Shares of People’s United Financial, Inc. (NASDAQ:PBCT) ended Friday session in green amid volatile trading. The shares closed up +0.15 points or 0.93% at $16.33 with 2,050,471 shares getting traded. Post opening the session at $16.20, the shares hit an intraday low of $16.14 and an intraday high of $16.34 and the price vacillated in this range throughout the day. The company has a market cap of $5.13 billion and the numbers of outstanding shares have been calculated to be 311.22 million shares.
People’s United Financial, Inc. (PBCT) on July 21, 2016 reported net income of $68.5 million, or $0.23 per share, for the second quarter of 2016, compared to $61.7 million, or $0.20 per share, for the second quarter of 2015, and $62.9 million, or $0.21 per share, for the first quarter of 2016.
“We are pleased with the Company’s performance this quarter,” commented Jack Barnes, President and Chief Executive Officer. “Net income of $68.5 million increased 11 percent from the prior year quarter and generated a return on average tangible equity of 10.1 percent. As expected, loan production rebounded in the second quarter as the portfolio grew more than seven percent on an annualized basis, with particularly strong results in commercial and industrial lending as well as residential mortgage. While deposit balances were modestly lower due to seasonal declines in our retail and municipal businesses, franchise-wide cross-sell and commercial deposit gathering efforts continue to be successful.”
Shares of BB&T Corporation (NYSE:BBT) ended Friday session in green amid volatile trading. The shares closed up +0.17 points or 0.44% at $38.49 with 2,952,890 shares getting traded. Post opening the session at $38.17, the shares hit an intraday low of $38.17 and an intraday high of $38.54 and the price vacillated in this range throughout the day. The company has a market cap of $31.49 billion and the numbers of outstanding shares have been calculated to be 814.50 million shares.
On Aug. 30, 2016 As students begin the 2016-17 school-year, BB&T announced the expansion of its Financial Foundations program, powered by EverFi, from 10 to 15 states. The web-based program successfully teaches high school students how to comprehend and work with the principles of personal finance at no cost to schools or taxpayers.
Since its implementation in 2010, more than 326,000 students have taken the BB&T Financial Foundations course. It is used in more than 1,000 schools where students have logged more than 914,300 hours of learning. After taking the BB&T Financial Foundations course, students on average increased their test score to 88 percent from 47 percent, or improved to a B+ from an F. In addition, students’ understanding of how to maintain a positive credit score nearly doubled, and their comprehension of how to apply for financial aid to help pay for college increased 85 percent.
The state-of-the-art, web-based learning platform consists of 3-D gaming and simulated environments, avatars, Twitter-like messaging tools and videos. The program, which is incorporated into existing school curriculum, teaches high school juniors and seniors financial concepts integrated in nine basic online modules.
“Throughout the year, we have all learned lessons that we will carry throughout our lives. From starting college, having children, and starting 401(k) plans,” said Aida Siegal, a 2016 Stranahan High School Senior in Ft. Lauderdale, Fla. “Through BB&T Financial Foundations, we now have a base of financial literacy education.”