Shares of Itau Unibanco Holding SA (ADR) (NYSE:ITUB) ended Tuesday session in red amid volatile trading. The shares closed down -0.47 points or -4.32% at $10.52 with 13.56 million shares getting traded. Post opening the session at $10.77, the shares hit an intraday low of $10.44 and an intraday high of $10.83 and the price vacillated in this range throughout the day. The company has a market cap of $60.77 billion and the numbers of outstanding shares have been calculated to be 2.88 billion shares.
Itau Unibanco Holding SA (ADR) (ITUB) provides a range of financial products and services to individuals and corporate clients in Brazil and internationally. The company operates in three segments: Retail Banking, Wholesale Banking, and Activities with the Market + Corporation. It accepts time, savings, and demand deposits; and offers personal, payroll, vehicle, and mortgage loans, as well as credit cards. The company also provides asset management, custody and bookkeeping, consortium, investment banking, and electronic payment means services, as well as private banking services.
Shares of Regions Financial Corp (NYSE:RF) ended Tuesday session in red amid volatile trading. The shares closed down -0.31 points or -3.13% at $9.61 with 32.70 million shares getting traded. Post opening the session at $9.82, the shares hit an intraday low of $9.49 and an intraday high of $9.82 and the price vacillated in this range throughout the day. The company has a market cap of $12.17 billion and the numbers of outstanding shares have been calculated to be 1.26 billion shares.
Regions Financial Corp (RF) on September 13, 2016 announced that is has reached a settlement with the United States Department of Justice and on behalf of the Department of Housing and Urban Development (HUD) to resolve a previously disclosed inquiry related to residential mortgage loan origination, underwriting and quality control practices for loans insured by the Federal Housing Administration.
The company fully cooperated with the inquiry and has agreed to a $52.4 million settlement, without admitting liability, in order to avoid the expense of potential litigation. Regions established and previously disclosed reserves sufficient to cover this matter; therefore, this settlement will not have a material impact on Regions’ financial condition or results of operations.