Hot Financial Stocks To Buy For 2019

Sears has been part of Chicago for more than a century. That ends Sunday.

The final Sears in Chicago city limits is closing. Known as the Six Corners store, it opened in the Irving Park neighborhood 80 years ago, during the Great Depression. On the first day, 100,000 shoppers stormed through the doors.

A real estate firm has plans to turn it into a mixed development of stores and apartments.

The closing of the Six Corners store is another sign of the financial problems facing what was once an iconic retailer. Sears has lost $11.2 billion since 2010, its last profitable year. Sales have plunged 60% in that time.

Sears Holdings (SHLD), which operates both the Kmart and Sears brands, had a total of 3,500 US stores when it merged the two brands in 2005. Now it has fewer than 1,000.

Merchants nearby said they’re concerned about losing a longtime anchor of the neighborhood, even if they don’t get much business from Sears customers anymore.

Hot Financial Stocks To Buy For 2019: Wells Fargo & Company(WFC)

Advisors’ Opinion:

  • [By Max Byerly]

    Blueport Capital L.P. lifted its holdings in Wells Fargo & Co (NYSE:WFC) by 94.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 15,463 shares of the financial services provider’s stock after purchasing an additional 7,513 shares during the quarter. Wells Fargo & Co accounts for approximately 8.3% of Blueport Capital L.P.’s investment portfolio, making the stock its 6th largest position. Blueport Capital L.P.’s holdings in Wells Fargo & Co were worth $810,000 at the end of the most recent quarter.

  • [By Shah Gilani]

    The dirt at Wells Fargo & Co. (NYSE: WFC) knows no depths. Last week, yet another example of systemic fraud was unearthed.

    From 2017 through early 2018, employees at the Systemically Important Financial Institution (SIFI) fraudulently altered social security numbers, addresses, and dates of birth on thousands of corporate customer documents.

  • [By Ethan Ryder]

    EdgePoint Investment Group Inc. grew its holdings in shares of Wells Fargo & Co (NYSE:WFC) by 5.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,077,437 shares of the financial services provider’s stock after acquiring an additional 691,477 shares during the quarter. Wells Fargo & Co accounts for approximately 9.0% of EdgePoint Investment Group Inc.’s investment portfolio, making the stock its largest position. EdgePoint Investment Group Inc.’s holdings in Wells Fargo & Co were worth $725,013,000 as of its most recent SEC filing.

  • [By Dan Caplinger]

    When it comes to investing, some people prefer to choose from among the leaders of an industry. In banking, Bank of America (NYSE:BAC) and Wells Fargo (NYSE:WFC) are among the biggest financial institutions in the world, and despite facing very different challenges, they’ve come a long way since teetering on the precipice of ruin during the financial crisis.

  • [By Paul Ausick]

    The Consumer Financial Protection Bureau (CFPB) announced Friday morning that it had settled federal claims against Wells Fargo & Co. (NYSE: WFC) related to risk management and improper charges to consumers for $1 billion. A $500 million payment the bank already has made to the Office of the Comptroller of the Currency (OCC) is being applied to the $1 billion penalty.

  • [By John Maxfield]

    Maxfield: I think we mixed up some numbers. Their revenue as a percent of assets is 4.92%, which is the highest in its peer group, and its peer group are the really large, too-big-to-fail banks, JPMorgan Chase (NYSE: JPM), Citigroup (NYSE: C), Bank of America (NYSE: BAC), Wells Fargo (NYSE: WFC), plus other large regional banks. So that’s the largest with one exception, and that is Capital One (NYSE: COF). The reason that Capital One’s revenue is so high as a percentage of assets is because a very large portion of its loan portfolio consists of credit card loans, and those yield, as everybody knows, a lot more than, say, a home mortgage does. So its revenue as a percent of assets is the top in its peer group. But then, if you translate that over into profitability, that’s where that 1.1% return on assets is. When you’re talking about profitability for banks, there’s two measures that you want to look at: your return on assets and your return on equity. Return on assets is basically your unlevered profitability. Your return on equity is your levered profitability. Here’s the interesting thing about PNC, and this is one of the reasons that it doesn’t pop up a lot when investors are looking for the top-performing banks — it’s because their return on common equity last year was 8.58%. When you’re looking for a 10% return on equity, you think, that’s actually meaningfully below that standard industry benchmark that you want to see. But the reason that it’s below, as we see with its good return on assets, is just because it’s not very levered, which means it’s a very safe bank that’s still earning a lot of money if you look at it on a levered basis.

Hot Financial Stocks To Buy For 2019: CBOE Holdings Inc.(CBOE)

Advisors’ Opinion:

  • [By Max Byerly]

    Deutsche Börse (OTCMKTS: DBOEY) and Cboe Global Markets (NASDAQ:CBOE) are both large-cap finance companies, but which is the better business? We will contrast the two businesses based on the strength of their earnings, risk, dividends, institutional ownership, profitability, valuation and analyst recommendations.

  • [By Motley Fool Transcription]

    Cboe Global Markets, Inc. (NYSEMKT:CBOE)Q4 2018 Earnings Conference CallFeb. 8, 2019, 8:30 a.m. ET

    Contents:
    Prepared Remarks Questions and Answers Call Participants
    Prepared Remarks:

    Operator

  • [By Dustin Blitchok]

    After CBOE Global Markets Inc (NASDAQ: CBOE) launched bitcoin futures in December, Charles Schwab Corporation (NYSE: SCHW) didn't immediately make the product available to clients, said Barry Metzger, the brokerage’s senior vice president of global, trading and advice.

