All Posts Tagged With: "AIG"
(AIG) American International Group Upped to Neutral
Last week, we upgraded our recommendation on American International Group Inc. (AIG) to Neutral from Underperform based on its improving capital flexibility. Besides, asset disposals and repayment of a chunk of debt appears to be favorable for the new stock buyback program. AIG...
14Jan2012 | vitalstocks | 0 comments | Continued(AIG) American International Group ILFC to Raise $650 Million from Notes
Yesterday, American International Group Inc.’s (AIG) aircraft leasing unit – International Lease Finance Corporation (ILFC) – announced the issue of long term notes worth $650 million. Accordingly, the unsecured notes of $650 million are issued at an initial price of $100.00...
21Dec2011 | vitalstocks | 0 comments | Continued(AIG) TARP Continues to Recover Funds
The Treasury has added $12.2 million to its kitty by selling warrants in 17 Troubled Asset Relief Program (TARP) banks that have already repaid the bailout money. This indicates that the Treasury is clutching every opportunity to recoup the cost of the $700 billion bailout program...
28Nov2011 | vitalstocks | 0 comments | Continued(MET) MetLife Alters Regional Segregation
To provide a better reflection of its global presence, MetLife Inc. (MET) will undergo restructuring of its business segments. As a result, the company will now be divided into three geographical regions – The Americas, Asia and EMEA (Europe, Middle East and Africa). Additionally,...
28Nov2011 | vitalstocks | 0 comments | Continued(BKYF) U.S. TARP Becomes More Profitable
With the reimbursement of $210 million of bailout money by Bank of Kentucky Financial Corp. (BKYF) and First Midwest Bancorp Inc. (FMBI), the U.S. Treasury has recovered nearly $258 billion from the bailed out banks. Approximately $245 billion was given to these banks as part...
28Nov2011 | vitalstocks | 0 comments | Continued(AIG) American International Group – Bear of the Day
American International Group’s (AIG) third-quarter loss came in significantly worse than the Zacks Consensus Estimate and year-ago quarter based on weak global cues, sluggish insurance dynamics and consistent cash outflow. Although some stability was witnessed in core operations,...
7Nov2011 | vitalstocks | 0 comments | Continued(AIG) American International Group Loss Soars on Weak Dynamics
American International Group Inc. (AIG) reported third quarter operating loss per share of $1.60, which came in way higher than the Zacks Consensus Estimate of a loss of 8 cents and 84 cents reported in the year-ago quarter. Consequently, operating loss of $3.0 billion increased...
6Nov2011 | vitalstocks | 0 comments | Continued(MCO) Insurance Industry Stock Update – September 2011 – Industry Outlook
Despite a series of natural disasters and consequent above-average losses, the U.S. insurance industry could rebound only with help from rising rates and reduced pricing pressure. Though financials of U.S. insurance companies are still not strong enough to soak up losses from...
5Oct2011 | vitalstocks | 0 comments | Continued(HIG) Hartford Financial Services Group Records High Third Quarter CAT Loss
Yesterday, Hartford Financial Services Group Inc. (HIG) announced that the devastation caused by Hurricane Irene will lead to substantially high catastrophe (CAT) losses in the third quarter of 2011. The pre-tax catastrophe losses for July and August are expected to be within...
20Sep2011 | vitalstocks | 0 comments | Continued(AIG) American International Group Offers Notes Worth $2 Billion
Yesterday, American International Group Inc. (AIG) vended off senior unsecured floating-rate notes worth $2.0 billion in a two-part offering. Accordingly, one part of senior unsecured notes is valued at $1.2 billion. These notes were issued at a price of $99.448 and dated to...
11Sep2011 | vitalstocks | 0 comments | Continued(AIG) American International Group – Bear of the Day
We are downgrading our recommendation on American International Group (AIG) to Underperform on weak global cues, sluggish insurance dynamics and consistent cash outflow. The lock-in period for stock offering further holds back the attainment of capital flexibility in the near...
16Aug2011 | vitalstocks | 0 comments | Continued(AIG) American International Group Dropped to Underperform
We downgraded our recommendation on American International Group Inc. (AIG) to Underperform from Neutral based on the critical sustainability factor given the weak global cues, sluggish insurance dynamics and consistent cash outflow. Despite raising funds in the past few quarters...
15Aug2011 | vitalstocks | 0 comments | Continued(AA) Stock Market News for August 10, 2011 – Market News
An unprecedented step by the Federal Reserve to keep the interest rate near zero for another two years returned cheer to the markets as the Dow soared up by 429 points. The Street finally enjoyed one of its best days in two years a day after it was sent crashing following Standard...
10Aug2011 | vitalstocks | 0 comments | Continued(AGII) Company News for August 9, 2011 – Corporate Summary
• Share prices of America’s biggest bank, Bank of America Corp. (NYSE:BAC) fell 20.32% after a report in the New York Times said that American International Group, Inc. (NYSE:AIG) has filed a suit against the bank to recover more than $10 billion in losses due to...
9Aug2011 | vitalstocks | 0 comments | Continued(AIG) American International Group Misses Expectations – Rebound to Come
American International Group Inc. (AIG) reported second quarter operating earnings of 69 cents per share that lagged both the Zacks Consensus Estimate of $1.15 per share and $1.18 per share reported in the year-ago quarter, due to an additional 1.655 billion shares issued to...
