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Bank of America Securities Remains a Hold on American International Group (AIG)

Tipranks - Tipranks - Wed Apr 15, 6:12AM CDT

In a report released today, Joshua Shanker from Bank of America Securities maintained a Hold rating on American International Group, with a price target of $79.00.

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Shanker covers the Financial sector, focusing on stocks such as Progressive, Allstate, and Chubb. According to TipRanks, Shanker has an average return of 6.6% and a 57.61% success rate on recommended stocks.

In addition to Bank of America Securities, American International Group also received a Hold from Mizuho Securities’s Yaron Kinar in a report issued yesterday. However, on April 12, KBW maintained a Buy rating on American International Group (NYSE: AIG).

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Based on American International Group’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $6.56 billion and a net profit of $735 million. In comparison, last year the company earned a revenue of $7.17 billion and had a net profit of $898 million

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