J.P. Morgan, Wells Fargo and Citigroup Among AIG’s Top Q3 Bank Stock Holdings

Wall St. Watchdog reveals information regarding American International Group’s top holdings in the Financial sector for the quarter ending September 30th, 2011. The firm held 1410 stocks in the Financial sector at the end of the quarter with an aggregate market value of $1.547 billion.

  • Jpmorgan Chase & Co. (NYSE:JPM): On 06/30/2011, American International Group reported holding 2,258,739 shares with a market value of $92,472,772. This comprised 0.78% of the total portfolio. On 09/30/2011, American International Group reported holding 2,234,463 shares with a market value of $67,302,027. This comprised 0.69% of the total portfolio. The net change in shares for this position over the two quarters is -24,276. About Company: JPMorgan Chase & Co. provides global financial services and retail banking. The Company provides services such as investment banking, treasury and securities services, asset management, private banking, card member services, commercial banking, and home finance. JP Morgan Chase serves business enterprises, institutions, and individuals.
  • Wells Fargo & Company (NYSE:WFC): On 06/30/2011, American International Group reported holding 2,845,684 shares with a market value of $79,849,892. This comprised 0.67% of the total portfolio. On 09/30/2011, American International Group reported holding 2,761,054 shares with a market value of $66,596,625. This comprised 0.68% of the total portfolio. The net change in shares for this position over the two quarters is -84,630. About Company: Wells Fargo & Company is a diversified financial services company providing banking, insurance, investments, mortgage, leasing, credit cards, and consumer finance. The Company operates through physical stores, the Internet and other distribution channels across North America and elsewhere internationally.
  • Citigroup Inc. (NYSE:C): On 06/30/2011, American International Group reported holding 1,451,689 shares with a market value of $60,448,329. This comprised 0.51% of the total portfolio. On 09/30/2011, American International Group reported holding 1,466,726 shares with a market value of $37,577,521. This comprised 0.38% of the total portfolio. The net change in shares for this position over the two quarters is 15,037. About Company: Citigroup Inc. is a diversified financial services holding company that provides a broad range of financial services to consumer and corporate customers around the world. The Company’s services include investment banking, retail brokerage, corporate banking, and cash management products and services.
  • Bank Of America Corporation (NYSE:BAC): On 06/30/2011, American International Group reported holding 4,508,557 shares with a market value of $49,413,785. This comprised 0.42% of the total portfolio. On 09/30/2011, American International Group reported holding 4,320,014 shares with a market value of $26,438,485. This comprised 0.27% of the total portfolio. The net change in shares for this position over the two quarters is -188,543. About Company: Bank of America Corporation accepts deposits and offers banking, investing, asset management, and other financial and risk-management products and services. The Company has a mortgage lending subsidiary, and an investment banking and securities brokerage subsidiary.
  • American Express Company (NYSE:AXP): On 06/30/2011, American International Group reported holding 629,996 shares with a market value of $32,570,794. This comprised 0.27% of the total portfolio. On 09/30/2011, American International Group reported holding 563,342 shares with a market value of $25,294,057. This comprised 0.26% of the total portfolio. The net change in shares for this position over the two quarters is -66,654. About Company: American Express Company is a global payment and travel company. The Company’s principal products and services are charge and credit payment card products and travel-related services offered to consumers and businesses around the world.
  • U.s. Bancorp (NYSE:USB): On 06/30/2011, American International Group reported holding 913,506 shares with a market value of $23,303,538. This comprised 0.2% of the total portfolio. On 09/30/2011, American International Group reported holding 842,918 shares with a market value of $19,842,290. This comprised 0.2% of the total portfolio. The net change in shares for this position over the two quarters is -70,588. About Company: U.S. Bancorp is a diversified financial services company that provides lending and depository services, cash management, foreign exchange and trust and investment management services. The Company also provides credit card services, mortgage banking, insurance, brokerage, and leasing. U.S Bancorp operates in the Midwest and Western United States.
  • The Goldman Sachs Group Inc. (NYSE:GS): On 06/30/2011, American International Group reported holding 218,776 shares with a market value of $29,116,897. This comprised 0.25% of the total portfolio. On 09/30/2011, American International Group reported holding 208,724 shares with a market value of $19,734,855. This comprised 0.2% of the total portfolio. The net change in shares for this position over the two quarters is -10,052. About Company: The Goldman Sachs Group, Inc., a bank holding company, is a global investment banking and securities firm specializing in investment banking, trading and principal investments, asset management and securities services. The Company provides services to corporations, financial institutions, governments, and high-net worth individuals.
  • Prudential Financial Inc. (NYSE:PRU): On 06/30/2011, American International Group reported holding 375,851 shares with a market value of $23,900,365. This comprised 0.2% of the total portfolio. On 09/30/2011, American International Group reported holding 365,254 shares with a market value of $17,115,803. This comprised 0.17% of the total portfolio. The net change in shares for this position over the two quarters is -10,597. About Company: Prudential Financial, Inc. provides financial services throughout the United States and several locations worldwide. The Company offers a variety of products and services, including life insurance, mutual funds, annuities, pension and retirement related services and administration, asset management, securities brokerage, real estate brokerage, and relocation services.
  • Blackrock Inc. (NYSE:BLK): On 06/30/2011, American International Group reported holding 108,677 shares with a market value of $20,845,335. This comprised 0.18% of the total portfolio. On 09/30/2011, American International Group reported holding 110,488 shares with a market value of $16,353,328. This comprised 0.17% of the total portfolio. The net change in shares for this position over the two quarters is 1,811. About Company: BlackRock, Inc. provides diversified investment management services to institutional clients and to retail investors through various investment vehicles. The Company offers the BlackRock Funds and Blackrock Liquidity Funds, and also provides risk management services to fixed income institutional investors.
  • Capital One Financial Corp. (NYSE:COF): On 06/30/2011, American International Group reported holding 213,945 shares with a market value of $11,054,538. This comprised 0.09% of the total portfolio. On 09/30/2011, American International Group reported holding 362,241 shares with a market value of $14,355,611. This comprised 0.15% of the total portfolio. The net change in shares for this position over the two quarters is 148,296. About Company: Capital One Financial Corporation is a diversified bank. The Bank, through its subsidiaries, offers a broad spectrum of financial products and services to consumers, small businesses and commercial clients both domestically and internationally. Capital One has bank locations in Connecticut, Louisiana, New Jersey, New York, and Texas.

(Note: Data regarding American International Group’s stock holdings are sourced from whalewisdom.com. All data are assumed to be accurate.)

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