AIG Looks Poised for Second-Straight Profit

Updated for latest share price.

NEW YORK (TheStreet) -- American International Group(AIG) is set to report its third-quarter results before Friday's opening bell, and while the headline profit number could get a lift from asset mark-ups, investors should likely pay more attention to the insight the company offers on the state of its balance sheet.

The stock gaining steam towards the close. It was recently changing hands at $39.23, up 8.4% for the session, pulling back slightly after running as high $39.95 before shying away from breaking through $40. Still, the advance is a healthy rebound after the shares slumped below $34 earlier in the week. Even at $40, the stock would still be more than 10% below its forays above $45 in late September. Volume crested 26 million with less than 30 minutes of trading left, well below the issue's 30-day daily average churn of 45.2 million. ...