Late Radar Stocks: AIG Pays Uncle Sam, MS and BofA Hit by EU Again, and Sirius Getting Serious About Profits

Shares of battered American International Group (NYSE:AIG) are trading 1.8% higher in late trading.  The US Treasury Department announced it received $972 million from the bailed out company.  AIG received more than $180 billion in funds from the government and the Federal Reserve.  The government has received a total of $18 billion back, and still owns 77% of AIG.

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JDS Uniphase Corporation (NASDAQ:JDSU) is surging nearly 5% higher in extended trading, despite reporting a fiscal first quarter loss of $5.8 million (3 cents per share), compared with a gain of $100,000 last year.  The company competes with Finisar Corp (NASDAQ:FNSR) and Avago Technologies Limited (NASDAQ:AVGO).

The financial sector (NYSE:XLF) was hit hard after the EU plan started to unravelMorgan Stanley (NYSE:MS) and Citigroup (NYSE:C) closed nearly 8% lower, but are edging slightly hour after the closing bell.  Goldman Sachs (NYSE:GS) and Bank of America (NYSE:BAC) are also trading higher in late trading after closing sharply lower.  Investors should also keep an eye on Wells Fargo (NYSE:WFC) and JP Morgan (NYSE:JPM).

Sirius XM Radio (NASDAQ:SIRI) is jumping more than 1% after reporting strong third quarter earnings.  Net income for the broadcasting company rose to $104.2 million (2 cents per share) vs. $67.6 million (one cent per share) in the same quarter a year earlier. This marks a rise of 54.1% from the year earlier quarter.  Competitors include: Time Warner (NYSE:TWX), CBS Corporation (NYSE:CBS), Disney (NYSE:DIS), and Cumulus Media (NASDAQ:CMLS).

Investing Insights: Sirius XM Radio Inc. Earnings: Beats Estimates.

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