Top 10 Financial Stocks To Invest In Right Now

The idea of myRA, a proposed starter account for retirement savings, received plenty of buzz when it was introduced by President Obama in his State of the Union address.

But the myRA won’t be in place until much later this year. And some little-used retirement savings options are good to use now during tax season. Ever think of dedicating part of your tax refund to buy Series I savings bonds? Or taking a look at a saver’s credit for IRA contributions?

“People should actually use the IRA,” said Alicia H. Munnell, director of the Center for Retirement Research at Boston College. If someone doesn’t have a 401(k) at their workplace, setting up an IRA is a good option.

MORE: Obama unveils new retirement savings plan

Munnell, who sees the myRA as a good idea, said using a tax refund to buy I Bonds is another way to easily set aside money.

Top 10 Financial Stock s To Invest In Right Now: Zions Bancorporation(ZION)

Zions Bancorporation, a multi bank holding company, provides various banking and related products and services in the United States. The company offers community banking services, including small and medium-sized business and corporate banking; commercial and residential development, construction, and term lending; retail banking; treasury cash management and related products and services; residential mortgage; trust and wealth management; and investment activities. It also provides personal banking services to individuals, including home mortgages, bankcard, installment loans, home equity lines of credit, checking accounts, savings accounts, time certificates, safe deposit facilities, direct deposits, and automated teller machine access. In addition, the company offers small business administration lending services; secondary market agricultural real estate mortgage loans; municipal finance advisory and underwriting services; and wealth management and online brokerage ser vices. As of December 31, 2010, Zions Bancorporation offered its banking services through 495 branches in Utah, California, Texas, Arizona, Nevada, Colorado, Idaho, Washington, Oregon, and New Mexico. The company was founded in 1873 and is headquartered in Salt Lake City, Utah.

Advisors’ Opinion:

  • [By Ben Levisohn]

    What a difference a day makes. After plunging yesterday, stocks gained today as investors came to terms with the Federal Reserve’s revised schedule for higher rates, sending shares of Invesco (IVZ), Zions Bancorporation (ZION), JPMorgan Chase (JPM) and Charles Schwab (SCHW) soaring.

  • [By Wallace Witkowski]

    Shares of Zions Bancorp (ZION)  fell 0.8% to $32.72 on moderate volume after it was revealed it was the only bank out of 30 that did not have sufficient Tier 1 capital under a Federal Reserve stress test.

Top 10 Financial Stocks To Invest In Right Now: GEO Group Inc (GEO)

The GEO Group, Inc., incorporated on April 5, 1988, specializes in the ownership, leasing and management of correctional, detention, and re-entry facilities and the provision of community-based services and youth services in the United States, Australia, South Africa, the United Kingdom and Canada. The Company operates in four segments: United States Corrections and Detention segment; GEO Community Services; International Services, and its Facility Construction and Design. The Company’s United States Corrections and Detention segment primarily encompasses its United States-based privatized corrections and detention business. GEO Community Services segment consists of its community based services business, its youth services business and its electronic monitoring and supervision service. International Services segment primarily consists of its privatized corrections and detention operations in South Africa, Australia and the United Kingdom. Facility Construction and Design segment primarily contracts with various states, local and federal agencies for the design and construction of facilities for which the Company generally has been, or expects to be, awarded management contracts. In June 2013, it announced the closing of acquisition of the 1,287-bed Joe Corley Detention Center (the Center) in Montgomery County, Texas.

The Company owns, leases and operates a range of correctional and detention facilities, including maximum, medium and minimum security prisons, immigration detention centers, minimum security detention centers, and community based re-entry facilities. The Company offers counseling, education and /or treatment to inmates with alcohol and drugs abuse problems at most of the domestic facilities the Company manages. The Company is also a provider of compliance technologies, monitoring services, and evidence-based supervision and treatment programs for community-based parolees, probationers and pretrial defendants. On De cember 31, 2012, the Company divested its residential treatm! ent health care facility management contracts, (Residential Treatment Services (RTS)). Effective January 1, 2013, it began operating as a real estate investment trust (REIT). As of December 31, 2012, the Company’s worldwide operations included the management and/or ownership of approximately 73,000 beds at 100 correctional, detention and residential facilities, including idle facilities, and also included the provision of monitoring services, tracking approximately 70,000 offenders on behalf of approximately 900 federal, state and local correctional agencies located in all 50 states. During the year ended December 31, 2012, the Company activated four new or expansion projects representing an aggregate of 2,082 additional beds.

