Trefis Picks of the Week for Financials, Energy & Natural Resources

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Financials, Energy & Natural Resources

Below is a summary of some of the top articles related to companies we cover for the week that investors may find useful. This is a collection of articles from top websites.

Financials

AIG (NYSE:AIG)

AIG to fully repay U.S. government, on January 12, 2011 “CNNMoney.com”

AIG plans to issue 75 million warrants that will allow current shareholders to purchase common stock at price of $45. AIG plans to fully repay the government and will convert outstanding preferred shares acquired by the Treasury into common stock.

AIG agrees $2.2 billion sale of Taiwan unit after long delay on Jan 12, 2011 “Reuters.”

AIG has been trying to sell some of its businesses as part of its plans to help pay back the U.S. government and has accepted a $2.16 billion cash offer for its Taiwan Nan Shan Life unit from Ruentex.

MetLife (NYSE:MET)

Fidelity And MetLife Announce First Year Sales of over $1 Billion on January 10, 2011 “BusinessWire”

MetLife partnered with Fidelity to launch a variable annuity product named MetLife Growth and Guaranteed Income (MGGI) which has registered strong sales amongst the retiring ‘baby boomer’ population.

Boomers look to long-term insurance on January 9, 2011 “Poughkeepsie Journal”

A recent study by Greenwald and Associates indicates that baby boomers are more inclined towards long-term insurance than ever before which could possible increase sales for insurance companies like MetLife.

Bank of America (NYSE:BAC)

End of free checking? Bank of America to test account fees on January 6, 2011 “McClatchy”

Bank of America, in an attempt to make up for fees lost to new laws and regulations, has introduced new bank accounts on which the customers could shell out $72 to $300 a year to use accounts and debit cards unless they take steps to avoid the fees, such as maintaining minimum balances or using credit cards.

Lawmaker: Was Bank of America settlement a good deal? on Jan 12, 2011 “MiamiHerald”

In the article, the author is raising questions about Bank of America’s settlement with the government over soured mortgage-backed securities, asking whether the government got the best deal for taxpayers.

Capital One (NYSE:BAC)

Capital One triples Canada customers on January 11, 2011 “Washington Business Journal”

Capital One acquired Hudson Bay Co.’s credit card business from GE Capital Retail Finance, almost tripling the number of credit card customers Capital One has in Canada boosting its stock.

JP Morgan (NYSE:JPM)

Big Banks with Big Legal Bills on January 13, 2011 “BusinessWeek”

JPMorgan reported $5.2 billion of legal costs in the first nine months of 2010 which is threatening their profits and the stock price gains they made in 2010.

JP Morgan reports 47% profit jump on January 14, 2011 “BBC”

JP Morgan reported a 47% jump in net profits for Q4 2010, ahead of analyst estimates as it benefited from fewer bad loans.

J.P. Morgan: China Is Key on January 10, 2011 “WSJ”

JP Morgan received approval for securities venture in mainland China which will allow it to underwrite stocks and bonds in mainland China.

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Energy & Natural Resources

Anadarko (NYSE:APC)

Should You Invest Into Anadarko Petroleum Corporation (NYSE: APC)? on January 11, 2011 “iStockAnalyst”

The article analyzes Anadarko’s stock and suggests that its a good buy based on its recent deepwater discoveries and financial results.