On Friday, Shares of Wells Fargo & Company (NYSE:WFC), lost -0.10% to $57.47.
Wells Fargo & Company declared that it has entered into a contract to offer Financial Engines’ (FNGN) suite of institutional retirement planning solutions to companies with 401(k) plans recordkept by Wells Fargo. As the nation’s largest independent registered investment advisor1, Financial Engines is the leader in providing high-quality advisory services to retirement plan participants. Wells Fargo anticipates a release date of mid-2016, at which time retirement plan sponsors on the Wells Fargo recordkeeping platform can elect to add this expanded offering to their retirement benefit plans to assist participants make the most out of their retirement savings.
The new direct offering comprises of Financial Engines’ full suite of advisory services for 401(k)-type retirement plans, counting:
- Professional Administration - a discretionary personalized administration service for participants who want to partner with or delegate the administration of their retirement accounts to a professional;
- Online Advice - personalized online savings and investment advice and retirement income projections for investors who want to manage their retirement themselves;
- Income+ - a retirement income solution that provides steady and flexible income in retirement; and
- Income planning and Social Security claiming guidance through Financial Engines’ well-regarded Social Security Planner.
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 inContact, Inc. (NASDAQ:SAAS), declined -28.42% to $6.75, during its last trading session, hitting its lowest level.
inContact stated record financial results for the second quarter ended June 30, 2015.
Revenue
Software segment revenue totaled $34.1 million for the quarter ended June 30, 2015, an enhance of 41% from $24.2 million in Q2 2014. Combined Software and Software-related Network connectivity revenue for the quarter ended June 30, 2015 was $51.0 million, an enhance of 32% from $38.5 million for the quarter ended June 30, 2014. About 89% of Network connectivity segment revenues were derived from contracts with customers utilizing our contact center software.
Merged revenue for the quarter ended June 30, 2015 was $53.1 million as compared to $41.1 million for the same period in 2014, an enhance of 29%.
For the six months ended June 30, 2015, Software segment revenue totaled $66.5 million, an enhance of 50% from $44.2 million for 2014. For the six months ended June 30, 2015, Network connectivity segment revenue totaled $37.9 million, an enhance of 12% from $34.0 million for the same period in 2014.
inContact, Inc. provides cloud contact center software solutions, and network connectivity services in the United States. The company operates in two segments, Software and Network Connectivity. It offers inContact ACD, an automatic call distributor; inContact IVR, an interactive voice response solution; inContact Personal Connection Outbound, a patented technology, which eliminates legacy dialers delays in greeting the caller; and inContact ECHO that gathers the opinion of the user and presents the analysis of the feedback directly to supervisors and agents.
Finally, Anadarko Petroleum Corporation (NYSE:APC), ended its last trade with -4.07% loss, and closed at $73.05.
Anadarko Petroleum Corporation declared a quarterly cash dividend on the company’s common stock of 27 cents per share, payable Sept. 23, 2015, to stockholders of record at the close of business on Sept. 9, 2015.
Anadarko Petroleum Corporation engages in the exploration, development, production, and marketing of oil and gas properties. It operates through three segments: Oil and Gas Exploration and Production; Midstream; and Marketing.
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