Shares of Wells Fargo & Co (NYSE:WFC) ended Monday session in red amid volatile trading. The shares closed down -0.45 points or -1.02% at $43.83 with 38.20 million shares getting traded. Post opening the session at $44.12, the shares hit an intraday low of $43.56 and an intraday high of $44.16 and the price vacillated in this range throughout the day. The company has a market cap of $220.70 billion and the numbers of outstanding shares have been calculated to be 5.05 billion shares.
Wells Fargo & Co (WFC) announced it has completed the purchase of the Europe, Middle East and Africa (EMEA) segment of GE Capital’s Commercial Distribution Finance (CDF) business. The acquisition includes CDF assets, nine offices and 163 team members in markets across Europe, including Belgium, Finland, France, Germany, Netherlands, Norway, Sweden and the U.K.
“EMEA is an important region for our CDF business and customers,” said Maurice Benisty, CEO, CDF International. “This has been a seamless integration and we continue to provide our customers with excellent service and support. We’re excited to become part of Wells Fargo and, over time, offer our customers a broader selection of financial products and services as we help them become even more financially successful in the future.”
Shares of Banco Bradesco SA (ADR) (NYSE:BBD) ended Monday session in green amid volatile trading. The shares closed up +0.38 points or 4.29% at $9.29 with 11.35 million shares getting traded. Post opening the session at $8.97, the shares hit an intraday low of $8.93 and an intraday high of $9.30 and the price vacillated in this range throughout the day. The company has a market cap of $50.86 billion and the numbers of outstanding shares have been calculated to be 2.76 billion shares.
Banco Bradesco SA (ADR) (BBD) provides banking and financial products and services to individuals, companies, and corporations and institutions. The company operates through two segments, Banking; and Insurance, Pension Plans and Capitalization Bond. It accepts various deposit products, such as demand and time deposits, checking and savings accounts, interbank deposits from financial institutions, and accounts for salary purposes. The company also offers loans comprising personal and short-term loans, vehicle financing, overdraft loans, and payroll-deductible loans; housing loans; and government-funded long-term loans, such as BNDES onlending/FINAME.