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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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.
About http://www.otcblaze.com
Our goal is to make money and help you make money too. We focus on stocks trading on the OTCBB and Pinksheets. We find that the opportunities in these markets to double or triple your investment in weeks, days or even hours is much greater than in other markets. We've seen it, we've done it, and now we want to help you get in on the action too. We do, on occasion, have some picks from the big boards too!!
Disclaimer
The disclaimer is to be read and fully understood before using our site or joining our email list.
PLEASE NOTE: The OTCBlaze.com employees are not Registered as an Investment Advisor in any jurisdiction whatsoever.
Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. Many times we are compensated to feature companies on our site which causes a conflict of interest.
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Email us
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