The following video is from Wednesday's installment of The Motley Fool's daily Financials show, in which analysts Matt Koppenheffer and David Hanson highlight for investors the most important stock news from the financial sector.
In today's edition, Matt and David discuss the Fed and why a potential tapering off of its quantitative easing program doesn't worry them. Also, news from the mREIT space, trouble for Jefferies, why size matters in banking, AIG gets a boost from Deutsche Bank, and a little rant about the Fed.
With the American markets reaching new highs, investors and pundits alike are skeptical about future growth. They�shouldn't�be. Many global regions are still stuck in neutral, and their resurgence could result in windfall profits for select companies. A recent Motley Fool report, "3 Strong Buys for a Global Economic Recovery" outlines three companies that could take off when the global economy gains steam. Click here to read the full report!
Top Financial Companies To Watch In Right Now: Pioneer Floating Rate Trust(PHD)
Pioneer Floating Rate Trust is closed ended fixed income mutual fund launched and managed by Pioneer Investment Management, Inc. It invests in the fixed income markets of the United States. The fund primarily invests in senior secured floating-rate loans. It invests in fixed income securities with average credit quality of B. The fund benchmarks the performance of its portfolio against the Credit Suisse Leveraged Loan Index. Pioneer Floating Rate Trust was formed on October 6, 2004 and is domiciled in the United States.
Top Financial Companies To Watch In Right Now: Royce Value Trust Inc.(RVT)
Royce Value Trust Inc. is a close ended equity mutual fund launched and managed by Royce & Associates, LLC. It invests in the public equity markets of the United States. The fund spreads its investments across diversified sectors. It invests in value oriented stocks of small cap and micro cap companies. The fund benchmarks the performance of its portfolio against the Russell 2000 Index. Royce Value Trust Inc. was formed on July 1, 1986 and is domiciled in the United States.
Top 5 Casino Companies To Invest In 2014: National Financial Partners Corporation (NFP)
National Financial Partners Corp., together with its subsidiaries, provides advisory and brokerage services to corporate and high net worth individual clients in the United States and Canada. It operates in three segments: Corporate Client Group, Individual Client Group, and Advisor Services Group. The Corporate Client Group segment operates as corporate benefits advisor in the middle market, offering independent solutions for health and welfare, retirement planning, executive benefits, and property and casualty insurance; and offers property and casualty insurance brokerage and consulting services. It serves corporate clients by providing advisory and brokerage services related to the planning and administration of benefit plans that take into account the overall business profile and needs of the corporate client. The Individual Client Group segment delivers independent life insurance, annuities, long term care, and wealth transfer solutions; and wholesale life brokerage, retail life, and investment advisory services. It serves wealth accumulation, preservation, and transfer needs, including estate planning, business succession, charitable giving, and financial advisory services. The Advisor Services Group segment provides broker-dealer and asset management products and services to independent financial advisors. In addition, the company provides IndeSuite, a wealth management platform for the independent registered investment advisor market. National Financial Partners Corp. was founded in 1998 and is headquartered in New York City, New York.
Top Financial Companies To Watch In Right Now: Barclays PLC(BCS)
Barclays PLC provides various financial products and services in Europe, the United States, Africa, and Asia. It offers retail and commercial banking, credit cards, investment banking, wealth management, and investment management services. The company?s products include current account and savings products, Woolwich branded mortgages, unsecured loans, protection products, general insurance, credit cards, Sharia-compliant products, installment finance and commercial property finance, commercial loans, and personal loans. It also offers money transmission, international and private banking, investment management, fiduciary, and brokerage services, as well as payment solutions and mobile banking services. In addition, the company provides fixed income, currency and commodities, foreign exchange, emerging markets, money markets, and credit services; equities, which include cash and equity derivatives and prime services; investment banking products and services that comprise fi nancial advisory, and equity and debt underwriting; and advisory services. It serves individual, commercial, corporate, institutional, retail, and mass affluent customers. The company was formerly known as Barclays Bank Limited and changed its name to Barclays PLC in January 1985. Barclays PLC was founded in 1896 and is headquartered in London, the United Kingdom.
Advisors' Opinion:- [By Shauna O'Brien]
Nomura Securities reported that it has upgraded financial services company Barclays PLC (BCS) to “Buy.”
