Alliance Data Reports Q3 Revenue of $911.5M and 3 Stocks Maintaining 52-Week Highs

Ace Limited (NYSE:ACE):  Ally Financial announced that they have reached an agreement to sell their Mexican insurance business, ABA Seguros, to the ACE Group, one of the world’s largest multi-line property and casualty insurers. ABA Seguros is the fourth largest insurer in the Mexican auto insurance market, and the transaction has a purchase price of $865 million in cash. Their shares closed at $81.70, up $2.41 or 3.04% on the day. They have traded in a 52-week range of $64.09 to $79.35.

Alliance Data System (NYSE:ADS):  Alliance Data System has reported their third quarter revenue of $911.5 million, and a consensus of $893.92 million. Core, earnings per share for the third quarter of 2012 included a 3c net benefit, primarily from the release of a previously reserved tax liability that came from the resolution of a tax matter. Their shares closed at $144.97, up $6.17 or 4.45% on the day. They have traded in a 52-week range of $92.25 to $144.74.

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Baxter International (NYSE:BAX):  After a few tough years, Baxter International (NYSE:BAX) shares are on the mend. Their stock has risen solidly over the past year, bolstered by a dividend hike and solid earnings growth. Over the next five years, Baxter has plans to launch close to two dozen new products, which should help fuel additional profit growth. Their stock, which carries a 3% dividend yield, deserves better than their 2013 projected earnings. Shares closed at $62.74, up $0.82 or 1.32% on the day. They have traded in a 52-week range of $47.55 to $62.00.

Citigroup Inc. (NYSE:C):  Reuters reported that Mike Corbat, the new Chief Executive Officer of Citigroup Inc., has set up interim reporting lines for his executive ranks. According to a memo to the company’s managing directors, Bill Mills, the CEO for the North American region, will also be interim CEO for Europe, the Middle East and Africa, the role Corbat previously held. Business and function heads who previously reported to former CEO Vikram Pandit or former Chief Operating Officer, John Havens, will initially report to Corbat. Japan will report to Gene McQuade. Their shares closed at $38.42, down $0.01 or 0.03% on the day. They have traded in a 52-week range of $23.30 to $38.48.

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