The Company has an exclusive contract with the United States Immigration and Customs Enforcement, which the Company refers to as ICE, to provide supervision and reporting services designed to improves the participation of non-detained alie ns in the immigration court system. The Company develops facilities based on contract awards, using its project development expertise and experience to design, construct and finance. The Company also provides secure transportation services for offender and detainee populations as contracted domestically and in the United Kingdom through its joint venture, GEO Amey PECS Ltd., which the Company refers to as GEOAmey. The Company provides a diversified scope of services on behalf of its government clients. Its correctional and detention management services involve the provision of security, administrative, rehabilitation, education, and food services, primarily at adult male correctional and detention facilities. Its community-based services involve supervision of adult parolees and probationers and the provision of temporary housing, programming, employment assistance and other services with the intention of the successful reintegration of residents into the community. The Comp any’s youth services include residential, detention and sh! elter car! e and community-based services along with rehabilitative and educational programs. The Company provides comprehensive electronic monitoring and supervision services. The Company provides secure transportation services for offender and detainee populations as contracted. Through the REIT subsidiaries (TRS) structure, a portion of the Company’s businesses, which are non-real estate related, such as its managed-only contracts, international operations, electronic monitoring services, and other non-residential facilities, are part of wholly owned taxable subsidiaries of the REIT. Most of the Company’s business segments, which are real estate related and involve company-owned and company-leased facilities, are part of the REIT.

The Company competes with Corrections Corporation of America; Management and Training Corporation; Louisiana Corrections Services, Inc.; Emerald Companies; Community Education Centers; LaSalle Southwest Corrections; Group 4 Securicor; Sodexo Justice Services (formerly Kaylx); Serco; G4 Justice Services, LLC; Elmo-Tech, a 3M Company, and Pro-Tech, a 3M Company

Advisors’ Opinion:

  • [By Sean Williams]

    The premise here would be that any increase in nationwide drug testing would be bound to turn up additional drug users and could boost the prison population. That would be great news for the GEO Group (NYSE: GEO  ) and Corrections Corp. of America (NYSE: CXW  ) , which are contracted out through the government to run and service prisons around the country.

  • [By Seth Jayson]

    GEO Group (NYSE: GEO  ) reported earnings on May 8. Here are the numbers you need to know.

    The 10-second takeaway
    For the quarter ended March 31 (Q1), GEO Group met expectations on revenues and met expectations on earnings per share.

  • [By Sean Williams]

    Corrections Corp. of America, also known as CCA, and GEO Group (NYSE: GEO  )  are the two largest contracted prison companies. If there’s any doubt that these companies are as good as gold, one need only look at CCA’s first-quarter report from last week, which saw normalized funds from operations rise by a whopping 35% to $0.70 per share. CCA also boosted its full-year EPS from a range of $2.05-$2.15 to $2.08-$2.16.

  • [By Tyler Laundon]

    And The GEO Group (GEO) is yet another compelling holding that most investors haven’t heard of. The company operates correctional and detention facilities for various governments.

Top 10 Financial Stocks To Invest In Right Now: Flagstar Bancorp Inc (FBC)

Flagstar Bancorp, Inc. incorporated on October 28, 1993, is a savings and loan holding company. The Company’s business is primarily conducted through its principal subsidiary, Flagstar Bank, FSB (the Bank), a federally chartered stock savings bank. At December 31, 2012, its total assets were $ $14.1 billion. The Bank’s wholly owned subsidiary is Flagstar Capital Markets Corporation (FCMC). The Company operates in two segments: Community Banking and Mortgage Banking. The Community Banking segment offers a line of financial products and services to individuals, small and middle market businesses, and mortgage lenders. Its Mortgage Banking segment originates, acquires, sells and services residential first mortgage loans on one-to-four family residences. The Bank’s Other segment include corporate treasury, tax benefits not assigned to specific operating segments, and miscellaneous other expenses of a corporate nature.

