Wednesday, February 8, 2012

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Archive for the ‘Financial’ Category

Apollo Investment’s CEO Discusses Q3 2012 Results – Earnings Call Transcript

Posted by admin On February - 8 - 2012

Apollo Investment (AINV)

Q3 2012 Earnings Call

February 08, 2012 11:00 am ET

Executives

Elizabeth Besen –

James Charles Zelter – Chief Executive Officer and Director

Eileen Patrick –

Gene Donnelly – Chief Financial Officer

Analysts

Greg Mason – Stifel, Nicolaus & Co., Inc., Research Division

John W. Stilmar – SunTrust Robinson Humphrey, Inc., Research Division

Jason Arnold – RBC Capital Markets, LLC, Research Division

Richard B. Shane – JP Morgan Chase & Co, Research Division

Arren Cyganovich – Evercore Partners Inc., Research Division

Joel Houck – Wells Fargo Securities, LLC, Research Division

Jasper Burch – Macquarie Research

Christian Stadlinger

Vernon C. Plack – BB&T Capital Markets, Research Division

Mickey M. Schleien – Ladenburg Thalmann & Co. Inc., Research Division

Presentation

Operator

Good morning, and welcome to Apollo Investment Corporation’s Earnings Conference Call for its third fiscal quarter ended December 31, 2011. [Operator Instructions] It is now my pleasure to

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Financial

Apollo Investment’s CEO Discusses Q3 2012 Results – Earnings Call Transcript

Posted by admin On February - 8 - 2012

Apollo Investment (AINV)

Q3 2012 Earnings Call

February 08, 2012 11:00 am ET

Executives

Elizabeth Besen –

James Charles Zelter – Chief Executive Officer and Director

Eileen Patrick –

Gene Donnelly – Chief Financial Officer

Analysts

Greg Mason – Stifel, Nicolaus & Co., Inc., Research Division

John W. Stilmar – SunTrust Robinson Humphrey, Inc., Research Division

Jason Arnold – RBC Capital Markets, LLC, Research Division

Richard B. Shane – JP Morgan Chase & Co, Research Division

Arren Cyganovich – Evercore Partners Inc., Research Division

Joel Houck – Wells Fargo Securities, LLC, Research Division

Jasper Burch – Macquarie Research

Christian Stadlinger

Vernon C. Plack – BB&T Capital Markets, Research Division

Mickey M. Schleien – Ladenburg Thalmann & Co. Inc., Research Division

Presentation

Operator

Good morning, and welcome to Apollo Investment Corporation’s Earnings Conference Call for its third fiscal quarter ended December 31, 2011. [Operator Instructions] It is now my pleasure to

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Financial

Bank Of America: Trading Around The Edges

Posted by admin On February - 8 - 2012

By Regarded Solutions:

As many of my readers know, I suggested a buying opportunity with Bank of America (BAC) on 12/21/2011 (read this) when the shares were selling for $5.17/share.

I followed that opinion up with a longer term view of BAC share price potential in a follow up article (read this) just last week.

Today, 2/8/2012, the share price has surged once again and as of this writing, stands at $8.12/share.

One of the few investment strategies I have not discussed is trading. While I do not day trade any longer, I do take a shot at a risk play every now and then with money that i can afford to lose.

The one huge thing I learned while day trading was that you must sell in order to make a profit. I know it sounds ridiculous but I am not kidding when I say most investors do not know when to

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Financial

Bank Of America: Trading Around The Edges

Posted by admin On February - 8 - 2012

By Regarded Solutions:

As many of my readers know, I suggested a buying opportunity with Bank of America (BAC) on 12/21/2011 (read this) when the shares were selling for $5.17/share.

I followed that opinion up with a longer term view of BAC share price potential in a follow up article (read this) just last week.

Today, 2/8/2012, the share price has surged once again and as of this writing, stands at $8.12/share.

One of the few investment strategies I have not discussed is trading. While I do not day trade any longer, I do take a shot at a risk play every now and then with money that i can afford to lose.

The one huge thing I learned while day trading was that you must sell in order to make a profit. I know it sounds ridiculous but I am not kidding when I say most investors do not know when to

Complete Story »

Financial

AXIS Capital’s CEO Discusses Q4 2011 Results – Earnings Call Transcript

Posted by admin On February - 8 - 2012

AXIS Capital Holdings Limited (AXS)

Q4 2011 Earnings Conference Call

February 8, 2012 10:00 AM ET

Executives

Linda Ventresca – Executive Vice President, Corporate Development Officer

John Charman – CEO and President

Albert Benchimol – Chief Financial Officer

Analysts

Josh Shanker – Deutsche Bank

Vinay Misquith – Evercore

Matthew Heimermann – JPMorgan

Brian Meredith – UBS

Jay Cohen – Bank of America

Presentation

Operator

Good morning, and welcome to the AXIS Capital fourth quarter 2011 earnings conference call. All participants will be in listen-only mode. (Operator instructions) Please note, this event is being recorded. I would now like to turn the conference over to Linda Ventresca. Please go ahead.

