Financial Results, Board Changes, and Dividend Announcement - Research Reports on Progressive, Southwestern, Ocwen, Capital One and Fifth Third Bank

NEW YORK, August 6, 2014 /PRNewswire/ --

Today, Analysts Review released its research reports regarding The Progressive Corporation (NYSE: PGR), Southwestern Energy Company (NYSE: SWN), Ocwen Financial Corp. (NYSE: OCN), Capital One Financial Corp. (NYSE: COF) and Fifth Third Bancorp (NASDAQ: FITB). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/5500-100free.

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The Progressive Corporation Research Reports
On August 1, 2014, The Progressive Corporation (Progressive) announced that its Director Heidi G. Miller, Ph.D., has resigned from the Company's Board of Directors. Glenn M. Renwick, Progressive's Chairman of the Board, President and CEO, commented, "On behalf of the Board, I would like to thank Heidi for the many contributions that she has made during her tenure on the Board and on our Audit Committee. We were sorry to hear of her decision to resign, but understand she has accepted another board opportunity whose meetings conflict with those of our Board." The full research reports on Progressive are available to download free of charge at:

http://www.analystsreview.com/Aug-06-2014/PGR/report.pdf

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Southwestern Energy Company Research Reports
On July 31, 2014, Southwestern Energy Company (Southwestern) released its Q2 2014 and H1 2014 financial results. For Q2 2014, the Company reported operating revenues of $1,035 million, up 20.1% YoY, surpassing the Zacks consensus revenue estimate of $1,005 million. In Q2 2014, the Company achieved record gas and oil production of 189 Bcfe, up 18.1% YoY. Net income came in at $207 million or $0.59 per diluted share, compared to $246 million or $0.70 per diluted share in Q2 2013. For H1 2014, operating revenues increased 34.7% YoY to c.$2.1 billion. Net income stood at $401 million or $1.14 per diluted share, compared to $373 million or $1.06 per diluted share in H1 2013. For full-year 2014, the Company has revised its total gas and oil production guidance to 758 Bcfe - 764 Bcfe from 740 Bcfe to 752 Bcfe. Steve Mueller, President and CEO of Southwestern, said, "Our results this quarter are helping to pave the way for another record year in 2014," He added, "The results from this quarter are continued evidence of the high quality of our current assets and growing portfolio of opportunities that will build even a brighter future." The full research reports on Southwestern are available to download free of charge at:

http://www.analystsreview.com/Aug-06-2014/SWN/report.pdf

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Ocwen Financial Corp. Research Reports
On July 31, 2014, Ocwen Financial Corp. (Ocwen) reported Q2 2014 and H1 2014 financial results. For Q2 2014, income from operations came in at $207.6 million, up 22.1% YoY, while total revenue stood at $553.1 million, up 1.5% YoY, surpassing the Zacks consensus revenue estimate of $541.0 million. During the quarter, the Company's servicing revenue improved 2.1% YoY to $520.5 million, while lending revenues partially offset the gains as they declined 7.6% YoY to $31.2 million. Net income attributable to Ocwen common stockholders came in at $66.0 million or $0.48 per diluted share, compared to $74.1 million or $0.53 per diluted share in Q2 2013. For H1 2014, the Company reported total revenue of $1.1 billion, up 16.1% YoY while net income attributable to Ocwen common stockholders came in at $140.8 million or $1.02 per diluted share, compared to $116.7 million or $0.84 per diluted share in H1 2013. The full research reports on Ocwen are available to download free of charge at:

http://www.analystsreview.com/Aug-06-2014/OCN/report.pdf

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Capital One Financial Corp. Research Reports
On July 31, 2014, Capital One Financial Corp. (Capital One) announced a quarterly dividend of $0.30 per share on its common stock, payable on August 21, 2014, to stockholders of record as of the close of business on August 11, 2014. In addition, the Company has also declared a quarterly dividend of $15.00 per share on its 6.00% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series B and a quarterly dividend of c.$13.72 per share on 6.25% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series C. According to the Company, dividend on the said Series B & C Perpetual Preferred Stock will be paid on September 2, 2014 to stockholders of record at the close of business on August 15, 2014. The full research reports on Capital One are available to download free of charge at:

http://www.analystsreview.com/Aug-06-2014/COF/report.pdf

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Fifth Third Bancorp Research Reports
On July 17, 2014, Fifth Third Bancorp (Fifth Third Bank) released its Q2 2014 financial results with net interest income (taxable equivalent) of $905 million, up 2.3% YoY. Tier I risk-based capital ratio and Tier I common equity ratio were reported at 10.80% and 9.61%, respectively, versus 11.14% and 9.49%, respectively, in Q2 2013. Net income available to common shareholders came in at $416 million or $0.49 per diluted share, compared to $582 million or $0.65 per diluted share in Q2 2013. "Second quarter results reflected our continued focus on revenue generation and core expense management, which contributed to return on average assets of 1.34 percent and return on average tangible common equity of 14.4 percent," said Kevin Kabat, CEO of Fifth Third Bank. The full research reports on Fifth Third Bank are available to download free of charge at:

http://www.analystsreview.com/Aug-06-2014/FITB/report.pdf

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EDITOR'S NOTES:
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1. This is not company news. We are an independent source and our views do not reflect the companies mentioned.

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