13.08.2013 14:00:00
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Quarterly Financial Results and Successful Closure of Investment Deals - Research Report on MasterCard, UBS, PHH, Triangle, and First Cash
NEW YORK, August 13, 2013 /PRNewswire/ --
Today, Investors' Reports announced new research reports highlighting MasterCard Inc. (NYSE: MA), UBS AG (NYSE: UBS), PHH Corporation (NYSE: PHH), Triangle Capital Corporation (NYSE: TCAP), and First Cash Financial Services, Inc. (NASDAQ: FCFS). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
MasterCard Inc. Research Report
On July 31, 2013, MasterCard Inc. (MasterCard) reported its financial results for Q2 2013. The Company's net revenue increased 15.2% YoY to $2.1 billion during the quarter. Net income was $848 million or $6.96 per diluted share in Q2 2013, compared to net income of $700 million or $5.55 per diluted share in Q2 2012. Commenting on the results, Ajay Banga, MasterCard President and Chief Executive Officer, said, "We had a very good second quarter supported by increases in volume and transactions in all regions of the world despite slow economic growth globally. In addition to solid business performance, I am also pleased to report that our financial inclusion initiatives are having a meaningful impact. This year alone, we have launched nine programs in tandem with government entities and other partners in emerging markets which are designed to bring much needed financial access, convenience and security to more than 350 million people globally who previously would not have had access to financial products." The Full Research Report on MasterCard Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-01/MA]
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UBS AG Research Report
On July 30, 2013, UBS AG (UBS) reported its financial results for Q2 2013. The Company's net interest income declined 13.0% YoY to (Swiss Franc) CHF1.2 billion and total operating income grew 15.4% YoY to CHF7.4 million, during the quarter. Net income attributable to UBS shareholders was CHF690 million or CHF0.18 per diluted share in Q2 2013, compared to net income attributable to UBS shareholders of CHF524 million or CHF0.14 per diluted share in Q2 2012. Commenting on the results, Group Chief Executive Officer Sergio P. Ermotti said, "I am very pleased with our performance this quarter. The results show that our strategy is right and we're ahead on execution. Every quarter since we set the strategy in 2011, we have executed it in a very clear and disciplined way building an unmatched capital position and delivering for our clients." The Full Research Report on UBS AG - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-01/UBS]
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PHH Corporation Research Report
On July 31, 2013, PHH Corporation (PHH) reported its financial results for Q2 2013. The Company's net revenues increased 47.0% YoY to $822 million during the quarter. Net income attributable to PHH was $90 million or $1.40 per diluted share, in Q2 2013, compared to net loss attributable to PHH of $57 million or $1.00 per diluted share in Q2 2012. Glen A. Messina, President and Chief Executive Officer of PHH, said, "In the second quarter, our financial performance reflected the impact of a rising interest rate environment, which drove an increase in the value of our mortgage servicing rights and negatively impacted our mortgage origination volume. I'm pleased with the progress the company is making in managing through this transition period to a rising interest rate environment. Our results were also impacted by a charge related to the commutation of our remaining Atrium reinsurance contract. The Fleet business continued to provide solid profitability." The Full Research Report on PHH Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-01/PHH]
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Triangle Capital Corporation Research Report
On July 22, 2013, Triangle Capital Corporation (Triangle) announced the successful closure of a $10 million second lien term loan in Water Pik, Inc., (Water Pik) an innovator, marketer, and supplier of branded oral health and replacement showerhead products. In other news dated July 16, 2013, Triangle announced that the Company has closed a $15 million investment, consisting of subordinated debt and equity, in Applied Consultants, Inc., a provider of inspection services to the oil and gas pipeline infrastructure industry. The Full Research Report on Triangle Capital Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-01/TCAP]
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First Cash Financial Services, Inc. Research Report
On July 17, 2013, First Cash Financial Services, Inc. (First Cash) reported its financial results for Q2 2013. The Company's revenue increased 8.1% YoY to $143.1 million during the quarter. Net income was $15.7 million or $0.53 per diluted share in Q2 2013, compared to net income of $16.3 million or $0.56 per diluted share in Q2 2012. Commenting on the results, Mr. Rick Wessel, Chief Executive Officer of First Cash, said, "We are pleased with the results of our core pawn operations, posting 9% same-store sales growth driven by our pawn retailing and lending activities." He added, "Given our competitive strengths, international growth platform and expanding customer base, we are well positioned to further grow our store count, revenues, margins and earnings." The Full Research Report on First Cash Financial Services, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-01/FCFS]
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