Shares of SunTrust Banks, Inc. (NYSE:STI) ended Wednesday session in green amid volatile trading. The shares closed up +0.51 points or 1.16% at $44.29 with 3.96 million shares getting traded. Post opening the session at $44.03, the shares hit an intraday low of $43.82 and an intraday high of $44.61 and the price vacillated in this range throughout the day. The company has a market cap of $21.92 billion and the numbers of outstanding shares have been calculated to be 501.41 million shares.
SunTrust Banks, Inc. (STI) announced that it plans to release third quarter 2016 results on Friday, October 21, 2016. SunTrust management will host a conference call that morning and details are as follows:
8:00 a.m. (Eastern Time)
Individuals may call in beginning at 7:45 a.m. (Eastern Time) by dialing 1-888-972-7805 (Passcode:3Q16). Individuals calling from outside the United States should dial 1-517-308-9091 (Passcode:3Q16)
The live webcast and accompanying slides will be available at investors.suntrust.com
A replay of the call is expected to be available approximately one hour after the call ends on October 21, 2016, and will remain available until November 21, 2016, by dialing 1-888-568-0509 (domestic) or 1-203-369-3479 (international)
Shares of Mastercard Inc (NYSE:MA) ended Wednesday session in green amid volatile trading. The shares closed up +0.77 points or 0.77% at $101.26 with 3.25 million shares getting traded. Post opening the session at $100.81, the shares hit an intraday low of $99.97 and an intraday high of $101.31 and the price vacillated in this range throughout the day. The company has a market cap of $112.06 billion and the numbers of outstanding shares have been calculated to be 1.08 billion shares.
On September 19, 2016 Mastercard and Stripe announced that Mastercard Send is speeding payments for U.S. sellers on Stripe marketplaces using the instant payouts feature from Stripe. Getting paid as a caregiver, dog walker or hairstylist just became a lot faster and more convenient. Mastercard Send is a first-of-its-kind service that enables people and businesses to send and receive funds quickly and securely.
“Mastercard Send addresses the need in digital world to enable consumers, businesses, governments and more to send money instantly and securely, through a robust platform that joins all U.S. debit card accounts with one connection,” said Sherri Haymond, executive vice president, Digital Partnerships, Mastercard.
Instant payouts is available to U.S.-based sellers—including drivers, delivery people, errand runners, caregivers, or other contractors—in marketplaces in the U.S. running on Stripe Connect. Examples of marketplaces on Stripe include Postmates, Instacart and iCracked.
In addition, Stripe instant payouts powers Lyft’s Express Pay feature, which allows drivers to quickly cash out the money they make instead of waiting to be paid in cycles. Since offering Express Pay, Lyft has paid more than $500M via the feature; less than a year after launch, more than 50 percent of driver payouts now happen over Express Pay. Other marketplaces using instant payouts include Care.com, which connects families with caregivers, and goPanache, which lets people book beauty and barber appointments. With instant payouts, caregivers and barbers can get paid for their work immediately, at any time, seven days a week.
“In building instant payouts, we’ve been fortunate to work closely with great partners, including Mastercard,” said Billy Alvarado, chief business officer, Stripe. “Millions of people drive, deliver, provide healthcare or otherwise sell on marketplaces using Stripe. Whether they’re earning a living full-time or doing part-time work, for these people, getting paid a few days faster is a big help.”