Hot Financial Companies For 2015

Updated from 10:16 a.m. ET with closing prices and corrected information on Lehman Brothers' bankruptcy

NEW YORK (TheStreet) -- Gold prices gained Monday after President Obama said Larry Summers withdrew his name from consideration to be the next Federal Reserve chairman.

For weeks, reports citing unnamed sources within the Obama administration said Summers, the former director of the National Economic Council, was the front-runner to succeed Chairman Ben Bernanke. As late as Friday, a report out of Japan emerged saying Obama had planned to nominate Summers.

Gold for December delivery at the COMEX division of the New York Mercantile Exchange added $9.20 to $1,317.80 an ounce. The gold price traded as high as $1,336 and as low as $1,307.20 an ounce, while the spot price was falling $20.90. Many market participants had viewed a Summers nomination as a shift toward tighter monetary policy and narrower leadership in the Federal Open Market Committee. Chairman Ben Bernanke gained a reputation through the 2008 financial crisis and beyond for his ability to garner consensus on monetary policy among disparate voting members. Gold prices are up nearly 70% since Lehman Brothers' collapse on Sept. 15, 2008, five years ago. Many investors and analysts say the Fed's economic stimulus programs led to unprecedented gains for the yellow metal as monetary stimulus was viewed as a hedge against inflation. "With Summers withdrawing his nomination, the possibility of Janet Yellen steps up front and center, and she is seen as more dovish," Phil Streible, senior commodities broker at RJO Futures, said in an interview. "So we saw an initial pop." Silver prices for December delivery gained 29 cents to $22.01 an ounce, while the U.S. dollar index was off 0.29% to $81.28. Most investors will turn their attention to the Fed's policy-making statement due Wednesday afternoon as economists have said the FOMC will announce a draw down in its monthly asset purchases. Such a move could be short-term negative for gold but it does not signal an end to the Fed's economic stimulus program. Gold mining stocks closed mixed on Monday. Shares of NovaGold Resources (NG) tumbled 6.2%, while shares of AngloGold Ashanti (AU) rose 2.7%. Gold ETF SPDR Gold Trust (GLD) dropped 0.08% to $126.35 a share, while iShares Gold Trust (IAU) dipped 0.55% to $12.65 a share. -- Written by Joe Deaux in New York. >Contact by Email. Follow @JoeDeaux

Hot Financial Companies For 2015: 49 North Resource Fund Inc. (FNR.V)

49 North Resources Inc., through Limited Partnership intends to invest in a portfolio of flow-through shares of resource issuers, who engage in mineral, or oil and gas exploration and development in Canada. It focuses on resource issuers with exploration programs in Saskatchewan. 49 North Resource Fund, Inc. serves as the general partner of the partnership. 49 North Resources Inc. was formed in 2005 and is headquartered in Saskatoon, Canada.

Hot Financial Companies For 2015: Heritage Commerce Corp (HTBK)

Heritage Commerce Corp operates as a bank holding company for Heritage Bank of Commerce that provides various commercial and personal banking services to residents and the business/professional community in California. It offers a range of deposit products for retail and business banking markets, including checking accounts, interest-bearing transaction accounts, savings accounts, time deposits, and retirement accounts. The company also provides various loan products comprising commercial loans, such as operating secured and unsecured loans advanced for working capital, equipment purchases, and other business purposes; small business administration loans; commercial real estate loans; commercial construction loans for rental properties, commercial buildings, and homes; home equity line loans; and consumer loans consisting of loans for financing automobiles, various consumer goods, and other personal purposes. In addition, it offers other banking services, including cashier 's checks, bank-by-mail, ATM, night depositories, safe deposit boxes, direct deposit, automated payroll, electronic funds transfer, online banking, online bill pay, remote deposit capture, automated clearing house origination, electronic data interchange, and check imaging services. The company provides its banking products and services through operating 10 full service branch offices in the southern and eastern regions of the general San Francisco Bay Area of California in the counties of Santa Clara, Alameda, and Contra Costa. Heritage Commerce Corp was founded in 1993 and is based in San Jose, California.

Top Up And Coming Companies To Own For 2015: Pacific & Western Cr Edit Cor (PWC.TO)

Pacific & Western Credit Corp., through its subsidiary, Pacific & Western Bank of Canada, provides financial solutions in Canada. The company offers various deposit products, including guaranteed investment certificates, registered retirement savings plans, daily interest savings accounts, and tax-free savings accounts. It also provides land and construction loans, residential term mortgages for apartment buildings and town homes, commercial term mortgages, and insured mortgages; term loans and leases to corporate and mid-market commercial companies; and loans, such as directly financed government entity construction projects, and leases, including vendor financing. In addition, the company offers loan and lease products to public sector entities, including municipalities, hospitals, school boards, universities, aboriginal groups, and federal and provincial government agencies; and financing for office equipment, utility and emergency vehicles, and medical equipment, as we ll as short term bridge financing. Further, it provides real estate financing and credit card services. Pacific & Western Credit Corp. is headquartered in London, Canada.

Hot Financial Companies For 2015: Bk Sardegna Stk N(SARIn.MI)

Banco di Sardegna S.p.A. provides retail banking and financial services. The company offers consumer loans and financial leasing transactions, securities portfolio management, deposits and corporate finance instruments, foreign currency transactions, derivative contracts linked to interest rates, debt securities and foreign currency, and automated teller machine and credit card services. It also provides tax collection, service automation, and real estate services. The company is headquartered in Cagliari, Italy. Banco di Sardegna S.p.A. is a subsidiary of Banca Popolare dell'Emilia Romagna.