Community Banking

Communit y Banking segment includes Branch Banking, Commercial and Business Banking, Government Banking, and Warehouse Lending. Community Banking segment originates loans and deposits to consumer, business and mortgage lending customers through its Branch Banking, Business and Commercial Banking, Government Banking, and Warehouse Lending groups. Products offered include checking accounts, savings accounts, money market accounts, certificates of deposit, consumer loans, commercial loans and warehouse lines of credit. Other financial services available to consumer and commercial customers include lines of credit, revolving credit, customized treasury management solutions, equipment leasing, inventory and accounts receivable lending and capital markets services such as interest rate risk protection products. At December 31, 2012, Branch Banking included 111 banking centers located throughout Michigan. As of December 31, 2012, the commercial loans held-for-investment totaled $0.7 billion , and consisted of commercial real estate, commercial and in! dustrial and commercial lease financing. At December 31, 2012, its commercial real estate loans held-for-investment totaled $640.3 million.

Commercial and industrial held-for-investment loan facilities include lines of credit to its small or middle market businesses for use in normal business operations to finance working capital needs, equipment purchases and expansion projects. At December 31, 2012 its commercial and industrial held-for-investment loans totaled $90.6 million. Its commercial lease financing held-for-investment loan portfolio is comprised of equipment leased to customers in a direct financing lease. At December 31, 2012 its commercial lease financing held-for-investment loans totaled $6.3 million. The Company offers warehouse lines of credit to other mortgage lenders. As of December 31, 2012, there were 311 warehouse lines of credit to other mortgage lenders with an average size of $7.5 million.

Mortgage Banking

The Co mpany’s Mortgage Banking segment originates, acquires, sells and services one-to-four family residential first mortgage loans. Mortgage loans are originated through home lending centers, national call centers, the Internet, unaffiliated banks and mortgage brokerage companies. Also, the Mortgage Banking segment services mortgage loans for others and sells MSRs into the secondary market.

In a home lending center transaction, loans are originated through a network of its loan origination centers, as well as referrals from its Banking segment and the national call center. At December 31, 2012, the Company maintained 31 loan origination centers. In a broker transaction, an unaffiliated bank or mortgage brokerage company completes the loan paperwork, but the loans are underwritten on a loan-level basis to its underwriting standards and it supplies the funding for the loan at closing thereby becoming the lender of record. As of December 31, 2012, the Company had acti ve broker relationships with over 1,700 banks, credit unions! , and mor! tgage brokerage companies. In a correspondent transaction, an unaffiliated bank or mortgage company completes the loan paperwork and also supplies the funding for the loan at closing. As of December 31, 2012, the Bank had active correspondent relationships with over 1,300 companies, including banks, credit unions, and mortgage companies.

Advisors’ Opinion:

  • [By Jessica Alling]

    Outside the Dow, insurer MBIA (NYSE: MBI  ) is up 11.3% after settling a legal case with lender Flagstar Bancorp (NYSE: FBC  ) over two mortgage-backed securities transactions. MBIA alleged that Flagstar misrepresented the securities, resulting in the insurer’s payout of $165 million on the policies. Flagstar has agreed to pay MBIA $110 million to settle the case. This legal dispute is similar to the current battle between MBIA and Bank of America. The insurer recently lost its bid for a pretrial ruling on the case, driving the stock lower.

  • [By Brian Pacampara]

    What: Shares of mortgage insurer MBIA (NYSE: MBI) climbed 10% today after settling its lawsuit against Flagstar Bancorp (NYSE: FBC), in which it accused the bank of misrepresenting the loan quality underlying $1.1 billion in mortgage-backed securities.  

