4 Financial Stock Stories to Close Out the Trading Week

Citigroup Inc. (NYSE:C): Current price $51.39

Citi’s chief of corporate equity derivatives, Rachel Lord, has left the firm to join BlackRock Inc., one of Citibank’s largest clients. Lord came to Citigroup in 2009 after over a decade at Morgan Stanley. She will oversee the European arm of iShares, which is BlackRock’s exchange-traded funds unit, according to a Friday memo to employees. Lord replaces Joe Linhares who will return to the United States at the end of 2013.

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

C 20130809

American International Group, Inc. (NYSE:AIG): Current price $48.16

On Friday, AIG said that it will redeem all of its outstanding 3.65-percent Notes Due 2014 (CUSIP No. 026874BV8) on September 9, at which time it will pay to the registered holders of the notes a redemption price per $1,000 principal amount of notes as determined in accordance with the indenture governing the them, plus accrued and unpaid interest to, but not including, the redemption date. As of Friday, $500 million aggregate principal amount of notes were outstanding.

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

AIG 20130809

The Goldman Sachs Group (NYSE:GS): Current price $162.74

Goldman Sachs has named Alasdair Warren as chief of its financial sponsors group for Europe, Middle East, and Africa, according to a memo reviewed by Reuters. Financial sponsors are regular users of equity capital markets for selling shares in their portfolio firms. Warren, based in London, joined Goldman in 2005 and was chosen as partner in 2008 — having previously served as head of equity capital markets, convertibles, and equity derivatives for EMEA.

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

GS 20130809

Wells Fargo & Co. (NYSE:WFC): Current price $43.32

The Kraus Group of Companies has secured a $50 million funding line with Wells Fargo Capital Finance, which is part of Wells Fargo & Co. This follows an impressive first half performance that has seen carpet sales up by 2 percent and a return to profitability during that time. In the same period, the Kraus Group debuted 27 new carpet styles with a further 11 ranges of hard surface product ready for launch in the second half of 2013.

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

WFC 20130809

Don’t Miss: 4 Charts That Show Americans Still Aren’t Completely Sold on the Recovery.