Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) ended Thursday session in red amid volatile trading. The shares closed down -0.01 points or -0.10% at $9.89 with 11.89 million shares getting traded. Post opening the session at $9.91, the shares hit an intraday low of $9.79 and an intraday high of $9.93 and the price vacillated in this range throughout the day. The company has a market cap of $7.94 billion and the numbers of outstanding shares have been calculated to be 799.15 million shares.
Huntington Bancshares Incorporated (HBAN) announced that it will be participating at the 2016 Barclays Global Financial Services Conference on Monday, September 12, 2016.
Mr. Howell “Mac” McCullough, Senior Executive Vice President and CFO, is scheduled to present to analysts and investors at 9:45 AM ET.
He will discuss business and financial performance and strategies, and the presentation will include forward-looking statements.
Interested investors may access the live audio presentation in the investor relations section of Huntington’s website (www.huntington.com). A replay of the webcast will be archived on the website.
Shares of Deutsche Bank AG (USA) (NYSE:DB) ended Thursday session in green amid volatile trading. The shares closed up +0.25 points or 1.72% at $14.79 with 2.97 million shares getting traded. Post opening the session at $14.54, the shares hit an intraday low of $14.49 and an intraday high of $14.81 and the price vacillated in this range throughout the day. The company has a market cap of $20.56 billion and the numbers of outstanding shares have been calculated to be 1.37 billion shares.
On September 6, 2016 Deutsche Bank Wealth Management announced that it will focus on making strategic investments in its US Wealth Management business after successfully closing the sale of its US Private Client Services (PCS) unit to Raymond James Financial, Inc.
The unit will continue to operate under the name of Alex. Brown. The agreement was originally announced in December 2015.
Deutsche Bank Wealth Management has been strategically expanding its wealth management presence in selected US markets including the West Coast and Florida.
“The successful sale of the US PCS business is a significant step toward the bank’s Strategy 2020 goal to become a simpler and more efficient organization,” said Fabrizio Campelli, Head of Deutsche Bank Wealth Management. “We will now concentrate on further building out our wealth management capabilities for ultra-high-net-worth clients in the US, underlined by a series of recent senior appointments including Patrick Campion, who joined us last month as Head of Deutsche Bank Wealth Management for the Americas.”
Deutsche Bank and Raymond James will preserve and enhance the value proposition for Alex. Brown clients through a strategic distribution arrangement, providing access to certain Deutsche Bank products and banking services.
Campelli continued: “We will now be able to better serve our clients and grow our Americas business by focusing on a single distribution channel. We are looking forward to continuing our collaboration with Raymond James as a distribution partner.”