4 Financial Stock Stories To Begin the Trading Week

JPMorgan Chase & Co. (NYSE:JPM): Current price $48.97

On Sunday, the firm announced that Matt Zames will fully assume the position of chief operating officer as his former partner in the job exits, which formed part of the most recent management shake-up at the number-one United States bank. Zames has been thought a strong candidate to succeed Chief Executive and Chairman Jamie Dimon, and had been co-chief operating officer with Frank Bisignano, the bank said in a statement. Zames has also been J.P. Morgan’s chief investment officer since last May.

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JPM

Berkshire Hathaway (NYSE:BKRB): Current price $107

A report in The Wall Street Journal on Friday said that Berkshire Hathaway has acquired four key employees from American International Group. The senior executives, among which include the chief of AIG’s domestic property-casualty operation and the head of the Latin American and Caribbean AIG property-casualty operations, will work under Berkshire’s reinsurance division. The concentration for the group is the insurance market in and outside the United States which involves specialized coverage for large clients, which includes large corporations.

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BRKB

Regions Financial Corporation (NYSE:RF): Current price $8.41

Regions’ board of directors declares a threefold raise in its quarterly cash dividend on common stock. This new dividend of 3 cents will be paid on July 1, to shareholders on record as of Jun 14. Beyond that, the board declared a quarterly cash dividend of $15.9375 per share (equivalent to approximately $0.398438 per depositary share) connected with the outstanding shares of its 6.375-percent Non-Cumulative Perpetual Series A Preferred Stock.

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RF

CME Group (NASDAQ:CME): Current price $60.90

CME reported on Friday that it has hired two soft commodity specialists: Peter Blogg and Eric Hasham had worked on soft commodity contracts for NYSE Liffe, which is the commodity trading arm of NYSE Euronext. The Group would not comment as to whether the hires were linked to any plans in order to expand in soft commodity markets.

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CME

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