Wednesday, October 22, 2014

Top 10 Bank Stocks To Own Right Now

Asian stocks fell as investors shied away from riskier assets after an unexpected drop in U.S. jobless claims fueled speculation the Federal Reserve will cut stimulus next month. Chinese shares reversed the biggest intraday surge since March 2009.

Australia & New Zealand Banking Group Ltd. (ANZ) sank 3 percent after Australia�� third-largest bank by market value forecast interest margins will keep dropping. Hyundai Merchant Marine Co. jumped 6.9 percent in Seoul after North Korea and South Korea agreed to reopen the Gaeseong industrial complex. Chinese stock exchange officials are investigating a spike in the Shanghai Composite Index, which soared from a loss of as much as 1 percent to a gain of 5.6 percent in two minutes. Everbright Securities Co. said it experienced a trading error.

The MSCI Asia Pacific Index slid 0.4 percent to 134.37 at the close of trading, with all but two of the 10 industry groups on the gauge retreating. More than two shares dropped for each that rose. The measure gained 0.4 percent this week.

Top 5 Airline Companies To Invest In Right Now: National Bank of Greece SA (NBGA)

National Bank of Greece SA (the Bank) is a Greece-based financial institution. It provides a range of financial services including retail and commercial banking, asset management, brokerage, investment banking, insurance and real estate at a global level. Its segments are: Retail Banking, which mainly offers different types of loans, deposits and investment products; Corporate and Investment Banking, which includes financial and investment advisory services, deposit accounts, loans, foreighn exchange and trade service activities; Global Markets and Asset Management, which includes all treasury activities, private banking, asset management, custody services, private equity and brokerage; Insurance; International Banking Operations; Turkish Banking Operations, as well as Other. In September 2013, state-owned Hellenic Financial Stability Fund acquired an 84.39% interest in the Company. On December 30, 2013, it sold a 66% of its subsidiary National Pangaea REIC to Invel Real Estate II BV. Advisors' Opinion:
  • [By cody56]

    National Bank of Greece (ETE),(NBGA),(NBG) is a global banking and financial service company with its headquarters in Athens, Greece. The bank offers financial products, and services, brokerage, insurance, asset management, shipping finance, leasing and factoring markets. It was founded by Swiss banker Jean-Gabriel Eynard and George Starvros in 1841 as a commerical bank. From its inception until the establishment of the Bank of Greece in 1928, it had the right to issue banknotes. The bank listed on the Athens Stock Exchange right after its founding in the 1880s.

  • [By codyeustice1@google]

    National Bank of Greece (ETE),(NBGA),(NBG) is a Greece global banking and financial service company with its headquarters in Athens, Greece. The bank offers financial products, and services, brokerage, insurance, asset management, shipping finance, leasing and factoring markets. It was founded by Swiss banker Jean-Gabriel Eynard and George Starvros in 1841 as a commerical bank. From its inception until the establishment of the Bank of Greece in 1928, it had the right to issue banknotes. The bank listed on the Athens Stock Exchange right after its founding in the 1880s.

Top 10 Bank Stocks To Own Right Now: Abu Dhabi Islamic Bank Egypt SAE (ADIB)

Abu Dhabi Islamic Bank Egypt SAE, formerly National Bank for Development (NBD), is an Egypt-based public shareholding company engaged in the provision of retail, corporate and investment banking services through a network of 69 branches located across Egypt. The Bank�� products and services are structured into four segments: the Personal banking segment includes current and saving account, investment account, club finance, charitable accounts and sukuk, among others; the Microfinance segment includes microfinance program; the Wholesale banking segment includes corporate banking, financial institutions and trade, cash management and corporate finance, and the Treasury segment includes foreign exchange, sharia-compliant products and market analysis/updates. In January 2014, the Company sold 11,619,575 shares representing 77.46% stake in National Company for Glass and Crystal�� share capital to Abu Dhabi Islamic Financial Investments Holding. Advisors' Opinion:
  • [By reports.droy]

    Soon after the U.S. settlement was announced last week, SCB said that it was interested in exiting the SME business in the UAE as part of a broader effort to solidify its strategic focus. Recently in April, Barclays, its competitor, has sold its retail banking operations in the UAE to the Abu Dhabi Islamic Bank (ADIB), a deal by which the UAE bank acquired 11,000 customers.