Top 10 Financial Stocks To Invest In Right Now: Taylor Morrison Home Corp (TMHC)

Taylor Morrison Home Corporation, incorporated on November 15, 2012, is a homebuilder in North America. The Company operates under its Taylor Morrison brand in the United States and under its Monarch brand in Canada. Its business is organized into three geographic regions: East, West and Canada. Its East region consists of its Houston, Austin, North Florida and West Florida divisions. Its West region consists of its Phoenix, Northern California, Southern California and Denver divisions. Its Canada region consists of its operations within the province of Ontario, primarily in the Greater Toronto Area (GTA) and also in Ottawa and Kitchener-Waterloo, and offers both single-family and high-rise communities.

As of September 30, 2012, the Company offered homes in 122 active selling communities and had a backlog of 4,205 homes sold but not closed, including 903 homes in unconsolidated joint ventures. During the year ended September 30, 2012, the Company closed 2,586 homes, consisting of 1,880 homes in the United States and 706 homes in Canada, including 204 homes in unconsolidated joint ventures.

Our Homes

The Company offers a range of homes to consumers in its markets, ranging from entry-level to luxury homes. The Company market single-family homes with many amenities to entry-level through move-up homebuyers. The Company has developed a number of home designs with features such as one-story living and first floor master bedroom suites to appeal to universal design needs, as well as communities with recreational amenities such as golf courses, pool complexes, country clubs and recreation centers. The Company has integrated these designs and features in many of its homes and communities. The Company offers some of the same basic home designs in similar communities and engages unaffiliated architectural firms to develop new designs to replace or augment existing ones in order to ensure that our homes reflect cu rrent and local consumer tastes.

Warranty Progr! am

The Company offers express written limited warranties on our homes that generally provide for one year of coverage for various defects in workmanship or materials. These warranties are in addition to certain legal warranties (including implied warranties) that may apply in the markets where the Company operates. In Canada, in accordance with regulatory requirements administered by the Tarion Warranty Corporation, the Company offers a limited warranty that generally provides for seven years of structural coverage, two years of coverage for water penetration, electrical, plumbing, heating, and exterior cladding defects, and one year of coverage for workmanship and materials.

Community Development

The Company aims to establish a complete concept for each community the Company develops, beginning with an overall community design and then determining the size, style and price range of the homes and the layout of the streets and individu al home sites. In the case of developed communities, after necessary governmental subdivision and other approvals have been obtained, the Company improve the land by clearing and grading it, installing roads, installing underground utility lines and recreational amenities, erecting distinctive entrance structures and staking out individual home sites.

Customer Mortgage Financing

Taylor Morrison Home Funding, LLC (TMHF) provides a number of mortgage-related services to its homebuilding customers through its mortgage lending operations. TMHF’s multi-lender platform included Flagstar Bank, US Bank, SunTrust Bank, Wells Fargo Mortgage and Metlife Home Loans. Revenue was derived from yield spread premiums, broker points and processing fees. The main strategic purpose of TMHF in its business is: to utilize finance as a sales tool as part of the purchase process to ensure a consistent customer experience and assist in maintaining production efficiency; and to influence and assist in determining its backlog and ! to better! manage projected closing and delivery dates for its customers.

Advisors’ Opinion:

  • [By Kris Hudson]

    Home-builder initial public offerings have delivered mixed results in the past year. Three are trading below their offering prices: Taylor Morrison Home Corp.(TMHC) is down 3.9% from its IPO price at $21.15. William Lyon Homes is down 3.7% at $24.07. UPC Inc. is down 2.9% at $14.57.

  • [By DailyFinance Staff]

