4 Financial Stock Stories Making News on Tuesday

JPMorgan Chase & Co. (NYSE:JPM): Current price $54.95

JPMorgan’s chief market strategist said the worst first half of the year on record for corporate bonds may only worsen. Since May 22, when Federal Reserve Chairman Ben Bernanke advised Congress that the central bank might start curtailing its stimulus program if economic conditions justify it, the notes have lost on average 3.7 percent, according to Bank of America Merrill Lynch index data. These losses compare with a fall of 2.9 percent for government securities.

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

JPM

Goldman Sachs Group Inc. (NYSE:GS): Current price $156.66

Federal regulators on Tuesday moved further toward requiring eight of the biggest U.S. banks to meet a stricter state of health so as to lower their threat to the financial system. The Federal Reserve, the Federal Deposit Insurance Corp., and the Office of the Comptroller of the Currency proposed that the banks increase their ratio of equity to loans and other assets from 3 to 5 percent. Beyond that, the banks’ subsidiaries that hold deposits would need to hike that ratio to 6 percent. If adopted, the new rule would become effective in 2018 and would apply to domestic banks deemed so large and interconnected that each could pose a threat to the world financial system. Goldman Sachs is among that group with the dubious distinction of “Too Big To Fail.”

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

GS

American International Group Inc. (NYSE:AIG): Current price $45.89

Two sources told Bloomberg that AIG was the lead insurer supplying coverage for the Asiana Airlines jet that crashed while landing in San Francisco on Saturday. The sources explained that coverage is split among a number of insurers, and that the lead broker was Willis Group Holdings. Spokesmen at Willis and AIG would not comment on coverage of the crash. South Korea’s No. 2 airline, Asiana, had $130 million of insurance for the plane and $2.25 billion for reparations, according to South Korea’s Financial Services Commission.

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

AIG

Royal Bank of Scotland Group (NYSE:RBS): Current price $9.09

Moody’s is keeping its long-term ratings on the Royal Bank of Scotland Group and its subsidiaries under review for downgrade. The agency pointed to the British government’s decision of a possible break-up of the bank as the reason for its action. The Royal Bank of Scotland, which is a subsidiary of the Royal Bank of Scotland Group, currently has a long-term debt and deposit rating of A3 and a standalone bank financial strength rating of D+, both of which are now under review.

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

RBS

Don’t Miss: Top 5 Foreign Purchasers of U.S. Real Estate.

More from The Cheat Sheet