4 Financial Stock Stories to Close Out the Trading Week

Morgan Stanley (NYSE:MS): Current price $26.28

Morgan Stanley has recruited the commodities marketer Caroline-Laure Negre from Goldman Sachs Group to become an executive director in London. A company spokeswoman said that Negre will come to the commodities investor products team in which she will report to Amrik Sandhu and Benno Meier, the co-chiefs of the business. This hiring was initially reported by the industry publication SparkSpread, which reported that Negre will help expand the team’s product suite and also build out Morgan Stanley’s European investor client base.

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MasterCard Inc. (NYSE:MA): Current price $617.05

MasterCard is debuting Priceless Aruba in conjunction with the Ministry of Tourism and the Tourism Authority of Aruba. Aruba is the fifth country in the Caribbean to join MasterCard’s Priceless Cities program, which offers MasterCard cardholders extraordinary experiences, exclusive offers and privileged access in their home city and cities worldwide to make MasterCard their number-one wallet choice.

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American International Group Inc. (NYSE:AIG): Current price $47.17

On Thursday, the founder and chief executive of Third Point Dan Loeb released his hedge fund’s 13F filing with the Securities and Exchange Commision, revealing his hedge fund’s holdings for the second quarter, which ended June 30. Loeb bought into fourteen new stocks and grew his holdings in eight others. It was notable that he more than quadrupled his position in American International Group, buying 7.75 million shares to bring his total stake to 10 million shares.

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Regions Financial Corp. (NYSE:RF): Current price $9.80

Regions Bank is commencing its 2013 Southeastern Conference Greats Tour with an opportunity to meet SEC coaches and players at its tent at SEC Beachfest through August 18 in Gulf Shores, Alabama. Concurrently, the bank has reached an agreement to be a major sponsor of  the new College Football Hall of Fame, scheduled to open in fall 2014 in Atlanta.

The agreement with the Hall of Fame includes being the exclusive banking sponsor along with providing a forum for financial education initiatives and other promotional and development opportunities.

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