    LM Otero, AP The housing market has been leading the economic recovery, but have housing stocks hit the ceiling? They’re jumping today after a very bullish report on housing starts: New construction projects last month topped the 1 million annual rate for the time since before the financial crisis began in 2008. That’s lifted shares of leading homebuilders by two to four percent today, adding to the huge gains over the past year. KB Homes (KBH), Pulte (PHA) and Hovnanian (HOV) have all doubled in price over the past year. Lennar (LEN) is up 44 percent, D.R. Horton (DHI) is up 47 percent and Toll Brothers (TOL) 33 percent. Those gains have prompted several other builders to go public this year. Taylor Morrison Home (TMHC), Tri Pointe, and William Lyon Home have all moved higher since their IPOs. And even though there’s plenty of optimism that housing will continue to lead the broader economic recovery, there’s some concern that these stocks may slow down. Homebuilder stocks can no longer be considered cheap. So some analysts see alternate routes for investors looking to play the housing boom. One way is through home-improvement retailers, which benefit from sales of both new and existing homes. Other plays include lumber, furniture and appliance companies. It’s also worth noting that today’s report on home construction showed that starts of single-family homes actually declined in March. It was the more volatile multi-family sector that led the advance. But there may be some stock market opportunities in REITs – real estate investment trusts – which focus on apartments. Among the biggest ones are Post Properties, Essex Property Trust and Associated Estates. They make money from collecting monthly rents. And these stocks generally trade below the value of the properties they own. Even some builders known for single-family homes are moving into the multi-family segment. Lennar announced in January that it plans to enter the apartment rental mar

Top 10 Financial Stocks To Invest In Right Now: LPL Investment Holdings Inc.(LPLA)

LPL Investment Holdings Inc. provides an integrated platform of brokerage and investment advisory services to independent financial advisors and financial advisors at financial institutions in the United States. The company?s brokerage offerings include variable and fixed annuities, mutual funds, general securities, alternative investments, retirement and 529 education savings plans, and fixed income; and insurance offerings comprise personalized advance case design, point-of-sale service, and product support for a range of life, disability, and long-term care products. Its fee-based advisory platforms and support solutions offer access to no-load/load-waived mutual funds, exchange-traded funds, stocks, bonds, conservative option strategies, unit investment trusts and no-load, institutional money managers, and multi-manager variable annuities through five platforms, as well as third-party equity research and asset-management services, and fee-based advisory and consulting services to retirement plans. The company?s cash sweep programs consist of money market sweep vehicles and an insured bank deposit sweep vehicles. Its services also include tools and services that enable advisors to maintain their practice; and trust, investment management oversight, and custodial services for estates and families, as well as technology and open architecture investment management solutions to trust departments of financial institutions. LPL Investment Holdings Inc. provides its services to approximately 12,800 independent financial advisors from a range of firms, including wirehouses, regional and insurance broker dealers, banks, and other independent firms; and registered investment advisors, and advisors at small and mid-sized financial institutions. The company was founded in 1968 and is headquartered in Boston, Massachusetts.

Advisors’ Opinion:

  • [By Marc Bastow]

    Global investment and financial advisory services holding company LPL Financial Holdings (LPLA) raised its quarterly dividend 26.3% to 24 cents per share, payable March 10 to shareholders of record as of Feb. 24.
    LPLA Dividend Yield: 1.81%

  • [By Ben Levisohn]

    Discount brokers had a great 2013, in large part because of the perceived boost they would get from rising interest rates and rising stock prices. Charles Schwab returned 83%, E*Trade Financial (ETFC) surged 119%, TD Ameritrade (AMTD) rose 88%, and LPL Financial (LPLA) finished the year up 69%.

Top 10 Financial Stocks To Invest In Right Now: KBridge Energy Corp (BMMCF)

KBridge Energy Corp., incorporated on October 23, 2002, is a development-stage company. The Company is engaged in providing consulting services.

The Company markets resource-based opportunities in North America to customers based in Korea as a broker for energy and resource related contracts. As of December 31, 2012, the Company had not generated any revenues.

Advisors’ Opinion:

  • [By Peter Graham]

    Small cap stocks KBridge Energy Corp (OTCMKTS: BMMCF), Medifocus Inc (OTCMKTS: MDFZF) and Inscor Inc (OTCMKTS: IOGA) have been getting some attention lately in various investment newsletters and some of it is deserved as the first stock sank 35% on Friday, the second one recently released its financials (which did show a big improvement, but there is also a big catch for investors) and the third one has been the subject of a very aggressive promotional campaign. But are any of these three small caps really all that hot for investors? Here is a quick reality check:

Top 10 Financial Stocks To Invest In Right Now: Old National Bancorp Capital Trust I(ONB)

