On Tuesday, New York Community Bancorp, Inc. (NYSE:NYCB)’s shares inclined 0.71% to $18.38.
New York Community Bancorp, Inc. (NYCB) declared that it anticipates to issue its earnings release for the three and six months ended June 30, 2015 at about 7:00 a.m. Eastern Daylight Time (EDT) on Wednesday, July 22, 2015. The release will be posted to the Company’s website, ir.myNYCB.com, upon issuance.
The Company will conduct a post-earnings conference call at 8:30 a.m. (EDT) on the same date, during which President and Chief Executive Officer Joseph R. Ficalora will talk about highlights of the Company’s second quarter 2015 performance, in addition to its business strategies. The conference call will be simultaneously webcast at ir.myNYCB.com and archived through 5:00 p.m. on August 19, 2015.
New York Community Bancorp, Inc. operates as a holding company for New York Community Bank and New York Commercial Bank that offer banking products and financial services in New York, New Jersey, Florida, Ohio, and Arizona. The company offers various deposit products that comprise checking and savings accounts, individual retirement accounts, certificates of deposit, NOW and money market accounts, and non-interest-bearing accounts.
Masco Corporation (NYSE:MAS)’s shares gained 0.87% to $26.67.
The board of directors at Masco Corporation MAS approved the spin-off of its Installation and Other Services segment into an independent publicly traded company, called TopBuild Corp. The divesture was declared in September last year.
Headquartered in Central Florida, TopBuild will trade with the ticker symbol “BLD” on the NYSE. The entire common stock of TopBuild will be distributed by Masco, predictable to be accomplished by Jun 30. Masco shareholders will receive one share of TopBuild common stock for every nine shares they hold at the close of business as on Jun 19. The “when-issued” public trading of TopBuild common stock is predictable to start on or about Jun 17 and continue through the distribution date. The “regular way” trading of TopBuild common stock is predictable to commence on Jul 1, the first trading day following the distribution date.
TopBuild will hold the assets and operations of the Installation and Other Services businesses on completion of the divesture. It will have over 190 installation branch locations and more than 70 distribution centers across the U.S.
Masco Corporation manufactures, distributes, and installs home improvement and building products worldwide. The company’s Cabinets and Related Products segment provides cabinetry for kitchen, bath, storage, home office, and home entertainment applications; and kitchen countertops, and integrated bathroom vanity and countertop solutions. Its Plumbing Products segment offers faucets, showerheads, handheld showers, valves, bathing units, and toilets; acrylic tub and shower systems, bath and shower enclosure units, shower trays, and laundry tubs, in addition to spas; and brass and copper plumbing system components, and other plumbing specialties.
At the end of Tuesday’s trade, NetApp Inc. (NASDAQ:NTAP)‘s shares dipped -0.36% to $31.56.
As its rivalry with data center software leader VMware (VMW) grows, hot startup Nutanix’s product roadmap also spells trouble for NetApp (NASDAQ:NTAP), says investment bank Jefferies in a research report.
Nutanix, a maker of server and data storage systems that run on network management software, strutted out new alliances at a user conference in Miami this week.
San Jose, Calif.-based Nutanix has formed closer ties to Microsoft (NASDAQ:MSFT), analysts say, aiming for partners that will assist its “hyperconvergence” technology gain traction among corporate customers. Last year, Nutanix partnered with privately held Dell.
NetApp, Inc. provides software, systems, and services to manage and store computer data worldwide. It offers Data ONTAP storage operating system that delivers integrated data protection, comprehensive data administration, and built-in software for virtualized, shared infrastructures, cloud computing, and mixed workload business applications; E-Series storage systems for storage area network workloads (SAN); all-flash arrays that deliver input/output operations per second and ultralow latency to drive speed, responsiveness, and value from the applications that control key business operations; and hybrid arrays for mainstream business applications.
Discover Financial Services (NYSE:DFS), ended its Tuesday’s trading session with 0.51% gain, and closed at $57.62.
Finicity Corp.™ makers of the popular personal finance application Mvelopes (www.mvelopes.com) and Discover Personal Loans are working together to assist consumers take control over their finances. Finicity’s Financial Wellness programs, counting Mvelopes, assist keep people on track with their spending, budget, and planned loan repayment.
This unique program brings together the power of Discover’s Personal Loans, backed by Finicity’s tools; education and accountability, to assist consumers eliminate high interest debt. Once approved for a personal loan, Mvelopes users can sync their Discover Personal Loan with their web and mobile app to assist them stay on top of payments and focus on paying their balances off as quickly as possible.
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. The Direct Banking segment offers Discover-branded credit cards to individuals; and other consumer products and services, counting private student loans, personal loans, home loans, home equity loans, prepaid cards, and other consumer lending, in addition to deposit products, such as certificates of deposit, money market accounts, savings accounts, checking accounts, and individual retirement arrangement certificates of deposit.
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