According to the New York Times, the settlement, if finalized, would still allow federal prosecutors to pursue a criminal inquiry of the bank and JPMorgan would have to cooperate with any criminal investigations of former employees who helped create the mortgage investments.
Deal: JPMorgan Chase, Justice Department near settlement
If finalized, the settlement would be the government's biggest and highest-profile enforcement action in the aftermath of the 2008 financial crisis.
It's a major win for the Justice Department, "particularly since the deal only applies to the civil case. It also brings to account a major Wall Street player for the market crisis, something enforcement officials and the public have been looking for," says Thomas Gorman, a partner at Dorsey Whitney law firm.
Top 5 Integrated Utility Companies To Buy Right Now: SPDR S&P Dividend ETF (SDY)
SPDR S&P Dividend ETF (the Fund) seeks to replicate the price and yield of the S&P High Yield Dividend Aristocrats Index (the Index). The Index is designed to measure the performance of 50 highest dividend yielding S&P Composite 1500 constituents that have followed a managed-dividends policy of consistently increasing dividends every year for at least 25 years. These stocks have both capital growth and dividend income characteristics.
The Fund utilizes a passive or indexing approach and attempts to approximate the investment performance of its benchmark index, by investing in a portfolio of stocks intended to replicate the Index. SSgA Funds Management, Inc. acts as the Adviser of the Fund.
Advisors' Opinion:- [By Todd Rosenbluth, Senior Director, S&P Capital IQ]
The SPDR S&P Dividend ETF (SDY) is the largest of the four. It owns companies that have increased dividends every year for at least 20 years. Its portfolio has 83 individual stocks with a median market capitalization of $13 billion.
- [By John Maxfield]
And, more specifically, gradually anchor your portfolio in a broadly based dividend ETF using dollar-cost averaging (buying an equal and predetermined dollar amount every month, quarter, or year). Perhaps the best in this regard -- and the one dividend stock you should own -- is the SPDR S&P Dividend ETF (NYSEMKT: SDY ) , which tracks the S&P High Yield Dividend Aristocrats Index. To be a dividend aristocrat, a company must be one of the 50 highest-yielding constituents on the S&P Composite 1500 Index and have increased its quarterly distribution every year for the past quarter-century.
- [By J. Royden Ward, Analyst, Cabot Heritage Corporation]
Meanwhile, the SPDR S&P Dividend ETF (SDY) holds all the companies in the S&P 1500 Index that have raised their dividends every year for the past 20 years.
Hot Financial Stocks To Invest In Right Now: Octagon 88 Resources Inc (OCTX)
Octagon 88 Resources, Inc., incorporated on June 9, 2008, is a development-stage oil and gas company. The Company has acquired light and conventional heavy oil assets in Northern Alberta. On Jan 22, 2013, the Company launched the Conventional Oil Production Division by entering into a purchase agreement to acquire its share in the Red Earth Area, which consists of four contiguous sections of P&NG leases, a ( 40 API) Keg River formation with P3 reserves of 1.2 Mill barrels light sweet crude oil recoverable.
On December 24, 2012, the Company acquired a 22% interest of CEC North Star Energy Ltd. (North Star). On January 23, 2013, the Company acquired a 10% interest in North Star.
Advisors' Opinion:- [By Jonathan Yates]
It will also be bullish for publicly traded companies in each sector, ranging from prominent blue chips like Exxon Mobil (NYSE: XOM) and Goldcorp (NYSE: GG) to promising small caps like Octagon 88 (OTC: OCTX) and Wishbone Gold PLC (OTC: WISHY).
Hot Financial Stocks To Invest In Right Now: Sector Spdr Trust Sbi (XLI)
Industrial Select Sector SPDR Fund (the Fund) seeks to provide investment results that correspond to the price and yield performance of the Industrial Select Sector of the S&P 500 Index (the Index). The Index includes companies from industries, such as aerospace and defense, building products, construction and engineering, electrical equipment, conglomerates, machinery, commercial services and supplies.
The Fund utilizes a passive or indexing investment approach to invest in a portfolio of stocks that seek to replicate the Index. The Fund�� investment advisor is SSgA Funds Management, Inc.
Advisors' Opinion:- [By L.A. Little]
That leaves just the S&P 500 as the lone survivor of the slow meltdown, yet if one looks to the sectors that comprise the S&P 500, you would be hard pressed to find anything that looks able to push it higher. Of the three major sectors, the Industrial sector (XLI) �has come off the highs with volume expansion; has failed to regenerate higher; and has its own set of twin swing-point lows clustered just below current price.
- [By Ben Levisohn]
The selling today has being driven by the industrial sector–the Industrial Select Sector SPDR (XLI) has dropped 1.5% to $45.79–and defense stocks are getting hammered. Textron (TXT) has fallen 3% to $26.82, while Northrop Grumman (NOC) has declined 2.5% to $92.82. Not a surprise as reports of government contracts being held up and orders delayed make the rounds.
- [By Selena Maranjian]
Exchange-traded funds offer a convenient way to invest in sectors or niches that interest you. If you'd like to add some industrial stocks to your portfolio, the Industrial Select Sector SPDR ETF (NYSEMKT: XLI ) could save you a lot of trouble. Instead of trying to figure out which companies will perform best, you can use this ETF to invest in lots of them simultaneously.
The basics
ETFs often sport lower expense ratios than their mutual fund cousins. The SPDR ETF's expense ratio -- its annual fee -- is a very low 0.18%, and it recently yielded about 2%.
This ETF has performed well, outstripping the world market over the past three, five, and 10 years. As with most investments, of course, we can't expect outstanding performances in every quarter or year. Investors with conviction need to wait for their holdings to deliver.
Hot Financial Stocks To Invest In Right Now: China Citic Bank Corp Ltd (CHCJY)
CHINA CITIC BANK CORPORATION LIMITED is a commercial bank. The Bank operates its businesses primarily through retailing banking, including band card services, saving, personal loan, wealth management, credit card, banking services, private banking, financial services of traveling abroad and electronic banking services; corporate banking, including financial organization services, international business, investment banking, supply chain financing, account settlement, financing services for small enterprises, trading services, cash management, asset management, international settlement and trade financing, among others, as well as capital market business, including foreign exchange business, bond business, trading of financing and derivative products, financial service platform and financial solutions. Advisors' Opinion:- [By MARKETWATCH]
HONG KONG (MarketWatch) -- Hong Kong stocks opened lower Tuesday, after China's central bank reportedly drained 48 billion yuan ($7.9 billion) from the money market on Tuesday through bond-repurchase agreements. The Hang Seng Index (HK:HSI) moved lower by 0.3%. Banks retreated, as China Merchants Bank Co., (HK:3968) (CIHHF) declined 2.2%, Bank of Communications Co. (HK:3328) (BKFCF) fell 1.6%, China Minsheng Banking Corp. (HK:1988) (CMAKY) lost 1.4%, and China Citic Bank Corporation (HK:998) (CHCJY) dropped 1.2%. China's Dongfeng Motor Group Co. (HK:489) , currently in negotiations to buy a stake in PSA Peugeot Citroen, suspended trading of its H-shares in Hong Kong markets. The state-owned car maker didn't clarify the reason in the announcement. On Monday, the company said in a filing that its commercial-vehicle unit has been served with a request for arbitration by a Brazilian firm, which is seeking damages of approximately 1.67 billion Brazilian reals ($700 million) for Dongfeng's failure to establish a joint venture with the firm. On the mainland, the Shanghai Composite Index (CN:SHCOMP) gave up 0.5% to 2,125.54.
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