The wealth-building power of compound interest will never cease to amaze me. It's a story of patience and attention to detail, where small, short-term differences add up to massive divergence over decades. And in the end, the biggest winners don't always deliver the fattest share-price returns.
Today, I'll take a closer look at one of the banks deemed "too big to fail": Dow Jones (DJINDICES: ^DJI ) component JPMorgan Chase (NYSE: JPM ) .
The financial crisis of 2008 took a huge bite out of JPMorgan's dividend payouts. The formerly generous yields -- often hovering in the 3% range or higher -- briefly spiked as share prices plunged, but that jump was only theoretical. The real-world annual dividend yield stayed below 1% until JPMorgan was allowed to boost its payout policy again.
JPMorgan has gone from strength to strength, and recently boosted its quarterly dividend payouts to $0.38 per share -- the exact level that shareholders enjoyed before the crash.
Top 10 Financial Stocks To Watch For 2014: Old Line Bancshares Inc.(OLBK)
Old Line Bancshares, Inc. operates as the bank holding company for Old Line Bank that provides commercial banking products and services to small and medium size businesses, entrepreneurs, professionals, consumers, and high net worth clients in Maryland. It offers various deposit products, including demand, negotiable order of withdrawal, money market, and savings accounts, as well as certificates of deposit. The company?s lending portfolio comprises short to medium term commercial business loans, including lines of credit, revolving credit facilities, accounts receivable financing, term loans, equipment loans, SBA loans, stand-by letters of credit, and unsecured loans; commercial real estate loans; real estate construction loans consisting of funds advanced for the construction of single family residences, multi-family housing, and commercial buildings; home equity loans and home improvement loans; secured and unsecured consumer installment loans; and personal and househo ld loans. In addition, it offers safe deposit boxes, wire transfer services, debit cards, automated teller machine services, and credit cards, as well as provides Internet banking services. Further, Old Line Bancshares provides commercial account services, including direct deposit of payroll, an overnight sweep service, and remote deposit capture service. As of April 28, 2010, it operated one branch in Bowie, two branches in Waldorf, one branch in Annapolis, one branch in Crofton, and five additional branches in Prince George's County, Maryland. The company was founded in 1989 and is headquartered in Bowie, Maryland.
Top 10 Financial Stocks To Watch For 2014: St.James Place(STJ.L)
St. James's Place plc is a publicly owned investment manager. The firm provides its services to individuals, trustees, and corporations. It launches and manages equity, fixed income, and balanced mutual funds for its clients. The firm invests in public equity and fixed income market across the globe. It employs a combination of in-house and external research to make its portfolio. St. James's Place plc was founded in 1977 and is based in Cirencester, United Kingdom. St. James's Place plc operates as a subsidiary of Lloyds Banking Group plc.
10 Best Performing Stocks For 2014: Central Federal Corporation(CFBK)
Central Federal Corporation operates as the holding company for CFBank that provides various financial services. It accepts various deposit products that include savings accounts, retail and business checking accounts, money market accounts, and certificates of deposit. The company?s loan portfolio comprises commercial, commercial real estate, and multi-family mortgage loans; single-family real estate loans; construction, land, and land development loans; and consumer loans, including home equity lines of credit, automobile loans, home improvement loans, and loans secured by deposits. It also provides online Internet banking, mobile banking, remote deposit, corporate cash management, and telephone banking services. Central Federal Corporation operates through four branch offices located in Summit, Columbiana, and Franklin Counties, Ohio. The company was formerly known as Grand Central Financial Corp. The company was founded in 1892 and is headquartered in Fairlawn, Ohio.< /p>
Top 10 Financial Stocks To Watch For 2014: Mayflower Bancorp Inc.(MFLR)
Mayflower Bancorp, Inc. operates as a bank holding company for Mayflower Co-operative Bank that provides various banking products in southeastern Massachusetts. Its deposit products include regular savings, NOW, and commercial checking accounts; money market and demand deposits; and term certificates of deposit. The company?s loan portfolio comprises conventional residential mortgage loans, second mortgages and equity lines of credit on residential properties, commercial real estate mortgages, and loans for the construction of residential and commercial properties, as well as commercial business loans, including demand loans, time loans, term loans, and commercial lines of credit; and consumer loans comprising secured and unsecured personal, automobile, boat, short-term, and overdraft protection loans. It also offers online banking, mobile banking, telephone banking, and automatic teller machine services, as well as debit cards. Mayflower Bancorp provides its services thr ough its main office in Middleboro; and seven full-service offices in Plymouth, Wareham, Rochester, Bridgewater, and Lakeville, Massachusetts. The company was founded in 1889 and is based in Middleboro, Massachusetts.
Top 10 Financial Stocks To Watch For 2014: F.B.D.HLDGS ORD EUR0.60(FBH.L)
FBD Holdings plc, through its subsidiaries, primarily engages in general insurance underwriting business in Ireland and other countries in European Union. It offers various business insurance products, including shop insurance; pub insurance; office based professional insurance; manufacturers, distribution, and wholesale insurance; and restaurant, cafe, and takeaway insurance. The company also offers other business insurance products for property, business interruption, employer?s liability, public liability, products liability, money, and deterioration of food to small and medium enterprises; property insurance for commercial and private lets; medical surgery insurance; insurance for hotels, guest houses, and B&B?s; and self build insurance, as well as commercial vehicle insurance, motor fleet insurance, personal car insurance, farm insurance, and home insurance. In addition, it provides various personal finance solutions, including general insurance broking, life assur ance/pension products, broking/investment advice, installment finance, mortgage protection quotes, life and serious illness cover products, mortgage advices, and income protection solutions, as well as other financial solutions for businesses. Further, the company holds interests in various hotel and leisure properties comprising the La Cala and Sunset Beach Resorts in Spain, as well as in the FBD Hotels in Ireland. FBD Holdings plc was incorporated in 1988 and is based in Dublin, Ireland.
