In the Philippine Stock Market, Prince Anthony Yeung of AB Capital Securities advises investors who want to start buying good stocks for short-term and long-term investment to look at the banking and utilities sector particularly Security Bank (SECB), RCBC (RCB), Aboitiz Power (AP), Energy Development Corporation (EDC).
These stocks are expected to appreciate next year, supported by the strong fundamentals of the companies. With the economy started to show signs of recovering, many are now optimistic of a stock market rally for the whole year in the Philippine Stock Exchange. Certainly, the equities market is ripe for a rally. And if it happens, be ready in investing in the stock market and looking for the good stocks to invest in with your hard-earned money.
Best Bank Stocks To Watch In November 2014:Bank of Nova Scotia (The) (BNS)
The Bank of Nova Scotia, together with its subsidiaries, offers various personal, commercial, corporate, and investment banking services in Canada and internationally. It has four segments: Canadian Banking, International Banking, Global Wealth Management, and Scotia Capital. The Canadian Banking segment includes retail and small business banking, which provides mortgages, loans, credit cards, investments, and day-to-day banking products to individuals and small businesses; and commercial banking business that delivers a product suite to medium and large businesses, including banking, cash management, lending, and leasing. This segment operates in Canada through a network of 1,024 branches and 2,998 automated banking machines (ABMs), as well as telephone, Internet banking, and third party channels. The International Banking segment provides retail and commercial banking services to customers located in the Caribbean and Central America, Mexico, Latin America, and Asia. It operates through a network of approximately 2,000 branches and offices, 3,686 ABMs, telephone and Internet banking, in-store banking kiosks, and specialized sales forces. The Scotia Capital segment provides corporate lending, equity and debt underwriting, and mergers and acquisitions advisory services, as well as capital markets products and services, such as fixed income, derivatives, prime brokerage, securitization, foreign exchange, equity sales, and trading and research services to corporate, government, and institutional investor clients. This segment also provides precious and base metals related banking services, through ScotiaMocatta. The Global Wealth Management segment comprises wealth management, insurance, and global transaction banking businesses. It collaborates and works in partnership with Canadian Banking, International Banking, and Scotia Capital segments. The Bank of Nova Scotia was founded in 1832 and is based in Toronto, Canada.Best Bank Stocks To Watch In November 2014:Citigroup Inc. (C)
Citigroup, Inc., a global financial services company, provides consumers, corporations, governments, and institutions with a range of financial products and services. The company operates through two segments, Citicorp and Citi Holdings. The Citicorp segment operates as a global bank for businesses and consumers with two primary businesses, Regional Consumer Banking and Institutional Clients Group. The Regional Consumer Banking business provides traditional banking services, including retail banking, and branded cards in North America, Asia, Latin America, Europe, the Middle East, and Africa. The Institutional Clients Group business provides securities and banking services comprising investment banking and advisory services, lending, debt and equity sales and trading, institutional brokerage, foreign exchange, structured products, cash instruments and related derivatives, and private banking; and transaction services consisting of treasury and trade solutions, and securities and fund services. The Citi Holdings segment operates Brokerage and Asset Management, Local Consumer Lending, and Special Asset Pool businesses. The Brokerage and Asset Management Business, through its 49% stake in Morgan Stanley Smith Barney joint venture and Nikko Cordial Securities, offers retail brokerage and asset management services. The Local Consumer Lending business provides residential mortgage loans, retail partner card loans, personal loans, commercial real estate, and other consumer loans, as well as western European cards and retail banking services. The Special Asset Pool business is a portfolio of securities, loans, and other assets. Citigroup Inc. has approximately 200 million customer accounts and operates in approximately 160 countries. The company was founded in 1812 and is based in New York, New York.Advisors' Opinion:
- By Fabian At 2011-12-16
Citigroup (C) appears to be getting started on its plan to trim its workforce by about 4,500 people. Th! e compan y filed papers with the government showingthat it may lay off 413 people in New York City by the end of the year, Bloomberg reported.
