Real-Time Session Update: American International Group Inc (AIG), Bank of America Corp (BAC)

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American International Group Inc (NYSE:AIG)

Stock’s Trading Stats:

American International Group Inc (NYSE:AIG) is trading up with a percentage change of 1.16% and is at $56.49 right now. The Company’s market capitalization stands at $64.02 Billion in the current trading Session whereas, its outstanding shares are 1.19 Billion.

Recent Press Release:

American International Group Inc (AIG) on May 2, 2016 declared that it has priced the sale of 740 million ordinary H shares of PICC Property and Casualty Company Limited (PICC P&C) by means of a placing to institutional shareholders.

Upon the closing of the placing, which is planned for May 5, 2016, and is subject to customary closing conditions, AIG will receive gross proceeds of about US$1.25 billion, based upon a purchase price of HK$13.08 (about US$1.69) per share. Thereafter, AIG will hold a position of about 111 million shares, representing 0.75 percent of the total issued share capital of PICC P&C.

The ordinary H shares have not been and will not be registered under the Securities Act of 1933, as amended (the Securities Act), or any other applicable law, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and any other applicable law.

Bank of America Corp (NYSE:BAC)

Stock’s Trading Stats:

Bank of America Corp (NYSE:BAC) is surging 0.82% percent and is at $14.68 in the Real-Time trading session. The stock’s market capitalization stands at $149.09 Billion with outstanding shares of 10.31 Billion.

Recent Press Release:

Bank of America Corp (BAC) on April 27, 2016 declared preliminary results of matters voted upon during the company’s 2016 annual meeting of stockholders.

The 13 board of director nominees were elected, with at least 94 percent of the vote cast in favor of each. The administration advisory proposal on executive compensation and the appointment of the company’s independent accounting firm proposal both were approved, with about 93 percent and 98 percent of the vote in favor, respectively. The lone shareholder proposal, which sought to amend the clawback feature of the company’s executive compensation program, was not approved, with about 94 percent of the vote opposed to the measure.

Results are considered preliminary, with final figures stated on a Form 8-K to be filed with the Securities and Exchange Commission.