Top 10 Bank Stocks To Own Right Now: Bank of Nova Scotia (BNS)

The Bank of Nova Scotia (the Bank) is a diversified financial institution. As of October 31, 2011, the Bank offered a range of products and services, including retail, commercial, corporate and investment banking to more than 18.6 million customers in more than 50 countries around the world. The Bank has four business lines: Canadian Banking, International Banking, Scotia Capital and Global Wealth Management. In January 2012, the Company closed its acquisition of 51% of Banco Colpatria. In April 2012, the Company through Scotia Capital Inc. acquired Howard Weil Incorporated. In April 2013, Bank of Nova Scotia acquired a 50% interest in Administradora de Fondos de Pensiones Horizonte SA. Advisors' Opinion:
  • [By Tim Gallagher]

    Mosaic (MOS), Agrium (AGU), Intrepid Potash (IPI) and CF Industries (CF) have been moving and trading hand-in-hand, with AGU, BHP and Rentech Nitrogen Partners LP (RNF) trading the best, losing the least and rebounding the most since July 30th. IPI has sold off a lot more in the post-news period, as would be expected from a smaller, less established company with mine projects still in development. BHP Billiton Ltd. (BHP) announced plans to proceed with its Jansen Mine Project in Saskatchewan, Canada, potentially tapping the largest and longest-lasting supply in the world known at this time. Scotiabank (BNS) recently commented on Jansen, stating that the added supply "could add the equivalent of 18%-20% of the potash market over recent years." Nearly all of the companies mentioned have had a pretty predictable mix of upgrades and downgrades. That's what makes a market.

  • [By Dan Caplinger]

    On Tuesday, Bank of Nova Scotia (NYSE: BNS  ) will release its latest quarterly results. The key to making smart investment decisions on stocks reporting earnings is to anticipate how they'll do before they announce results, leaving you fully prepared to respond quickly to whatever inevitable surprises arise. That way, you'll be less likely to make an uninformed, kneejerk reaction to news that turns out to be exactly the wrong move.

Top 10 Bank Stocks To Own Right Now: Bank of America Corporation(BAC)

Bank of America Corporation, a financial holding company, provides banking and nonbanking financial services and products to individuals, small- and middle-market businesses, large corporations, and governments in the United States and internationally. The company?s Deposits segment generates savings accounts, money market savings accounts, certificate of deposits, and checking accounts; and Global Card Services segment provides the U.S. consumer and business card, consumer lending, international card and debit card services. Its Home Loans & Insurance segment offers consumer real estate products and services, including mortgage loans, reverse mortgages, home equity lines of credit, and home equity loans. It also provides property, disability, and credit insurance. The company?s Global Commercial Banking segment offers lending products, including commercial loans and commitment facilities, real estate lending, leasing, trade finance, short-term credit, asset-based lending, and indirect consumer loans; and capital management and treasury solutions, such as treasury management, foreign exchange, and short-term investing options. Its Global Banking & Markets segment provides financial products, advisory services, settlement, and custody services; debt and equity underwriting and distribution, merger-related advisory services, and risk management products; and integrated working capital management and treasury solutions. The company?s Global Wealth & Investment Management segment offers investment and brokerage services, estate management, financial planning services, fiduciary management, credit and banking expertise, and asset management products. Bank of America Corporation serves customers through a network of approximately 5,900 banking centers and 18,000 automated teller machines. It was formerly known as NationsBank Corporation and changed its name on October 1, 1998. Bank of America Corporation was founded in 1874 and is based in Charlott e, North Carolina.

Advisors' Opinion:
  • [By Jon C. Ogg]

    The big bank earnings winner was former DJIA component Bank of America Corp. (NYSE: BAC). While JPMorgan and Wells Fargo had mixed earnings on Tuesday, BofA handily beat its earnings estimates when it reported on Wednesday. Shares were up 2.3% at $17.16 in the final minutes, but this marked a new 52-week high and the stock hit a high of $17.42. While BofA is not a DJIA stock any longer, this helped to propel J.P. Morgan Chase & Co. (NYSE: JPM) higher and Jamie Dimon can send Brian Moynihan a thank you letter. J.P. Morgan shares were up 3.2% at $59.58 right before the closing bell.

  • [By Matt Koppenheffer]

    This, however, is unlikely to sate the appetite of most people calling for the jailing of bankers. Their rage was not aimed at small community bankers, but the big boys running financial institutions like Lehman Brothers,�Bank of America� (NYSE: BAC  ) , and�Citigroup. How is it, they wonder, that these giant banks brought the U.S. financial system to its knees and nobody did anything jail-able?

