Shares of Paypal Holdings Inc (NASDAQ:PYPL) ended Tuesday session in green amid volatile trading. The shares closed up +1.09 points or 2.81% at $39.86 with 17.92 million shares getting traded. Post opening the session at $38.62, the shares hit an intraday low of $38.41 and an intraday high of $40.33 and the price vacillated in this range throughout the day. The company has a market cap of $49.07 billion and the numbers of outstanding shares have been calculated to be 1.21 billion shares.
on Sept. 6, 2016 PayPal announced the appointment of Paul Parisi as the new general manager of PayPal Canada. Paul is a results-focused Canadian leader who joins PayPal with a strong record of more than 17 years in the payments industry.
As general manager, Paul will be focused on building on the company’s successful 10-year history in Canada and driving the next phase of growth for the company and its customers. He will play a critical role in bringing innovations to market and further solidifying PayPal as one of the leading online and mobile payment services in Canada.
“The e-commerce, payments and fintech industries are at an exciting juncture in Canada. I look forward to driving even more profitable growth for PayPal in Canada and adding greater value for our 6.4 million active customers in Canada, which includes 250,000 small business customers across the country,” said Paul Parisi, the new general manager of PayPal Canada.
Shares of Annaly Capital Management, Inc. (NYSE:NLY) ended Tuesday session in red amid volatile trading. The shares closed down -0.12 points or -1.13% at $10.52 with 8.33 million shares getting traded. Post opening the session at $10.61, the shares hit an intraday low of $10.49 and an intraday high of $10.67 and the price vacillated in this range throughout the day. The company has a market cap of $10.65 billion and the numbers of outstanding shares have been calculated to be 1.02 billion shares.
Annaly Capital Management, Inc. (NLY) on August 4, 2016 announced its financial results for the quarter ended June 30, 2016.
“During heightened market volatility and amidst a difficult operating environment, Annaly continued to deliver strong performance and durable core earnings and book value,” commented Kevin Keyes, Chief Executive Officer and President. “Our diversified platform has provided our shareholders with the most consistent core earnings over the past two years – earnings that have proven to be approximately two-thirds more stable than other industry participants.”
On July 12, 2016, Annaly completed the acquisition of Hatteras Financial Corp., for aggregate consideration of approximately $1.5 billion, marking the largest mortgage REIT acquisition in history. “The Hatteras transaction provides portfolio diversity and size while also adding to the earnings and capital base of the Company,” Mr. Keyes remarked. “This strategic milestone is evidence of Annaly’s unique financial flexibility and demonstrates our ability to grow opportunistically in this challenging market environment. Annaly’s shareholders continue to benefit from the increased scale, liquidity, asset and business diversification of the industry’s leading hybrid REIT.”