Shares of Banco Bradesco SA (ADR) (NYSE:BBD) ended Wednesday session in green amid volatile trading. The shares closed up +0.10 points or 1.08% at $9.33 with 11.59 million shares getting traded. Post opening the session at $9.26, the shares hit an intraday low of $9.07 and an intraday high of $9.35 and the price vacillated in this range throughout the day. The company has a market cap of $52.26 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.
Shares of Citizens Financial Group Inc (NYSE:CFG) ended Wednesday session in green amid volatile trading. The shares closed up +0.10 points or 0.41% at $24.41 with 8.70 million shares getting traded. Post opening the session at $24.31, the shares hit an intraday low of $23.89 and an intraday high of $24.47 and the price vacillated in this range throughout the day. The company has a market cap of $12.87 billion and the numbers of outstanding shares have been calculated to be 564.44 million shares.
Citizens Financial Group Inc (CFG) on September 28, 2016 announced that Chief Financial Officer Eric Aboaf is departing to become CFO of State Street Corporation. Aboaf has been CFO since April 2015, and will work through his notice period until Dec. 16, 2016. Former Citizens Financial Group CFO John Fawcett, who retired in April 2015 after the Citizens initial public offering, will come out of retirement and serve as interim CFO, subject to regulatory approval, post Aboaf’s departure until a successor has been found.
Chairman and CEO Bruce Van Saun commented, “I’d like to thank Eric for his contributions while at Citizens. He has developed into a very good CFO and has made important contributions in managing our balance sheet, driving efficiency initiatives and working with our businesses on their strategy. He has an opportunity at State Street to substantially increase his compensation and gain new experiences at a large, global custody bank and we wish him well.”
Van Saun continued, “I am deeply grateful that John Fawcett has agreed to come out of retirement and become CFO on an interim basis. This will ensure that we maintain the strong momentum we have towards our goal of becoming a top-performing regional bank. We will conduct a thorough external search for the permanent CFO, and I am confident in our ability to attract top quality.”