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Thursday 18 June 2015
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Active News To Watch List: Wells Fargo & Company, (NYSE:WFC), Citizens Financial Group, (NYSE:CFG), eBay, (NASDAQ:EBAY)

During Thursday’s Morning trade, Shares of Wells Fargo & Company (NYSE:WFC), gained 0.30% to $57.34.

Wells Fargo & Company, declared it is celebrating the 25th anniversary of the Americans with Disabilities Act through a variety of events across the country, counting No Barriers Summit, America’s Disability Rights Museum on Wheels, Smithsonian Disability Culture Festival, Disability Connect and 18th Annual USBLN Conference and Expo. The Americans with Disabilities Act (ADA), which was signed into law on July 26, 1990 by President George H.W. Bush, prohibits discrimination against people with disabilities (www.ada.gov).

Wells Fargo is sponsoring the 2015 No Barriers Summit in addition to No Barriers Warriors. The Summit is a four day, annual outdoor event being held in Park City, Utah, July 9-12, 2015. The Summit brings together 1000 worldwide scientists, inventors, academics, practitioners and end users to showcase the latest innovations in adaptive technology and challenge the conception of what is possible. The Summit is about community, innovation, discovery and exploration.

The Summit events comprise an array of clinics and interactive exhibits, counting the Innovation Village featuring adaptive technology. The events are designed to encourage participants of all abilities to discover the potential that lies within them. This family-friendly event is for people of all ages and abilities.

Wells Fargo & Company provides retail, commercial, and corporate banking services to individuals, businesses, and institutions. Its Community Banking segment offers checking, savings, market rate, individual retirement, and health savings accounts, in addition to time deposits and remittances; and lines of credit, auto floor plan lines, equity lines and loans, equipment and transportation loans, education and residential mortgage loans, and debit and credit cards.

Shares of Citizens Financial Group, Inc. (NYSE:CFG), declined -0.32% to $27.82, during its current trading session.

Citizens Financial Group, declared the appointment of Quincy Miller, President of Business Banking, as its new Massachusetts state president and the appointment of Connecticut Head of Middle Market Banking Lisa Maass as its new Connecticut state president.

As state presidents, Miller and Maass will lead Citizens’ engagement with civic, business and community leaders across their respective states.

“We are very happy to name Quincy and Lisa as our new state presidents in Massachusetts and Connecticut, respectively,” said Bruce Van Saun, Chairman and Chief Executive Officer. “Both are practiced bankers and strong leaders who will assist us continue to provide great service to Citizens customers, while growing our business in these key markets.”

Miller succeeds outgoing Massachusetts president Jerry Sargent, who will focus on leading Citizens’ Middle Market business after serving as state president for five years. The Middle Market segment spans businesses with annual revenue of $25-$500 million. His responsibilities comprise the overall leadership of state presidents across the Citizens footprint.

A member of Citizens Bank’s Executive Leadership Group, Miller serves as a member of the Citizens Bank Charitable Foundation Board of Directors. He also presently serves as board chair for the Urban League of Eastern Massachusetts. Miller will retain responsibility for Citizens’ Business Banking business, which serves companies with annual revenue of up to $25 million.

Citizens Financial Group, Inc. operates as the bank holding company for Citizens Bank, N.A. and Citizens Bank of Pennsylvania that provide retail and commercial banking products and services in the United States. It operates through two segments, Consumer Banking and Commercial Banking.

Finally, eBay Inc. (NASDAQ:EBAY), gained 0.56%, and is now trading at $60.89.

All eyes are on eBay, as it plans to spin off PayPal in the third quarter and revitalize its core marketplace business. The company has laid out its strategy, emphasizing how it needs to go back to its roots. But there still seem to be a number of questions left to be answered, according to TheStreet.

One of the main questions revolves around the exact definition of eBay’s target audience, both from the buyer side in addition to the seller side.

According to eBay’s investor presentation on June 8, the company will focus on core buyers who are looking for deals and unique selection, small to medium businesses (SMBs) and consumer sellers.

eBay Inc. operates as a technology company that enables commerce and payments on behalf of users, merchants, retailers, and brands of various sizes in the United States and internationally. It operates in three segments: Marketplaces, Payments, and Enterprise.

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Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.

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