Analysts expect AIG to report earnings of $1.09 a share for the third quarter, and revenue of $8.57 billion.
The insurance firm recently agreed to pay New York state $35 million to settle claims that two of its former subsidiaries operated without licenses and misled regulators about their operations, according to the Associated Press. The company said it would drop its legal challenge to New York's probe as part of the settlement. The state agreed to pursue charges or a lawsuit against the company.
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According to the Wall Street Journal, former AIG CEO Maurice Greenberg may be called to testify in a lawsuit against the U.S. government over the company's bailout. Greenberg's investment and charitable firm Starr International said the government overstepped its authority when it asked for a 79.9% equity stake in AIG when it provided the company with an $85 billion emergency loan.
TheStreet Ratings team rates AMERICAN INTERNATIONAL GROUP as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:
"We rate AMERICAN INTERNATIONAL GROUP (AIG) a BUY. This is driven by a number of strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, largely solid financial position with reasonable debt levels by most measures, notable return on equity, increase in net income and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows weak operating cash flow."