Top 5 Financial Companies To Watch In Right Now
In a pattern we’ve seen a lot lately, the Dow Jones Industrials (DJINDICES: ^DJI ) has rebounded from early-session losses to head toward new record highs. Hearing relatively benign comments from St. Louis Federal Reserve President James Bullard on the need to continue the current round of quantitative easing, investors felt more comfortable getting back into stocks, and by 12:50 p.m. EDT the Dow was up by 46 points, or 0.3%, while the S&P 500 was up 0.18%.
But a few Dow stocks didn’t join in the bullish party. Travelers (NYSE: TRV ) has posted the largest decline, falling more than 2%. In the wake of the tornado that devastated an Oklahoma City suburb yesterday, Travelers and other property and casualty insurance companies will be tallying the financial damage. With past events elsewhere causing substantial losses to property, the Oklahoma tornado will likely spell the end of a nice respite from major catastrophic claims that Travelers has enjoyed over the past several months.
Top 5 Financial Companies To Watch In Right Now: Western Asset Global High Income Fund Inc (EHI)
Western Asset Global High Income Fund, Inc is a closed-ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. The fund is also co-managed by Western Asset Management Company, Western Asset Management Company Limited, and Western Asset Management Company Pte. Ltd. It invests in the fixed income markets across the globe. The fund invests in undervalued bonds of companies operating across diversified sectors. It seeks to invest in a portfolio of below investment grade fixed income securities, emerging market fixed income securities and investment grade fixed income securities. The fund employs quantitative analysis to build its portfolio. It invests in fixed income securities with an average credit quality of BB as per S&P and an average duration of 3.8 years. The fund benchmarks the performance of its portfolio against the Barclays Capital U.S. Aggregate Index, the Barclays Capital U.S. Corporate High Yield 2% Issuer Cap Index, and the JPMorgan Emerging Markets Bond Index Global. It was formerly known as Salomon Brothers Global High Income Fund Inc. Western Asset Global High Income Fund, Inc was formed on July 28, 2003 and is domiciled in the United States.
Top 5 Financial Companies To Watch In Right Now: Prudential Corp(PRU.L)
Prudential plc, together with its subsidiaries, provides retail financial products and services, and asset management services to individuals and businesses in Asia, the United States, and the United Kingdom. It offers life insurance, health and protection products, and mutual funds, as well as selected personal lines property and casualty insurance, group insurance, institutional fund management, and consumer finance. The company has distribution relationships with approximately 75 institutions in Asia; and distributes its insurance products primarily through an agency sales force together with selected banks, and mutual funds through banks and brokers. It also offers fixed annuities, variable annuities, life insurance, managed accounts, and investment products, as well as institutional products, including guaranteed investment contracts, medium term note funding agreements, and funding agreements through independent insurance agents; independent broker-dealers; regional broker-dealers; wirehouses; registered investment advisers; a small captive agency channel, consisting of approximately 100 life insurance agents; and banks, credit unions, and other financial institutions. In addition, it provides retail financial products and services, including long-term insurance, asset accumulation and retirement income products, retail investment and unit trust products, and fund management services through financial advisers, partnership agreements with banks and other financial institutions, and direct marketing. The company was founded in 1848 and is based in London, the United Kingdom.
Top 5 Energy Stocks To Invest In 2014: Great Portland Est(GPOR.L)
Great Portland Estates plc, through its subsidiaries, operates as a real estate investment trust (REIT). It develops freehold and leasehold, residential, retail, and office properties in London. The company has elected to be treated as a REIT under the Internal Revenue Code and would not be subject to federal income tax, provided it distributes approximately 90% of its taxable income to its shareholders. Great Portland Estates plc is based in London, the United Kingdom.
Top 5 Financial Companies To Watch In Right Now: Mckay Secs(MCKS.L)
McKay Securities PLC, a commercial property investment company, engages in the development and refurbishment of buildings in central London and the southeast of England. The company?s portfolio consists of office, industrial, retail, and residential properties. As of March 31, 2008, its property portfolio comprised 38 properties. The company was founded in 1946 and is based in Reading, the United Kingdom.
Top 5 Financial Companies To Watch In Right Now: Indiana Community Bancorp(INCB)
Indiana Community Bancorp operates as the holding company for Indiana Bank and Trust Company that provides consumer and commercial community banking services in Indiana. Its deposit products include savings accounts, checking accounts, certificates of deposit, NOW accounts, individual retirement accounts, health savings accounts, and commercial demand deposit accounts. The company?s loan portfolio comprises residential and commercial real estate loans; commercial loans; construction loans; and consumer loans, which consist of second mortgage and home equity loans, mobile home loans, automobile loans, loans secured by savings accounts, and other consumer loans. It also offers debit cards, credit cards, and trust services. As of April 26, 2011, the company operated 20 branch offices in central and southeastern Indiana. Indiana Community Bancorp was founded in 1908 and is based in Columbus, Indiana.
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