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Treasury Sells $6 Billion in AIG Stock, Scaring Off Investors
Thursday, March 8, 2012 - 10:18am
American International Group (NYSE: AIG) is down roughly 3% during pre-market trading after the U.S. Department of the Treasury announced an offering of $6 billion of its AIG common stock. An additional $900 million of its stock in AIG may be offered as well, as the Treasury said that it will also...
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Wednesday, February 22, 2012 - 7:22am
Earnings Preview: American International Group
American International Group (NYSE: AIG) is scheduled to report fourth-quarter 2011 results tomorrow, February 23, after the markets close. The stock of this global insurance giant has been on the rise since the beginning of the year. And analysts are expecting a profit instead of the loss AIG saw...
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Sunday, February 19, 2012 - 10:46am
Earnings Expectations for the Week of February 20
The focus turns to earnings from retailers this week. Abercrombie & Fitch (NYSE: ANF) and Nordstrom (NYSE: JWN) kicked things off last week. The former posted lower earnings per share in line with estimates, while the latter narrowly beat EPS expectations but revenues fell short. Here is a look...
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Blackstone Among Investors Vying for Anglo Irish's U.S. Loans
Wednesday, August 10, 2011 - 9:47am
Investor groups said to be vying for $9.65 billion in U.S. property loans held by Anglo Irish Bank include those led by Blackstone Group (NYSE: BX), Centerbridge Capital Partners, TPG Capital and Cerberus Capital Management. The deadline for bids was yesterday. The Dublin-based bank was...
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Sunday, July 31, 2011 - 10:02am
Earnings Expectations for the Week of August 1
Quarterly reports of note scheduled for this week include those from Archer Daniels Midland (NYSE: ADM), General Motors (NYSE: GM), MasterCard (NYSE: MA), Procter & Gamble (NYSE: PG) and Time Warner (NYSE: TWX), all of which are expected to post earnings growth, as well as Pfizer (NYSE: PFE)...
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Bank Of America Reports American International Values Stake In Maiden Lane III At Over $7 Billion
Friday, June 17, 2011 - 7:47amAccording to Bank Of America, American International (NYSE: AIG) values its stake in Maiden Lane III at over $7 billion, providing estimated annual revenue of over $600M. Bank Of America said that the Federal Reserve reported a June 8th, Maiden Lane II net portfolio value of $12.5B, however the...
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Bank of America Comments on Aon Study and How it Affects AIG
Thursday, June 16, 2011 - 7:59amIn a “published study on the adequacy of the non-life insurance industry's loss reserves, Aon Benfield (a reinsurance intermediary and capital advisor) broke out a view on American International Group's (NYSE: AIG) loss reserves as of 12/31/10 using adjusted Schedule P data,” Bank of America...
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Bank of America Initiates AIG At Buy, $37 PO
Friday, June 10, 2011 - 6:29amBank of America has initiated coverage on American International Group (NYSE: AIG) with a Buy rating and $37 price objective.
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Deutsche Bank Initiates American International Group At Buy, $34 PT
Thursday, June 9, 2011 - 6:04amDeutsche Bank has initiated coverage on American International Group (NYSE: AIG) with a Buy rating and $34 price target.
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Goldman Sachs Initiates AIG At Neutral, $31 PT
Wednesday, June 8, 2011 - 5:54amGoldman Sachs has initiated coverage on American International Group (NYSE: AIG) with a neutral rating and $31 price target.
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