Banking Stocks Trading Mixed (AIG, NBG, LYG)

American International Group, Inc. (NYSE:AIG) is down 3.49% to $24.88 on 8.30 million shares after the company announced a definitive agreement for the sale of the AIA Group, Limited (AIA), one of the world`s largest pan-Asian life insurance companies, to Prudential plc for approximately $35.5 billion, including approximately $25 billion in cash, $8.5 billion in face value of equity and equity-linked securities, and $2.0 billion in face value of preferred stock of Prudential, subject to closing adjustments.

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National Bank of Greece (ADR) (NYSE:NBG) added 2.51% to $4.05 on 1.52 million shares. The stock hit an intraday high and an intraday low of $4.14 and $4.02 respectively. In the last six months the stock went down over 38%. National Bank of Greece S.A. is a financial institution. The Company’s core focus outside Greece is in Turkey and South Eastern Europe, where it operates in Bulgaria, Serbia, Romania, Albania, Cyprus and the Former Yugoslav Republic of Macedonia. It has presence in 11 countries outside Greece.

Lloyds Banking Group PLC (ADR) (NYSE:LYG) is down 0.32% to $3.07 on 3.17 million shares after the company on February 27, 2010 reported 2009 results that showed impairments continued to haunt the company, but it said that the worst has passed for U.K. banks and that performance should start improving in 2010. The bank reported a pretax loss of £6.3 billion ($9.62 billion), down from its 2008 loss of £6.7 billion. The figure doesn't include an £11.2 billion "negative goodwill" gain related to the HBOS PLC acquisition. With that gain and a tax credit of £1.9 billion, Lloyds earned a net profit of £2.83 billion.

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