Bank of America (NYSE: BAC ) is scheduled to release its quarterly earnings report tomorrow, and with its report coming on the heels of similar announcements from many of its banking peers, B of A needs to demonstrate its ability to keep up with its rivals. As the best-performing stock in the Dow Jones Industrials (DJINDICES: ^DJI ) last year, B of A has already given investors high expectations for its future.
In many ways, though, B of A has had an easy environment in which to recover. With rising interest rates looking to hamper its mortgage business, the bank may not have as easy a time growing its earnings in the future. Let's take an early look at what's been happening with Bank of America over the past quarter and what we're likely to see in its quarterly report.
Stats on Bank of America
Analyst EPS Estimate
$0.25
Top 10 Performing Companies To Watch In Right Now: Axmin Inc. (AXM.V)
AXMIN Inc. engages in the exploration and development of mineral properties primarily in central and west Africa. It primarily explores for gold, copper, nickel, and cobalt ores. The company�s principal asset includes the Passendro gold project comprising 2 exploration licenses covering approximately 1,240 square kilometers located in the northwest trending Archaean Bambari-Bandas granite-greenstone belt. It also holds interests in exploration projects located in the Central African Republic, Mozambique, and Senegal. AXMIN Inc. is headquartered in Toronto, Canada.
Top 10 Performing Companies To Watch In Right Now: Great West Lifeco Com Npv (GWO.TO)
Great-West Lifeco Inc., a financial services holding company, operates in the life insurance, health insurance, retirement savings, investment management, and reinsurance businesses in Canada, the United States, Europe, and Asia. It offers financial and benefit plan solutions, such as investment, savings, and retirement income plans, as well as life, disability, and health insurance for individuals and families; life, healthcare, critical illness, disability and wellness, and international benefits plans, as well as group retirement and savings plans, and online services for businesses and organizations; and life, annuity, and property and casualty reinsurance products. The company also provides financial security advice and planning services; creditor insurance for mortgages, loans, credit cards, lines of credit, and leases; and insurance and wealth management products and services, such as payout annuities, investments, group insurance, savings and individual insurance, pension products, fund-based pensions, and critical illness insurance. In addition, it offers employer-sponsored retirement savings plans and private-label record-keeping and administrative services; and money management services comprising various equity, fixed-income, asset allocation, and absolute return products, as well as other related services, including transfer agency, distribution, shareholder, trustee, and other fiduciary services to individual and institutional investors. Great-West Lifeco Inc markets its products and services through direct sales force, brokers, advisors, consultants, third-party administrators, financial institutions, discount brokers, managing general agencies, financial security advisors, financial institutions, automobile dealerships, other lending institutions, and a network of independent agencies. The company was founded in 1891 and is based in Winnipeg, Canada. Great-West Lifeco Inc. operates as a subsidiary of Power Financial Corporati on.
Top Low Price Stocks To Invest In 2014: Beacon Federal Bancorp Inc.(BFED)
Beacon Federal Bancorp, Inc. operates as the bank holding company for Beacon Federal that provides various banking services. The company?s deposit products include savings accounts, health savings accounts, certificates of deposit, interest and noninterest-bearing checking accounts accounts, money market accounts, and individual retirement accounts. Its loan products portfolio comprises one-to four-family residential mortgage loans, consumer loans, home equity loans, commercial real estate loans, multi-family mortgage loans, and commercial business loans. The company also sells tax preparation services, as well as investment and insurance products on an agency basis. It operates from its corporate office located in East Syracuse, New York; and from eight full-service branches located in Syracuse, Marcy, and Rome, New York; Smartt and Smyrna, Tennessee; Tyler, Texas; and Chelmsford, Massachusetts. The company was founded in 1953 and is headquartered in East Syracuse, New Y ork.
Top 10 Performing Companies To Watch In Right Now: China Essence Group Ltd. (G54.SI)
China Essence Group Ltd. engages in the manufacture, marketing, and sale of potato-based food products in the People�s Republic of China. The company provides potato starch for food processing and catering, pharmaceuticals, and oil and mining industries, as well as for manufacturing paper, adhesives, textiles, and building materials; potato starch-based products, including starch strips, vermicelli, and five-grain noodles; and modified potato starch for textile, paper, adhesives, oil and mining, food, pharmaceutical and personal care, and cosmetics industries. It also offers potato by-products comprising potato protein, an additive for a range of food applications, such as animal feed, dairy products, seafood, processed meat, sauces, beverages, and snacks; and potato fibre, a animal feed product. The company markets its products through a network of distributors, as well as sells directly to food and noodle manufacturers and farmers. China Essence Group Ltd. was founded i n 2001 and is headquartered in Beijing, the People�s Republic of China.
