Quarterly Financial Results - Research Report on Ocwen, Brookfield, BOFI, The St. Joe's, and The Howard Hughes Corporation

NEW YORK, August 23, 2013 /PRNewswire/ --

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Today, Analysts' Corner announced new research reports highlighting Ocwen Financial Corp. (NYSE: OCN), Brookfield Asset Management Inc. (NYSE: BAM), BOFI Holding Inc. (NASDAQ: BOFI), The St. Joe Company (NYSE: JOE), and The Howard Hughes Corporation (NYSE: HHC). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.

Ocwen Financial Corp. Research Report

On August 1, 2013, Ocwen Financial Corp. (Ocwen) released its financial results for Q2 2013. Total revenues increased significantly by 150.7% YoY to $530 million during the quarter. Net income attributable to Ocwen common stockholders was $74.1 million, or earnings of $0.53 per diluted share, in Q2 2013, compared to $44.8 million, or earnings of $0.32 per diluted share, in Q2 2012. Commenting on the results, Bill Erbey, Ocwen's Chairman, said, "We believe that higher interest rates will have little negative impact on earnings, as we have only a modest component of income related to originations, and assets and debt are match funded. Higher employment and an improving housing market, on the other hand, should boost Ocwen's earnings." The Full Research Report on Ocwen Financial Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/e28b_OCN]

Brookfield Asset Management Inc. Research Report

On August 9, 2013, Brookfield Asset Management Inc. (Brookfield) released its Q2 2013 financial results. Funds from operations (FFO) were up 191.8% YoY to $464 million during the quarter. Net income was $802 million, or $0.31 per diluted share, in Q2 2013, compared to $379 million, or $0.17 per diluted share, in Q2 2012. Commenting on the results, Bruce Flatt, CEO of Brookfield stated, "Asset management fees increased 72% during the quarter and virtually all of our operating groups are performing well and positioned for growth. We closed a number of realizations and raised over $14 billion of fund commitments for new investments. We are also seeing attractive opportunities to put money to work in all of our businesses." The Full Research Report on Brookfield Asset Management Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/f1b1_BAM]

BOFI Holding Inc. Research Report

On August 7, 2013, BOFI Holding Inc. (BOFI) released its financial results for Q4 FY 2013 (period ended June 30, 2013). Net income attributable to common stockholders stood at $11.1 million, or earnings of $0.78 per diluted share, in Q4 FY 2013, compared to $8.2 million, or earnings of $0.64 per diluted share, in Q4 FY 2012. Commenting on the results, Mr. Greg Garrabrants, President and CEO of BOFI said, "Diluted earnings per share for the fiscal year ended June 30, 2013 grew 24.0% compared to fiscal 2012. The Company's return on average common stockholders' equity for fiscal 2013 increased to 17.57%, up from 16.95% for fiscal 2012 while also achieving 31.2% net loan growth and 29.5% asset growth during fiscal 2013. Our strong loan quality improved even more with net charge offs to average loans declining to 14 basis points for fiscal 2013, down from 35 basis points for fiscal 2012. Non-performing assets to total assets also decreased to 66 basis points at June 30, 2013, down from 77 basis points at June 30, 2012." The Full Research Report on BOFI Holding Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/0060_BOFI]

The St. Joe Company Research Report

On August 7, 2013, The St. Joe Company (St. Joe's) released its financial results for Q2 2013. Total revenues were up 11.2% YoY to $33.8 million during the quarter. Net income increased significantly to $2.7 million, or $0.30 per share, in Q2 2013, compared to $0.2 million in Q2 2012. Commenting on the results, St. Joe's CEO Park Brady said, "We're pleased with our second quarter results and expect additional improvement through the remainder of the year in our core businesses. We also continue to evaluate all of our residential, commercial and forestry assets to determine the best path for maximizing the value of those assets. In addition, during the past 18 months we have spent considerable time and money exploring the active adult residential market and I am excited to announce that we plan to start the planning and entitlement process for that project in the third quarter of 2013." The Full Research Report on The St. Joe Company - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/0f72_JOE]

The Howard Hughes Corporation Research Report

On August 8, 2013, The Howard Hughes Corporation released its Q2 2013 financial results. Total revenues were up 56.5% YoY to $147.1 million in Q2 2013. Net loss attributable to common stockholders stood at $76.6 million, or loss of $1.94 per diluted share, compared to net income of $34.3 million, or earnings of $0.27 per diluted share, in Q2 2012. Commenting on the results, David R. Weinreb, CEO of The Howard Hughes Corporation, stated, "The Howard Hughes Corporation had an outstanding second quarter 2013, delivering a record $47.8 million of operating income. Our master planned communities are experiencing very strong demand from homebuilders for land. Residential land sales for the first six months of 2013 increased 59% to $112.3 million compared to the first six months of 2012." The Full Research Report on The Howard Hughes Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/3f19_HHC]

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