Linda Ventresca

Thank you, Amy. And good morning, ladies and gentlemen. I am happy to welcome you to our conference call to discuss the financial results for AXIS Capital for the fourth quarter and year ended December 31, 2011. Our earnings

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Financial

AXIS Capital’s CEO Discusses Q4 2011 Results – Earnings Call Transcript

Posted by admin On February - 8 - 2012

AXIS Capital Holdings Limited (AXS)

Q4 2011 Earnings Conference Call

February 8, 2012 10:00 AM ET

Executives

Linda Ventresca – Executive Vice President, Corporate Development Officer

John Charman – CEO and President

Albert Benchimol – Chief Financial Officer

Analysts

Josh Shanker – Deutsche Bank

Vinay Misquith – Evercore

Matthew Heimermann – JPMorgan

Brian Meredith – UBS

Jay Cohen – Bank of America

Presentation

Operator

Good morning, and welcome to the AXIS Capital fourth quarter 2011 earnings conference call. All participants will be in listen-only mode. (Operator instructions) Please note, this event is being recorded. I would now like to turn the conference over to Linda Ventresca. Please go ahead.

Linda Ventresca

Thank you, Amy. And good morning, ladies and gentlemen. I am happy to welcome you to our conference call to discuss the financial results for AXIS Capital for the fourth quarter and year ended December 31, 2011. Our earnings

Complete Story »

Financial

Profit In Buying Bank Branches And Flipping Them

Posted by admin On February - 8 - 2012

By Christopher Menkin:

Beth Mooney, Chairman and CEO, November 20, 2010 in the announcement becoming CEO of KeyBank (KEY), replacing Chairman and CEO Henry Meyer, who was retiring, said among her goals was to make sure that Key remains focused on being a “relationship-based, community bank.” She stated Key wants to grow and potentially have more branches and do business in more cities. The bank has been moving in that direction. (1)

January 12, 2011 CEO Mooney announced acquire 37 retail banking branches currently owned by HSBC Bank NA, (HBC) in Buffalo and Rochester, NY.

January 27, 2011 U.S. Bank (USB) acquired the ten branches from the failed bank of BankEast, Knoxville, Tennessee.

This brought the total to 47, adding to the 38 government assisted branches in 2011


(Click to enlarge)

There were 90 FDIC transactions from failed banks for 626 branches in 2011, down from 147 deals for 1,168 branches in 2010

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Financial

Can Bank Of America Really Hit $30?

Posted by admin On February - 8 - 2012

By Cameron Kaine:

With Bank of America (BAC) on the cusp of hitting $8, a few analysts have now come to suggest that it can possibly hit $30 – in four years. In a recent article noted BofA bull Dick Bove suggested that the troubled bank should be able to hit $30. As shocking as that may sound, I don’t think that it is out of the realm of possibility. On the heels of having issued my own price prediction of $10, I am now inclined to consider revising that target and think that it is perhaps a tad too conservative – but not because of Mr. Bove’s suggestion, but for the simple fact that the stock is now only $2 away and shows no signs of slowing down.

In the article citing an interview by Mr. Bove, he was quoted as saying the following:

I think there

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Financial

Hartford Financial Services Group’s CEO Discusses Q4 2011 Results – Earnings Call Transcript

Posted by admin On February - 8 - 2012

Hartford Financial Services Group (HIG)

Q4 2011 Earnings Call

February 08, 2012 9:00 am ET

Executives

Sabra Purtill – Head of Investor Relations and Senior Vice President

Liam E. McGee – Chairman, Chief Executive Officer, President and Member of Finance, Investment & Risk Management Committee

Christopher John Swift – Chief Financial Officer and Executive Vice President

David N. Levenson – President of Wealth Management Group

Douglas G. Elliot – President of Commercial Markets

Andy Napoli – Executive Vice President and President of Consumer Markets

Analysts

Jay Gelb – Barclays Capital, Research Division

Christopher Giovanni – Goldman Sachs Group Inc., Research Division

John M. Nadel – Sterne Agee & Leach Inc., Research Division

A. Mark Finkelstein – Evercore Partners Inc., Research Division

Randy Binner – FBR Capital Markets & Co., Research Division

Meyer Shields – Stifel, Nicolaus & Co., Inc., Research Division

Andrew Kligerman – UBS Investment Bank, Research Division

Robert

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Financial

Annaly Capital Management’s CEO Discusses Q4 2011 Results – Earnings Call Transcript

Posted by admin On February - 8 - 2012

Annaly Capital Management, Inc. (NLY)

Q4 2011 Earnings Call

February 8, 2012 9:00 am ET

Executives

Michael A. J. Farrell – Chairman, President and Chief Executive Officer

Kathryn F. Fagan – Chief Financial Officer and Treasurer

Analysts

Bill Carcache – Nomura Securities International, Inc.

Jason Arnold – RBC Capital Markets

Jade J. Rahmani – Keefe, Bruyette & Woods

Steven Delaney – JMP Securities

Daniel Furtado – Jefferies & Co.

Richard Shane – JPMorgan Chase & Co.

Michael R. Widner – Stifel, Nicolaus & Co., Inc.

Matthew Howlett – Macquarie Research Equities

Presentation

Operator

Good morning, and welcome to the Fourth Quarter Earnings Call for Annaly Capital Management, Inc. At this time, I would like to inform you that this conference is being recorded, and that all participants are in a listen-only mode. (Operator Instructions)

At the request of the company, we will open the conference up for questions-and-answers after the

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Financial

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