It is going to be interesting to see exactly what happens with the Federal Reserve’s balance sheet under Janet Yellen. Ben Bernanke has decided to pass the buck down the line for her to decide when to taper the $85 billion in monthly bond buying under quantitative easing.
We do not yet have the full details of a compromise for the debt ceiling, but it seems obvious that a resolution is going to be found that will reopen the federal government and which will allow the United States to pay its bills. The reality is that the Federal Reserve’s balance sheet is getting closer and closer to having�$4 trillion worth of assets. It also now seems more than possible that quantitative easing will go on much longer than expected even just a month ago.
The Federal reserve even admits on its weekly balance sheet analysis, “Since the beginning of the financial market turmoil in August 2007, the Federal Reserve’s balance sheet has grown in size and has changed in composition. Total assets of the Federal Reserve have increased significantly from $869 billion on August 8, 2007, to well over $2 trillion.” That is an old figure because it is now over $3.75 trillion.
Top Financial Companies To Own For 2014: ASA Gold and Precious Metals Limited (ASA)
ASA Gold and Precious Metals Limited is a self management investment trust. The firm invests in the public equity markets across the globe. It primarily invests in stocks of companies engaged in the exploration, mining or processing of gold, silver, platinum, diamonds, or other precious minerals. ASA Gold and Precious Metals Limited was founded in 1958 and is based in San Mateo, California.
Advisors' Opinion:- [By Joe Eqcome]
Actionable Items:
Highest Positive Spread: Nuveen Mortgage Opportunity Term Fund (JLS)Focus Stock: LMP Real Estate Income Fund (RIT)Last Week's Focus Stock: ASA Gold and Precious Metals (ASA)ECB cuts its rates: The European Central Bank (ECB) will cut its benchmark rate a quarter-of-a-point to 0.5%.
Top Financial Companies To Own 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 Growth Companies To Watch In Right Now: Sandy Spring Bancorp Inc.(SASR)
Sandy Spring Bancorp, Inc. operates as the holding company for Sandy Spring Bank, which offers a range of commercial banking, retail banking, and trust services to individuals and businesses in Maryland. It accepts various deposit products consisting of demand, money market savings, regular savings, and time deposits, as well as interest-bearing and non interest-bearing deposits. The company?s loan portfolio includes residential real estate development and construction loans; commercial loans comprising commercial real estate loans, commercial construction loans, equipment leases, and other commercial loans; and consumer loans, including home equity loans and lines, installment loans, personal lines of credit, marine loans, and student loans. It also offers personal trust, and investment and wealth management services. In addition, the company provides equipment leasing services for small to medium sized businesses through vendors, and to end-users located primarily from New Jersey to Florida. Further, it offers annuities as an alternative to traditional deposit accounts; provides general insurance services in the areas of commercial, personal, and medical liability lines; and provides investment management and financial planning to individuals, families, small businesses, and associations, including cash flow analysis, investment review, tax planning, retirement planning, insurance analysis, and estate planning. As of July 13, 2011, Sandy Spring Bancorp operated 44 community offices in Anne Arundel, Carroll, Frederick, Howard, Montgomery, and Prince George's counties in Maryland, as well as Arlington, Fairfax, and Loudoun counties in Virginia. The company was founded in 1868 and is headquartered in Olney, Maryland.
Top Financial Companies To Own For 2014: Hongkong Land Holdings Limited (H78.SI)
Hongkong Land Holdings Limited, together with its subsidiaries, engages in the investment, management, and development of real estate properties in greater China and southeast Asia. The company owns and manages approximately 5 million square feet of office and retail space in Central business district, Hong Kong. It also owns commercial investment property in Singapore, Thailand, Vietnam, Cambodia, Indonesia, and Macau. In addition, the company holds residential development property for sale in Hong Kong, Mainland China, and Macau; and under development properties in Singapore and Mainland China. Further, it is involved in the hotel investment and property consultancy activities. The company was founded in 1889 and is headquartered in Central, Hong Kong. Hongkong Land Holdings Limited is a subsidiary of Jardine Strategic Holdings Limited.
