Earnings Give a Boost to These Financial Stocks This Week

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Moody’s Corporation (NYSE:MCO) reported its results for the fourth quarter. Net income for Moody’s Corporation fell to $96.2 million (43 cents per share) vs. $137.4 million (58 cents per share) a year earlier. This is a decline of 30% from the year earlier quarter. Revenue flat at $567.1 million. Moody’s Corporation fell short of the mean analyst estimate of 49 cents per share. Analysts were expecting revenue of $567.3 million.

“Moody’s achieved strong performance for full-year 2011, with growth in all lines of business at both Moody’s Investors Service and Moody’s Analytics despite volatile business conditions,” said Raymond McDaniel, Chairman and Chief Executive Officer of Moody’s. “For 2012, we anticipate revenue growth across most areas of our business and earnings per share in the range of $2.62 to $2.72.”

Competitors to Watch: Equifax Inc. (NYSE:EFX), CreditRiskMonitor.com, Inc. (CRMZ), McGraw-Hill (NYSE:MHP), Paychex (NASDAQ:PAYX), Automatic Data Processing (NASDAQ:ADP), Thomson Reuters (NYSE:TRI), EDGAR (NASDAQ:EDGR), FactSet Research (NYSE:FDS), ValuLine (NASDAQ:VALU), Envestnet (NYSE:ENV), Morningstar (NASDAQ:MORN) and The Dun & Bradstreet Corp. (NYSE:DNB).

IntercontinentalExchange Inc. (NYSE:ICE) reported its results for the fourth quarter. Net income for the diversified investments company rose to $126.8 million ($1.73 per share) vs. $99.1 million ($1.34 per share) in the same quarter a year earlier. This marks a rise of 27.9% from the year earlier quarter. Revenue rose 14.8% to $327.2 million from the year earlier quarter. IntercontinentalExchange Inc. reported adjusted net income of $1.76 per share. By that measure, the company beat the mean estimate of $1.68 per share. Analysts were expecting revenue of $325.9 million.

ICE Chairman and CEO Jeffrey C. Sprecher said: “For the eighth consecutive year, ICE’s markets grew by serving the risk management needs of global markets. Despite broader market uncertainty, we achieved record results while building upon our existing business to serve more customers and markets. We continue to deliver value for shareholders through growth and innovation. From investments in Brazil, to refinements of our most important benchmark contracts, to significant enhancements of our trading platform and clearing services, the ICE team delivered numerous initiatives to strengthen our platform for growth,” said Scott Hill, ICE SVP and CFO. “With a focus on disciplined investment and capital deployment, we continue to produce solid operating leverage and deliver very strong returns on invested capital.”

Competitors to Watch: NYSE Euronext (NYSE:NYX), NASDAQ OMX Group, Inc. (NASDAQ:NDAQ), CME Group Inc. (NASDAQ:CME), CBOE Holdings, Inc (NASDAQ:CBOE), MarketAxess Holdings Inc. (NASDAQ:MKTX), Forestar Group Inc. (NYSE:FOR), Bank of America Corp. (NYSE:BAC), BGC Partners, Inc. (NASDAQ:BGCP), and Thomson Reuters Corp. (NYSE:TRI).

To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com

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