Financial Results, Depositary Receipts Update, and Upcoming Conference Calls - Research Reports on State Street, BNY Mellon, Blackstone, AMG and Artisan Partners
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NEW YORK, July 25, 2014 /PRNewswire/ --
Today, Analysts Review released its research reports regarding State Street Corporation (NYSE: STT), The Bank of New York Mellon Corporation (NYSE: BK), The Blackstone Group L.P. (NYSE: BX), Affiliated Managers Group, Inc. (NYSE: AMG) and Artisan Partners Asset Management Inc. (NYSE: APAM). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/5103-100free.
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State Street Corporation Research Reports
On July 22, 2014, State Street Corporation (State Street) reported its Q2 2014 financial results. Revenue increased 1.6% YoY to $2.6 billion. Net income came in at $602 million, or $1.38 per diluted common share, compared with $571 million, or $1.24 per diluted common share in Q2 2013. Joseph L. Hooley, State Street's Chairman, President and CEO said, "We continue to see strong demand for our products and services as evidenced by our second quarter new business wins which were $250 billion in asset servicing and $18 billion in net new assets to be managed. We also have a robust and well-diversified new business pipeline." He added that the Company continues to prioritize returning capital to shareholders through dividends and purchases, and during Q2 2014 it purchased approximately $410 million of the common stock. The full research reports on State Street are available to download free of charge at:
http://www.analystsreview.com/Jul-25-2014/STT/report.pdf
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The Bank of New York Mellon Corporation Research Reports
On July 22, 2014, The Bank of New York Mellon Corporation (BNY Mellon) announced that according to its Depositary Receipts (DR) 2014 Midyear Update, the first half of the year registered the highest level of DR capital raisings in the last three years. According to the update, as of June 30, 2014, about 41 capital markets transactions raised more than $9.1 billion globally, versus the $3.6 billion raised through 20 transactions during the same period in 2013. Furthermore International companies continuously turn to US stock exchanges to connect with American investors for initial public offerings and subsequent capital raising activities, while Companies from Asia-Pacific have dominated activity to date, accounting for almost 60% of capital raised with more than $5.5 billion. BNY Mellon added that China was responsible for nearly half of the new capital raising DR programs. The full research reports on BNY Mellon are available to download free of charge at:
http://www.analystsreview.com/Jul-25-2014/BK/report.pdf
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The Blackstone Group L.P. Research Reports
On July 17, 2014, The Blackstone Group L.P. (Blackstone) reported its Q2 2014 financial results. Total revenues increased 56.1% YoY to $2.2 billion. Economic Net Income (ENI) was $1.3 billion, up 88.6% YoY. Net income registered $517.0 million, or distributable earnings of $0.65 per common unit, compared with $211.1 million, or distributable earnings $0.28 per common unit in Q2 2013. Stephen A. Schwarzman, Chairman and CEO, said, "Blackstone's second quarter results marked one of our best ever in terms of both ENI and distributable earnings." He added, "Despite our sharp increase in realizations to $39 billion over the past year, continued capital inflows and strong investment performance brought us to another record for total assets under management, reaching $279 billion at quarter end, up 21% year over year." The full research reports on Blackstone are available to download free of charge at:
http://www.analystsreview.com/Jul-25-2014/BX/report.pdf
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Affiliated Managers Group, Inc. Research Reports
On July 22, 2014, Affiliated Managers Group, Inc. (AMG) announced that it will report its Q2 2014 financial results on July 29, 2014, followed by a conference call on the same day at 11:00 a.m. ET. The Company stated that its Chairman and CEO Sean M. Healey, President and Chief Operating Officer Nathaniel Dalton, and CFO Jay C. Horgen will host the call. AMG added that the teleconference call, as well as its replay, will be made available on its Investor Relations website. The full research reports on AMG are available to download free of charge at:
http://www.analystsreview.com/Jul-25-2014/AMG/report.pdf
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Artisan Partners Asset Management Inc. Research Reports
On July 21, 2014, Artisan Partners Asset Management Inc. (Artisan Partners) reported its Q2 2014 financial results. Total revenues were up 28.7% YoY to $208.5 million. Operating income registered $80.8 million, compared with $48.3 million in Q2 2013. Net income stood at $19.3 million, or $0.42 per diluted share, compared with $5.7 million, or $0.38 per diluted share in Q2 2013. The Company also reported assets under management (AUM) of $112.0 billion up 30.6% YoY. According to Eric Colson, President and CEO, as of June 30, 2014 seven out of its 11 strategies with 10-year track record have added value over the trailing 10-year period. Furthermore, four of its five distribution channels and four of its six investment teams experienced positive client cash flows during the quarter. The full research reports on Artisan Partners are available to download free of charge at:
http://www.analystsreview.com/Jul-25-2014/APAM/report.pdf
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