  • [By Jessica Alling]

    JPMorgan (NYSE: JPM  ) follows AmEx this morning in the list of laggards. News that the bank has settled with MF Global over a recovery claim was a win for the bank, but other news in the banking world may have investors concerned. UBS recently settled with Freddie Mac and Fannie Mae over misrepresented mortgage-backed bonds sold to the two governmental institutions for $885 million. The settlement could set a precedent for the two GSEs to seek damages from other banks on similar terms.�Bank of America (NYSE: BAC  ) is the least of the financial laggards for the Dow this morning so far, as the bank faces similar concerns from investors as JPMorgan over the UBS settlement.

Top 10 Bank Stocks To Own Right Now: Prosperity Bancshares Inc (PB)

Prosperity Bancshares, Inc., incorporated on December 22, 1983, is a financial holding company. The Company operates through its bank subsidiary, Prosperity Bank (the Bank). The Bank provides a broad line of financial products and services to small and medium-sized businesses and consumers. As of December 31, 2012, the Bank operated 213 full service banking locations; 59 in the Houston area; 20 in the South Texas area including Corpus Christi and Victoria; 35 in the Dallas/Fort Worth area; 21 in the East Texas area; thirty-four 34 in the Central Texas area including Austin and San Antonio; 34 in the West Texas area including Lubbock, Midland-Odessa and Abilene; and 10 in the Bryan/College Station area. The Company added a net of two banking centers in Tyler, TX in connection with its acquisition of East Texas Financial Services (East Texas) on January 1, 2013, after consolidations. In November 2013, the Company announced that the completion of the merger of FVNB Corp.

On January 1, 2012, the Company acquired Texas Bankers, Inc. and its wholly owned subsidiary, Bank of Texas, Austin, Texas. On April 1, 2012, it acquired The Bank Arlington. Effective July 1, 2012, the Company announced the completion of the merger with American State Financial Corporation and its wholly owned subsidiary American State Bank (collectively referred to as ASB) whereby American State Bank was merged with and into Prosperity Bank. In October 2012, the Company announced the completion of the merger with Community National Bank, Bellaire, Texas. On January 1, 2013, the Company announced the completion of the merger with East Texas Financial Services, Inc. (ETFS) and wholly owned subsidiary First Federal Bank Texas. Effective April 1, 2013, Prosperity Bancshares Inc announced the completion of the merger with Coppermark Bancshares, Inc. and wholly owned subsidiary Coppermark Bank, whereby Coppermark merged with and into Prosperity and Coppermark Bank merged with and into Prosperity Bank.

The Company pr! ovides medical and hospitalization insurance to its full-time associates. The Company considers its relations with associates to be good. Neither the Company nor the Bank is a party to any collective bargaining agreement. In 2012, the Company added additional products and services including trust services, credit card, mortgage lending and independent sales organization (ISO) sponsorship operations.

Lending Activities

The Company, through the Bank, offers a variety of traditional loan and deposit products to its customers, which consist primarily of consumers and small and medium-sized businesses. At December 31, 2012, total loans were $5.18 billion. Loans at December 31, 2012, included $10.4 million of loans held for sale and consisted of residential mortgage loans that were acquired as part of the acquisition of ASB in 2012. As reflected in the table below, loan growth was also impacted by the acquisition of Texas Bankers, Inc., The Bank Arlington, ASB and Community National Bank. Excluding loans acquired in these acquisitions and new production at the acquired banking centers since their respective acquisition dates, loans held for investment grew approximately $234.9 million, or 6.2%. The Company offers a variety of commercial lending products including term loans and lines of credit. The Company offers a broad range of short to medium-term commercial loans, primarily collateralized, to businesses for working capital (including inventory and receivables), business expansion (including acquisitions of real estate and improvements) and the purchase of equipment and machinery.

The Company makes commercial real estate loans collateralized by owner-occupied and non-owner-occupied real estate to finance the purchase of real estate. The Company�� commercial real estate loans are collateralized by liens on real estate, typically have variable interest rates (or five year or less fixed rates) and amortize over a 15 to 20 year period. Company�� lending activities al! so includ! es the origination of 1-4 family residential mortgage loans collateralized by owner-occupied residential properties located in the Company�� market areas. The Company offers a variety of mortgage loan products which generally are amortized over five to 25 years. Loans collateralized by 1-4 family residential real estate generally have been originated in amounts of no more than 89% of appraised value or have mortgage insurance. The Company requires mortgage title insurance and hazard insurance. Other than with respect to mortgage banking activities acquired in the ASB acquisition, the Company has elected to keep all 1-4 family residential loans for its own account rather than selling such loans into the secondary market. By doing so, the Company is able to realize a higher yield on these loans; however, the Company also incurs interest rate risk as well as the risks associated with nonpayments on such loans. The Company makes loans to finance the construction of residential and, to a lesser extent, nonresidential properties. Construction loans generally are collateralized by first liens on real estate and have floating interest rates. The Company provides agriculture loans for short-term crop production, including rice, cotton, milo and corn, farm equipment financing and agriculture real estate financing.

