Shares of U.S. Bancorp (NYSE:USB) ended Wednesday session in red amid volatile trading. The shares closed down -0.31 points or -0.72% at $42.92 with 6.16 million shares getting traded. Post opening the session at $43.16, the shares hit an intraday low of $42.87 and an intraday high of $43.44 and the price vacillated in this range throughout the day. The company has a market cap of $72.50 billion and the numbers of outstanding shares have been calculated to be 1.72 billion shares.
U.S. Bancorp (USB) announced that it will be holding an Investor Day for institutional investors and analysts on Thursday, September 15, 2016, in New York City with presentations by Richard K. Davis, chairman and chief executive officer, and members of the Company’s executive management team. The presentations will include information about U.S. Bancorp’s financial performance and corporate strategies.
A live audio webcast of the event will be available through U.S. Bancorp’s website at usbank.com beginning at 8:30 am EDT. To access the webcast and slide presentations, go to U.S. Bancorp’s website and click on “About U.S. Bank” and then “Webcasts & Presentations” under the Investor/Shareholder information heading, which is at the left side near the bottom of the page. A replay of the webcast will be available on the website and remain posted for 180 days.
Shares of American International Group Inc (NYSE:AIG) ended Wednesday session in red amid volatile trading. The shares closed down -0.15 points or -0.26% at $58.08 with 5.98 million shares getting traded. Post opening the session at $58.18, the shares hit an intraday low of $57.89 and an intraday high of $58.63 and the price vacillated in this range throughout the day. The company has a market cap of $61.38 billion and the numbers of outstanding shares have been calculated to be 1.08 billion shares.
American International Group Inc (AIG) on September 14, 2016 announced that in accordance with the terms of the outstanding warrants (CUSIP number 026874156) (the “Warrants”) to purchase shares of AIG Common Stock, par value $2.50 per share, the Warrant exercise price will be reduced to $44.5525 per share from $44.5826 per share and the number of shares of AIG Common Stock receivable upon Warrant exercise will increase to 1.010 from 1.009. Each of these adjustments will be effective at the close of business on September 15, 2016. Any Warrant exercised on or prior to September 15, 2016 will not be entitled to these adjustments.
These adjustments resulted from the declaration by the Board of Directors of AIG on August 2, 2016 of a dividend of $0.32 per share on AIG Common Stock. The dividend is payable on September 29, 2016, to stockholders of record at the close of business on September 15, 2016.
Further information on the Warrants and the adjustments to the Warrant exercise price and number of shares of AIG Common Stock receivable upon Warrant exercise, including the U.S. Federal income tax treatment of these adjustments, will be available in the Investor Relations section of AIG’s website.