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Bank of America Securities Keeps Their Hold Rating on American International Group (AIG)

Tipranks - Tipranks - Sat Jan 17, 6:24AM CST

Bank of America Securities analyst Joshua Shanker maintained a Hold rating on American International Group today and set a price target of $80.00.

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Shanker covers the Financial sector, focusing on stocks such as Progressive, American International Group, and Brown & Brown. According to TipRanks, Shanker has an average return of 8.0% and a 60.48% success rate on recommended stocks.

In addition to Bank of America Securities, American International Group also received a Hold from TipRanks – Google’s Google Insurance – Diversified in a report issued yesterday. However, on January 7, TipRanks – PerPlexity upgraded American International Group (NYSE: AIG) to a Buy.

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Based on American International Group’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $6.4 billion and a net profit of $519 million. In comparison, last year the company earned a revenue of $6.76 billion and had a net profit of $459 million

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