Hot Financial Stock - HBC, BRK.A, AIG: by Penny Stock Pick Report

HSBC Holdings plc (ADR) (Public, NYSE:HBC) is one of the biggest percentage losers in the opening session and lost over 7% to $51 after the U.K.'s largest bank, said fiscal-year while net earnings jumped 2% to $5.8 billion, but failed to surpass the analysts’ expectations. HSBC said underlying pretax profit rose 56% to $13.3 billion, while on a reported basis pretax profit fell 24% to $7.1 billion.

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HSBC said loan impairment charges and other credit risk provisions were $26.49 billion in 2009, $1.55 billion higher than in 2008, and "we believe this was acceptable given the severity of the global recession and the rise in unemployment in most developed markets," said CEO Michael Geoghegan, in a statement.

Berkshire Hathaway Inc. (Public, NYSE:BRK.A) shares fell 0.63% to119,050 after it reported that 2009 net income jumped 61% as the economy stabilized and a market rebound boosted the value of the company's investments.

American International Group, Inc. (Public, NYSE:AIG) soared 9% to $27 after Prudential Financial, Inc. (NYSE:PRU), Britain’s largest insurer, agreed to buy American International Group Inc.’s Asian life operations for $35.5 billion to be paid $25 billion in cash and $10.5 billion in stock and other securities for AIA Group Ltd., the London- based insurer said in a statement today.

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