Shares of Banco Bradesco SA (ADR) (NYSE:BBD) ended Tuesday session in red amid volatile trading. The shares closed down -0.55 points or -6.23% at $8.28 with 16.71 million shares getting traded. Post opening the session at $8.57, the shares hit an intraday low of $8.17 and an intraday high of $8.61 and the price vacillated in this range throughout the day. The company has a market cap of $46.43 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 NorthStar Asset Management Group Inc (NYSE:NSAM) ended Tuesday session in red amid volatile trading. The shares closed down -0.33 points or -2.66% at $12.07 with 1.46 million shares getting traded. Post opening the session at $12.26, the shares hit an intraday low of $12.02 and an intraday high of $12.41 and the price vacillated in this range throughout the day. The company has a market cap of $2.32 billion and the numbers of outstanding shares have been calculated to be 189.00 million shares.
NorthStar Asset Management Group Inc (NSAM) on Aug. 4, 2016 announced its results for the second quarter ended June 30, 2016.
Second Quarter 2016 Results
NorthStar Realty reported U.S. GAAP net (loss) to common stockholders for the second quarter 2016 of ($115.6) million, or ($0.64) per diluted share. NorthStar Realty reported CAD for the second quarter 2016 of $102.8 million, or $0.56 per share. Second quarter 2016 CAD includes the impact of foregone CAD of approximately $9.6 million, or $0.05 per share, relating to real estate private equity funds which NorthStar Realty entered into agreements to sell as of March 31, 2016 .
David T. Hamamoto, Chairman, commented, “We are pleased that NRF could be a party to the merger with NSAM and Colony, which will create a world-class diversified real estate and investment management platform. Following the merger, NRF’s shareholders can realize the full benefits of the substantial asset monetizations and the resulting attractive financial profile of the combined company as an internally managed REIT.”