Financial Performance, Study Results, and Asset Sale - Research Reports on Capital One, Chubb, Ameriprise, Simon and American Realty
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NEW YORK, October 30, 2014 /PRNewswire/ --
Today, Analysts Review released its research reports regarding Capital One Financial Corp. (NYSE: COF), The Chubb Corporation (NYSE: CB), Ameriprise Financial, Inc. (NYSE: AMP), Simon Property Group Inc. (NYSE: SPG) and American Realty Capital Properties Inc. (NASDAQ: ARCP). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/7557-100free.
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Capital One Financial Corp. Research Reports
On October 16, 2014, Capital One Financial Corp. (Capital One) reported its Q3 2014 and 9M 2014 financial results. The Company's Q3 2014 total net revenue declined 0.2% YoY to $5.64 billion but surpassed the consensus revenue estimate of $5.56 billion by Thomson Reuters. At the end of the quarter, the Company's common equity Tier 1 capital ratio stood at 12.7%, unchanged from Q2 2014. The Company's Q3 2014 net income available to common stockholders came in at $1.06 billion or $1.86 per diluted share, compared to $1.09 billion or $1.84 per diluted share in Q3 2013. The Company's 9M 2014 net interest income declined 3.8% YoY to $13.2 billion, while total non-interest income improved 5.0% YoY to $3.3 billion. The Company's 9M 2014 net income available to common stockholders stood at $3.4 billion, up 4.8% YoY. The full research reports on Capital One are available to download free of charge at:
http://www.analystsreview.com/Oct-30-2014/COF/report.pdf
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The Chubb Corporation Research Reports
On October 23, 2014, The Chubb Corporation (Chubb) reported a 4.6% YoY improvement in its Q3 2014 net premiums written to $3.2 billion. During the quarter, the Company's Property and Casualty Income declined 2.0% YoY to $766 million, while book value improved 12.8% YoY to $70 per common share. The Company's Q3 2014 consolidated net income stood at $594 million or $2.47 per diluted share, compared to $541 million or $2.10 per diluted share in Q3 2014. The Company's 9M 2014 net premiums written improved 2.9% YoY to $9.5 billion, while consolidated net income declined 13.2% YoY to $1.5 billion. John D. Finnegan, Chairman, President and CEO, Chubb, said, "Based on our excellent performance in the third quarter and our outlook for the fourth quarter, we are increasing our full year 2014 operating income per share guidance to a range of $7.35 to $7.45 from the $6.75 to $6.95 range we provided in July 2014." The full research reports on Chubb are available to download free of charge at:
http://www.analystsreview.com/Oct-30-2014/CB/report.pdf
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Ameriprise Financial, Inc. Research Reports
On October 15, 2014, Ameriprise Financial, Inc. (Ameriprise) released the results of its Health, Wealth and Retirement study that surveyed over 1,000 employed baby boomers aged between 50 and 64 who are preparing for retirement with at least $100,000 in investable assets. According to the study, when asked what they've done to prepare for funding healthcare costs in retirement, 19% stated that they have taken one or more steps to prepare, 26% have reviewed their options but have taken no action, 40% have thought about it but haven't looked into it in detail, and 15% of respondents haven't begun to consider how they will cover health care costs in retirement. In addition, 64% of boomers expect a financial advisor to play at least some role in discussions about health and health care costs in retirement. The full research reports on Ameriprise are available to download free of charge at:
http://www.analystsreview.com/Oct-30-2014/AMP/report.pdf
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Simon Property Group Inc. Research Reports
On October 22, 2014, Simon Property Group Inc. (Simon) reported Q3 2014 net income attributable to common stockholders of $252.0 million, compared to $311.7 million in Q3 2013. During the quarter, the total revenues improved 7.7% YoY to $1.23 billion. The Company's Q3 2014 comparable (adjusted) Funds from operations (FFO) per share stood at $2.25, up 14.2% YoY. According to Zacks, the Company was expected to report Q3 2014 comparable FFO of $2.02 and revenue of $1.20 billion. The Company's 9M 2014 total revenue improved 8.5% YoY to $3.6 billion, while net income attributable to common stockholders improved 7.0% YoY to $1.0 billion. For full-year 2014, the Company expects diluted EPS in the range of $4.45 - $4.49 and FFO per diluted share between $8.84 and $8.88. The full research reports on Simon are available to download free of charge at:
http://www.analystsreview.com/Oct-30-2014/SPG/report.pdf
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American Realty Capital Properties Inc. Research Reports
On October 20, 2014, American Realty Capital Properties Inc. (American Realty) announced the completion of the sale of substantially all of its multi-tenant shopping center portfolio for approximately $1.93 billion to a joint venture between affiliates of Blackstone Real Estate Partners VII and DDR Corp. In addition, the Company has entered into a Letter of Intent with an unrelated third party to sell five multi-tenant properties for $52.8 million, resulting in total sale proceeds of $1.979 billion. David S. Kay, CEO, American Realty said, "With the sale of our multi-tenant properties, we continue to focus on reducing complexity while strengthening the ARCP story as the leading, solely-focused net lease REIT." The full research reports on American Realty are available to download free of charge at:
http://www.analystsreview.com/Oct-30-2014/ARCP/report.pdf
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