5 Financials on Watch

Fannie Mae (NYSE: FNMA) announced that it will not issue any benchmark notes this month as per its 2010 Benchmark Securities Issuance Calendar. Also, the company recently announced redemption of a number of securities. Fannie Mae is a government-sponsored enterprise chartered by the United States Congress to support liquidity and stability in the secondary mortgage market, where mortgage related assets are purchased and sold. American Express Company (NYSE: AXP) recently announced the elimination of foreign currency transaction fees for U.S. consumer and small business card members. The company expects the new benefit to be effective towards the end of the first quarter of 2011; enhancing its services for its customers. American Express provides products and services that are charge and credit payment card products and travel-related services. Freddie Mac (OTC: FMCC) recently announced the extension of foreclosure protection for service members through 2011. This small act will provide the opportunity to the financially troubled service members to continue having the Freddie Mac-owned mortgages; working towards building a strong brand for the company. Freddie Mac engages in purchasing residential mortgages and mortgage-related securities in the secondary mortgage market and securitizing them into mortgage-related securities to be sold to investors. Bank of America Corporation (NYSE: BAC) recently announced its agreement between Bank of America Merrill Lynch (BofA Merrill) and AEGON Realty Advisors whereby BofA Merrill will utilize AEGON's commercial real estate lending expertise and significant industry relationships to source new lending opportunities that BofA Merrill can utilize in its securitization program. This alliance provides the new opportunities for BofA Merrill’s business expansion. Bank of America is a financial institution, serving individual consumers, small and middle market businesses, large corporations and governments with a range of banking, investing, asset management and other financial and risk management products and services. JPMorgan Chase & Co. (NYSE: JPM) recently announced more than $10 billion of credit to American small businesses in 2010. The loans were extended to more than 250,000 small businesses with annual sales of less than $20 million by Chase's Business Banking, Commercial Banking and Business Card businesses. This marketing strategy should help the company in attracting more small business enterprises. JPMorgan Chase operates through its subsidiaries and is organized into six business segments including Investment Bank, Retail Financial Services, Card Services, Commercial Banking, Treasury & Securities Services and Asset Management. This corporate profile is provided for information purposes only and should not be used as the basis for any investment decision. We are neither licensed nor qualified to provide investment advice. We were not paid, nor do we hold a position in these stocks. We reserve the right to buy or sell FNMA, AXP, FMCC, BAC and JPM at any time after this post
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