Friday, July 24, 2015

Financials on Fire



This earnings season has been a positive one for the S&P 500’s financial sector. After struggling for most of 2015, the financials have moved up to a year-to-date gain of 3 percent now, inching ahead of the broader S&P 500 index, which has risen by 2.8 percent.

The sector has benefited from generally strong earnings reports, not just for big banks like Wells Fargo but entities like the brokerage Charles Schwab and Vornado Realty Trust, one of the nation’s biggest real estate investment trusts. The results from the quarter mean that the financials’ cumulative performance for the past five years is now stronger than that of the entire S&P. Only the health care, consumer discretionary and tech sectors can also make that claim.

Wells Fargo can now claim the mantle of the world’s largest bank by market capitalization, surpassing the former leader, the Industrial & Commercial Bank of China. Its market cap has also passed up that of J.P. Morgan, which is still the largest U.S. bank by assets and hit its own all-time share price record in late June.

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  1. CALLING ON THE NAME OF THE LORD? BY STEVE FINNELL

    On the Day of Pentecost Peter quoted the prophet Joel (Acts 2:21'And it shall be that everyone who call on the name of the Lord will be saved.')

    To call on the name of the Lord is to acknowledge the authority and power of the Lord, and follow in obedience by meeting the terms of pardon.

    The apostle Peter did not tell those on the Day of Pentecost to say the "sinner's prayer." Saying the "sinner's prayer" is not calling on the name of the Lord.

    Peter preached the death, burial, and bodily resurrection of Jesus. Peter declared the Jesus was Lord and Christ. (Acts 2: 22-26) They obviously believed Peter's preaching because they asked the question(Acts 2:37 ....."Brethren what shall we do?")
    Peter did not tell them to say the "sinner's prayer." What was Peter's response to their question? (Acts 2:38 Peter said to them, "Repent, and each of you be baptized in the name of Jesus Christ for the forgiveness of your sins; and you will receive the gift of the Holy Spirit.)


    THE NARRATIVE OF CALLING ON THE NAME OF THE LORD.
    1. FAITH: Believe in the death, burial, and bodily resurrection of Jesus. Accept Jesus as Lord and Savior.
    2. CONFESSION: Acknowledge Jesus as the Christ and the Son of God.
    3. REPENTANCE: Make the commitment to turn from sin and turn toward God.
    4. WATER BAPTISM: Be immersed into Christ for the forgiveness of your sins.


    HOW DID THE ETHIOPIAN EUNUCH CALL ON THE NAME OF THE LORD? (Acts 8:25-40


    1. Philip preached Jesus to him. (Acts 8:35)
    2. He confessed Jesus as The Christ the Son of God. (Acts 8:37)
    3. He was baptized in water. Immersed by Philip. (Acts 8:38-39)
    The Ethiopian eunuch did not say the sinner's pray nor was he asked to do so by Philip.


    Romans 10:13 for "WHOEVER WILL CALL ON THE NAME OF THE LORD WILL BE SAVED."


    Romans 10:9-10 that if you confess with your mouth Jesus as Lord, and believe in your heart that God raised Him from the dead, you will be saved; 10 for with the heart a person believes, resulting in righteousness, and with the mouth he confesses, resulting in salvation.


    To call on the name of the Lord is to acknowledge His power and authority and confess Him as Lord and Christ . (Acts 2:26,Acts 8:37, Romans 10:9-10) To call on the Name of the Lord is to repent and be baptized. (Acts 2:38)


    WE ARE TOLD TO CALL ON THE NAME OF THE LORD TO BE SAVED.


    We are never told we are saved by "faith only." We are never told that saying the "sinner's prayer" is calling on the name of the Lord.


    IF SAYING THE "SINNER'S PRAYER" IS NOT A REQUIREMENT FOR SALVATION? THEN WHAT ARE THE REQUIREMENTS FOR SALVATION.


    THE REQUIREMENTS!
    1. Faith: John 3:16
    2. Belief and baptism: Mark 16:16
    3. Confession and belief: Romans 10:9-10
    4. Born of water and Spirit: John 3:5
    5. Grace and faith: Ephesians 2:8
    6. Buried through baptism: Roman 6:4-5
    7. Water baptism: 1 Peter 3:20-21
    8. Baptism: Acts 22:16
    9. Baptized into Christ: Galatians 3:27
    10. Believe: Acts 16:30-31
    11. Repentance and baptism: Acts 2:38
    12. God's mercy, water baptism, and the Holy Spirit: Titus 3:5
    13. Water baptism: Colossians 2:12-13
    14. Repentance: Acts 3:19


    IF YOU HAVE COMPLETED THESE REQUIREMENTS---THEN YOU HAVE CALLED ON THE NAME OF THE LORD!

    YOU ARE INVITED TO FOLLOW MY BLOG. http://steve-finnell.blogspot.com

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