4 Financial Stock Stories For Thursday Perusal

The Royal Bank of Scotland Group (NYSE:RBS): Current price $9.77

On Thursday, the bank said that it would slash an additional 1,400 jobs, as it moves forward with reducing operations to boost profitability. The United Kingdom government controls an 81-percent interest in the company, subsequent to a multibillion-dollar bailout during the financial crisis. RBS said that the layoffs would be taken from its local retail operations and would be isolated to so-called back-office functions. The bank announced in May that it was getting closer to privatization after posting a first-quarter net profit of 393 million pounds.

Are these stocks a buy or sell? Let us help you decide. Check out our Stock Picker Newsletter now.

RBS

KeyCorp (NYSE:KEY): Current price $10.69

KeyCorp announced Thursday that its board has declared the following dividends for the second quarter: A cash dividend of 5.5 cents per share on the corporation’s outstanding common shares, payable June 14 to holders of record of common shares as of the close on May 28. Also, a dividend of $1.9375 per share on the corporation’s outstanding 7.750 percent Non-Cumulative Perpetual Convertible Preferred Stock, Series A, to holders of record as of the close on May 31, for the period commencing on (and including) March 15 to (but excluding) June 15. The dividend will be paid on June 17.

Are these stocks a buy or sell? Let us help you decide. Check out our Stock Picker Newsletter now.

KEY

Lloyds Banking Group (NYSE:LYG): Current price $3.75

Chief Executive Antonio Horta-Osorio says that Lloyds will return to profitability in 2013, thus permitting the United Kingdom government to begin divesting its stake in the lender, commenting, “We expect this to enable us to return to profitability this year and to grow our core business, to realize our full potential to deliver strong, stable and sustainable returns for you, the shareholders, and to allow U.K. taxpayers’ investment in the group to be repaid.” Horta-Osorio’s remarks were heard at the lender’s annual general meeting in Edinburgh on Thursday.

Are these stocks a buy or sell? Let us help you decide. Check out our Stock Picker Newsletter now.

LYG

BlackRock (NYSE:BLK): Current price $288.33

BlackRock and Western Asset Management Co. are offering a new concept on traditional money-market funds, while regulators are poised to impose broad changes on the $2.58-trillion industry. BlackRock, as the world’s number-one money manager, and Legg Mason’s (NYSE:LM) Western Asset division have initiated bond funds created to work similarly to money funds, but with a crucial difference: the new “ultra-short” funds have share prices that vary along with the value of their holdings, as opposed to a fixed net asset value, making for a distinguishing feature of money funds. Further, they have shorter maturities than the similar ultra-short bond funds that hit the wall when credit markets froze in 2008.

Are these stocks a buy or sell? Let us help you decide. Check out our Stock Picker Newsletter now.

BLK

Don’t Miss: Housing Starts Plunge to Worst Level in 5 Months.