Zions Bancorp's (NASDAQ: ZION) first quarter earnings of $0.48 per share�were good enough to push the stock up just over 2% in early trading this morning, but that earnings tally is in the past. What's really important about Zions' release was what it says about the future, and I think that investors have three reasons it is now an even better buy than it was before.
1. Continued asset quality improvement
At the end of the fourth quarter, nonperforming lending-related assets were $745.6 million, accounting for just under 2% of total loans and leases on the balance sheet. Both of these numbers declined again during the first quarter, with total nonperforming lending-related assets down 8% to $684 million, or 1.8% of total loans and leases. Lending activity during the quarter also helped to improve the nonperforming loan ratio, with total loans and leases increasing a�increasing a modest $148 million.
Top Quality Companies To Own In Right Now: (COTE)
Coates International, Ltd. engages in the development of Coates spherical rotary valve (CSRV) system technology for use in piston-driven internal combustion engines. The CSRV system technology is designed to replace the intake and exhaust conventional poppet valves used in various piston-driven stationary, automotive, truck, motorcycle, marine, and electric power generator engines. The CSRV system technology is used in various applications, including engines for electric generators for home use, industrial complexes, and grid installations; and engines to power motorcycles, automobiles, light trucks, heavy trucks, machinery, railroads, marine engines, military equipment, light aircraft, helicopters, lawn mowers, snowmobiles, and jet skis. The company holds the licensing rights for the CSRV system technology in North America, Central America, and South America. Coates International, Ltd. was founded in 1988 and is based in Wall Township, New Jersey.
Advisors' Opinion:- [By Dug]
Coates International Ltd. (OTC: COTE)is up 4.65% to $0.225 on volume of over 206K shares. It has a 52-week range of $0.10 – $0.40. (OTC:COTE), (COTE)
Top Quality Companies To Own In Right Now: Putnam High Income Bond Fund(PCF)
Putnam High Income Securities Fund is a closed-ended fixed income mutual fund launched and managed by Putnam Investment Management, LLC. The fund is co-managed by Putnam Investments Limited (U.K.). It invests in the fixed income markets of the United States. The fund seeks to invest in high yield convertible securities. For its fixed income portfolio, it looks for convertible, high yield, lower rated securities to make its investments. The fund benchmarks the performance of its portfolio against the Merrill Lynch All-Convert. Speculative Index and JP Morgan Dev. High yield Index. It was formerly known as Putnam High Income Bond Fund. Putnam High Income Securities Fund was formed on July 9, 1987 and is domiciled in the United States.
Hot Up And Coming Stocks To Own For 2014: Grupo TMM S.A.(TMM)
Grupo TMM, S.A.B., together with its subsidiaries, operates as an integrated logistics and transportation company in Mexico. The company offers maritime transportation services, including offshore vessels, which offer transportation and other services to the Mexican offshore oil industry; tankers that transport petroleum products in Mexican waters; parcel tankers, which transport liquid chemical and vegetable oil cargos from and to the United States and Mexico; and tugboats that provide towing services at the port of Manzanillo, Mexico. It operates a fleet of 46 vessels, which comprise product and chemical tankers, harbor tugs, and various offshore supply vessels. The company also operates two Mexican port facilities, Tuxpan and Acapulco, as well as provides port agent services to vessel owners and operators in the Mexican ports. Its logistics business provides trucking services to manufacturers consisting of automobile plants, and retailers, as well as offers logistical f acilities in industrial cities and railroad hubs in Aguascalientes, Toluca, Puebla, Veracruz, Nuevo Laredo, Cuernavaca, Mexico City, Monterrey, Manzanillo, Ensenada, and Altamira. The company's logistics services include consulting, analytical, and logistics outsourcing; logistics network analysis; logistics information process design; trucking, intermodal transport, and auto haulage services; warehousing and bonded warehousing facility management; supply chain and logistics management; product handling and repackaging; local pre-assembly; maintaining and repairing containers; and inbound and outbound distribution using truck transport. Grupo TMM was founded in 1955 and in headquartered in Mexico City, Mexico.
Top Quality Companies To Own In Right Now: Solomon Resources Limited (SRB.V)
Solomon Resources Limited, an exploration stage company, engages in the acquisition, exploration, and development of mineral properties worldwide. The company primarily focuses on tin, niobium, tantalum, and tungsten projects in equatorial Africa. Its projects include the Rurembo tin project in the Republic of Rwanda; the Rosie gold project in the Ruby Ranges of southwest Yukon, and the Pacer gold-copper-nickel-platinum-palladium project and the Outpost gold-copper-nickel-platinum-palladium project in the Kluane Front Ranges of southwest Yukon in Canada; and the Sleitat Mountain tin project in Alaska. Solomon Resources Limited was incorporated in 1989 and is headquartered in Vernon, Canada.
Top Quality Companies To Own In Right Now: Metal Storm Ltd(MST.AX)
Metal Storm Limited, a defense technology company, engages in the development, production, and sale of projectile launching systems through its electronically initiated stacked projectile technology in Australia and the United States. Its products include 3 shot semi automatic modular grenade launchers; FireStorm, a lightweight multi barrel 40mm electronic weapon system; multi-shot accessory underbarrel launcher, a lightweight semi automatic shotgun for military and law enforcement users; Redback, a lightweight multi barrel remotely operated weapons system; low velocity munitions; and component weapon systems. The company also provides research and development services to develop solutions for government agencies, universities, military and aerospace companies, and commercial companies; and consulting services for the application of its technology to various platforms. Metal Storm Limited was founded in 1994 and is headquartered in Brisbane, Australia.
Top Quality Companies To Own In Right Now: Beasley Broadcast Group Inc.(BBGI)
Beasley Broadcast Group, Inc., a radio broadcasting company, primarily engages in the operation of radio stations in the United States. The company sells commercial advertising airtime to local and national advertisers. It owns and operates 42 radio stations in various markets, including Atlanta and Augusta in Georgia; Boston, Massachusetts; Fort Myers-Naples, Miami-Fort Lauderdale, and West Palm Beach-Boca Raton in Florida; Fayetteville and Greenville-New Bern-Jacksonville in North Carolina; Las Vegas, Nevada; Philadelphia, Pennsylvania; and Wilmington, Delaware. The company also operates one radio station in the expanded AM band in Augusta, Georgia. In addition, it provides management services to two FM stations in Las Vegas, Nevada. Beasley Broadcast Group was founded in 1961 and is based in Naples, Florida.
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