat the consensus estimate of $672.67 million. The Street upgraded the company to a "buy" following the earnings report, citing its performance in revenue, earnings per share, net income, cash flow from operations, and profit margins. AllianceBernstein also announced a dividend payout of 40 cents per share payable on March 14. The Full Research Report on AllianceBernstein Holding L.P. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investors-alliance.com/r/full_research_report/6fb0_AB]
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BlackRock, Inc. Research Report
BlackRock, the world's largest money manager, has reopened its new investment in its $24 billion Institutional Euro Liquidity Fund this month after yields on the safest debt rose. In particular, German three-month notes rose above zero percent last month for the first time since May as EU policy makers left rates unchanged. The company placed restrictions on investors putting money in two euro-dominated finds in July last year after the European Central Bank cut its deposit rate to nil and yields on the safest government debt tumbled. However, it is keeping its restrictions on its Euro Government Liquidity Fund until further notice. Last year, the investment adviser introduced "Investing in a New World," a program that helps clients invest strategically to spark healthy returns. The Full Research Report on BlackRock, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investors-alliance.com/r/full_research_report/6a8c_BLK]
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Invesco Ltd. Research Report
Invesco's Canadian division, Invesco Canada, announced portfolio management and investment strategy changes to Invesco Emerging Markets Class, which will be renamed Trimark Emerging Markets Class effective April 5 this year. The fund is targeting companies located or active in emerging markets, according to the press release. The company also recorded a rise in its preliminary month-end assets under management earlier this month, at $712.6 billion compared with $687.7 billion year over year. The Street rates the company as a "buy," citing strengths in revenue, valuation levels, cash flow from operations, stock price. The Full Research Invesco Ltd. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investors-alliance.com/r/full_research_report/8187_IVZ]
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IntercontinentalExchange, Inc. Research Report
IntercontinentalExchange saw its earnings rise 2.1 percent as indicated by its latest earnings report due to lower expenses, although transactions and clearing revenue declined. Revenue from its credit default swap trade execution, processing and clearing business came in at about $36 million - including $19 million in CDS clearing revenue - which was down 14%. Transaction and clearing fee revenue totaled $277.1 million, down 3.5%, while profit is at $129.5 million, or $1.76 a share, compared to $126.8 million, or $1.73 a share year over year. The company is still lobbying for its proposed $8.2 billion takeover of NYSE Euronext, a deal which would result to becoming the world's third-largest exchange operator by market value. Both companies have been dealing with scrutiny from UK antitrust regulators in recent exchange deals, and wish to sidestep them by taking its plan straight to the European Commission in Brussels. The move has also got the attention of NASDAQ, and is attempting to take market share away from NYSE Euronext. The Full Research Report on IntercontinentalExchange, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investors-alliance.com/r/full_research_report/fbeb_ICE]
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