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Showing posts with the label Hispanic market

Over the Past Six Months, a Portfolio of Stock in Minority Banks Beat the S&P 500.

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Over the past six months, a portfolio of stock in minority banks beat the S&P 500. The S&P 500 Index (green) returned 74% The Minority Bank portfolio (blue) returned 112%. Much of this performance has been due to the increased attention being paid to the minority banking sector. The portfolio consists of equal weights in the following banks: Symbol Name Ethnic Group BOH Bank of Hawaii Corporation Hispanic BPOP Popular, Inc. Hispanic BYFC Broadway Financial Corporation Black CARV Carver Bancorp, Inc. Black CATY Cathay General Bancorp Asian CZBS CITIZENS BANCSHARES CORP GA Black EWBC East West Bancorp, Inc. Asian HAFC Hanmi Financial Corporation Asian HRBK HARBOR BANKSHARES CORP Black IBOC International Bancshares Corp Hispanic IBWC IBW FINANCIAL CORP Black MFBP M & F BANCORP INC Black PFBC Preferred Bank Hispanic Now, there are a few things to keep in mind: It's hard to actually buy this portfolio, mainly because stock in Black-owned banks is hard to come by. It is thinl

Socially Responsible WalMart II

In an article originally posted on the Street Insight section of thestreet.com on 5/2/2006 at 12:15 AM EST, we made the case that Wal-Mart was becoming socially responsible. We said, "The firm's poor reputation no longer matches the new corporate reality." Recent events confirm this perception: According to the Chicago Sun Times , "As the Obama administration begins investing billions in health information technology, Wal-Mart plans to use its unrivaled size to bring high-tech medical records to U.S. physicians. In recent years Wal-Mart, the world's largest retailer, has used its buying power to move into health care markets, negotiating steep discounts for prescription drugs and eye care products." Having completed an in depth analysis of the massive $787 billion dollar Stimulus Bill, we believe this is a stunning and strategic move that bodes well for the company's stock. Our analysis reveals that, of all the publicly traded companies in the US, W