Old National Bancorp operates as a holding company for Old National Bank, which provides financial services to individuals and commercial customers primarily in Indiana, eastern and southeastern Illinois, and central and western Kentucky. The company?s Community Banking segment originates loans, such as home equity lines of credit, residential real estate loans, consumer loans, commercial loans, commercial real estate loans, letters of credit, and lease financing; and generates deposit products comprising noninterest-bearing demand, negotiable order of withdrawal, savings and money market, and time deposits. It also offers debit and ATM cards, telephone access, online banking, and other electronic banking services. In addition, this segment provides investment services and various brokerage products, including investment options and investment advice. Further, it offers merchant cash management and other services relating to the general banking business; reinsures credit l ife insurance; and provides property and casualty insurance. The company?s Treasury segment manages investments, wholesale funding, interest rate risk, liquidity, and leverage for the bank; and provides capital markets products, including interest rate derivatives, foreign exchange, and industrial revenue bond financing for its commercial clients. Old National Bancorp also offers fiduciary and trust services; and insurance brokerage services, such as commercial property and casualty, surety, loss control services, employee benefits consulting and administration, and personal insurance. As of December 31, 2010, it operated 161 banking financial centers, as well as loan production or other financial services offices. The company was founded in 1834 and is headquartered in Evansville, Indiana.

Advisors’ Opinion:

  • [By Sean Williams]

    First Merchants’ biggest competitor is Old National Bancorp (NASDAQ: ONB  ) , the largest bank by assets in Indiana ($9.4 billion in assets). Old National has been exercising its regional flexibility of late by closing more than a dozen Indiana-based branches and purchasing some 20 offices from Bank of America in Michigan.

Top 10 Financial Stocks To Invest In Right Now: City National Corporation (CYN)

City National Corporation operates as the bank holding company for City National Bank that provides various banking, investing, and trust services to small to mid-sized businesses, entrepreneurs, professionals, and affluent individuals. Its deposit products include demand and interest checking deposits, savings deposits, and money market accounts. The company’s loan portfolio comprises commercial loans, including lease financing; residential mortgage loans; commercial real estate mortgages; real estate construction loans; equity lines of credit; and installment loans. It also offers cash management, international banking, equipment financing, and other products and services. In addition, the company provides investment management, advisory, and brokerage services, including portfolio management, securities trading, and asset management; personal and business trust and investment services comprising employee benefit trust services, and 401(k) and defined benefit plans; and estate and financial planning, and custodial services. Further, it offers various asset classes and investment styles, including fixed-income instruments, mutual funds, domestic and international equities, and alternative investments, such as hedge funds. City National Corporation provides its services through 79 offices, including 16 full-service regional centers in Southern California; the San Francisco Bay area; Nevada; New York City; Nashville, Tennessee; and Atlanta, Georgia. The company was founded in 1953 and is headquartered in Los Angeles, California.

Advisors’ Opinion:

  • [By John Maxfield]

    Given that you clicked on this article, it seems safe to assume you either own stock in City National Corp. (NYSE: CYN  ) or are considering buying shares in the near future. If so, then you’ve come to the right place. The table below reveals the nine most critical numbers that investors need to know about City National stock before deciding whether to buy, sell, or hold it.

Top 10 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’s investment advisor is SSgA Funds Management, Inc.

Advisors’ Opinion:

  • [By Ben Levisohn]

    The Consumer Discretionary Select Sector SPDR (XLY) has dropped 1.1% to $60.39, while the Financial Select Sector SPDR(XLF) is off 0.9% at $20.23.  Hardest hit is the Utilities Select Sector SPDR (XLU), which has dropped 1.6% to $37.32, while the Industrial Select Sector SPDR ETF (XLI) has fallen 1% to $46.49. The Technology Select Sector SPDR (XLK) is the top performer: It’s down 0.5% at $32.39.

  • [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.

  • [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 Ben Levisohn]

    GE has gained 9.5% this year after falling 0.7% to $22.98 today, well behind the SPDR S&P 500 ETF’s (SPY) 15% gain and the Industrial Select Sector SPDR’s (XLI) 17% rise. United Technologies (UTX) has risen 25% this year, while 3M (MMM) has advanced 22%.

