4 Financial Stock Stories Making Tracks on Thursday

Goldman Sachs Group Inc. (NYSE:GS): Current price $154.28

Court filings indicate that a Goldman Sachs managing director has been indicted by a grand jury on charges of raping a 20-year-old woman at a party last week in a house that he rented in the Hamptons area of Long Island. Jason Lee was indicted on Wednesday on one felony charge of first-degree rape, and two misdemeanor charges of assault and sexual misconduct, said the filings.

Last week, police said that Lee was arrested on August 21 in East Hampton, New York, after they responded to a complaint concerning a stolen car and found the unnamed woman who claimed that she had been sexually assaulted. Lee was released on $20,000 bond.

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JPMorgan Chase & Co. (NYSE:JPM): Current price $50.84

On Thursday, Zacks Equity Research reaffirmed its Neutral on shares of JPMorgan, based on the big bank’s impressive second-quarter results, which beat the Zacks Consensus Estimate.

However, higher operating expenses remain worried, said the firm. JPMorgan’s second-quarter earnings stood at $1.60 per share, substantially surpassing the Zacks Consensus Estimate of $1.44. The figures benefited mostly from a better top line and notably lower provision for credit losses, partially outweighed by a jump in non-interest expenses. Further, the Zacks Consensus Estimate for 2013 advanced by 3.7 percent to $5.95 per share during the last 60 days.

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MetLife, Inc. (NYSE:MET): Current price $46.59

MetLife said Thursday that its wholly-owned subsidiary MetLife Chile Acquisition Co. S.A. has begun a tender offer for all of the issued and outstanding common shares of AFP Provida S.A. Held by domestic holders and all of the outstanding American Depositary Shares, each representing fifteen common shares of Provida, from all holders, wherever they may be located.

The purchaser is offering $6.1476 per common share and $92.2140 per ADS in each case, in cash, without interest, payable in United States Dollars or Chilean Pesos, at the choice of tendering holders. Unless the offer is extended, it will expire at 11:59 p.m., Eastern Time on September 27.

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The Blackstone Group (NYSE:BX): Current price $22.05

Following over 5 years of legal dispute between certain investors and Blackstone the latter will resolve an investor class action lawsuit connected to its initial public offering. The lawsuit claimed that the company hid the fact that its portfolio of investments was underperforming while concurrently filing the prospectus for IPO in 2007.

Blackstone will shell out $85 million as settlement, neither admitting nor denying the charges. The resolution also covers the claims against its top executives including the Chief Executive Stephen Schwartzman. The lawsuit was filed in April of 2008, close to a year after Blackstone’s IPO brought over $4 billion.

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