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Financial Stocks Roundup: Want to Call Citigroup's CEO on the Phone?

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If you aren't happy about CEO pay, Occupy Wall Street shows you where to dial.

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MINYANVILLE ORIGINAL Most financial stocks made gains today. JPMorgan Chase (JPM) and Wells Fargo both outperformed the Dow (^DJI) and S&P (SPY). More Americans than expected filed for unemployment insurance last week.

Deutsche Bank (DB) and Barclay's (BCS) won the bid for the high yielding Maiden Lane commercial mortgage securities from the New York Fed, which set them up while bailing out AIG (AIG). The two dealers, who paid $7.5 billion for the securities, will sell parts of the portfolio to investors.

Both of those European banks reported earnings today. Deutsche Bank profits fell short of estimates despite gains in investment revenue. The German bank also took a 257 million euro hit on its sale of generic drug maker Actavis. CEO Josef Ackermann will be stepping down as CEO next month, his shoes being filled by Anshu Jain and Juergen Fitschen. Barclays, on the other hand, revived its investment banking unit and beat first quarter earnings expectations.

Aetna (AET) shares plunged 8.5% after reporting that income slipped 13% in the first quarter despite a 6% rise in revenue. Administrative costs and higher claims costs led the health care benefits company to miss earnings expectations. Aetna executives are still confident that the company can meet its previous earnings guidance for the 2012 fiscal year.

Investors pulled about $63.1 million out of the Financial Sector Select SPDR ETF (XLF) over the course of the week. The fund advanced 0.65% today. The KBW Bank Index (^BKX) rose 0.54%.

Occupy Wall Street published Citigroup (C) CEO Vikram Pandit's phone number, urging people to call him to personally ask the same questions that shareholders brought up about executive compensation. In a rare setback for a corporate board, shareholders actually used the "say on pay" measure of the Dodd-Frank law to shoot down a measure that would have raised Pandit's compensation.
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No positions in stocks mentioned.
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