JPMorgan Chase & Co. (NYSE:JPM) lifted Argentine bonds to overweight from market weight, stating that debt prices previously showed investor doubt regarding capital controls and nationalizations and that economic progress could pick up pace.
Argentina’s economy has slipped down and is in the process of taking advantage from both a cyclical boost and a more relaxed balance of payments position that should go through into 2013,” Vladimir Werning, a JPMorgan expert in New York, stated in a report.
In the last trading session, Morgan Stanley (NYSE:MS) fell -2.41% and closed at $17.80 with the total traded volume of 23.21 million shares. It has outstanding shares of 1.98 billion with the total market capitalization of 35.16 billion and its beta value stands at 1.58 times.
Morgan Stanley is a worldwide financial services firm that, through its subsidiaries and affiliates, offers its products and services to a range of clients and customers, including corporations, governments, financial institutions and individuals. The firm operates in three diverse segments: Institutional Securities, Global Wealth Management Group and Asset Management. The Company offers financial advisory and capital-raising services to a group of corporate and other institutional clients globally.
Shares of American International Group, Inc. (NYSE:AIG) moved down -0.77% and closed at $34.75 with the total traded volume of 23.05 million shares. The stock opened at $34.90 and its shares were trading within the range of $34.52-$34.99. AIG has earnings per share of $11.31 and its price to earnings ratio ended at 3.07.
An international insurance firm, American International Group, Inc. (AIG), is serving customers in more than 130 countries. AIG serves more commercial, institutional and individual customers throughout property-casualty networks of any insurer. Further, AIG firm are providers of life insurance and retirement services in the United States. AIG’s segments comprise Chartis, SunAmerica Financial Group (SunAmerica), Aircraft Leasing and Other Operations.
Regions Financial Corporation (NYSE:RF) lost -3.02% with the closing price of $7.39. The overall volume in the last trading session was 16.63 million shares. Its fifty two week range was $2.82-$7.73. The total market capitalization remained $10.44 billion.
RF is ahead of its 52 week low 163.71% and its last month price volatility remained 2.25%. Its beta coefficient was 1.52 with a target price of $7.71. The Company’s current year earnings per share grew 96.48% while the five year EPS growth rate was -24.42%.
A financial holding firm, Regions Financial Corporation, operate throughout the South, Midwest and Texas. The firm offers traditional commercial, retail and mortgage banking services, plus other financial services in the fields of investment banking, asset management, trust, mutual funds, securities brokerage, insurance and other specialty financing. Regions conducts its banking operations throughout Regions Bank, a commercial bank.