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AIG: Financial Winners and Losers

The decision by JPMorgan to lift the salary freeze is part of its year-end performance and compensation review process, according to a memo from human resources director John Donnelly.

JPMorgan shares were slipping by 1.1% to $43.86. Other bank stocks were trading mixed Tuesday, with Bank of America (BAC - Get Report) rising 0.8% to $15.89, Citigroup (C - Get Report) was flat at $4.19, Goldman Sachs (GS) slipped 0.3% to $176.05 and Wells Fargo (WFC) lost 1% to $28.11.

Among analyst moves, Legg Mason (LM - Get Report) slipped 0.3% to $31.50 even after Credit Suisse upped its stock price target for the asset management company to $35 from $33. The firm lowered its fourth-quarter earnings estimate to 37 cents a share from 38 cents, while it increased its full-year 2011 earnings estimate to $1.57 a share from $1.53.

Elsewhere, Deutsche Bank upgraded Royal Bank of Scotland (RBS) to buy from hold, while Keefe, Bruyette & Woods downgraded Allied Irish Banks (AIB) to underperform from market perform. Royal Bank of Scotland shares were falling 2.5% on the New York Stock Exchange to $13.18, and Allied Irish Banks shares were dropping 9.2% to $5.73.

-- Written by Robert Holmes in New York.

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AIG $55.82 0.00%
BAC $14.56 0.00%
C $46.28 0.00%
JPM $63.20 0.00%
LM $32.11 0.00%


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S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

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