Financial Business Recap: Berkshire Hathaway BEATS The S&P, Goldman Sachs PAYS Settlement

American Capital Agency (NASDAQ:AGNC) prices its 32 million secondary offer, estimating gross proceeds of $1.09 billion, which implies a price of around $34, which would represent 16 percent above book value.

Capital One Financial Corporation (NYSE:COF) is ordered by regulators to pay as much as $210 million to settle allegations that it used deceptive marketing tactics to mislead customers into paying for add-on products such as credit monitoring. Parties who were affected by the actions will be reimbursed by the Corporation, and it also is required to cease the sale of debt suspension/cancellation products.

Don’t Miss: BancorpSouth Second Quarter Earnings Sneak Peek.

Berkshire Hathaway (BRK.B) is easily beating the S&P so far in 2012, plus doing it with much lower volatility. More than 20 percent of Warren Buffett’s portfolio is invested in Wells Fargo & Co., (NYSE:WFC), who is by far the current dominant player in the mortgage market, and then there is a long list of Berkshire subsidiaries that are linked to homebuilding or remodeling.

Goldman Sachs (NYSE:GS) reaches a settlement in a class-action lawsuit in which investors claim losses on $698 million worth of securities, backed with mortgages issued by New Century Financial. Terms of the agreement have not been divulged.

Don’t Miss: GE Second Quarter Earnings Sneak Peek.

Want news like this in real-time so you can get an edge? Click here for Wall St. Cheat Sheet Pro.