7 Financial Giants Trying to Make Peace with MBIA

Bank of America (NYSE:BAC), Morgan Stanley (NYSE:MS) and five other financial firms are negotiating an accord with bond insurer MBIA (NYSE:MBI) over a multitude of accusations linked to mortgage debt and other securities. Despite substantial incentives for both sides to end the legal conflict, MBIA may have to make payments to the seven companies to make it happen.

Here’s how financial stocks with large bond insurance troubles are trading on the news:

Bank of America Corporation (NYSE:BAC): BAC shares recently traded at $5.09, down $0.16, or 3.05%. They have traded in a 52-week range of $5.03 to $15.31. Volume today was 257,197,558 shares versus a 3-month average volume of 269,000,000 shares. The company’s trailing earnings are $-0.31 per share.

Morgan Stanley (NYSE:MS): MS shares recently traded at $13.35, down $0.45, or 3.26%. They have traded in a 52-week range of $11.58 to $31.04. Volume today was 27,181,499 shares versus a 3-month average volume of 34,158,600 shares. The company’s trailing P/E is 8.75, while trailing earnings are $1.53 per share.

Citigroup, Inc. (NYSE:C): C shares recently traded at $25.13, up $0.08, or 0.32%. They have traded in a 52-week range of $21.40 to $51.50. Volume today was 46,333,906 shares versus a 3-month average volume of 55,001,000 shares. The company’s trailing P/E is 6.70, while trailing earnings are $3.75 per share.

Royal Bank of Scotland Group plc (NYSE:RBS): RBS shares recently traded at $6.06, down $0.03, or 0.49%. They have traded in a 52-week range of $9.60 to $18.82. Volume today was 448,230 shares versus a 3-month average volume of 46,305 shares. The company’s trailing earnings are $-0.04 per share.

UBS AG (NYSE:UBS): UBS shares recently traded at $11.50, up $0.1, or 0.88%. They have traded in a 52-week range of $10.41 to $20.08. Volume today was 3,004,823 shares versus a 3-month average volume of 6,332,040 shares. The company’s trailing P/E is 7.49, while trailing earnings are $1.54 per share.

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