Investment Activities

The Company uses its securities portfolio to manage interest rate risk and as a source of income and liquidity for cash requirements. At December 31, 2012, the carrying amount of investment securities totaled $7.44 billion. At December 31, 2012, securities represented 51.0% of total assets. At December 31, 2012 and 2011, the Company did not own securities of any one issuer (other than the U.S. government and its agencies) for which aggregate adjusted cost exceeded 10% of the consolidated shareholders equity .

Sources of Funds

The Company offers a variety of deposit accounts having a wide range of interest rates an! d terms i! ncluding demand, savings, money market and time accounts. The Company relies primarily on competitive pricing policies and customer service to attract and retain these deposits. The Company does not have or accept any brokered deposits. Total deposits at December 31, 2012, were $11.64 billion. Noninterest-bearing deposits at December 31, 2012, were $3.02 billion. The Company utilizes borrowings to supplement deposits to fund its lending and investment activities. Borrowings consist of funds from the Federal Home Loan Bank (FHLB) and securities sold under repurchase agreements.

Advisors' Opinion:
  • [By Chuck Carnevale]

    Next, I run graphs on liquidity ratios and additional data on various valuation ratios to include price to book value (pb), price to cash flow (pcfl), price to free cash flow (pfcfl) and others that can be seen as options on the navigation bar to the left of the sample graph which only plots the current ratio (cr), a quick ratio (qr) and for those diehards concerned with volatility [size=11.0pt;line-height:115%; font-family:"Calibri","sans-serif";mso-ascii-theme-font:minor-latin;mso-fareast-font-family: Calibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin; mso-bidi-font-family:"Times New Roman";mso-bidi-theme-font:minor-bidi; mso-ansi-language:EN-US;mso-fareast-language:EN-US;mso-bidi-language:AR-SA">��/p>

Top 10 Bank Stocks To Own Right Now: Barclays PLC (GRN)

Barclays PLC (Barclays) is a global financial services provider engaged in retail banking, credit cards, wholesale banking, investment banking, wealth management and investment management services. The Company�� operations include its overseas offices, subsidiaries and associates. The Company operates in eight segments: UK Retail and Business Banking (UK RBB), Europe Retail and Business Banking (Europe RBB), Africa Retail and Business Banking (Africa RBB), Barclaycard, Barclays Investment Bank, Barclays Corporate Banking, Wealth and Investment Management, and Head Office and Other Operations. Advisors' Opinion:
  • [By Brian Pacampara]

    Based on the aggregated intelligence of 180,000-plus investors participating in Motley Fool CAPS, the Fool's free investing community, the iPath Global Carbon ETN (NYSEMKT: GRN  ) has received the dreaded one-star ranking.

  • [By Todd Shriber, ETF Professor]

    Big losers (down at least 5%): Direxion Daily Gold Miners Bear 3X Shares (NYSE: DUST), iPath Global Carbon ETN (NYSE: GRN), iShares MSCI Emerging Markets Value ETF (NYSE: EVAL) and the PureFunds ISE Mining Service ETF (NYSE: MSXX).

  • [By Todd Shriber, ETF Professor]

    Big winners (up at least 5%): VelocityShares 3x Inverse Natural Gas ETN (NYSE: DGAZ), iPath Global Carbon ETN (NYSE: GRN), ProShares UltraShort DJ-UBS Natural Gas (NYSE: KOLD) and the ProShares MSCI UltraShort Mexico (NYSE: SMK).

Top 10 Bank Stocks To Own Right Now: Woori Finance Holdings Co Ltd (WF)

Woori Finance Holdings Co., Ltd., incorporated on March 27, 2001, is a financial holding company. The Company serves over 24 million corporate and retail customers with a range of financial services, including commercial banking, credit card, capital market, international banking, wealth management and bancassurance services. The Company�� domestic network consists of more than 1,300 branches and 8,500 cash terminals. Its banking subsidiaries include Woori Bank, Kwangju Bank and Kyongnam Bank. Its non-banking subsidiaries include Woori Investment & Securities, Woori AVIVA Life Insurance, Woori CS Asset Management, Woori Financial, Woori Finance Information System, Woori F&I and Woori Private Equity.The Company established a new wholly owned subsidiary, on March 16, 2011. The new entity is mainly engaged in banking business.