Many of the layoffs are expected to occur in the bank’s Global Markets division, located at 388 Greenwich Street. - By David Sterman At 2011-12-6
This may seem to be an odd choice for a long-term portfolio. Citigroup has caused all kinds of pain for investors in recent years. But behind the scenes, Citigroup has been transforming itself into a major global player. CEO Vikram Pandit has sought to reduce Citigroup’s exposure to the weak U.S. economy while aggressively investing in the world’s most dynamic emerging economies. Right now, North America and Europe constitute about two-thirds of revenue. But emerging markets are expected to grow at a faster pace than Europe and North America in coming years, so that revenue mix may move closer to 50/50.If the dollar weakens further, as many economists predict, then that international exposure will really pay off as Citigroup’s foreign earnings rise in value. - By Louis Navellier At 2011-11-17
Citigroup provides consumers, corporations, governments and institutions across the globe with a range of financial products and services. A year-to-date drop of 46% for C stock has left shareholders shaking their heads throughout 2011. - By Vodicka At 2011-10-31
Citigroup Inc. (NYSE: C), recent price $4.55: To prove that all bargain stocks don't have to be hidden gems, consider this "too-big-to-fail" bank. After trading above $55 a share in 2007, Citi got crushed in the 2008 financial collapse and has struggled since. However, it's now profitable again, plans a 10-for-1 reverse stock split in May and will also be resuming its dividend. What makes it most attractive for the long run, however, is its price-to-tangible-book-value ratio of just 1.02 - down from a 10-year-high of 5.24. In essence, you're getting right at a dollar's worth of real assets for every dollar you invest now. - By Sy_Harding At 2011-10-30
Citigroup is one of Miller’s long-term holdings. He had $252 Million worth of C at the end of December. Dur! ing the past year, C returned 43.6% and outperformed the SPY by a huge margin. Stock holdings were reduced by 16% during the 4th quarter. Stock returned 3.8% since then, slightly underperforming the SPY’s 5.8% return. Citigroup is also a hugely popular stock among several hedge funds. - By Dave Friedman At 2011-10-23
On 3/31/11 Maverick Capital reported holding 0,000 shares with a market value of $0. This comprised 0.00% of the total portfolio. On 6/30/11, Maverick Capital held 10,730,265 shares with a market value of $446,808,228. This comprised 4.36% of the total portfolio. The net change in shares for this position over the two quarters is 10,730,265. About the company: Citigroup Inc. is a diversified financial services holding company that provides a broad range of financial services to consumer and corporate customers around the world. The Company’s services include investment banking, retail brokerage, corporate banking, and cash management products and services. On 3/31/11 Maverick Capital reported holding 0,000 shares with a market value of $0. This comprised 0.00% of the total portfolio. On 6/30/11, Maverick Capital held 10,730,265 shares with a market value of $446,808,228. This comprised 4.36% of the total portfolio. The net change in shares for this position over the two quarters is 10,730,265. About the company: Citigroup Inc. is a diversified financial services holding company that provides a broad range of financial services to consumer and corporate customers around the world. The Company’s services include investment banking, retail brokerage, corporate banking, and cash management products and services. - By Goldman At 2011-8-28
Citigroup(C) is a diversified financial-services company, with retail-, commercial- and investment-banking units. The company was on the brink of bankruptcy two years ago, weighed down by subpr! ime mort gage investments gone bad. Citigroup's stock traded for less than $1 in early 2009.
Citigroup swung to an adjusted fourth-quarter profit of four cents from a year-earlier loss, but missed analysts' consensus target by 48%, sending shares down more than 6% in reaction. Citigroup's sales figure missed consensus by 6.4%. Still, its stock, among the heaviest-traded in the market, receives positive reviews from researchers, with 16, or 53%, "buy" recommendations, nine "hold" ratings and three "sell" rankings. It is up 52% in 12 months.
