3 Highlights From the Week's Financial News
It may have been a short week for the markets after Monday's holiday, but the financials sector is never short on news. I've dug through the Fool's financial sector coverage over the past week to highlight three stories you don't want to overlook.
Read on for this week's big news.
1. A "Pivotal Year" in AIG's History
Bringing up the rear of earnings season for the big names in the financials sector is insurance juggernaut AIG . Jessica Alling told us what to watch for in the report, and Matt Koppenheffer followed up with a recap of not just the quarter, but the past year for the company. While Matt admits the initial results don't look awesome -- which was partially expected thanks to the toll Hurricane Sandy took on insurers exposed to the east coast -- he reminds investors "to step back and appreciate the progress AIG notched during all of 2012."
2. Did Brian Moynihan Deserve a Raise?
John Maxfield believes he does with an emphatic "yes." Other investors may not be so sure, though, and they made their sentiments known via Bank of America's tumbling share price this week. However, Maxfield notes that Moynihan has done quite the bang-up job cleaning up B of A's mortgage mess and deserves to be recognized for it. And besides, Matt Koppenheffer reminds us that there are at least nine people still getting paid more than the megabank's CEO.
3. One Fascinating Chart About Banks
Less news and more smart stock research: John Maxfield provides some helpful information -- curated into one easy-to-grasp chart -- to anyone hoping to better understand and more smartly invest in banks. If you're looking to dip your toe into the banking world, take a peak.
And now might be a great time to dip that toe indeed -- Bank of America's stock doubled in 2012, after all. Is there more yet to come? With significant challenges still ahead, it's critical to have a solid understanding of this megabank before adding it to your portfolio. In The Motley Fool's premium research report on B of A, analysts Anand Chokkavelu, CFA, and Matt Koppenheffer, Financials bureau chief, lift the veil on the bank's operations, including three reasons to buy and three reasons to sell. Click here now to claim your copy, and as an added bonus, you'll receive a full year of FREE updates and expert guidance as key news breaks.
The article 3 Highlights From the Week's Financial News originally appeared on Fool.com.
Abbie Redmon has no position in any stocks mentioned. The Motley Fool recommends American International Group. The Motley Fool owns shares of American International Group and Bank of America and has the following options: Long Jan 2014 $25 Calls on American International Group. Try any of our Foolish newsletter services free for 30 days. We Fools may not 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.
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