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Wednesday 24 June 2015
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Pre-Market News Review: JPMorgan Chase & Co., (NYSE:JPM), Aetna, (NYSE:AET), IAMGOLD, (NYSE:IAG)

On Monday, Shares of JPMorgan Chase & Co. (NYSE:JPM), lost -0.38% to $67.99.

JPMorgan Chase & Co., declared dividends on the outstanding shares of the following preferred stock issues:

  • Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series R in the amount of $300.00 per share (which is equivalent to $30.00 per related Depositary Share).
  • Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series S in the amount of $337.50 per share (which is equivalent to $33.75 per related Depositary Share).

JPMorgan Chase & Co. provides various financial services worldwide. The company operates through four segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset Administration.

Shares of Aetna Inc. (NYSE:AET), inclined 4.44% to $121.01, during its last trading session, hitting its highest level.

UnitedHealth and Aetna on Monday night joined the list of health giants said to be exploring a potential merger, according to USAToday.

Citing unnamed “people familiar with the matter,” The Wall Street Journal said UnitedHealth has approached Aetna about a takeover valued at around $40 billion.

This came after a Journal report published earlier Monday cited anonymous sources saying that Anthem has approached Cigna about taking it over for about $45 billion. USAToday Reports.

Despite the uncertain prospects of either deal, speculation regarding various companies sent the pulse of the the health sector racing Monday, even as major benchmarks slid around half a percent. USAToday added.

Aetna Inc. operates as a health care benefits company in the United States. It operates through three segments: Health Care, Group Insurance, and Large Case Pensions. The Health Care segment offers medical, pharmacy benefit administration services, dental, behavioral health, and vision plans on an insured basis, and an employer-funded or administrative basis.

Finally, IAMGOLD Corp. (NYSE:IAG), ended its last trade with 0.43% gain, and closed at $2.32, as gold was little changed on Monday, as the impact of a stronger dollar ahead of a Federal Reserve policy meeting was offset by persistent uncertainty over Greece after debt talks with its creditors stalled.

Spot gold was up 0.1 per cent at $1,181.25 an ounce by 1401 GMT, while US gold futures for August delivery were up $1.80 an ounce at $1,181.

IAMGOLD Corporation primarily engages in the exploration, development, and operation of gold mining properties. It also explores for silver and copper deposits. The company holds interests in four operating gold mines, in addition to exploration and development projects located in Africa, South America, and Canada. IAMGOLD Corporation was incorporated in 1990 and is headquartered in Toronto, Canada.

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