The Company�� products in retail banking include Low-Carbon Green Deposit, Mommy Relief Deposit, Plus Savings Deposit, Plus Revolving Time Deposit, Solid Success Time Installment Deposit and Happy Time Installment Deposit. Mommy Relief Deposit facilitates response to locate missing children; the fingerprints of children under 10 are digitally recorded by the bank and made instantly available nationwide if the child should go missing. Plus Savings Deposit is a fixed-interest installment-based time deposit account that offers preferential rates to customers who also apply for credit card products. It also provides bonus services for special occasions and foreign travel. Plus Revolving Time Deposit is a compound-interest time deposit especially for customers who want to access their funds in under three months. Solid Success Time Installment Deposit is a time installment deposit product for business owners. It offers a sliding scale of interest rates if the customer purchases additional products, such as a retirement annuity. Happy Time Installment Deposit is a fixed-interest time installment deposit account for individuals. It also provides extra services for occasio! ns, such as weddings, overseas trips and the birth of a child.

The Company provides one-stop services to corporate clients through joint account management by Woori Bank, Woori Investment & Securities, Woori CS Asset Management and Woori Private Equity. It also carries out various sales and marketing activities to promote its products and services to domestic companies of all sizes. The Company supports small and medium-sized enterprise (SME). In addition to financial products, it also provides professional consulting services. Woori Bank ahs developed the Woori Robot Era Loan and Woori Green Solar Loan. To help family-owned businesses, Woori Bank operates the Woori Family Business Succession Consulting program.

Woori Bank has an investment banking firm in Hong Kong. Woori Financial Group acts as a developer of client specific derivatives. Woori Bank acts as a dealer in overseas index products, including NIKKEI and HSCEI-indexed derivatives. The Bank also sells comForex, combining F/X and spot transactions. As of December 31, 2009, the Company had 9.3 million cardholders. Woori Financial Group provides its private banking clients with financial solutions. Woori Bank has consulting centers for private banking customers, which offers advice on taxes, real estate, asset management, overseas investments and financing solutions for emigrants and students studying abroad.

The Company provides wealth management solutions for its customers. Octo is the name of Woori Investment & Securities wealth management service for high-networth individuals. Octo customers can use a single platform to buy and sell equity-linked securities, bonds, repurchase agreements, bills and beneficiary certificates, and access their cash management accounts. The Company provides professional advice and a range of consumer insurance products to its clients. It offers a portfolio of 61 insurance products, which includes 35 life insurance, and 26 property and casualty. Woori CS Asset Management has! one exch! ange traded funds and 63 other products, including structured products, overseas asset funds and index funds.

Woori Finance Information System has developed integrated customer relationship management (CRM) and Groupware systems, information technology (IT) systems for Woori Bank�� overseas branches and a credit risk management system for Woori Investment & Securities. The Company also deployed a standardized asset & liability management system and an imaging system for managing utility bill payments. The Company has also integrated the IT infrastructure of Woori CS Asset Management, Woori AVIVA Life Insurance and Woori Financial into its system.

Advisors' Opinion:
  • [By Holly LaFon]

    Question: Is Berkshire too big to fail? How about DF and how does it impact insurance and Wells Fargo (WF) and Goldman Sachs (GS).

    Warren: It won�� affect it to my knowledge. Capital ratios for long banks at high levels and affects return on equity. Cap ratios increase and return on equity will increase. Banking in the U.S. is stronger than in the past 20 years. Compared to the EU or 20 years ago, it�� dramatically stronger. Don�� worry about banking being the cause of the next bubble. Usually we don�� get to a bubble the same way we got to the last one. I feel good about our investments at MNT and WFC. We won�� earn as much return on equity because the rules change.

  • [By Holly LaFon]

    Question: Is Berkshire too big to fail? How about DF and how does it impact insurance and Wells Fargo (WF) and Goldman Sachs (GS)?

    Warren: It won�� affect it to my knowledge. Capital ratios for long banks at high levels and affects return on equity. Cap ratios increase and return on equity will increase. Banking in the U.S. is stronger than in the past 20 years. Compared to the EU or 20 years ago, it�� dramatically stronger. Don�� worry about banking being the cause of the next bubble. Usually we don�� get to a bubble the same way we got to the last one. I feel good about our investments at MNT and WFC. We won�� earn as much return on equity because the rules change.

No comments:

Post a Comment