AIG: Financial Winners & Losers
NEW YORK (
) -- Financial stocks gained on Thursday as speculation rose that banks may be able to raise their dividends.
The
Financial Select Sector SPDR
(XLF) - Get Report
ended up 19 points at $15.62.
American International Group
(AIG) - Get Report
was the big winner of the day. The stock increased $5.56 at $47.78 on
that the U.S. Treasury Department is planning a large AIG stock offering in 2011. Meanwhile, AIG's
Fairholme Capital
purchased nearly two million additional shares over the past several weeks.
Other bank winners Thursday were up on news that management was hopeful of raising dividends. Those include
Wells Fargo
(WFC) - Get Report
up 70 cents at $30.07,
(BAC) - Get Report
up 65 cents at $12.65,
U.S. Bancorp
(USB) - Get Report
up 67 cents at $25.84 and
Bank of New York Mellon
up 22 cents at $28.98.
Another gainer was
MasterCard
(MA) - Get Report
. The stock climbed up 58 cents a share at $251.22 on
the annoucement that the credit card network
agreed to acquire Travelex's prepaid card program for $458 million in cash.
The loser of the day was
HDFC Bank Limited
(HDB) - Get Report
. The stock plummeted $19.14 to $160.78.
--Written by Maria Woehr in New York.
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