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Thursday 2 July 2015
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Current Trade News Analysis on: Regions Financial Corporation, (NYSE:RF), The Charles Schwab Corporation, (NYSE:SCHW), Pattern Energy Group, (NASDAQ:PEGI)

During Wednesday’s Current trade, Shares of Regions Financial Corporation (NYSE:RF), gained 1.25% to $10.49.

Regions Bank, has declared the 32 winners of its 2015 Regions Riding Forward® Scholarship Essay Contest.

Now in its fourth year, the Regions Riding Forward® Scholarship Essay Contest is the centerpiece of Regions’ Black History Month celebration and is based on the submission of a competitive essay about an inspirational African-American of the applicant’s choosing. Nearly 7,000 accomplished entries were presented, the most since the program began in 2012.

High school seniors were eligible to compete for a $5,000 scholarship while college freshmen, sophomores and juniors were eligible to compete for a $3,500 scholarship. Once the scholarships are awarded in 2015, Regions will have offered more than $500,000 in scholarships through this program.

Regions Financial Corporation, together with its auxiliaries, provides banking and bank-related services to individual and corporate customers in the United States. Its Corporate Bank segment offers commercial banking services, such as commercial and industrial, commercial real estate, and investor real estate lending, in addition to equipment lease financing services.

Shares of The Charles Schwab Corporation (NYSE:SCHW), inclined 1.23% to $33.05, during its current trading session.

The Charles Schwab Corporation, declared it is adding one new ETF provider – J.P. Morgan Asset Administration – and nine new ETFs to Schwab ETF OneSource™, the program that offers investors and advisors the most commission-free* ETFs anywhere in the industry. The additions give investors more choice within two highly sought-after categories in investing recently – currency-hedged ETFs and planned beta funds across both U.S. and international markets.

Starting today, all three of J.P. Morgan Asset Administration’s diversified return planned beta ETFs will be accessible to Schwab clients with $0 online trade commissions. J.P. Morgan Asset Administration is the 14th provider to join the Schwab ETF OneSource program, joining ALPS, Direxion Investments, ETF Securities, Global X Funds, Guggenheim Investments, IndexIQ, PIMCO, PowerShares, ProShares, State Street SPDR® ETFs, United States Commodity Funds, WisdomTree and Charles Schwab Investment Administration.

Six additional funds from current providers will be added to Schwab ETF OneSource tomorrow. WisdomTree is adding four currency-hedged products, ETF Securities is adding a diversified-factor ETF and Direxion Investments is adding a planned beta high dividend ETF.

The Charles Schwab Corporation, through its auxiliaries, provides wealth administration, securities brokerage, banking, money administration, and financial advisory services. The company operates through two segments, Investor Services and Advisor Services.

Finally, Pattern Energy Group Inc. (NASDAQ:PEGI), gained 1.09%, and is now trading at $28.69.

Pattern Energy Group, declared the addition of four wind power projects and two solar power projects to its list of identified Right of First Offer (ROFO) projects from Pattern Energy Group LP. The six projects total 723 megawatts (MW). A total owned interest of 526 MW is being added to the ROFO list.

Highlights

  • Expands Pattern Energy’s presence into New Mexico and Japan
  • Adds 526 MW to identified ROFO list, counting 128 MW in Japan and 398 MW in New Mexico
  • Six new projects comprise two solar projects and four wind projects
  • All projects will have long-term power purchase agreements (PPAs)
  • Enhances identified ROFO list to 14 projects with 1,346 MW of total owned capacity.

Pattern Energy Group Inc., an independent power company, owns and operates power projects in the United States, Canada, and Chile. As of March 2, 2015, the company owned interests in 12 wind power projects with the capacity of 1,636 megawatts.

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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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