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American International Group, Inc. (AIG) [hlAlert]

Rating:
Mkt Perform
AIG

American International Group, Inc. (AIG) rated Mkt Perform by Wachovia

Posted on: Tuesday,  Jul 15, 2008  8:25 AM ET by Wachovia

American Intl (AIG)
rated Mkt Perform by Wachovia.

American International Group, Inc. (AIG) is a holding company which, through its subsidiaries, is engaged in a range of insurance and insurance-related activities in the United States and abroad. AIG?s primary activities include both General Insurance and Life Insurance & Retirement Services operations. Other significant activities include Financial Services and Asset Management. The Company operates in four segments: General Insurance, Life Insurance & Retirement Services, Financial Services and Asset Management. Through these operating segments, AIG provides insurance, financial and investment products and services to both businesses and individuals in more than 130 countries and jurisdictions. In December 2008, AIG?s United States life insurance companies sold its residential mortgage-backed securities portfolio to Maiden Lane II LLC. On April 1, 2009, AIG completed the sale of AIG Life of Canada to BMO Financial Group, and Hartford Steam Boiler to the Munich Re Group.

Wachovia offers a full range of products and services to meet the needs of corporate and institutional clients nationwide. These include capital raising, market making, and financial advisory products and services, to name just a few. We have the experience and resources you need to help your business grow and succeed. With a unified culture and integrated platform, ours is an organization that executes without distraction. We are focused and proactive, working as a team to deliver the ideas and capital for your needs.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/15/2008 8:25 AM Hold
None
427.80
as of 12/24/2008
1 Week down  -9.87 %
1 Month up  5.03 %
3 Months up  6.56 %
1 YTD down  -93.17 %

(*) Stock Price at the time of the recommendation.
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