Wall Street's Wise AIG Buy?
Is AIGa good buy for Wall Street? The underwriters of the Treasury's $18 billion AIG stock sale earlier this week exercised their options to buy $2.7 billion worth. This included Citigroup, Deutsche Bank, Goldman Sachs, and JPMorgan Chase.
Although too-big-to-fail investing in too-big-to-fail brings up some concerns, Fool analyst Anand Chokkavelu thinks it could be a good deal for the banks. see the following video below. (Note that the video was filmed before the underwriter option exercises).
With so many of the big finance firms getting bad press these days you may be inclined to stay away from the sector entirely, but that could be a huge mistake. In fact some of the best opportunities over the next few years can be found there, including one small, under-the-radar bank. It's been called one of The Stocks Only the Smartest Investors Are Buying. You can learn about it, and more, in our exclusive free report. Just click here to keep reading.
The article Wall Street's Wise AIG Buy? originally appeared on Fool.com.Anand Chokkavelu owns shares of Citigroup and JPMorgan Chase and warrants in Citigroup, JPMorgan Chase, and AIG. Andrew Tonner has no positions in the stocks mentioned above. The Motley Fool owns shares of AIG, Citigroup, and JPMorgan Chase and has options on AIG. Motley Fool newsletter services recommend AIG and Goldman Sachs. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.