On Friday, Shares of AT&T, Inc. (NYSE:T), gained 1.06% to $34.29.
AT&T has accomplished its acquisition of DIRECTV. The newly combined company – the largest pay TV provider in the United States and the world – will offer millions of people more choices for video entertainment on any screen from almost anywhere, any time.
AT&T now is the largest pay TV provider in the U.S. and the world, providing service to more than 26 million customers in the United States and more than 191 million customers in Latin America, counting Mexico and the Caribbean. Additionally, AT&T has more than 132 million wireless subscribers and connections in the U.S. and Mexico; offers 4G LTE mobile coverage to nearly 310 million people in the U.S.; covers 57 million U.S. customer locations with high-speed Internet; and has nearly 16 million subscribers to its high-speed Internet service.
Current customers of AT&T and DIRECTV do not need to do anything as a result of the merger. They’ll continue to receive their same services, channel lineups, and customer care. Customer account information, online access and billing arrangements remain the same. The integration of AT&T and DIRECTV will occur over the coming months. In the coming weeks, AT&T will launch new integrated TV, mobile and high-speed Internet offers that give customers greater value and convenience.
AT&T Inc. provides telecommunications services in the United States and internationally. The company operates through two segments, Wireless and Wireline. The Wireless segment offers data and voice services, counting local, long-distance, and network access services, in addition to roaming services to youth, family, professionals, small businesses, government, and business customers.
Shares of MetLife, Inc. (NYSE:MET), declined -1.06% to $56.15, during its last trading session.
MetLife declared that it has loaned $505 million to an investor group comprising associates of Loews Hotels & Resorts, NBCUniversal and Hard Rock International.
The fixed-rate loan, which was used to refinance existing debt, has a term of 10 years. The loan is secured by three AAA four-diamond resort hotels, together with a central support facility all located at Universal Orlando Resort in Orlando, Fla.
The hotel properties are the Loews Portofino Bay Hotel at Universal Orlando, Hard Rock Hotel, and Loews Royal Pacific Resort at Universal Orlando, containing a total of 2,400 rooms and more than 180,000 square feet of conference space.
In 2014, MetLife originated about $12.1 billion in commercial mortgage loans, a five percent enhance over the $11.5 billion originated in the previous year.
Real estate investments, counting commercial mortgage loans, are an important part of MetLife’s asset-liability matching program. These long-term investments are designed to provide a good match for the long-term liabilities the company writes.
MetLife, Inc. provides life insurance, annuities, employee benefits, and asset administration products in the United States, Japan, Latin America, Asia, Europe, and the Middle East. It operates in six segments: Retail; Group, Voluntary & Worksite Benefits; Corporate Benefit Funding; Latin America; Asia; and Europe, the Middle East and Africa.
Finally, Discover Financial Services (NYSE:DFS), ended its last trade with -2.50% loss, and closed at $55.81.
Discover Financial Services, stated net income of $599 million or $1.33 per diluted share for the second quarter of 2015, as contrast to $644 million or $1.35 per diluted share for the second quarter of 2014. The company’s return on equity for the second quarter of 2015 was 21%.
Second Quarter Highlights
- Total loans grew $3.2 billion, or 4.8%, from the preceding year to $69.0 billion.
- Credit card loans grew $2.2 billion, or 4.2%, to $54.9 billion and Discover card sales volume raised 2.3% from the preceding year or about 5% not taking into account gas purchases.
- Net charge-off rate for credit card loans reduced 5 basis points from the preceding year to 2.28% and the delinquency rate for loans over 30 days past due reduced 8 basis points to 1.55%.
- Payment Services transaction dollar volume for the segment was $47.5 billion, down 7% from the preceding year.
Discover Financial Services operates as a direct banking and payment services company in the United States. It operates in two segments, Direct Banking and Payment Services.
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