Financial Companies Report Quarterly Results, Recognitions, and Launches - Research Report on People's United Financial, First Horizon National, CBOE, Greenhill, and WisdomTree Investments
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NEW YORK, October 23, 2013 /PRNewswire/ --
Today, Analysts' Corner announced new research reports highlighting People's United Financial Inc. (NASDAQ: PBCT), First Horizon National Corporation (NYSE: FHN), CBOE Holdings, Inc. (NASDAQ: CBOE), Greenhill & Co., Inc. (NYSE: GHL), and WisdomTree Investments, Inc. (NASDAQ: WETF). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
People's United Financial Inc. Research Report
On October 17, 2013, People's United Financial Inc. (People's United Financial) released its Q3 2013 financial results. The Company's reported net income decreased by 5.8% QoQ and 5.9% YoY to $58.5 million in Q3 2013. According to the release, the Company's diluted earnings per share came in at $0.19, compared to diluted earnings of $0.20 in Q2 2013 and $0.18 in Q3 2012. Commenting on the results, Jack Barnes, President and CEO stated, "Our performance this quarter reflects the continued benefits from strategic investments in people, products and services, as well as an expanded geographic footprint developed over the past three years. Ongoing progress in loan and deposit growth, both this quarter and over the past 12 quarters, is a tribute to both our relationship managers and customers. We remain focused on delivering shareholder value by leveraging opportunities within existing markets, including strengthening our position in the Boston and New York MSAs." In the same release, Board of Directors of People's United Financial also declared a quarterly dividend of c.$0.16 per share, payable on November 15, 2013, to shareholders of record as of November 1, 2013. The Full Research Report on People's United Financial Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/2341_PBCT]
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First Horizon National Corporation Research Report
On October 16, 2013, First Horizon National Corporation (First Horizon) announced that for the fifth time, it has made to the InformationWeek 500 list of the nation's most innovative users of business technology. According to the Company, First Horizon was recognized, via its subsidiary First Tennessee Bank, for developing mobile banking services that keep pace with the changing preferences of business customers. Bruce Livesay, Executive Vice President and Chief Information Officer for First Horizon stated, "The customer doesn't have to download an app, and First Tennessee avoided complexities and costs associated with supporting multiple device operating systems. We are proud to be honored by InformationWeek for using technology to best benefit our customers." The Full Research Report on First Horizon National Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/87c5_FHN]
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CBOE Holdings, Inc. Research Report
On October 8, 2013, CBOE Holdings, Inc. (CBOE) announced that options on the CBOE Volatility Index® (VIX® Index) established an all-time, single-day volume record. According to the Company, options volume totaled an estimated 1.8 million contracts, surpassing the previous record of approximately 1.4 million contracts traded as of April 15, 2013. The Company also stated that year to date through September 2013, VIX options average daily volume was 565,040 contracts, an increase of 32% YoY. Additionally, VIX futures ADV year to date through September 2013 was nearly 160,000 contracts, an increase of 86% YoY. The Full Research Report on CBOE Holdings, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/8455_CBOE]
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Greenhill & Co., Inc. Research Report
On October 17, 2013, Greenhill & Co., Inc. (Greenhill) released its Q3 2013 financial results. Total revenues were down 29% YoY to $44.5 million in Q3 2013. Net income allocated to common stockholders for Q3 2013 was $1.8 million or $0.06 per diluted share, compared to net income allocated to common stockholders of $8.6 million or $0.28 per diluted share in Q3 2012. Commenting on the release, the Company's Chairman Robert F. Greenhill said, "The third quarter was a slow one for transaction completions for both the market generally and our Firm, yet we generated significant advisory revenue from a variety of client activities and remained on track for another year of substantial market share gains. Year to date our advisory revenue is up 11%, which is very favorable relative to a market where in comparison to last year the number of year to date completed M&A transactions is down 13%, the number of completed $1 billion or greater transactions is down 15% and completed transaction volume (the sum of all deal sizes) is down 2%." The Full Research Report on Greenhill & Co., Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/c38d_GHL]
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WisdomTree Investments, Inc. Research Report
On October 17, 2013, WisdomTree Investments, Inc. (WisdomTree) announced that it has launched the WisdomTree German Hedged Equity Fund (DXGE) on the NASDAQ Stock Market. According to the Company, DXGE has an expense ratio of 0.48% and is designed to provide exposure to German equity markets while also hedging exposure to the euro. According to Jeremy Schwartz, WisdomTree Director of Research, "We believe DXGE provides investors with a unique way to capitalize on the growth potential of German exporters while hedging exposure to an often volatile and unpredictable currency - the euro." The Full Research Report on WisdomTree Investments, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/b4a7_WETF]
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