JPMorgan Chase (NYSE: JPM ) stock closed the trading week up 1.8% -- a surprisingly weak performance considering the bank's strong second-quarter results, but maybe not so surprising considering what else went down in the banking sector over the past five days. Regardless, investors don't realize how good they have it.
The good, the bad, and the confusing
First, the good news, or what should be taken as good news. JPMorgan reported second-quarter total net revenue of $25.2 billion and net income of $6.5 billion, versus $22.2 billion and $5.0 billion for the second quarter of 2012, respectively. Earnings per share were $1.60, versus $1.21 for the same period last year. �
And now the bad news, or what is in all actuality good news.
Earlier this week, the Federal Reserve, the Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corporation proposed new rules for America's financial system: All banks would be required to double their capital reserves, and the eight-biggest bank-holding companies would be required to have leverage ratios of 5%.
Best Financial Stocks To Watch For 2014: Mucklow(a&j)
A & J Mucklow Group plc, a real estate investment trust (REIT), engages in the investment and development of industrial and commercial properties in the United Kingdom. The company?s investment property portfolio includes industrial, offices, and retail properties; and development land holdings. It is also involved in the sale of investment properties and trading of properties. A & J Mucklow Group plc was founded in 1933 and is based in Halesowen, the United Kingdom.
Best Financial Stocks To Watch For 2014: Britton & Koontz Capital Corporation(BKBK)
Britton & Koontz Capital Corporation operates as the holding company for Britton & Koontz Bank, National Association that provides commercial and consumer banking services in Adams and Warren Counties, Mississippi, and East Baton Rouge Parish, Louisiana, as well as in the adjoining counties and parishes in Mississippi and Louisiana. The company offers various deposit products, including personal and commercial checking accounts, money market deposit accounts, savings accounts, non-interest bearing deposits, negotiable order of withdrawal accounts, and certificates of deposit. Its loan portfolio comprises commercial, financial, and agricultural loans; real estate construction, residential, and other loans; installment loans; consumer loans; and overdrafts. In addition, the company provides automated clearinghouse services; safe deposit box facilities; brokerage services; automated teller machines; cash management services, including remote deposit, money transfer, direct de posit payroll, and sweep accounts; VISA credit cards; and letters of credit. As of May 17, 2011, it operated three full service offices in Natchez, two in Vicksburg, Mississippi; three in Baton Rouge, Louisiana; and a loan production office in Central, Louisiana. The company was founded in 1866 and is headquartered in Natchez, Mississippi.
Best Warren Buffett Stocks To Own For 2014: Blackrock Preferred (BTZ)
BlackRock Credit Allocation Income Trust IV is a closed ended balanced mutual fund launched by BlackRock, Inc. The fund is co managed by BlackRock Advisors, LLC, BlackRock Financial Management, Inc., and BlackRock Investment Management, LLC. It invests in the public equity and fixed income markets across the globe. The fund invests in the stocks of companies operating across diversified sectors. For the fixed income portion of the portfolio, it primarily invests in securities with an average credit quality of BBB by Standard & Poor�s Corporation. The fund was formerly known as BlackRock Preferred & Equity Advantage Trust. BlackRock Preferred & Equity Advantage Trust was formed on December 27, 2006 and is domiciled in the United States.
Best Financial Stocks To Watch For 2014: Barclays Bank(BARC.L)
Barclays PLC provides various financial products and services worldwide. It offers retail and commercial banking, credit cards, investment banking, wealth management, and investment management services. The company?s personal banking products include bank accounts, a range of credit cards through Barclaycard, savings accounts, loans, insurance, online banking, and mortgages through Woolwich. Its corporate and business banking services comprise online banking, savings and investments, card services, risk management services, leveraged finance, international trading, and business loans, as well as support for businesses from microenterprises to multinationals, and access to services from Barclays investment banking and investment management portfolio. The company also provides investment banking services, such as strategic advisory, financing, and risk management services to large corporate, government, and institutional clients. In addition, it offers wealth management ser vices, which include international and private banking, investment management, fiduciary, and brokerage services. Barclays PLC was founded in 1896 and is headquartered in London, the United Kingdom.
Best Financial Stocks To Watch For 2014: Morgan Stanley Eastern Europe Fund Inc.(RNE)
Morgan Stanley Eastern Europe Fund Inc is a closed ended equity mutual fund launched by Morgan Stanley Investment Management Inc. It is managed by Morgan Stanley Investment Advisors Inc. The fund invests in the public equity markets of Russia, Central and Eastern European countries. It seeks to invest in stocks of companies operating across diversified sectors. The fund benchmarks the performance of its portfolio against the MSCI Emerging Markets Eastern Europe Index. Morgan Stanley Eastern Europe Fund Inc was formed on September 30, 1996 and is domiciled in the United States.
Best Financial Stocks To Watch For 2014: BanColombia S.A. (CIB)
Bancolombia S.A., a full service financial institution, provides various banking products and services to individual and corporate customers in Colombia, as well as in Panama, El Salvador, Puerto Rico, the Cayman Islands, Peru, Brazil, the United States, and Spain. The company offers savings and checking accounts, fixed term deposits, and investment products; and trade financing, loans funded by domestic development banks, working capital loans, credit cards, personal loans, vehicle loans, payroll loans, and overdrafts. It also provides mortgage banking, factoring, treasury, cash management, foreign currency, and bancassurance and insurance; and asset management and trust services that comprise money market accounts, mutual and pension funds, private equity funds, payment trust, custody services, and corporate trust. In addition, the company offers brokerage, investment advisory, and private banking services, including selling and distributing equities, futures, foreign cu rrencies, fixed income securities, mutual funds, and structured products; and investment banking services, including advising and assisting companies from various economic sectors in project finance, capital markets, capital investments, mergers and acquisitions, restructurings, and corporate lending. Further, it provides financial and operational leases, including cross-border and international leasing services; and pension plan administration services. The company offers its services through a traditional branch network, and sales and customer representatives, as well as through mobile branches, non-banking correspondents, an ATM network, online and computer banking, telephone and mobile phone banking, and electronic funds transfer at point of sale (PACs). As of September 30, 2012, it had 978 branches and 3,703 ATMs. Bancolombia S.A. was founded in 1945 and is headquartered in Medellin, Colombia.
Advisors' Opinion:- [By Matt Smith]
Bancolombia appears attractively priced
Another Colombian company that appears under-valued is the Andean country's largest commercial bank Bancolombia (NYSE: CIB ) . For the year-to-date Bancolombia's share price fell 17% because of a weak second quarter bottom-line. This decline was primarily caused by the bank's net income plunging by 41% year-over-year because of mark-to-market losses caused by the value lost in the bank's securities portfolio.
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