Shares of Wells Fargo & Co (NYSE:WFC) ended Friday session in green amid volatile trading. The shares closed up +0.12 points or 0.24% at $50.55 with 12,572,469 shares getting traded. Post opening the session at $50.45, the shares hit an intraday low of $50.18 and an intraday high of $50.66 and the price vacillated in this range throughout the day. The company has a market cap of $255.66 billion and the numbers of outstanding shares have been calculated to be 5.05 billion shares.
Wells Fargo & Co (WFC) on September 2, 2016 announced that Laura Oberst will succeed Hugh Long as head of its Business Banking Group (BBG), effective immediately. Long will retire at year-end. Business Banking serves more than 100,000 U.S. businesses with annual sales from $5 million to $20 million.
Based in Minneapolis, Oberst has led the North Region of Wells Fargo Middle Market Banking since 2014. In her new BBG role, Oberst will oversee 4,700 Business Banking team members at 450 locations in 39 U.S. states. She now reports to Perry Pelos, head of Commercial Banking Services. Long will work closely with Oberst in the coming months to ensure a smooth transition.
A 32-year Wells Fargo veteran, Oberst began her career as a management trainee and became a retail branch manager in 1985 for the former Norwest Corp. She then held leadership roles of progressing responsibility in Community Banking and Commercial Banking. In Middle Market Banking, she oversaw more than 350 team members in 10 states, from the Dakotas to Ohio.
“Laura is an extraordinary leader,” said Pelos. “Her ability to put customers and team members at the center of all she does has contributed to her success at each step of her career. She will take Business Banking to the next stage, providing even more businesses with our continuum of care and preparing them for the next phase of their growth.”
Shares of Citigroup Inc (NYSE:C) ended Friday session in green amid volatile trading. The shares closed up +0.15 points or 0.32% at $47.51 with 16,293,784 shares getting traded. Post opening the session at $47.50, the shares hit an intraday low of $47.01 and an intraday high of $47.71 and the price vacillated in this range throughout the day. The company has a market cap of $138.47 billion and the numbers of outstanding shares have been calculated to be 2.91 billion shares.
John Gerspach, Chief Financial Officer, and James von Moltke, Treasurer, will conduct the Citigroup third quarter 2016 Fixed Income Investor Review at 10:00 AM (ET) on Wednesday, October 26, 2016. The review will be available live via webcast and teleconference.
The webcast and presentation materials will be available at http://citigroup.com/citi/investor/. A replay and transcript of the webcast will be available after the call.
To dial-in to the live teleconference, please dial:
US & Canada: (800) 309-5794
International Callers: (706) 902-3256
Conference code: 71236719
Telephone lines will open at 9:45 AM (ET).
A telephonic replay of the call will be available beginning approximately two hours after the event until Saturday, November 26, 2016 by calling (855) 859-2056 (U.S. and Canada callers) or (404) 537-3406 (for international callers). Conference code: 71236719.