Deutsche Bank Comments on American International Group's (AIG) Q1

May 6, 2014 10:23 AM EDT
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Price: $66.06 -0.44%

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    19 Buy, 10 Hold, 1 Sell

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Deutsche Bank maintained a Hold rating on American International Group (NYSE: AIG) with a price target of $55. Comments follow Q1 results.

Analyst Joshua Shanker said, "AIG's result compared with our forecast of $1.02 and Street consensus of $1.07. While a sizable EPS beat, the differences with our numbers largely relate to outsized performance in capital market sensitive line items like $469mm in mark-to-market gains on the DIB/GCM business (vs. none in our model) and $862mm in alternative/other investment income (vs. our $782mm). These two items combine for $0.21 in earnings. We were forecasting about $0.84 in "normalized" core earnings, and AIG produced approximately $0.79. The slow progress on core earnings growth is key to our Hold recommendation."

For an analyst ratings summary and ratings history on American International Group click here. For more ratings news on American International Group click here.

Shares of American International Group closed at $52.72 yesterday.

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