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Most Active Financial Stocks (BAC, Genworth Financial, Inc., American International Group, Inc., Allied Irish Banks, plc.)

Posted by admin 1037 days ago (http://emailwire.com)

(EMAILWIRE.COM, August 17, 2010 ) New York, NY -The U.S. financial sector inched lower Monday, closing down for a fifth straight session after markets reacted to the latest economic data and a further decline in home-builder confidence. Bank of America Corporation (NYSE:BAC) slid 0.30% to $13.19 on over 99.80 million shares. The company said on Sunday that it is planning to sell 34% in BlackRock, Inc. as it failed to live up to the expectations of the bank's core asset. BoA inherited more than 64 million common and preferred shares of BlackRock, when it acquired Merrill Lynch. According to BoA's spokespersons, the bank is also trying to sell its non-core assets, as it is preparing for future economic downturns. So far, the market capitalization of the stock stands at $132.35 billion. In the past one year of trading sessions, the stock fell more than 24%. To get FREE Stock newsletters, please sign up at http://www.otcblaze.com Genworth Financial, Inc. (NYSE:GNW) added 1.09% to $12.03 on over 6.93 million shares after the stock was upgraded to outperform from market perform by Raymond James. The move reflects "current equity market valuations and the stock's recent pullback to below the $12 level," the analysts wrote in a note. American International Group, Inc. (NYSE:AIG) lost 1.94% to $35.96 on 3.44 million shares. The stock today opened at $36.31 and traded in the range of $35.51-$36.50. The daily average volume of the stock is 4.62 million shares. In the last 5 trading sessions, the stock went down more than 12%. Allied Irish Banks, plc. (ADR) (NYSE:AIB) dropped 2.29% to close at $2.13 on over 2.42 million shares. The stock is very close to its 52-week low of $2.06, made by the stock in the month of July, 2010. Allied Irish Banks, p.l.c. together with its subsidiaries (collectively referred to as the AIB Group or the Group), conducts retail and commercial banking business in Ireland. It also provides corporate lending and capital markets activities from its head office at Bankcentre and from Dublin's International Financial Services Centre. About http://www.otcblaze.com Our goal is to make money and help you make money too. We focus on stocks trading on the OTCBB and Pinksheets. We find that the opportunities in these markets to double or triple your investment in weeks, days or even hours is much greater than in other markets. We've seen it, we've done it, and now we want to help you get in on the action too. We do, on occasion, have some picks from the big boards too!! Disclaimer The disclaimer is to be read and fully understood before using our site or joining our email list. PLEASE NOTE: The OTCBlaze.com employees are not Registered as an Investment Advisor in any jurisdiction whatsoever. Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. Many times we are compensated to feature companies on our site which causes a conflict http://www.otcblaze.com Editor 732-229-0668 info@otcblaze.comSource: EmailWire.Com

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