Top 10 Financial Stocks To Invest In Right Now: ING US Inc (VOYA)

ING U.S., Inc., incorporated on April 7, 1999, is a retirement, investment and insurance company serving the financial needs of approximately 13 million individual and institutional customers in the United States. The Company offers its products and services through a group of financial intermediaries, independent producers, affiliated advisors and dedicated sales specialists throughout the United States. The Company operates its principal businesses through three business lines: Retirement Solutions, Investment Management and Insurance Solutions. In addition, it also has closed Blocks and corporate reporting segments. Closed Blocks consists of three businesses where it has placed its portfolios in run-off-Closed Block Variable Annuity, Closed Block Institutional Spread Products and Closed Block Other. The Company’s corporate segment includes its corporate activities and corporate-level assets and financial obligations.

Retirement Solutions

The Company is a provider of retirement services and products in the United States. The Company provides a product range addressing both the accumulation and income distribution needs of customers, through a distribution footprint of nearly 2,500 affiliated representatives and thousands of non-affiliated agents and third party administrators (TPAs). The Company’s Retirement Solutions business consists of two financial segments: Retirement and Annuities.

Retirement provides tax-deferred, employer-sponsored retirement savings plans and administrative services to more than 49,000 plan sponsors covering approximately 5.3 million plan participants in corporate, education, healthcare and government markets. Retirement also provides rollover IRAs, and other retail financial products as well as comprehensive financial advisory services to individual customers. Annuities provide fixed and indexed annuities, tax-qualified mutual fund custodial products and payout annuities for pre-retirement wealth accumulation and post-retirement i! ncome management sold through multiple channels.

Investment Management

The Company is a service asset manager delivering client-oriented investment solutions and advisory services. The Company serves both individual and institutional customers, offering them domestic and international fixed income, equity, multi-asset and alternative investment products and solutions across a range of geographies, investment styles and capitalization spectrums.

Insurance Solutions

The Company is a provider of life insurance in the United States. The Company’s Insurance Solutions business consists of two financial segments: Individual Life and Employee Benefits. Individual Life provides wealth protection and transfer opportunities through universal, variable, and term products, distributed through independent channels to meet the needs of a range of customers from the middle-market through affluent market segments. Employee Benefits provid es stop loss, group life, voluntary employee-paid and disability products to mid-sized and large businesses.

Closed Blocks

The Company separated its Closed Block Variable Annuity and Closed Block Institutional Spread Products segments from its other operations, placing them in run-off, and made a strategic decision to stop actively writing new retail variable annuity products with substantial guarantee features and to run-off the institutional spread products portfolio over time. The Company’s focus in managing its Closed Block Variable Annuity segment is on protecting regulatory reserves.

The Company competes with Fidelity, Vanguard, Morgan Stanley Smith Barney, Bank of America Merrill Lynch, TIAA-CREF and Ameriprise.

Advisors’ Opinion:

  • [By Jessica Alling]

    The life and retirement segments at Genworth Financial (NYSE: GNW  ) , Hartford Finanical (NYSE: HIG  ) , and ING (NYSE: VOYA  ) were among 11 insurers slapped with a new settlement for unpaid benefits. In the video below, Motley Fool contributor Jessica Alling discusses how the insurers misconduct lead to unpaid monies, how much the settlement is, and how investors should be looking at the situation.

  • [By Jay Jenkins]

    In the video below, Motley Fool contributor Jay Jenkins highlights three banks that are ahead of the curve: Citigroup (NYSE: C  ) , Bank of America (NYSE: BAC  ) , and Capital One’s (NYSE: COF  ) 360 product (originally developed by ING U.S. (NYSE: VOYA  ) ).

  • [By Mike Deane]

    On Friday, Dutch company ING Groep announced that it will be selling off shares in the American arm of its firm, ING US Inc (VOYA).

    VOYA went public in May of this year, and its Dutch parent company currently holds a stake in 71% of the company. ING US will rebrand as Voya Financial, according to the Associated Press. ING Groerp did not disclose the timing or size of the sale.

    VOYA shares were down 48 cents, or 1.62%, at market close on Monday. YTD the company’s stock is up over 44%.