Goldman's $5.50 target suggests a one-year potential rise of 13%. Dick Bove, at Rochdale Securities, remains the stock's greatest advocate, forecasting an advance of 42% to $6.96. Citi's stock is still cheap relative to financial-services peers, costing 8.7-times forward earnings, 0.9-times book value and 1.3-times sales. Those figures reflect discounts of 25%, 10% and 31% discounts to industry averages. Citigroup has reformed its risk profile markedly since the recession. Its Tier I common ratio widened to nearly 12% in the latest quarter and leverage fell to 12:1.
Goldman, dismayed by lower capital-markets revenue during the quarter, is encouraged by Citi's asset sales, strengthening balance sheet and emerging markets exposure. Citi Holdings is shedding assets faster than anticipated, which is bolstering liquidity. Investment-banking revenue increased 25% during the quarter. - By Roger At 2011-8-28
Citigroup is one of the toughest companies to value because it is the largest trader in off balance sheet derivative contracts in the world. Citi falls into the "too hard to value" category for me and has for years ever since I read a book by Aswath Damodaran on mortgage derivatives and realized that these contracts are incredibly hard to value let alone understand. The company is cheap, however, trading at around tangible book and for 12.7X trailing earnings and 8.7X forward earnings. Citigroup is another company that will likely not go under while trading for a discount to future cash flows.
Best Bank Stocks To Watch In November 2014:J P Morgan Chase & Co (JPM)
JPMorgan Chase & Co., a financial holding company, provides various financial services worldwide. Its Investment Bank segment provides various investment banking products and services, including advising on corporate strategy and structure, capital-raising in equity and debt markets, risk management, market-making in cash securities and derivative instruments, prime brokerage, and research services serving corporations, financial institutions, governments, and institutional investors. The company?s Commercial Banking segment provides lending, treasury, investment banking, and asset management services to corporations, municipalities, financial institutions, and not-for-profit entities. Its Treasury & Securities Services segment offers cash management, trade, wholesale card, and liquidity products and services to small and mid-sized companies, multinational corporations, financial institutions, and government entities. It also holds, values, clears, and services securities, cash, and alternative investments for investors and broker-dealers, and manages depositary receipt programs worldwide. JPMorgan?s Asset Management segment provides investment and wealth management to institutions, retail investors, and high-net-worth individuals. This segment offers investment management in equities, fixed income, real estate, hedge funds, private equity, and liquidity products, as well as trust and estate, banking and brokerage services, and retirement services. Its Retail Financial Services segment offers retail banking and consumer lending services that include checking and savings accounts, mortgages, home equity and business loans, and investments through ATMs, online banking, and telephone banking, as well as auto dealerships and school financial-aid offices. The company?s Card Services segment issues credit cards and processes various credit card payments. JPMorgan Chase & Co. was founded in 1823 and is headquartered in New York, New York.Advisors' Opinion:
- By Fabian At 2011-10-! 30
Bill Miller had $245 Million in JPM shares at the end of December. These shares have returned 17.5% since February 2010, underperforming the SPY by 4 percentage points. Stock holdings are almost unchanged during the 4th quarter, stock returned 10.5% since the end of December. - By Dave Friedman At 2011-10-23