Top 10 Performing Companies To Watch In Right Now: Wind Hydrogen Ltd(WHN.AX)
WHL Energy Limited, together with its subsidiary SEYCO Energy Pty Ltd, holds interests in a petroleum exploration asset in the Republic of the Seychelles, renewable energy projects and prospects in Europe, and onshore oil and gas producing and exploration holdings in the United States. It primarily holds 96% interest in 35 oil and gas exploration blocks covering 20,700 square kilometres off the southern coast of the Seychelles. The company also holds a patent for hydrogen-based technology that is complementary to wind power generation. The company was formerly known as Wind Hydrogen Limited and changed its name to WHL Energy Limited in June 2008. WHL Energy Limited was founded in 1994 and is based in West Perth, Australia.
Top 10 Performing Companies To Watch In Right Now: Wee Hur Holdings Ltd. (E3B.SI)
Wee Hur Holdings Ltd., an investment holding company, engages in the construction and property development businesses in Singapore. The company offers various construction services, including new construction, additions and alterations of existing buildings, refurbishment and upgrading of existing buildings, and restoration and conservation of heritage buildings to customers. Its projects comprise residential projects, such as condominiums, apartment buildings, landed housing, and public housing; commercial projects, which include office buildings, hotels and shopping complexes; institutional projects comprising schools, tertiary institutions, community clubs, and hospitals; industrial projects consisting of factories and warehouses; religious buildings that include churches and temples; and heritage and conservation buildings. The company is also involved in the property investment and property development activities, such as property related investments, the holding of i nvestments in property related assets, and trading in and the development of property. In addition, it engages in the construction and sale of residential and commercial properties. The company was founded in 1980 and is based in Singapore.
Top 10 Performing Companies To Watch In Right Now: Mercury General Corporation (MCY)
Mercury General Corporation, together with its subsidiaries, engages in writing personal automobile insurance products. The company also writes homeowners, commercial automobile and property, mechanical breakdown, fire, and umbrella insurance products. Its insurance products cover collision, property damage liability, bodily injury liability, comprehensive, personal injury protection, underinsured and uninsured motorist, and other hazards for automobile policy holders. The company sells its policies through a network of independent agents in California, Florida, Georgia, Illinois, Texas, Oklahoma, New York, New Jersey, Virginia, Pennsylvania, Arizona, Nevada, and Michigan. Mercury General Corporation was founded in 1960 and is headquartered in Los Angeles, California.
Advisors' Opinion:- [By Chuck Carnevale] their website:
��ercury General (NYSE-MCY) is the leading independent broker and agency writer of automobile insurance in California and has been one of the fastest growing automobile insurers in the nation. It is ranked as the third largest private passenger automobile insurer in California, with total assets over $4 billion. Mercury also writes automobile insurance in Arizona, Florida, Georgia, Illinois, Michigan, Nevada, New Jersey, New York, Oklahoma, Pennsylvania, Texas and Virginia. In addition to automobile insurance, Mercury writes other lines of insurance in various states, including mechanical breakdown and homeowners insurance.��/p>
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Performance and Dividends Impacted by Operating Stress
It should be clear from the above graphs that the earnings records of these three Dividend Champions have been far from steady, consistent or reliable. Therefore, I cannot get comfortable either recommending them or investing in them because I cannot get comfortable predicting what their future operating results may be. Furthermore, by examining the performance results associated with the above earnings and price-correlated graphs illustrates a lot of uncertainty. A focus on the earnings growth rate column illustrates a lot of stress on each company�� ability to keep their dividend streaks alive (Blue Circles).
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The Overvaluation Rejection
Other reasons besides irregular earnings growth that caused a Dividend Champion to be rejected include one of my all-time favorites, valuation. Or to be more precise ��overvaluation. The following example, McCormick & Co. (MKC), represents one of my favorite Dividend Champions based on a very consistent above-average record of earnings growth that produced its impressive dividend streak. The only reason that this Dividend Champion was rejected was because of current overvaluation.
