4 Financial Stock Stories Not To Be Missed
UBS (NYSE:UBS): Current price $17.06
UBS has been fined by the Financial Services Authority for failures in the sale of the AIG Enhanced Variable Rate Fund, a move which caused exposure of UBS customers to an unacceptable risk of an unsuitable sale of the Fund. What is more, the firm also failed to deal properly with complaints from customers in regards to the sales. However, UBS has agreed to settle at an early stage, allowing it a 30 percent discount on its fine, without which the FSA would have imposed a financial penalty of £13.5 million.
Are these stocks a buy or sell? Let us help you decide. Check out our Stock Picker Newsletter now.
AllianceBernstein Holding (NYSE:AB): Current price $21.01
On Tuesday, the firm reported that preliminary assets under management rose to $437 billion from $430 billion during January. The 1.6 percent rise was propelled by positive investment returns and also a fifth straight month of total net inflows, as net inflows to institutions more than offset retail and private client net outflows.
Citigroup (NYSE:C): Current price $44.29
The Citigroup division Banamex has divested roughly 50 percent of its interest in the top Mexican airline Aeromexico for around $172 million to the chief of milk major Lala. In a filing, Aeromexico said that a group of local businessmen, led by President Eduardo Tricio Haro of Grupo Lala, had purchased a 20.19 percent stake in the airline, boosting his existing stake.
E*TRADE Financial Corporation (NASDAQ:ETFC): Current price $11.25
On Tuesday, E*TRADE released its Monthly Activity Report for January. The daily average revenue trades for January stood at 153,580, representing an increase of 18 percent month-over-month from December, and a six-percent rise from the year-ago period. Also, the firm added 31,286 gross new brokerage accounts in January, closing out the month with about 2.9 million brokerage accounts, an increase of 9,127 from December. The number of total accounts ended the month at roughly 4.5 million.
Don’t Miss: Barclays Turns a Loss Into a Gain.