JPMorgan Chase� (NYSE: JPM ) and Wells Fargo (NYSE: WFC ) both reported lower mortgage banking income in their earnings report this week, which was widely expected. But as the two dominant players in this space for the past few years, does this mean a shift in the industry? Will this be an opportunity for other big banks to steal some of the market share, or can investors expect these numbers to be lower across the board?�
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�Best Financial Stocks To Watch For 2014: Encore Capital Group Inc(ECPG)
Encore Capital Group, Inc., through its subsidiaries, engages in consumer debt buying and recovery business primarily in the United States. The company purchases and manages portfolios of defaulted consumer receivables, such as consumers? unpaid financial commitments to credit originators, including banks, credit unions, consumer finance companies, commercial retailers, auto finance companies, and telecommunication companies; and receivables subject to bankruptcy proceedings or consumer bankruptcy receivables. It also provides bankruptcy services to the finance industry, such as negotiating bankruptcy plans, monitoring and managing consumer?s compliance with bankruptcy plans, and recommending courses of action to clients in case of a deviation from a bankruptcy plan. The company was founded in 1998 and is headquartered in San Diego, California.
Advisors' Opinion:- [By John Udovich]
Small cap debt collection stocks like�Asta Funding, Inc (NASDAQ: ASFI), Encore Capital Group, Inc (NASDAQ: ECPG) and Portfolio Recovery Associates, Inc (NASDAQ: PRAA) could be the latest target of a government shakedown or crackdown as the Consumer Financial Protection Bureau said this week that�before it formally proposes any rules for debt collection, it wants to hear how collectors verify borrowers' information and communicate with consumers. In other words, debt collectors could be restricted from using text messages, social media or other Internet-based tools in their pursuit to collect debts. With about one in 10 Americans coming out of the financial crisis with some debt in collection, investing in small cap�debt collection stocks has been profitable for investors. However, there is no timeline for when any new rules might be released for review or come into effect.
- [By Sally Jones]
Today�� diverse companies were chosen for their speculative enterprises. Both companies deal in the territory of what if. If Encore Capital Group Inc. (ECPG) can collect more from a huge portfolio of consumer debt, the company would grow. If Sophiris Bio Inc. (SPHS), a 10-person biopharm, is successful in competing to provide relief for prostate BPH symptoms, the company would soar.
Best Financial Stocks To Watch For 2014: CompuCredit Holdings Corporation(CCRT)
CompuCredit Holdings Corporation provides credit and related financial services and products to underserved consumer credit market in the United States. It operates in five segments: Credit Cards, Investments in Previously Charged-Off Receivables; Retail Micro-Loans; Auto Finance; and Internet Micro-Loans. The Credit Cards segment involves in credit card investment and servicing activities with respect to receivables underlying accounts originated and portfolios purchased by the company. The Investments in Previously Charged-Off Receivables segment acquires and sells previously charged-off credit card receivables. The Retail Micro-Loans segment, through a network of storefront locations, provides small-balance, short-term cash advance loans that are due on the customer?s next payday; state installment loans, title loans, and other credit products; money transfer, bill payment, and related financial services; and tax preparation services, money order, and wire transfer ser vices. Its loans and products are marketed through retail branch locations in Alabama, Colorado, Kentucky, Mississippi, Ohio, Oklahoma, South Carolina, Tennessee, and Wisconsin. The Auto Finance segment purchases auto loans and services the loans to pre-qualified auto dealers. The Internet Micro-Loans segment involves in Internet micro-loan operations. The company also offers other ancillary products, such as memberships, insurance products, subscription services, and debt waiver. CompuCredit Holdings Corporation was founded in 1996 and is headquartered in Atlanta, Georgia.
Top 10 Growth Stocks To Invest In 2014: Ameris Bancorp(ABCB)
Ameris Bancorp operates as the bank holding company for the Ameris Bank, which provides a range of banking products and services to retail and commercial customers in Georgia, Alabama, Florida, and South Carolina. The company engages in generating deposits and originating loans. Its deposit products and services primarily include commercial and retail checking accounts, regular interest-bearing savings accounts, money market accounts, individual retirement accounts, certificates of deposit, and time deposits. The company?s loan portfolio comprises commercial real estate loans for acquisition, development, or construction of commercial properties; residential real estate mortgage loans; and agricultural financing for crop production, and the purchase of farm-related equipment or farmland, as well as the operations of dairies, poultry producers, livestock, and timber growers. Its loan portfolio also includes commercial and industrial loans to manufacturers, wholesalers and retailers of goods, service companies, and other industries for the acquisition, expansion, and working capital purposes; and consumer loans, such as motor vehicle, home improvement, home equity, and student and signature loans, as well as small personal credit lines. As of March 31, 2011, Ameris Bancorp operated 59 domestic banking offices. The company was founded in 1971 and is headquartered in Moultrie, Georgia.