8Aug2011 | vitalstocks | 0 comments | Continued(AIG) Company News for August 8, 2011 – Corporate Summary
• LinkedIn Corporation Class A Co (NYSE:LNKD) said it had earned profits for the second quarter in its first earnings report after it became a publicly traded company. The company reported adjusted earnings per share of $0.10 on sales of $121 million for the second quarter,...
8Aug2011 | vitalstocks | 0 comments | Continued(AIG) New York Federal Reserve Reports Earnings of $4.68 Billion from AIG Investment Portfolio
The New York Federal Reserve (Fed) has reported that it earned about $4.68 billion from American International Group Inc.’s ( Read More →
31Jul2011 | vitalstocks | 0 comments | Continued(SOLR) Increase Odds of Positive Earnings Surprises
Surprises are, by definition, unexpected. However, since we know that companies that report better-than-expected earnings tend to see their share prices rise after the announcement, and those that disappoint sink, it would be nice to be able to get in front of those that are...
5Jul2011 | vitalstocks | 0 comments | Continued(MET) Metlife to Add Turkish Unit
According to media reports, Dexia SA will vend Deniz Emeklilik & Hayat AS, the insurance unit of Denizbank AS, Dexia’s bank in Turkey to Metlife Inc. (MET) for €161.9 million. Concurrently, France’s AXA is negotiating the distribution of property and casualty insurance...
29Jun2011 | vitalstocks | 0 comments | Continued(MCO) Prudential Financial Upgraded by Moody’s
Last week, credit rating agency Moody’s Investors’ Service, a subsidiary of Moody’s Corp. (MCO), affirmed the debt rating of Prudential Financial Inc. (PRU) at “Baa2” and upgraded its outlook to positive from stable. Prudential has one of the best collections of businesses...
27Jun2011 | vitalstocks | 0 comments | Continued(AIG) Style Anomaly: Value versus Growth
Summer is heating up and some of the greatest baseball rivalries are in full swing. Think Cubs v Cardinals, Red Sox v Yankees and Dodgers v Giants. In the world of stock investing, however, the greatest rivalry is value v growth. One often hears how value stocks outperform growth...
24Jun2011 | vitalstocks | 0 comments | Continued(ACE) ACE Limited Sees Rating Action From A.M. Best
A.M. Best Co. has raised the issuer credit ratings (ICR) and senior debt ratings to “a” from “a-” for ACE Limited (ACE). The outlook has been revised to stable from positive. The rating agency also raised ICR and senior debt ratings to “a” from “a-” for ACE INA...
22Jun2011 | vitalstocks | 0 comments | Continued(XLF) Stock Market News for June 17, 2011 – Market News
Except the Nasdaq, all the benchmarks closed higher on Thursday as investor sentiment was somewhat lifted by economic reports. However, concerns about Greece’s debt situation kept gains in check. The gains made during a volatile trading session were also attributable to the...
17Jun2011 | vitalstocks | 0 comments | Continued(AIG) American International Group’s Nan Shan Deal Back on Track
American International Group Inc.’s (AIG) $2.16 billion sale of its local unit, Nan Shan Life Insurance Co., has finally been sanctioned by Taiwan’s Financial Supervisory Commission (FSC). However, the sanction came with certain conditions. In January this year, AIG accepted...
16Jun2011 | vitalstocks | 0 comments | Continued(AIG) American International Group Nan Shan Deal Back on Track
American International Group Inc.’s (AIG) $2.16 billion sale of its local unit, Nan Shan Life Insurance Co., has finally been sanctioned by Taiwan’s Financial Supervisory Commission (FSC). However, the sanction came with certain conditions. In January this year, AIG accepted...
11Jun2011 | vitalstocks | 0 comments | Continued(XLE) Stock Market News for June 10, 2011 – Market News
Finally, investors enjoyed some cheer as the markets broke their six-day losing streak buoyed by positive data on export levels and a shrinking trade deficit. While this report provided optimism about a recovery in the economy, job data once again failed to suggest any improvement....
10Jun2011 | vitalstocks | 0 comments | Continued(XLE) Stock Market News for June 6, 2011 – Market News
After four consecutive weeks of losses, investor hopes were dashed once again this week as weak economic data dragged the indices down to their fifth straight week of losses. On Friday, weak jobs data from the Labor department ensured that indices remained in the red, reflecting...
6Jun2011 | vitalstocks | 0 comments | Continued(ADP) Stock Market News for June 3, 2011 – Market News
A volatile day of trading came to a close with benchmarks ending in the red and as it stands there are now clear signs of markets heading into a fifth consecutive week of losses. Investors refrained from betting big ahead of the crucial jobs report from the Labor Department,...
3Jun2011 | vitalstocks | 0 comments | Continued(AIG) U.S. Treasury Makes Some Gains on AIG Stock Offering
Yesterday, American International Group Inc. (AIG) announced that it has priced its first secondary stock offering of 300 million shares since 2008, initiated with the US Treasury about a fortnight ago, at $29 per share, raising about $8.7 billion. The par value of these shares...
25May2011 | vitalstocks | 0 comments | Continued(A) Company News for May 16, 2011 – Corporate Summary
• Agilent Technologies’ (NYSE:A) Q2 EPS of $0.74, ex-items, topped the Zacks Consensus Estimates of $0.65 per share • Nvidia’s (NASDAQ:NVDA) Q1 EPS of $0.27 topped the Zacks Consensus Estimate of $0.19 per share • Alibaba Group restructured...
16May2011 | vitalstocks | 0 comments | Continued