AIG reported a 61 billion dollar loss for the 4th quarter and received a separate bailout today, March 2, 2009. In an effort to stop systemic risk, AIG will receive an additional 30 billion to stop the damaged insurer from going bankrupt.
American International Group's ( AIG ) stock price is actually going up on this news in pre market trading while futures tank. AIG is trading at $0.52 - Up 24%.
As part of the latest bailout effort, the Fed will reduce a $60 billion credit facility in exchange for taking a preferred interest in AIG subsidiaries American Life Insurance Company and American International Assurance Company. The credit line will not fall below $25 billion.
CNBC's Steve Leisman said that for many years AIG took huge risk with no regulation and when the music stopped, there wasn't even a chair in the room to sit down on.
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Showing posts with label aig stock price. Show all posts
Showing posts with label aig stock price. Show all posts
Monday, March 2, 2009
Thursday, February 26, 2009
Bank Stocks 2/26/09 February 26, 2009
Today, 2/26/09, the bank stocks are going up in pre market after two straght positive days for most banking stocks. Bank of America BAC has doubled since Friday.
Banking Stock Update - February 26, 2009 - Pre Market
AIG Group ( AIG ) - $0.63 Up 37% - AIG company could be split up
Lloyds Banking Group ( LYG ) - $4.10 Up 25.77% - Lloyds Banking In Talks With UK Government, No Terms Agreed Yet
ING ( ING ) - $5.11 Up 14.50% - ING Chief Says Share Price Doesn’t Reflect Company’s Strength
Citigroup ( C ) - $2.76 Up 9.52%
Bank of America ( BAC ) $5.65 Up 9.50%
For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free
Banking Stock Update - February 26, 2009 - Pre Market
AIG Group ( AIG ) - $0.63 Up 37% - AIG company could be split up
Lloyds Banking Group ( LYG ) - $4.10 Up 25.77% - Lloyds Banking In Talks With UK Government, No Terms Agreed Yet
ING ( ING ) - $5.11 Up 14.50% - ING Chief Says Share Price Doesn’t Reflect Company’s Strength
Citigroup ( C ) - $2.76 Up 9.52%
Bank of America ( BAC ) $5.65 Up 9.50%
For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free
Wednesday, February 25, 2009
Bank Stocks 2/25/09 February 25, 2009
Today, 2/25/09, the bank stocks are going up in pre market after a major short squeeze yesterday. Barack Obama didn't give any banking details in his speech last night so these banks could be volatile today.
Banking Stock Update - February 25, 2009 - Pre Market
Citigroup ( C ) - $2.71 Up 4.21% - Citigroup May Sell Nikko Citigroup Unit in Japan, Mainichi Says
Bank of America ( BAC ) - $4.78 Up 1.08% - Ben Bernanke says Citigroup, Bank of America will survive.
American International Group ( AIG ) - $0.44 Up 7.32% - AIG in talks for third bail-out as insurer is braced for huge losses
For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free
Banking Stock Update - February 25, 2009 - Pre Market
Citigroup ( C ) - $2.71 Up 4.21% - Citigroup May Sell Nikko Citigroup Unit in Japan, Mainichi Says
Bank of America ( BAC ) - $4.78 Up 1.08% - Ben Bernanke says Citigroup, Bank of America will survive.
American International Group ( AIG ) - $0.44 Up 7.32% - AIG in talks for third bail-out as insurer is braced for huge losses
For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free
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