  • [By Lee Jackson]

    This company is the beneficiary of volatility and options trading. Cboe Global Markets Inc. (NASDAQ: CBOE) was founded in 1973 as the first U.S. options exchange and went public in 2010. Its primary business is trading listed options contracts on equities, indexes (including several exclusively licensed and proprietary products) and ETFs through a hybrid model that combines electronic and open outcry trading.

  • [By Dan Caplinger]

    Last December, two major futures exchanges started offering futures contracts on bitcoin. CBOE Global Markets (NASDAQ:CBOE) was the first to market with its futures offering, and CME Group (NASDAQ:CME) didn’t waste any time coming out with its own version of a bitcoin contract.

Hot Financial Stocks To Buy For 2019: 1st Source Corporation(SRCE)

Advisors’ Opinion:

  • [By Ethan Ryder]

    Get a free copy of the Zacks research report on 1st Source (SRCE)

    For more information about research offerings from Zacks Investment Research, visit Zacks.com

  • [By Ethan Ryder]

    1st Source (NASDAQ:SRCE) was upgraded by stock analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a note issued to investors on Thursday.

  • [By Max Byerly]

    1st Source (NASDAQ:SRCE)’s share price hit a new 52-week high and low during mid-day trading on Thursday . The stock traded as low as $56.13 and last traded at $55.94, with a volume of 100 shares changing hands. The stock had previously closed at $55.94.

  • [By ]

    Currently, I like People’s Utah Bancorp (Nasdaq: PUB), 1st Source Corporation (Nasdaq: SRCE), and East West Bancorp (Nasdaq: EWBC) as stocks likely to benefit in the small/regional sector.

Hot Financial Stocks To Buy For 2019: Old National Bancorp Capital Trust I(ONB)

Advisors’ Opinion:

  • [By Stephan Byrd]

    Old National Bancorp (NASDAQ:ONB) was upgraded by equities research analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research note issued on Thursday.

  • [By Ethan Ryder]

    Bank of New York Mellon Corp lifted its stake in shares of Old National Bancorp (NASDAQ:ONB) by 1.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,451,745 shares of the bank’s stock after buying an additional 57,759 shares during the quarter. Bank of New York Mellon Corp’s holdings in Old National Bancorp were worth $64,203,000 at the end of the most recent reporting period.

  • [By Max Byerly]

    Russell Investments Group Ltd. reduced its holdings in shares of Old National Bancorp (NASDAQ:ONB) by 31.0% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 441,479 shares of the bank’s stock after selling 198,314 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.29% of Old National Bancorp worth $7,461,000 as of its most recent filing with the SEC.

  • [By Shane Hupp]

    SG Americas Securities LLC grew its position in Old National Bancorp (NASDAQ:ONB) by 122.1% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 150,316 shares of the bank’s stock after buying an additional 82,641 shares during the period. SG Americas Securities LLC’s holdings in Old National Bancorp were worth $2,796,000 at the end of the most recent quarter.

Hot Financial Stocks To Buy For 2019: Old Second Bancorp Inc.(OSBC)

Advisors’ Opinion:

  • [By Ethan Ryder]

    Get a free copy of the Zacks research report on Old Second Bancorp (OSBC)

    For more information about research offerings from Zacks Investment Research, visit Zacks.com

  • [By Logan Wallace]

    Get a free copy of the Zacks research report on Old Second Bancorp (OSBC)

    For more information about research offerings from Zacks Investment Research, visit Zacks.com

Hot Financial Stocks To Buy For 2019: ProAssurance Corporation(PRA)

Advisors’ Opinion:

  • [By Ethan Ryder]

    ProChain (CURRENCY:PRA) traded up 1.1% against the US dollar during the 1 day period ending at 12:00 PM ET on September 28th. ProChain has a total market cap of $5.06 million and $110,631.00 worth of ProChain was traded on exchanges in the last day. In the last seven days, ProChain has traded down 20% against the US dollar. One ProChain token can now be bought for approximately $0.10 or 0.00001535 BTC on popular exchanges including Bit-Z, FCoin, OKEx and Bibox.

  • [By Joseph Griffin]

    Metropolitan Life Insurance Co. NY raised its position in ProAssurance Co. (NYSE:PRA) by 1,039.5% in the second quarter, Holdings Channel reports. The institutional investor owned 17,297 shares of the insurance provider’s stock after purchasing an additional 15,779 shares during the period. Metropolitan Life Insurance Co. NY’s holdings in ProAssurance were worth $613,000 as of its most recent filing with the Securities and Exchange Commission.

  • [By Stephan Byrd]

    Get a free copy of the Zacks research report on ProAssurance (PRA)

    For more information about research offerings from Zacks Investment Research, visit Zacks.com

  • [By Shane Hupp]

    ProAssurance Co. (NYSE:PRA) – Equities research analysts at SunTrust Banks lowered their Q4 2018 earnings estimates for ProAssurance in a research report issued to clients and investors on Tuesday, February 5th. SunTrust Banks analyst M. Hughes now expects that the insurance provider will earn $0.17 per share for the quarter, down from their prior forecast of $0.33. SunTrust Banks has a “Hold” rating and a $45.00 price objective on the stock.

  • [By Joseph Griffin]

    ProChain (CURRENCY:PRA) traded 16.3% higher against the U.S. dollar during the 1 day period ending at 13:00 PM Eastern on September 3rd. During the last seven days, ProChain has traded 37.6% higher against the U.S. dollar. ProChain has a total market cap of $6.98 million and approximately $4.72 million worth of ProChain was traded on exchanges in the last 24 hours. One ProChain token can now be bought for about $0.14 or 0.00001940 BTC on exchanges including FCoin, Bit-Z, OKEx and Bibox.

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