The firm has lifted its rating on BCS two notches from “Reduce” to “Buy.” Normura has also raised its price target from 260p to 340p.
Analyst Chintan Joshi commented: “With growth in the developed world likely to continue well into the start of next year, stocks geared to capital markets should see macroeconomic support. Structural issues are an industry feature and Barclays could still come out better relative to peers compared with its current position. We expect 2015 ROTE of c12% and believe Barclays should be valued at a 2014E P/TB of 1x as we look for 1Q14 momentum. We set our ex-rights target price at 340p (cum rights it would be 380p), which puts the stock at a 2015E P/E of 6.4x, which is hardly demanding. Barclays is now our top pick among its IB and UK peers and a preferred way to gain exposure to the current risk rally. We upgrade our rating on Barclays to Buy from Reduce. We believe investors waiting for the infamous J curve may find that it is fairly muted for Barclays on the downside.”
Barclays shares were up 27 cents, or 1.40%, during pre-market trading Monday. The stock is up 11% YTD.
- [By Alanna Petroff]
The police linked the theft at Barclays (BCS) to another attempt to steal money from a Santander (SAN) branch in London, which led to the arrest of 12 men last week.
- [By Maureen Farrell]
Shortly after Lehman declared bankruptcy, Barclays (BCS) paid $1.3 billion for most of the firm's North American operations, its Times Square headquarters, and about 9,000 employees. Nomura Holdings (NMR) paid roughly $200 million for Lehman's operations in Asia.
Top Financial Companies To Watch In Right Now: Banco Bibao Vizcaya Argentaria(BVA.L)
Banco Bilbao Vizcaya Argentaria, S.A. engages in the retail banking, asset management, private banking, and wholesale banking businesses in Spain and internationally. It accepts various customer deposits, including demand, savings, and time deposits, as well as offers current accounts. The company provides banking services and consumer finance to private individuals, enterprises, and institutions; involves in renting and leasing businesses; and offers Internet banking services. It also engages in the distribution of lines of credit primarily to the manufacturing, trade, and tourism sectors, as well as provides mortgages, residential real estate loans, auto dealer loans student loans, commercial loans, corporate lending products; life and non-life insurance products; and insurance brokerage services. In addition, the company manages mutual and pension fund assets; and offers wealth management services. Further, it coordinates origination, distribution, and management of var ious corporate and investment banking products, such as corporate finance, structured finance, syndicated loans, and debt capital markets; provides global trade finance and global transaction services; handles the origination, structuring, distribution, and risk management of market products; designs and manages asset management products; and manages a portfolio of industrial holdings and other Spanish and international projects. Banco Bilbao Vizcaya Argentaria, S.A. was founded in 1988 and is headquartered in Bilbao, Spain.
Top Financial Companies To Watch In Right Now: Westaim Corp Com Npv (WED.TO)
The Westaim Corporation invests, directly and indirectly, through acquisitions, joint ventures, and other arrangements, with the objective of providing its shareholders with capital appreciation and real wealth preservation. Previously, the company, through its subsidiary, JEVCO Insurance Company, provided property and casualty insurance products in Canada. The company sold JEVCO Insurance to Intact Financial Corporation on September 5, 2012. The Westaim Corporation was founded in 1980 and is headquartered in Toronto, Canada.
Top Financial Companies To Watch In Right Now: Royce Micro-Cap Trust Inc.(RMT)
Royce Micro-Cap Trust, Inc. is a closed-ended equity mutual fund launched and managed Royce & Associates, LLC. It invests in the public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in value stocks of companies with market capitalization of less than $500 million. The fund benchmarks the performance of its portfolios against Russell 2000 Index. Royce Micro-Cap Trust, Inc was formed on December 14, 1993 and is domiciled in the United States.
Top Financial Companies To Watch In Right Now: Commonwealth Bankshares Inc. (CWBS)
Commonwealth Bankshares, Inc. completed the sale of Bank of the Commonwealth to Southern Bank and Trust Company in September 2011. Previously, the company provided a range of commercial banking services to individuals and small to medium-sized businesses in the United States. Commonwealth Bankshares, Inc. was founded in 1970 and is headquartered in Norfolk, Virginia.
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