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AIG: Financial Winners & Losers

AIG shares fell after the insurer said it will not consider revisions to the sale of AIA to Prudential PLC.

(AIG and other stock prices brought current in this update.)



) --

American International Group

(AIG) - Get Report

was among the losers of the financial sector Tuesday after the insurer rejected a proposal that would lower the price of its Asian unit.


said it will not consider revisions to the $35.5 billion sale of its AIA Asian unit to

Prudential PLC

(PUK) - Get Report

. "After careful consideration, the company will adhere to the original terms of its previously announced agreement with Prudential," AIG said in a statement.

Last week,

Prudential PLC

said discussions with AIG to renegotiate the price of the AIA deal were continuing and that it "may or may not lead to a change in the terms of the combination of AIA Group Limited and Prudential."

After trading higher earlier in the day, AIG shares were lately down 50 cents, or 1.4%, to $34.88. Prudential PLC shares trading in New York were rising 7.6% to $16.79.

Most U.S. bank stocks were trading lower Tuesday afternoon.

Goldman Sachs

(GS) - Get Report

relinquished early gains and fell 0.2% to $143.94,


(C) - Get Report

slipped 0.5% to $3.94,

Morgan Stanley

(MS) - Get Report

was down 0.8% to $26.90, and

JPMorgan Chase

(JPM) - Get Report

was off 0.6% to $39.36.

On the upside,

Bank of America

(BAC) - Get Report

remained in positive territory, advancing 0.1% to $15.76, and

Wells Fargo

(WFC) - Get Report

was up 0.5% to $28.83.

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Overseas banks were mixed despite continued concern over the European debt crisis and its impact on the global recovery.

Lloyds Banking Group

(LYG) - Get Report

climbed 2.4%,

Royal Bank of Scotland

(RBS) - Get Report

rose 2.5%, and



tacked on 2.8%.


Bank of Ireland


fell 3.9%,

National Bank of Greece


was down 2.5%, and

Banco Bilbao Vizcaya Argentaria

(BBVA) - Get Report

slid 1.4%.

Back in the U.S.,


(V) - Get Report

shares traded higher after Stifel Nicolaus analysts upgraded the stock to buy from hold with a price target of $86, citing valuation. Separately, Visa said it has added $500 million to its litigation escrow account. Visa shares were lately up 0.6% to $72.90.

In other analyst actions, Keefe Bruyette & Woods analysts upgraded

Nasdaq OMX Group


to outperform from market perform with a price target of $24. "The current environment is good for business and we believe management has made significant strides to position its balance sheet to facilitate acquisitive growth and share repurchases," the firm said.

Nasdaq OMX shares were up 1.2% to $18.81.

NYSE Euronext


shares were down 1.3% to $28.31 after KBW analysts cut their price target for the exchange to $31 from $34.

-- Written by Robert Holmes in Boston


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