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Financial Stocks Closed Lower (AET, ACE, AIG, LYG)

Financial Stocks Closed Lower

 



(EMAILWIRE.COM, July 29, 2010 ) New York, NY -Aetna Inc. (NYSE:AET) dropped 2.86% to $27.55 with over 6.53 million shares. The company said late Tuesday its second-quarter profit totaled $491 million, or $1.14 a share, from $347 million, or 77 cents a share, in the same quarter a year before. Analysts had expected earnings on average of 73 cents a share on sales of $8.4 billion, according to a FactSet Research survey.

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ACE Limited (NYSE:ACE) lost 0.94% to $52.97 on 4.77 million shares. The company reported a 25% increase in quarterly net income late Tuesday as the insurance and reinsurance company realized fewer investment losses than a year earlier. Second-quarter net income came in at $677 million or $1.98 a share, versus $535 million, or $1.58 a share, in the same period a year earlier.

American International Group, Inc. (NYSE:AIG) also went down 0.31% to $39.03 on over 4.22 million shares. American International Group, Inc. is a holding company, which through its subsidiaries, is engaged primarily in a range of insurance and insurance-related activities in the United States and abroad.

Lloyds Banking Group PLC (ADR) (NYSE:LYG) decreased 2.92% to $4.32. Lloyds Banking Group plc is a financial services group providing a range of banking and financial services, primarily in the United Kingdom, to personal and corporate customers. The Company operates in four segments: Retail, Wholesale, Wealth and International and Insurance.


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