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- [By Fredrik Arnold]
Ten Champion dogs that promised the biggest dividend yields into July included firms representing five of nine market sectors. The top stocks were three of five from the financial sector: Universal Health Realty Trust (UHT); Mercury General Corp. (MCY); Old Republic Int'l (ORI). The other two financial firms, HCP Inc., and United Bankshares Inc. (UBSI), placed sixth and eighth.
- [By John Udovich]
Auto sales are booming and that�� good news for large cap auto insurer�the Progressive Corporation (NYSE: PGR) along with small cap auto insurers Safety Insurance Group, Inc (NASDAQ: SAFT) and�Mercury General Corporation (NYSE: MCY) as they offer income to yield hungry investors as well as income in the form of dividends. Specifically, a Yahoo! Autos blog recently noted that last month, automakers sold 1.5 million new vehicles for the highest rate in years with�most industry forecasters expecting sales to�return to the level they hit before the 2008 recession of 16 million vehicles a year. The blog post then went on to note the three forces driving auto sales:
Top 10 Performing Companies To Watch In Right Now: Cytori Therapeutics Inc(CYTX)
Cytori Therapeutics, Inc. engages in the development, manufacture, and sale of medical products and devices to enable the practice of regenerative medicine. Regenerative medicines focus on repairing or restoring lost or damaged tissue and cell function. Its principal products include the Celution family of products, which processes patients' adipose-derived stem and regenerative cells (ADRCs) at the point of care. The Celution family of products consists of a central device, a related single-use consumable used for each patient procedure, proprietary enzyme reagents, and related instrumentation. Its core product, the Celution System, provides physicians with clinical grade stem and regenerative cells for use in the cosmetic and reconstructive surgery market. The company also provides PureGraft, a consumable product that provides grafts for use in aesthetic body contouring procedures. In addition, it sells the StemSource family of products worldwide, including in the United States, for research, as well as for the cryopreservation and storage of ADRCs. It offers the StemSource System as a standalone product, or as a part of a comprehensive suite of systems, equipment, and protocols collectively referred to as a StemSource Cell Bank. Further, the company develops Celution System, which has completed two clinical trials for applications in cardiovascular disease, wound healing, gastrointestinal disorders, stress urinary incontinence, liver and renal disease, spinal disc degeneration, and pelvic health conditions. It has strategic development and manufacturing joint venture agreement, and other related agreements with Olympus Corporation. The company was formerly known as MacroPore Biosurgery, Inc. Cytori Therapeutics, Inc. was founded in 1996 and is headquartered in San Diego, California.
Top 10 Performing Companies To Watch In Right Now: Ziwo Holdings Ltd. (I9T.SI)
Ziwo Holdings Ltd., an investment holding company, engages in the research, development, manufacture, and sale of 30D terylene filament yarn, sandwich mesh fabric, styrene butadiene rubber (SBR), and other foamed materials primarily in the People�s Republic of China. It also offers foamed SBR, foamed ethylene vinyl acetate, and high foamed polyethylene, which are primarily used as raw materials in the production of sportswear and sports accessories, bags and luggage, furniture upholstery, automobile interior lining, and other lifestyle consumer products. In addition, the company is involved in the trade of foamed materials, textiles, sports and sports accessories, garments, and footwear. It sells its products to approximately 600 customers through a sales and marketing network in Fujian, Guangdong, Shandong, and Zhejiang Provinces, as well as in Shanghai and Tianjin municipalities. The company was founded in 2003 and is based in Quanzhou, the People�s Republic of China. Ziwo Holdings Ltd. is a subsidiary of Sky Upright Holdings Limited.
Top 10 Performing Companies To Watch In Right Now: Highbank Resources Ltd. (HBK.V)
Highbank Resources Ltd., an exploration stage company, engages in the acquisition, exploration, and development of mineral properties primarily in Canada and Ireland. It primarily explores copper and molybdenum mineral properties. The company owns a 100% interest in the Murvey and Mace molybdenum prospecting licenses located in the County of Galway, Ireland; and a 100% interest in the Swamp Point Gravel deposit located in British Columbia. It also holds an option to acquire a 50% interest in the Highland Valley property in the Highland Valley copper porphyry district, British Columbia. Highbank Resources Ltd. is headquartered in Vancouver, Canada.
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