I'm quite frankly baffled by the amount of negative press LINN Energy (NASDAQ: LINE ) has generated this year. The one-two punch of negative research reports followed up by equally negative articles published by Barron's have been a recurring theme all year. I'm sure it is causing many investors to lose both patience and faith in the company. It's a shame, because it's causing undue harm to investors, many of whom have been holding for a long time.
I should know, I've been holding units for almost as long as the company has been public. Over that time I have been paid a distribution every single quarter and my last distribution payment was about 30% higher per unit than my first distribution payment. It's almost funny now that most of the negative research is figuratively pounding the table that the company will cut that distribution. This is the same company that maintained it through the financial crisis while many other dividends and distributions across all other industries were cut.
Top Financial Companies To Buy For 2014: KeyCorp (KEY)
KeyCorp is a bank holding company for KeyBank National Association (KeyBank). Through KeyBank and certain other subsidiaries, the Company provides a range of retail and commercial banking, commercial leasing, investment management, consumer finance and investment banking products and services to individual, corporate and institutional clients through two business segments: Key Community Bank and Key Corporate Bank. As of December 31, 2011, these services were provided through KeyBank�� 1,058 full-service retail banking branches in 14 states, additional offices, a telephone banking call center services group and a network of 1,579 automated teller machines (ATMs) in 15 states. On January 17, 2012, the Company opened another national bank subsidiary.
In addition to the banking services of accepting deposits and making loans, the Bank and trust company subsidiaries offer personal and corporate trust services, personal financial services, access to mutual funds, cash management services, investment banking and capital markets products, and international banking services. Through its bank, trust company and investment adviser subsidiaries, the Company provides investment management services to clients that include corporate and public retirement plans, foundations and endowments, individuals and trust funds. The Company provides other financial services - both within and outside of its primary banking markets - through various nonbank subsidiaries. These services include community development financing, securities underwriting and brokerage. It is also an equity participant in a joint venture that provides merchant services to businesses.
Lending Activities
As of December 31, 2011, the Company�� Commercial, Financial and Agricultural loans, also referred to as Commercial and Industrial, represented 39% of its total loan portfolio. As of December 31, 2011, commercial real estate loans represented approximately 19% of its total loan portfolio. These loans include bo! th owner and nonowner-occupied properties and constitute approximately 27% of its commercial loan portfolio. Its commercial real estate lending business is conducted through two primary sources: its 14-state banking franchise, and Real Estate Capital and Corporate Banking Services. The Company conducts financing arrangements through its equipment finance line of business. Commercial lease financing receivables represented 17% of commercial loans at December 31, 2011. The home equity portfolio is the largest segment of its consumer loan portfolio.
Investment Activities
The Company�� securities portfolio totaled $18 billion at December 31, 2011. Available-for-sale securities were $16 billion at December 31, 2011. Held-to-maturity securities were $2.1 billion at December 31, 2011. At December 31, 2011, it had $2.1 billion in collateralized mortgage obligations (CMOs) in its held-to-maturity securities portfolio. At December 31, 2011, the Company had $15.9 billion invested in CMOs and other mortgage-backed securities in the available-for-sale portfolio. Federal Agency CMOs constitute most of its held-to-maturity securities along with foreign bonds and preferred equity securities. The investments in equity and mezzanine instruments made by its principal investing unit represented 61% of other investments at December 31, 2011. They include direct investments (investments made in a particular company), as well as indirect investments (investments made through funds that include other investors).
Sources of Funds
Domestic deposits are the Company�� primary source of funding. During the year ended December 31, 2011, these deposits averaged $58.5 billion and represented 80% of the funds it used to support loans and other earning assets. Wholesale funds, consisting of deposits in its foreign office and short-term borrowings, averaged $3.4 billion during 2011. At December 31, 2011, the Company had $4.7 billion in time deposits of $100,000 or more.
Advisors' Opinion:- [By Jay Jenkins]
Huntington, and other regional banks like KeyCorp (NYSE: KEY ) and Regions Financial (NYSE: RF ) , are staying out of the headlines, bringing strong products to the market, and as a result, winning new business. In the video below, Motley Fool contributor Jay Jenkins highlights Huntington as an industry leader in customer-focused banking.
- [By Amanda Alix]
Mortgages down, but commercial loans are up
Like its peer Huntington Bancshares� (NASDAQ: HBAN ) , New York Community saw a slowdown in residential mortgage refinancing�activity due to higher interest rates. But, like Huntington and KeyCorp (NYSE: KEY ) , the bank was able to improve in other areas. New York Community enjoyed higher mortgage servicing income�in the second quarter, for example -- an area in which KeyCorp is also expanding, having recently acquired $110 billion in commercial loan servicing rights�from Bank of America (NYSE: BAC ) earlier this year. - [By David Hanson and Matt Koppenheffer]
In this segment of The Motley Fool's everything-financials show,�Where the Money Is, banking analysts Matt Koppenheffer and David Hanson tell investors what they will be watching when PNC Financial Services (NYSE: PNC ) , Huntington Bancshares (NASDAQ: HBAN ) , and KeyCorp� (NYSE: KEY ) �report earnings this week
- [By Jon C. Ogg]
KeyCorp (NYSE: KEY) was raised to Outperform from Neutral at Credit Suisse.
Oasis Petroleum Inc. (NYSE: OAS) was raised to Buy from Hold with a $55 price target at Deutsche Bank and was raised to Buy from Neutral with a $53 price target at SunTrust.
