On Monday, Credit Suisse Group AG (ADR) (NYSE:CS)’s shares declined -2.06% to $26.21.
Credit Suisse Group AG (ADR) (CS) Credit Suisse Asset Administration observed the following:
- Energy was the best performing sector, up 13.84%, with all constituents posting gains. Crude oil and petroleum products led the sector higher amid reports of declining US production and inventories, while demand continued to be strong.
- Industrial Metals raised 7.81%, led by Zinc. Positive new home and construction data was stated out of China, increasing expectations for a recovery in base metals demand.
- Livestock ended the period 1.73% higher, led by Lean Hogs. Exports were up sharply for the year through April 23rdcontrast to the same period last year.
- Precious Metals was the worst performing sector, down 0.84%. Silver led the sector lower as investment demand continued to be weak. While U.S. economic data was mixed, expectations were that it was still good enough for the Federal Reserve to consider tightening monetary policy sooner rather than later.
- Agriculture reduced 0.52%, led lower by Wheat. Forecasts of continued rainfall in the U.S. Southern Plains alleviated expectations of damaged crops caused by unfavorable dry weather conditions earlier in the year, and raised yield expectations.
Credit Suisse Group AG, together with its auxiliaries, provides various financial services to private, corporate, institutional, government clients, and high-net-worth individuals, in addition to affluent and retail clients worldwide.
Banco Bilbao Vizcaya Argentaria SA (ADR) (NYSE:BBVA)’s shares dropped -2.02% to $10.19.
Banco Bilbao Vizcaya Argentaria SA (ADR) (BBVA) declared the launch of a new brand campaign and tagline — “banking on a brighter future” — conveying its desire to give people better control of their financial lives through trusted advice and personalized, fast and convenient services.
The new branding supports the bank’s planned push to keep clients, and their needs, at the forefront of its plans to create an industry leading, innovative and transparent bank. Underpinning the brand positioning is a set of core values, among them leadership in technology and innovation, a unified, collaborative team, and “banking it forward” by doing good in BBVA Compass’ communities.
BBVA Compass Chairman and CEO Manolo Sanchez said “banking on a brighter future” is more than a tagline.
New marketing supports launch
Dominiquini said BBVA Compass will start using its new tagline and brand positioning in advertising this spring to showcase products and services that assist ease the stresses of everyday banking.
The new ads will promote consumer checking, the bank’s budgeting tools, mortgages, and small business, commercial and private banking offerings, among others.
New radio spots debut in 20 markets across the bank’s Sunbelt footprint this week, expanding to a broader digital advertising push in mid-May. Print advertising will also run in select markets.
The new advertising features people engaged in life’s brighter moments with friends and family, reinforcing the bank’s role in assisting clients enjoy what matters most, without unnecessary worry or distractions.
Banco Bilbao Vizcaya Argentaria, S.A. engages in the retail banking, wholesale banking, asset administration, and private banking businesses primarily in Spain, Eurasia, Mexico, South America, and the United States.
At the end of Monday’s trade, Gulfport Energy Corporation (NASDAQ:GPOR)‘s shares dipped -2.02% to $46.16.
Gulfport Energy Corporation (GPOR) stated financial and operational results for the quarter ended March 31, 2015 and offered an update on its 2015 activities. Key information is as follows:
- First quarter of 2015 net production averaged 424.4 MMcfe per day, an enhance of 161% contrast to the first quarter of 2014 and an enhance of 11% as contrast to the fourth quarter of 2014.
- Estimated April 2015 net production averaged 437 MMcfe per day, a 3% enhance over the first quarter of 2015.
- First quarter of 2015 realized natural gas price before the impact of derivatives and counting transportation costs averaged $2.77 per Mcf, a $0.21 per Mcf negative differential to NYMEX.
- Net income of $25.5 million, or $0.30 per diluted share, for the first quarter of 2015.
- Adjusted net loss of $7.2 million, or $0.08 per diluted share, for the first quarter of 2015.
Gulfport Energy Corporation engages in the acquisition, exploration, exploitation, and production of natural gas, natural gas liquids (NGLs), and crude oil in the United States.
Cemex SAB de CV (ADR) (NYSE:CX), ended its Monday’s trading session with -2.00% loss, and closed at $10.27.
Cemex SAB de CV (ADR) (CX) declared that it is undertaking a new U.S.$300 million investment in the Philippines. The new investment will comprise the construction of a new 1.5-million-ton, integrated cement-production line at CEMEX’s Solid Plant in Luzon. This will double the capacity of the Solid plant and will represent a 25% enhance in the company’s cement capacity in the Philippines.
With the recent visit of Fernando A. Gonzalez, Chief Executive Officer of CEMEX and his executive team in the country, highlighted by a meeting with His Excellency President Benigno S. Aquino III, CEMEX emphasized its continued commitment to the growth of the country. “We see a positive outlook in the business environment and we are committed to be a reliable cement supplier given the growing need for high quality building materials required for public infrastructure, commercial projects, and housing,” said Fernando A. Gonzalez.
In addition, CEMEX Philippines has set up an U.S.$18.6 million waste heat-to-energy power plant which will capture the excess heat in one of its cement production facilities to produce usable electricity. To date, CEMEX Philippines is already using alternative fuels such as rice husks and refuse-derived fuel (RDF) as part of its fuel mix to minimize energy costs.
CEMEX, S.A.B. de C.V., a building materials company, produces, markets, distributes, and sells cement, ready-mix concrete, aggregates, and other construction materials in Mexico, the United States, Northern Europe, the Mediterranean, South America, the Caribbean, and Asia.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
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.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should might occur.