On 3/31/11 Maverick Capital reported holding 5,980,977 shares with a market value of $275,723,031. This comprised 2.93% of the total portfolio. On 6/30/11, Maverick Capital held 10,792,867 shares with a market value of $441,859,960. This comprised 4.32% of the total portfolio. The net change in shares for this position over the two quarters is 4,811,890. About the company: JPMorgan Chase & Co. provides global financial services and retail banking. The Company provides services such as investment banking, treasury and securities services, asset management, private banking, card member services, commercial banking, and home finance. JP Morgan Chase serves business enterprises, institutions, and individuals. - By Putnam At 2011-9-28
JPMorgan Chase & Co. (NYSE:JPM): On 3/31/11 Viking Global Investors reported holding 10,114,100 shares with a market value of $466,259,995. This comprised 4.02% of the total portfolio. On 6/30/11, Viking Global Investors held 9,539,400 shares with a market value of $390,543,023. This comprised 3.27% of the total portfolio. The net change in shares for this position over the two quarters is -574,700. About the company: JPMorgan Chase & Co. provides global financial services and retail banking.? The Company provides services such as investment banking, treasury and securities services, asset management, private banking, card member services, commercial banking, and home finance.? JP Morgan Chase serves business enterprises, institutions, and individuals. - By Roger At 2011-9-10
The stock’s stochastic is telling us that it is oversold, and the stock had a reversal day late last month that could provide a short-term trade to $43.?Fundamental analysts have an average target of $58 within 12 months, but technically we’d be pleased with a move back to its high of $47-plus by the end of this year. The annual dividend is $1.00 providing a yield of 2.51%. - By Jim Cramer,TheStreet At 2011-9-7
The dividend's going to be boosted, the buyback enlarged, the earnings power revealed, the shroud gone. JPMorgan Chase (JPM) is still the best-run bank in America, if not the world, and CEO Jamie Dimon is one of our greatest bankers.The company really did come through this period relatively unscathed and with a better branch network, courtesy of the dirt-cheap price of Washington Mutual. This company's stock has done nothing, literally nothing, year over year. Unchanged! That won't be the case in 2011.
I see it going to $50, propelled by earnings power and the dividend hikes. It will be the pre-eminent financial to own and become a staple of many a mutual fund portfolio. - By Goldman At 2011-8-28
JPMorgan Chase(JPM), like Citigroup, is a diversified financial-services company, albeit one with a better track record and reputation.
JPMorgan's fourth-quarter adjusted earnings rose 84% to $1.12, beating analysts' consensus forecast by 12%. Its top-line tally, up 13%, exceeded expectations by 7.8%. The bank is lending more. Loans grew 1%, up in five of six business units. Trading revenue was down 8%. The bank's net interest margin, at just below 2.9%, missed Wall Street's target of 3%. Still, the quarter was considered an overwhelming positive, with JPMorgan topping the investment-bank league tables for global fees, even though its operating profit dropped 24%.
JPMorgan's retail and card-services businesses swung to profits from year-earlier losses. Amid a strengthening recovery, diversified financial stocks have fallen out of favor, but JPMorgan is expected to more than double its dividend in 2011. Based on aggregate ratings, JPMorgan is analysts' favorite Dow component. It receives 28 "buy" recommendations and five "hold" calls. No researchers rank JPMorgan "sell." Although Goldman rates the stock "buy", its $54 target is below the median, at $54.29. Barclays forecasts that the stock will rise 32% to $60 in 12 months. - By Goodwin At 2011-8-28
JPMorgan reported earnings that rose by 67% on a YOY quarterly basis and the shares are another large position for FAIRX. JPM is a well managed company, with the best leadership team out of all of the Fed member banks discussed in this article. Jamie Dimon is a one of the few investment banking leaders whose integrity is unquestionable, although in this case, such a statement is akin to calling a used car salesman "honest" after the bailouts unfortunately stripped the investment banking profession of a substantial amount of respect. Maybe it's a good thing they are well paid after all.