Top Financial Companies To Own For 2014: Blackrock Debt Strategies Fund Inc. (DSU)
BlackRock Debt Strategies Fund, Inc. is a closed ended fixed income mutual fund launched by BlackRock, Inc. The fund is co managed by BlackRock Advisors, LLC and BlackRock Financial Management, Inc. It invests in the public fixed income markets of the United States. The fund invests in the securities of companies operating across diversified sectors. It primarily invests in High Yield and corporate bonds with an average credit rating of Ba or lower by Moody's Investors Service, Inc. The fund was formerly known as Debt Strategies Fund Inc. BlackRock Debt Strategies Fund, Inc. was formed on March 27, 1998 and is domiciled in the United States.
Top Financial Companies To Own For 2014: Annapolis Bancorp Inc.(ANNB)
Annapolis Bancorp, Inc. operates as a bank holding company for BankAnnapolis that provides commercial and retail banking services to small businesses, professional concerns, and individuals in Maryland. It accepts various deposit products, including transaction, savings, money market, individual retirement, saving accounts, checking accounts, and NOW accounts, as well as certificates of deposits and time deposits. The company also offers loan products comprising commercial loans, commercial real estate loans, construction loans, one- to four-family residential mortgage loans, home equity loans, and letters of credit; and consumer loans, such as personal lines of credit, as well as generally fixed rate installment loans secured by new or used automobiles, and new or used boats; and loans secured by deposit accounts. In addition, it provides cash management services, which include account analysis, remote deposit capture, merchant services, and a range of deposit products. T he company operates six branches in Anne Arundel County, Maryland; and one branch located in Kent Island in Queen Anne?s County, Maryland. Annapolis Bancorp, Inc. was founded in 1988 and is headquartered in Annapolis, Maryland.
Top Financial Companies To Own For 2014: S&U(SUS.L)
S&U Plc provides consumer and motor finance services in England, Wales, and Scotland in the United Kingdom. It offers home credit consumer finance and motor finance. The company also provides rental and other retail trading services, as well as insurance brokerage services. It serves approximately 140,000 customers. The company was founded in 1938 and is based in Solihull, the United Kingdom.
Top Financial Companies To Own For 2014: Allied World Assurance Company Holdings AG (AWH)
Allied World Assurance Company Holdings, AG operates as a specialty insurance and reinsurance company in Bermuda, Hong Kong, Ireland, Singapore, Switzerland, the United Kingdom, and the United States. It offers casualty insurance products that provide coverage for specialty type risks, such as professional liability, environmental liability, product liability, inland marine liability, healthcare liability risks, and commercial general liability products, as well as professional liability products, including policies covering directors and officers, employment practices, and fiduciary liability insurance. The company also provides a mix of errors and omissions liability coverages for various service providers comprising law firms, technology companies, insurance companies, insurance agents and brokers, and municipalities; primary and excess liability, and other casualty coverages to the healthcare industry, including hospitals and hospital systems, managed care organization s, and medical facilities, such as home care providers, specialized surgery and rehabilitation centers, and outpatient clinics; and general casualty products for a range of industries consisting of construction, real estate, public entities, retailers, manufacturing, transportation, and finance and insurance services, as well as workers compensation insurance products. In addition, it offers property insurance products covering physical property and business interruption for commercial property risks; and general property products covering risks for retail chains, real estate, manufacturers, hotels and casinos, and municipalities. Further, the company provides the reinsurance of property, general casualty, professional liability, specialty lines, property catastrophe, accident and health, and marine and aviation coverages. Allied World Assurance Company Holdings, AG was founded in 2001 and is headquartered in Baar, Switzerland.
Advisors' Opinion:- [By Rich Duprey]
Specialty insurance provider�Allied World Assurance (NYSE: AWH ) announced yesterday its second-quarter dividend of $0.50 per share, a 33% increase from the payout it made last quarter of $0.375 per share, as approved by shareholders at the annual meeting last month.
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