On Friday, Visa Inc (NYSE:V)’s shares inclined 4.34% to $69.47.
Visa Inc (NYSE:V) declared that Americans modestly raised their spending in April, with growth across most major purchase categories, according to Visa’s Retail Spending Monitor (RSM), a quarterly report that tracks retail spending patterns based on real-time purchase data. Retail spending in April was up 4.5 percent from the preceding year, not taking into account automobile and gasoline purchases. Amid a strengthening housing market and renewed confidence in the economy, Americans continue to open their wallets for restaurant meals, hotel stays, household goods like appliances and furniture, and other more day-to-day needs. Eleven of the fourteen major spending categories that Visa tracks showed growth from the preceding year.
Visa Inc., a payments technology company, operates as a retail electronic payments network worldwide. The company facilitates commerce through the transfer of value and information among financial institutions, merchants, consumers, businesses, and government entities.
JPMorgan Chase & Co. (NYSE:JPM)’s shares gained 1.53% to $65.49.
Gordon Smith, Chief Executive Officer of Consumer & Community Banking at JPMorgan Chase & Co. (JPM) will present at the Deutsche Bank Global Financial Services Conference at The Pierre Hotel in New York City, on Tuesday, June 2, 2015, at 9:35 a.m. (Eastern).
JPMorgan Chase & Co., a financial holding company, provides various financial services worldwide. The company operates through four segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset Administration.
At the end of Friday’s trade, Morgan Stanley (NYSE:MS)‘s shares surged 0.93% to $37.89.
Morgan Stanley (NYSE:MS) the dedicated infrastructure investing platform of Morgan Stanley, declared recently that it has agreed to sell Southern Star Central Corp. (Southern Star) to a consortium comprising of associates of GE Energy Financial Services and Caisse de dépôt et placement du Québec. The terms of the transaction were not revealed.
Southern Star, headquartered in Owensboro, Kentucky, is a FERC-regulated interstate natural gas transmission and storage system, comprising of over 5,800 miles of pipeline and 47 billion cubic feet of working gas storage capacity. The company has facilities and employees in eight states. The system serves utility, municipal, commercial, industrial and power generation customers in the U.S. Midwest with natural gas sourced in large and growing production fields in the U.S. Midcontinent and Rockies regions. MSI attained its 100 percent interest in Southern Star through two separate negotiated transactions.
Morgan Stanley, a financial holding company, provides various financial products and services to corporations, governments, financial institutions, and individuals worldwide. The company’s Institutional Securities segment offers financial advisory services on mergers and acquisitions, divestitures, joint ventures, corporate restructurings, recapitalizations, spin-offs, exchange offers, leveraged buyouts, takeover defenses, and shareholder relations, in addition to provides capital raising and corporate lending services.
Spirit Realty Capital, Inc (New) (NYSE:SRC), ended its Friday’s trading session with 1.88% gain, and closed at $11.40.
Spirit Realty Capital, Inc (New) (NYSE:SRC) declared its operating results for the quarter ended March 31, 2015.
Net income attributable to common stockholders totaled $25.3 million, or $0.06 per diluted share, contrast to $14.2 million, or $0.04 per diluted share for the same period in 2014.
Funds from Operations (“FFO”) for the quarter ended March 31, 2015, raised 9.4% to $81.7 million, or $0.20 per diluted share, contrast to $74.7 million, or $0.20 per diluted share, for the same period in 2014.
Adjusted Funds from Operations (“AFFO”) for the quarter ended March 31, 2015, raised 17.3% to $87.5 million, or $0.21 per diluted share, contrast to $74.6 million, or $0.20 per diluted share, for the same period in 2014.
Spirit Realty Capital, Inc is a publicly traded real estate investment trust. The firm primarily acquires across the United States single tenant operationally essential real estate, which refers to generally free-standing, commercial real estate facilities where tenants conduct retail, service or distribution activities that are essential to the generation of their sales and profits.
On Friday, MGIC Investment Corp. (NYSE:MTG)’s shares inclined 1.43% to $10.63.
Mortgage Guaranty Insurance Corporation (MGIC), the principal partner of MGIC Investment Corp. (NYSE:MTG) has hired Stephen Mackey to be Executive Vice President - Chief Risk Officer upon the formerly declared retirement of Lawrence Pierzchalski. Mr. Mackey will join the firm in late June.
MGIC Investment Corporation, through its auxiliaries, provides private mortgage insurance and ancillary services to lenders and government sponsored entities in the United States.
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