Top 10 Financial Stocks To Watch For 2014: BlackRock Energy and Resources Trust (BGR)
BlackRock Energy and Resources Trust is a close ended equity mutual fund launched by BlackRock Inc. The fund is managed by BlackRock Advisors, LLC. It invests in the public equity markets across the globe while focusing on the United States. The fund invests stocks of companies operating in the energy and natural resources sectors. It primarily invests in stocks of companies operating across all market capitalizations. The fund was formerly known as BlackRock Global Energy and Resources Trust. BlackRock Energy and Resources Trust was formed on December 29, 2004 and is domiciled in the United States.
Top 10 Financial Stocks To Watch For 2014: First Merchants Corporation(FRME)
First Merchants Corporation, a financial holding company, provides financial and banking products and services. Its deposit products include demand deposits, savings deposits, and certificates and other time deposits. The company?s loan products portfolio comprises commercial and industrial loans; agricultural production financing and other loans to farmers; real estate loans, including construction, commercial and farmland, and residential loans; individuals? loans for household and other personal expenditures; tax-exempt loans; lease financing; consumer loans; and other loans. It also rents safe deposit facilities; and provides personal and corporate trust services, brokerage services, and other corporate services, as well as letters of credit and repurchase agreements. The company operates through 79 banking locations in 23 Indiana and 2 Ohio counties, as well as through ATMs, check cards, interactive voice response systems, and Internet technology. In addition, First Merchants Corporation operates as a property, casualty, personal lines, and employee benefit insurance agency; and involves in life reinsurance business. The company was founded in 1893 and is headquartered in Muncie, Indiana.
Advisors' Opinion:- [By Sean Williams]
For this week's round of "Better Know a Stock," I'm going to take a closer look at First Merchants (NASDAQ: FRME ) .
What First Merchants does
First Merchants is a financial holding company that provides community and commercial banking services primarily throughout Indiana, but also in Ohio. As of the first-quarter, First Merchants had $4.3 billion in total assets with total loans outstanding equaling $2.9 billion. - [By Tim Melvin]
The year ahead should be a great one for the smaller bank stocks. Larger regionals like Huntington Bancorp (HBAN) and Capital Ban Financial (CBF) have made it clear they intend to grow by acquisition in the years ahead. Banks like First Merit (FMER) and First Merchants (FRME) have done deals in the past year and are open to doing more to increase their market share and footprints. This should be the year the floodgates open and we see the first wave of merger activity in small banks.
Top 10 Financial Stocks To Watch For 2014: American Municipal Income Portfolio(XAA)
American Municipal Income Portfolio, Inc is a closed ended fixed income mutual fund launched and managed by FAF Advisors, Inc. It is co-managed by Nuveen Fund Advisors, Inc. and Nuveen Asset Management, LLC. The fund invests in fixed income markets. It seeks to invest in fixed income securities including various municipal securities, which include municipal derivative securities, such as inverse floating rate and inverse interest-only municipal securities. The fund also invests in futures contracts, options on futures contracts, and options, as well as interest rate swaps, caps, and floors. American Municipal Income Portfolio, Inc was formed on June 25, 1993 and is domiciled in United States.
Top 10 Financial Stocks To Watch For 2014: Eagle Bancorp Inc.(EGBN)
Eagle Bancorp, Inc. operates as the bank holding company for EagleBank that provides various commercial and consumer banking services. Its deposit products include business and personal checking accounts, negotiable order of withdrawal accounts, savings and money market accounts, time deposits, and individual retirement accounts. The company?s credit services comprise commercial loans for business purposes, including working capital, equipment purchases, real estate, lines of credit, and government contract financing; asset based lending and accounts receivable financing; real estate loans comprising construction loan financing; business equipment financing; consumer installment loans, such as automobile and personal loans; personal lines of credit; residential mortgage loans; and credit card services. It also offers cash management services, including electronic banking, business sweep account, lock box, account reconciliation, credit card depository, safety deposit boxe s, automated clearing house origination, and automated teller machine services. The company provides subordinated financing for the acquisition, development, and construction of real estate projects; and provides commercial and retail insurance products. It primarily serves business and professional clients, such as sole proprietorships, small and medium-sized businesses, partnerships, corporations, non-profit organizations and associations, and investors, as well as individuals. As of April 25, 2011, it operated 13 offices located in Montgomery County, Maryland; Washington, D.C; and Fairfax County, Virginia. The company was founded in 1997 and is headquartered in Bethesda, Maryland.
Top 10 Financial Stocks To Watch For 2014: Cohen & Steers Infrastructure Fund Inc(UTF)
Cohen & Steers Infrastructure Fund, Inc. operates as a closed-end, nondiversified management investment company. It invests primarily in a portfolio of common stocks, preferred stocks, and other equity securities issued by utility companies; and in preferred securities and other fixed income securities of other companies. The fund?s investment portfolio primarily includes investments in various companies operating in utilities, agricultural chemicals, financials media real estate, specialty, food products, insurance, oil exploration and production, automotive, telecommunications sectors. Cohen & Steers Capital Management, Inc. serves as the investment manager of the fund. The fund, formerly known as Cohen & Steers Select Utility Fund, Inc., was founded in 2004 and is based in the New York City.
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