On Friday, Shares of Yum! Brands, Inc. (NYSE:YUM), gained 4.21% to $72.21. The stock attained the volume of 9.72 million shares.
Yum! Brands, Inc. (YUM) declared it is nearing conclusion of its planned review, the appointment of Keith A. Meister to its Board of Directors, and updated its outlook for 2015.
The Company said its Board and administration are close to concluding their thorough review of planned options, counting those related to the Company’s structure, and intend to communicate the outcome shortly.
With the election of Mr. Meister, the Yum! Brands Board of Directors expands to 14 members. Mr. Meister will be comprised of in the Company’s slate of nominees for election to the Board at the 2016 Annual Meeting of Shareholders.
YUM! Brands, Inc., together with its auxiliaries, operates quick service restaurants. It operates in five segments: YUM China, YUM India, the KFC Division, the Pizza Hut Division, and the Taco Bell Division.
At the end of Friday’s trade, