Nov 02, 2009 (SmarTrend(R) News Watch via COMTEX News Network) -- 11/2/2009-Shares of AIG (NYSE:AIG) jumped almost 6% Monday, but have since settled, after Credit Suisse (NYSE:CS) reportedly tripled their Q3 earnings estimate for the embattled insurance company. Credit Suisse now expects the insurer to report Q3 EPS of $4.50 vs. its previous estimate of $1.40. Credit Suisse cited gains of $2.5 billion at its derivatives unit that almost single handedly bankrupted the company last year.
Write to Chip Brian at cbrian@tradethetrend.com
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