Shares of Citigroup Inc (NYSE:C) ended Thursday session ingreen amid volatile trading. The shares closed up +0.21 points or 0.45% at $47.11 with 16.25 million shares getting traded. Post opening the session at $46.99, the shares hit an intraday low of $46.75 and an intraday high of $47.30 and the price vacillated in this range throughout the day. The company has a market cap of $137.93 billion and the numbers of outstanding shares have been calculated to be 2.91 billion shares.
On September 15, 2016 Buy-side investors have granted Citi the top market share and quality awards in the 2016 U.S. Fixed Income study conducted by Greenwich Associates. These awards follow Citi’s top share and quality accolades in the 2015 Global Fixed Income study also conducted by Greenwich Associates and released in January.
Greenwich Associates interviewed nearly 1,000 fixed income investors. According to the study, Citi’s market share gain is the largest amongst large dealers and puts Citi at the top of the market share rank, tied with another financial institution.
“We are proud to have consolidated our industry leadership position in the U.S. and globally. Our performance underscores our unwavering commitment to our clients and the fixed income markets amidst the rapidly changing competitive environment,” said Ish McLaughlin, North America Head of Investor Sales. “Once again, we thank our clients for entrusting us with their business and assure them that we will continue to work relentlessly to be their top strategic partner.”
In addition to these awards, Citi is the Greenwich Quality Leader in U.S. Fixed Income, which takes into consideration sales, trading and research excellence, as well as #1 in market penetration, which measures the number of investors that do business with Citi.
Shares of KeyCorp (NYSE:KEY) ended Thursday session in green amid volatile trading. The shares closed up +0.10 points or 0.82% at $12.34 with 13.02 million shares getting traded. Post opening the session at $12.29, the shares hit an intraday low of $12.26 and an intraday high of $12.37 and the price vacillated in this range throughout the day. The company has a market cap of $13.41 billion and the numbers of outstanding shares have been calculated to be 1.08 billion shares.
KeyCorp (KEY) on Sept. 22, 2016 announced that it has received regulatory approval from the Office of the Comptroller of the Currency (OCC) for the merger of First Niagara Bank into KeyBank. KeyCorp acquired First Niagara Bank on August 1, 2016 pursuant to its merger with First Niagara Financial Group.
Conversion of First Niagara systems and clients to KeyBank is scheduled to take place over Columbus Day Weekend, October 7-11, 2016. All First Niagara branches will close at 3 p.m. Friday, October 7, with branches reopening as KeyBank branches on Tuesday, October 11.
“As we bring KeyBank and First Niagara together, at every turn we have worked to make this transition as smooth as possible,” said Beth Mooney, KeyCorp CEO and Chair. “I am proud that our two companies have worked so well together to meet our commitments to customers, communities, employees, and shareholders. We look forward to showing our new customers how KeyBank will help them make better, more confident financial decisions.”