MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Thursday, August 16, 2012 BlackRock Has Sold the Second-Most Shares YTD Liz Moyer of the Wall Street Journal writes that financial firms have been leading all other sectors in selling stock this year, with AIG and BlackRock [profile] selling the most shares year-to-date. BlackRock's $4.6 billion offering from May puts the firm in second place, right behind AIG, whose $17.4 billion of share sales are related to the government's sales of its shares in the insurer. Capital One Financial Corp. is in third, having sold $1.3 billion of stock. On the whole, issuance has been down so far this year. Moyer thinks that the focus on financial issuances is a sign of the slowdown: "When the going gets tough, banks turn to their own to drum up business," she writes. Printed from: MFWire.com/story.asp?s=40955 Copyright 2012, InvestmentWires, Inc. All Rights Reserved |