On top of analyzing what I think will be the best 2013 dividend stocks (30 stock analyses in this book), my research over the Holidays led me to create a list of 96 US dividend stocks. This exhaustive list has been created based on specific metrics. I’m using dividend filters described in Dividend Growth Freedom Through Passive Income. These metrics have been proven to combine both dividend and capital growth [...]
1) Only in America, could politicians talk about the greed of the rich at a $35,000.00 a plate campaign fund-raising event.
2) Only in America, could people claim that the government still discriminates against black Americans when they have a black President, a black Attorney General, and roughly 18% of the federal workforce is black while only 12% of the population is black.
3) Only in America, could they have had the [...]
Another day, another story of Chinese corporate profits getting decimated.
This time it’s Baosteel, which is China’s largest steelmaker.
According to Reuters, first half profits fell 53%, and the company says that Q3 is going to be the worst quarter yet.
What we’re seeing again and again is surging costs hammering margins, even when raw material prices have not been particularly bad.
“The chairman of Baosteel’s board of directors, He Wenbo, said at the [...]
Anyone with an investment portfolio is probably familiar with the well-worn phrase “past performance is no guarantee of future results.” Bill Gross goes a step further in his August Investment Outlook, writing that not only should we not expect big returns from equities any time soon, maybe we should never expect them again.
“The cult of equity is dying,” the founder and co-CIO of Pimco begins his monthly commentary, which goes on to [...]
His payout, £11.9m in salary, annual bonus, long-term incentive awards, pensions contribution and other benefits, as well as £5.75m contribution to settle a tax bill incurred by Mr Diamond when he moved from the US to the UK to take charge of the bank last year. In total the package amounts to £17.7m.
His payout before including long-term awards and the tax contribution was only the third highest at the bank [...]
British bank Barclays warned it may miss its medium-term profitability target after it ended 2011 with its worst quarter for three years as the euro zone debt crisis hit bond trading, dragging its annual profit down on the year before.
Sang Tan / AP
A branch of Barclays Bank in central London (AP Photo/Sang Tan)
Chief Executive Bob Diamond set the return on equity target as part of a strategic review just last year.
by Mark Garbin
Banks Must Change – But Not Like You Think
Is there anyone out there who, rationally, likes banks? Yeah, I suppose Dick Bove still likes them but he liked them in 2008 when, in true Kevin Bacon style, he shouted “ALL IS WELL”.
Why do Banks remain such lousy investments?
Is the revenue model fundamentally broken?
Is the capital model fundamentally broken?
Is the risk model fundamentally broken?
Is the compensation model fundamentally broken?
None of [...]
European regulators have turned risk assessment into an insider’s game where the bankers are calling the shots.
By Sheila Bair, contributor
FORTUNE – The European sovereign debt crisis is slowly driving the global economy back into the ditch. Why is this crisis so unresolvable? The answer comes back once again to excess risk taking and leverage in the banking sector. In late October, Europe’s leaders finally persuaded the banksto take a 50% cut on the [...]
LONDON—HSBC Holdings PLC Wednesday said it will cut costs, sell businesses and retreat from retail banking in markets where it doesn’t have scale, as new Chief Executive Stuart Gulliver tries to improve returns in a tougher regulatory and economic environment.
Mr. Gulliver said the bank will review its U.S. credit-cards business and retail network—its remaining toeholds in the country since an ill-fated 2003 purchase there—and [...]
JP Morgan Chase CEO, Jamie Dimon
Jamie Dimon, chief executive officer of JPMorgan Chase & Co., has harsh words for Fannie Mae and Freddie Mac. They are â€œthe biggest disasters of all time,â€ Dimon told the Financial Crisis Inquiry Commission last fall, according to his just-released interview.
Along with others, Dimon greatly exaggerates the role Fannie and Freddie played in the financial crisis, a theme my MIT colleague, Daron Acemoglu, has written [...]