Best Financial Stocks To Watch For 2014: Gramercy Capital Corp (GKK)
Gramercy Capital Corp. operates as an integrated commercial real estate investment and asset management company in the United States. Its Gramercy Realty division manages commercial properties leased primarily to regulated financial institutions and affiliated users. The company�s Gramercy Finance division manages whole loans, bridge loans, subordinate interests in whole loans, mezzanine loans, preferred equity, commercial mortgage-backed securities, and other real estate securities, which are financed through three non-recourse collateralized debt obligations. Its portfolio consists of 2 sub-portfolios, including the core portfolio comprising 67 assets located in 10 states; and the held-for-sale portfolio comprising 48 assets located in 13 states. Gramercy Capital Corp. has elected to be taxed as a real estate investment trust under the Internal Revenue Code of 1986. As a result, it would not be subject to corporate income tax on that portion of its net income that is di stributed to shareholders. The company was founded in 2004 and is headquartered in New York, New York.
Best Financial Stocks To Watch For 2014: Validus Holdings Ltd.(VR)
Validus Holdings, Ltd., through its subsidiaries, provides reinsurance and insurance coverage in the property, marine, and specialty lines markets worldwide. The company underwrites property catastrophe reinsurance, property per risk reinsurance, and property pro rata reinsurance products; and reinsurance on marine risks covering damage to or losses of marine vessels and cargo, third-party liability for marine accidents, physical loss, and liability from principally offshore energy properties. It also underwrites specialty lines of business, which include aerospace and aviation, agriculture, terrorism, life, accident and health, financial lines, nuclear, workers? compensation catastrophe, crisis management, political risks and violence, war, and contingency. The company was founded in 2005 and is based in Pembroke, Bermuda.
Best Financial Stocks To Watch For 2014: TD Ameritrade Holding Corporation(AMTD)
TD Ameritrade Holding Corporation, through its subsidiaries, provides securities brokerage services and technology-based financial services to retail investors, traders, and independent registered investment advisors (RIAs) in the United States. The company?s offerings include TD Ameritrade for self-directed retail investors; TD Ameritrade Institutional, which provides brokerage and custody services to independent RIAs and their clients; thinkorswim that offers a suite of trading platforms serving self-directed and institutional traders, and money managers; and Investools, which provides investor education products and services for stock, option, foreign exchange, futures, mutual fund, and fixed-income investors. Its offerings also include Amerivest, an online advisory service that develops portfolios of exchange-traded funds to enable long-term investors pursue their financial goals; and TD Ameritrade Corporate Services, which provides self-directed brokerage services to employees and executives of corporations. In addition, the company offers various products and services, such as common and preferred stocks; exchange-traded funds; a range of option trades, including complex, multi-leg option strategies; futures trades in various commodities, stock indices, and currencies; and foreign exchange products. Further, it provides mutual funds; treasury, corporate, government agency, and municipal bonds; mortgage-backed securities and certificates of deposit; new issue securities; margin lending; and cash management services. Additionally, the company offers trustee, custodial, and other trust-related services to retirement plans; and cash sweep and deposit account products through third-party relationships. It provides its products and services through the Internet, network of retail branches, mobile trading applications, and interactive voice response and registered representatives via telephone. The company was founded in 1971 and is headquart ered in Omaha, Nebraska.
Advisors' Opinion:- [By Eric Volkman]
Bellying up to the bar
E*TRADE isn't the only one enjoying the party. Its rivals have come in through the front door and are currently enjoying the cocktails and snacks as well. TD AMERITRADE's (NYSE: AMTD ) DARTs rang in at around 417,000 in May, a 9% increase over April's 383,000, which in turn bettered the March number (361,000) by 6%. Like E*TRADE, the company's stock is also floating above its multi-year high. - [By Alexis Xydias]
Charles Schwab Corp. (SCHW), TD Ameritrade Holding Corp. (AMTD) and E*Trade Financial Corp. (ETFC) have climbed 38 percent on average in 2013, beating the S&P 500 by 23 percentage points and eclipsing returns in financial shares from Goldman Sachs Group Inc. to Bank of America Corp. (BAC), according to data compiled by Bloomberg. The last times that happened, equity mutual funds received about $91 billion, 24 percent more than the annual average in the two decades before the financial crisis, the data show.
- [By Dan Caplinger]
The problem for Schwab, though, is that its competitors have seen similarly strong performance lately. TD AMERITRADE (NYSE: AMTD ) weighed in with a 9% increase in daily average revenue trades in May, posting its best level in a year as it has gone head-to-head with Schwab with their similarly sized offerings of commission-free ETFs. Meanwhile, shares of E*TRADE Financial (NASDAQ: ETFC ) hit a 52-week high earlier this week, as the company rode on its own success with a 15% gain in trades from May. As the industry has gotten more cutthroat, brokers have been fighting to boost business, giving out expensive incentives to draw new customers in an effort to capture long-term relationships.
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