AIG (AIG) Higher After Government Gives Fannie and Freddie Revised Terms
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Get Alerts AIG Hot Sheet
Price: $75.33 +0.40%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 2.5%
EPS Growth %: -17.3%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 2.5%
EPS Growth %: -17.3%
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American International Group, Inc. (NYSE: AIG) is seeing interest today after the U.S. Treasury removed the funding cap on Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE).
Not sure what the relationship is here, but because AIG is mostly government owned too we suppose traders feel that if FNM/FRE can get their terms modified so can AIG.
Shares of AIG are up 7% today to $32.20.
Not sure what the relationship is here, but because AIG is mostly government owned too we suppose traders feel that if FNM/FRE can get their terms modified so can AIG.
Shares of AIG are up 7% today to $32.20.
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