The AIG Give-Back (AIG)
American International Group, Inc. (NYSE: AIG) is trading lower this morning because of the complexity of the earnings report. But operating earnings on an adjusted basis came to $2.85 EPS. Obviously there is a loss and trouble on items and ongoing issues. At 9:38 AM EST we have seen some 6 million shares trade hands [...]
Fannie Busting the Buck… (FNM, FRE)
Fannie Mae (NYSE:FNM) “broke the buck” in pre-market trading this morning after it recorded a net loss of $18.9 billion for the third quarter of 2009. Including $883 million in dividends on the senior preferred stock, the net loss attributable to common stockholders was $19.8 billion, or $3.47 per diluted share. The company is also [...]
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