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


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

Below is a summary of featured articles across the financials, energy, and natural resources sectors that investors may find useful on AIG ( AIG ), MetLife ( MET ), Bank of America ( BAC ), JPMorgan Chase ( JPM ), Nasdaq OMX ( NDAQ ), ConocoPhillips (COP) and Anadarko (APC).



AIG offers to buy back subprime bonds , on March 11, 2011, "Market Watch"

AIG has offered $15.7 billion to the Federal Reserve Bank of New York to buy back a portfolio of subprime mortgage bonds. The insurer has gradually been unwinding itself from government assistance, such as repaying credit lines, though the U.S. Treasury holds 92% of the common stock.

WikiLeaks: As AIG crumbled, China stepped in , on March 11, 2011, "SMH"

According to the unpublished diplomatic cables, the US officials believe that the Chinese regulators passed on proprietary information about AIG to its Chinese rivals during the American firm's collapse in 2008.

AIG Adopts Plan To Protect Tax Assets , on March 10, 2011, "PropertyCasualty360″

AIG has taken steps to protect its $65 billion tax assets by adopting "Tax Asset Protection Plan." The company's ability to use its tax assets could be significantly limited if one or more shareholders buy 5% or more of its shares.

ILFC Plans to Buy $11.8 Billion Worth of Airbus, Boeing Jets, on March 08, 2011, "Business Week"

AIG's plane leasing unit will buy 100 Airbus SAS aircraft and 33 Boeing Co. 737s, $11.8 billion in planes at list prices, as airlines refresh their fleets amid rising travel demand.

MetLife ( MET )

MetLife Will Reduce Holdings of Financial-Firm Debt, CEO Says, on March 9, 2011, "SFGate"

Robert Henrikson, CEO of MetLife, said that the company that owned $160.7 billion of corporate bonds at year-end, plans to reduce its holdings of debt issued by financial firms

Looking at inheritance for Boomers, on March 06, 2011, "The Mercury"

According to a study by MetLife Mature Market Institute, baby boomers stand to inherit $8.4 trillion at 2009 levels.

Who Were the Top 20 Annuity Writers in 2010?, onMarch 4, 2011, "Financial Planning"

LIMRA released a list of its top 20 writers of overall total annuities, variable annuities and fixed annuities for 2010. MetLife emerged at the second spot behind Prudential Annuities with a total annuity sales of $20.7 billion.

Bank of America ( BAC )

Bank of America may close 10% of branches, on March 9, 2011, "Business Journal"

Bank of America may close 10% of its branches as customers are migrating to online and mobile banking services for basic transactions and the bank refocuses on cross-selling and new technology.

JPMorgan Chase ( JPM )

J.P. Morgan Clears the Air on Derivatives, on March 10, 2011, "WSJ"

J.P. Morgan Chase took what it says is a big step forward by trading credit derivatives with six customers on terms that it believes are broadly consistent with new rules for the over-the-counter swaps market.

JPMorgan Says Dodd-Frank Favors Europe's Banks, on March 9, 2011, "NYTimes"

A report from JPMorgan Cazenove said that the big banks in Britain, Germany and France could benefit from regulatory arbitrage opportunities and gain market share, thanks to the elements of the Dodd-Frank financial regulatory law.

JPMorgan Ranks No. 1 in Bond Fees as Low Rates Spur Refinancing, on March 7, 2011, "Bloomberg"

According to Bloomberg data, JPMorgan was the top underwriter in 2010 earning $1.26 billion in fees.

Nasdaq OMX ( NDAQ )

Equities traded on NASDAQ Dubai reaches $71 million in February, on March 13, 2011,"CPI Financial"

The value of shares traded on NASDAQ Dubai reached $71 million in February 2011, but this was almost half the February 2010 figure of $133.4 million.

Energy & Natural Resources

ConocoPhillips (COP)

ConocoPhillips cuts drilling of new gas wells, on March 9, 2011,"The Globe and Mail"

ConocoPhillips, Canada's third-largest natural gas producer, has dramatically cut the number of new gas wells it drills, allowing existing production to fade as it pours money into the oil sands.

Anadarko Petroleum (APC)

Anadarko's Ghana Successes Continue , on March 4, 2011,"Zacks"

Oil and gas company Anadarko Petroleum Corporation announced the success of its Enyenra-2A (formerly known as Owo) appraisal well, offshore Ghana. The well, which encountered more than 120 net feet of pay, confirms that the Owo discovery is a major "light oil field".

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ, Inc.

This article appears in: Investing , Investing Ideas , Stocks , US Markets

Referenced Stocks: AIG , BAC , JPM , MET , NDAQ



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