Best Bank Stocks To Watch In November 2014:Royal Bank Of Canada (RY)
Royal Bank of Canada provides personal and commercial banking, wealth management services, insurance, corporate and investment banking, and transaction processing services under the RBC name worldwide. Its Canadian Banking segment offers personal financial services, business financial services, and cards and payment solutions. The company?s Wealth Management segment provides wealth and asset management, and estate and trust services to affluent and high net worth clients through distributors, as well as directly to institutional and individual clients in Canada, the United States, Europe, Asia, and Latin America. Its Insurance segment provides various life and health insurance, including universal life, accidental death and critical illness protection, disability, long-term care insurance, and group benefits; and property and casualty insurance comprising home, auto, and travel insurance, as well as wealth accumulation solutions; and reinsurance products through retail insurance branches, call centers, independent insurance advisors and travel agencies, financial institutions, and career sales force. The company?s International Banking segment offers various financial products and services to individuals, business clients, and public institutions in the U.S. and Caribbean. This segment also provides global custody, fund and pension administration, securities lending, shareholder services, analytics, and other related services to institutional investors. Royal Bank of Canada?s Capital Markets segment engages in the trading and distribution of fixed income, foreign exchange, equities, commodities, and derivative products for institutional, public sector, and corporate clients; and involves in investment banking, debt and equity origination, advisory services, corporate lending, private equity, and client securitization businesses. The company was founded in 1864 and is headquartered in Toronto, Canada.Best Bank Stocks To Watch In November 2014:Wells Fargo & Company (WFC)
Wells Fargo & Company, through its subsidiaries, provides retail, commercial, and corporate banking services primarily in the United States. The company operates in three segments: Community Banking; Wholesale Banking; and Wealth, Brokerage, and Retirement. The Community Banking segment offers deposits, including checking, market rate, and individual retirement accounts; savings and time deposits; and debit cards. Its loan products comprise lines of credit, auto floor plans, equity lines and loans, equipment and transportation loans, education loans, residential mortgage loans, health savings accounts, and credit cards. This segment also provides equipment leases, real estate financing, small business administration financing, venture capital financing, cash management, payroll services, retirement plans, loans secured by autos, and merchant payment processing services; purchases sales finance contracts from retail merchants; and a family of funds, and investment management services. The Wholesale Banking segment offers commercial and corporate banking products and services, including commercial loans and lines of credit, letters of credit, asset-based lending, equipment leasing, international trade facilities, trade financing, collection services, foreign exchange services, treasury and investment management, institutional fixed-income sales, commodity and equity risk management, insurance, corporate trust fiduciary and agency services, and investment banking services. This segment also provides banking products for commercial real estate market, and real estate and mortgage brokerage services. The Wealth, Brokerage, and Retirement segment offers financial advisory, brokerage, and institutional retirement and trust services. As of December 31, 2010, the company served its customers through approximately 9,000 banking stores in 39 States and the District of Columbia. Wells Fargo & Company was founded in 1929 and is headquartered in San Francisco, California.Advisors' Opinion:
- By Philip At 2011-11-8
Wells Fargo's (WFC) forward P/E was 7.9, based on Friday's closing price of $25.40 and consensus 2012 EPS estimate of $3.22. The shares trade just over the company's reported book value of $24.13, as of Sept. 30.
Out of 895 publicly traded U.S. bank and thrift stocks -- excluding those trading on the Pink Sheets -- 273 trade for less than $5 a share, according to data supplied by SNL.
We narrowed down the list down to 21 names with three-month daily average trading volume of more than 50,000 shares.
We further pared the list to the five names with the most upside implied by mean price targets among analysts polled by FactSet, limiting the group to bank and thrift holding with "Buy" ratings from at least half the covering analysts. - By Sherry Jim At 2011-10-30
Miller had $361 Million WFC shares at the end of December. WFC gained 24.7% during the last 12 months and outperformed the SPY by 3.2 percentage points. Stock holdings increased by 18.5% during the last quarter and WFC returned 9.1% since then. Warren Buffett was extremely bullish about Wells Fargo during the fourth quarter, adding another 6+ Million shares to his $11+ Billion WFC holdings. - By James K. Glassman At 2011-10-21
Bill Miller's incredible streak of beating the S&P 500 for 15 straight calendar years came to an end in 2006, but the CEO of Legg Mason Capital Management is still worth listening to. He always has interesting, contrarian ideas, and right now he's high on what many investors despise: bank stocks. He especially likes Wells Fargo (WFC), which is down about one-fourth since May and is trading at a modest 11 times estimated earnings.