Top Financial Companies To Buy For 2014: Bk Of Montreal Com Npv (BMO.TO)
Bank of Montreal, together with its subsidiaries, provides various retail banking, wealth management, and investment banking products and services in North America and internationally. It offers personal banking products and services, including deposit and investment services, mortgages, consumer credit, loans, credit cards, financial planning, insurance, and other banking services to individuals, and small and mid-sized businesses; and commercial banking products and services comprising specialized banking, business accounts and plans, credit cards, business loans and commercial mortgages, cash management, investing, foreign exchange, and financial advisory to small business, medium-sized enterprise, and mid-market banking clients. The company also provides capital raising, investing, advisory, treasury, and research services to corporate, institutional, and government clients; and wealth management products and solutions, including insurance products for mainstream, ultr a-high net worth, and institutional client segments. As of October 31, 2012, it maintained approximately 1,570 bank branches in Canada and the United States. The company was founded in 1817 and is headquartered in Montreal, Canada.
Best Warren Buffett Companies To Own In Right Now: United Overseas Insurance Ltd (U13.SI)
United Overseas Insurance Limited engages in the underwriting of general insurance and reinsurance in Singapore, ASEAN countries, and internationally. The company offers personal insurance products that include travel, personal accident, home protection, foreign domestic worker, and motor insurance products. It also provides risk management solutions for the protection of business assets, including fire and extra perils, business interruption, machinery/equipment, burglary and theft, money, fidelity guarantee, plate glass, public liability, work injury compensation, group personal accident, and marine cargo insurance. In addition, United Overseas Insurance offers directors� and officers� insurance, and contractors� all risks/erection all risks insurance; and provides Takaful, a financial assurance to address misfortunes, accidents, or disasters. The company was founded in 1971 and is based in Singapore. United Overseas Insurance Limited is a subsidiary of United Oversea s Bank Limited.
Top Financial Companies To Buy For 2014: Yoma Strategic Holdings Ltd (Z59.SI)
Yoma Strategic Holdings Ltd., an investment holding company, engages in the development and management of properties, and sale of land development rights and houses in Singapore, Myanmar, and the People�s Republic of China. It is also involved in agricultural activities, such as the managing and marketing produce from a 100,000 acre Jatropha Curcas and black pepper plantation located in the Ayerwaddy Division of Myanmar; and automobile dealership business, as well as provision of construction related services. In addition, the company provides project management services; property management; and architectural and design services. The company�s development properties portfolio includes apartments, condominiums, private residential properties, houses, and townhouses. Yoma Strategic Holdings Ltd. is based in Singapore.
Top Financial Companies To Buy For 2014: Blackrock Health Sciences Trust (BME)
BlackRock Health Sciences 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. The fund invests in the stocks of companies operating in the healthcare sector which includes businesses involved in researching, developing, producing, distributing or delivering medical, dental, optical, pharmaceutical or biotechnology products, supplies, equipment or services or that provide support services to these companies. It benchmarks the performance of its portfolio against the Russell 3000 Healthcare Index. BlackRock Health Sciences Trust was formed on March 31, 2005 and is domiciled in the United States.
Top Financial Companies To Buy For 2014: BRITANNIC GROUP gbp0.05(RSL.L)
Resolution Limited engages in life assurance business in the United Kingdom and internationally. It offers various protection products, including life cover, critical illness cover, income protection, and business protection. The company also provides investment and savings consisting of wealth solutions bond, a lump sum investment with a wide choice of funds; and protected investment portfolio bond that allows investing in a range of funds, as well as offers a guaranteed minimum payment on death. In addition, it provides individual personal pension, individual stakeholder pension, and online stakeholder pension that offer a tax efficient way of saving for retirement; and corporate pensions. Further, the company offers various solutions for inheritance tax planning, such as making a will, making gifts, and trusts; and annuities. Additionally, it provides life assurance-based tax and estate planning solutions for high and ultra-high net worth individuals. The company offers its products through employee benefit consultants, consulting actuaries, independent financial advisers or distribution agreements, strategic partnerships, and relationships with private banks and specialist advisors. The company was founded in 1832 and is based in St Peter Port, the Channel Islands.
Top Financial Companies To Buy For 2014: Texas Pacific Land Trust(TPL)
Texas Pacific Land Trust engages in the sale, lease, and management of land in the United States. It also retains oil and gas royalties, and involves in temporary cash investments. The company leases land to the ranching industry for grazing purposes. As of March 31, 2011, it owned surface rights in 949,355 acres of land in 20 counties in Texas; and 318 town lots in Loraine. The company also owned a 1/128 nonparticipating perpetual oil and gas royalty interest under 85,414 acres of land; and a 1/16 nonparticipating perpetual oil and gas royalty interest under 386,988 acres of land in the western part of Texas. Texas Pacific Land Trust was founded in 1888 and is based in Dallas, Texas.
Top Financial Companies To Buy For 2014: Ohio Valley Banc Corp.(OVBC)
Ohio Valley Banc Corp. operates as the holding company for The Ohio Valley Bank Company that provides commercial and consumer banking products and services in central and southeastern Ohio and western West Virginia. It accepts various deposit products that include checking, savings, time, and money market accounts; individual retirement accounts; and demand deposits, NOW accounts, and certificates of deposit. The company?s loan portfolio comprises residential real estate loans that include one- to four-family residential mortgages; commercial loans secured by equipment, inventory, stock, commercial real estate, and rental property; consumer loans secured by automobiles, mobile homes, recreational vehicles, and other personal property; personal loans; and floor plan and student loans. It also provides safe deposit boxes, wire transfers, credit card services, automated telephone banking systems, and Internet banking services; financial management online services, such as ca sh management and news updates related to repossession auctions, current rates, and general bank news; property and casualty insurance coverage services; and seasonal tax refund loan services. The company has 15 offices located in Ohio and West Virginia. The company was founded in 1872 and is based in Gallipolis, Ohio.
No comments:
Post a Comment