4 Financial Stock Stories to Start Another Busy Earnings Week

Wells Fargo & Co. (NYSE:WFC): Current price $44.37

On Monday, Wells Fargo Insurance, a part of Wells Fargo & Co., announced the debut of revENSURE and ANDAfend insurance products — two new strategic solutions from its Professional Risk Group, Intellectual Property Risk Mitigation Practice. These new insurance offerings are cost-effective solutions that supply indemnification for a business’s actual revenue deficit, and serve as a hedge against unfavorable market coverage from intellectual property litigation that could impact profits. RevENSURE insurance can indemnify a firm for a shortfall in revenue, should the intellectual property rights that support its sales (or  licensing) become adversely affected. ANDAfend insurance is created specifically to cover drug products and provide indemnification for a gap in a company’s drug sales (or licensing) resulting from a successful paragraph IV challenge.

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MetLife Inc. (NYSE:MET): Current price $50.55

MetLife and SunTrust Banks, Inc. reported Monday that SunTrust will finance commercial real estate mortgages that are originated and managed by MetLife Real Estate Investors. This arrangement for MetLife’s newly-formed investment management platform is structured over three years with a potential overall investment from SunTrust of as much as $5 billion, subject to each loan being okayed, and reinforces SunTrust’s commitment to commercial real estate. Recently, MetLife debuted an institutional asset management business through which to leverage its capabilities to invest for its institutional clients. This new platform builds on the firm’s expertise and success in originating both commercial mortgages and private placement debt along with investing in real estate equities.

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Deutsche Bank (NYSE:DB): Current price $45.24

Deutsche Asset & Wealth Management said Monday that Richard Glass joined the firm as the United States Head of Small and Mid Cap Value Equities. Additionally, Richard J. Hanlon and Mary C. Schafer have also signed on and will report to Glass, who reports to Head of Equities for the Americas Owen Fitzpatrick. Effective in early September, Glass will become the chief portfolio manager for DWS Small Cap Value Fund, DWS Mid Cap Value Fund, and DWS Small Mid Cap Value VIP.

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Lloyds Banking Group (NYSE:LYG): Current price $4.67

Lloyds shares were up around 3.5 percent Monday afternoon after the Financial Times reported that the bank wants to pay as much as 70 percent of its earnings in dividends by 2015. Citing knowledgeable sources, the newspaper said that the bank’s Chief Executive Antonio Horta-Osorio made the disclosure at a recent series of investor roadshows. Lloyds has not paid a dividend since 2008 when it was bailed out by the United Kingdom government, but made an initial tentative move toward restoring a dividend last week, revealing that it would talk about the matter with regulators during the next five months.

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