4 Financial Stock Stories to Spark Monday Chatter
The Royal Bank of Scotland Group (NYSE:RBS): Current price $9.32
Three knowledgeable officials say that the United Kingdom would redeem the expense of rescuing the Royal Bank of Scotland at a share price 19 percent under what the government paid to bail out the lender in 2008, adding that the government would break even on its investment at 407 pence a share, versus the average 502 pence paid during the bailout, because the price accounts for fees paid by RBS to the Treasury for the bailout and other programs at that time. Chief Executive Officer Stephen Hester said that his bank may be set to be returned to the private sector before the 2015 vote, but that the government has not thus far set out a target price or a timetable for the sale.
Are these stocks a buy or sell? Let us help you decide. Check out our Stock Picker Newsletter now.