Hot Financial Companies For 2015: LSL PROPERTY SERVICES PLC ORD GBP0.002 WHEN ISSUED(LSL.L)

LSL Property Services plc provides residential property services to private consumers and mortgage lenders in the United Kingdom. It offers estate agency and related services, including the sale and letting of housing; operation of a network of high street branches; provision of repossession asset management services; and sale of mortgages, and life assurance and critical illness policies to insurance companies, lenders, and financial intermediaries. The company also provides surveying services to lenders for residential mortgage purposes; and valuation services to private house purchasers. In addition, it offers panel management and property management services, as well as advice on mortgages and non-investment insurance products. The company operates surveying and valuation business under the e.surv Chartered Surveyors and Barnwoods brands; and estate agency, financial services, and asset management businesses under the Your Move, Reeds Rains, LSLi, Marsh & Parsons, Inte rcounty, Frosts, JNP, Goodfellows, and Davis Tate, as well as LSL Corporate Client Department, St Trinity Asset Management, Templeton LPA, First Complete, The Mortgage Alliance, Pink Home Loans, Linear Financial Services brands. It operates a network of 568 estate agency branches. LSL Property Services plc is based in Newcastle upon Tyne, the United Kingdom.

Hot Financial Companies For 2015: Singapore Land Limited (S30.SI)

Singapore Land Limited, an investment holding company, engages in the development of properties for investment and trading in Singapore. The company operates in three segments: Property Investment, Property Trading, and Hotel Operations. The Property Investment segment engages in the leasing of commercial office properties; and property management, as well as invests in retail centers. The Property Trading segment develops properties for trading; and provides project management and marketing services. The Hotel Operations segment operates hotels in Singapore. The company based in Singapore. Singapore Land Limited is a subsidiary of UIC Enterprise Pte Ltd.

Hot Financial Companies For 2015: Versapay Corp(VPY.V)

VersaPay Corporation operates as a payment solutions company in Canada. It provides businesses with access to the Canadian networks that process credit and debit card payments. The company enables credit and debit card merchant payment processing on the go and in the office, as well as through wired and wireless devices, and its online payment systems. It also engages in the acquisition and installation of payment processing technology; offers training and support for the card payment infrastructure; develops VersaPayEMT, a proprietary electronic bill presentment and payments platform; and sells, leases, and rents point of sale devices. The company serves various industries, including education, government and municipalities, healthcare, home office and small business, hospitality POS systems, law and professional services, not for profit and charities, property management, restaurants, pubs and clubs, retail, taxis, shuttles, limousines, utility and services providers, an d wholesale and distribution. VersaPay Corporation is headquartered in Toronto, Canada.

Hot Financial Companies For 2015: Tejon Ranch Co(TRC)

Tejon Ranch Co., together with its subsidiaries, engages in the real estate development and agribusiness business activities in the United States. The company operates in three segments: Commercial/Industrial Real Estate Development and Services, Resort/Residential Real Estate Development, and Farming. The Commercial/Industrial Real Estate Development and Services segment involves in entitling, planning, and permitting land for development; the construction of infrastructure, pre-leased buildings, and buildings to be leased or sold; and the sale of land to third parties. It leases land to a truck wash, auto service stations with convenience stores, fast-food operations, full-service restaurants, motel, antique shop, and the United States Postal Service facility, as well as for oil and mineral royalties and grazing. The Resort/Residential Real Estate Development segment engages in the land entitlement, land planning and pre-construction engineering, and land stewardship act ivities. The Farming segment farms various permanent crops, including wine grapes in 1,621 acres; almonds in 1,513 acres; and pistachios in 1,012 acres. It also manages farming of alfalfa and forage mix on 775 acres in the Antelope Valley; and leases 750 acres of land for the growing of vegetables. The company was founded in 1936 and is based in Lebec, California.

Hot Financial Companies For 2015: Cotton #2(CT)

Capital Trust, Inc., a real estate investment trust, operates as a real estate finance and investment management company that provides credit sensitive financial products in the United States. The company?s investment programs focus on loans and securities backed by commercial real estate assets, including mortgage loans, property and corporate mezzanine loans, commercial mortgage backed securities, and subordinate mortgage interests. Its balance sheet investments include various types of commercial mortgage backed securities and collateralized debt obligations or securities, and commercial real estate loans and related instruments. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. Capital Trust, Inc. was founded in 1966 and is headquartered in New York, New York.

Hot Financial Companies For 2015: Dbs Group Holdings Ltd (D05.SI)

DBS Group Holdings Limited provides corporate, SME, consumer and wholesale banking services in Singapore, Hong Kong, rest of Greater China, South and Southeast Asia, and rest of the world. Its Consumer Banking/Wealth Management segment provides current and savings accounts, fixed deposits, loans and home finance, cards, payments, investment, and insurance products to individual customers. The company�s Institutional Banking segment provides a range of financial services and products, such as short term working capital financing and specialized lending; cash management, trade finance, and securities and fiduciary services; treasury and markets products; corporate finance and advisory banking; equities and derivatives brokerage services; and Islamic banking services. This segment serves bank and non-bank financial institutions, government linked companies, large corporations, and small and medium sized businesses. Its Treasury segment engages in selling, structuring, market making, and trading financial products, such as foreign exchange, interest rate, debt, credit, equity, and other structured derivatives, as well as managing surplus deposits relative to approved benchmarks. This segment serves corporations, institutional and private investors, financial institutions, and other market participants. The company has 200 branches and 1,100 ATMs in 50 cities. DBS Group Holdings Limited was founded in 1968 and is based in Singapore.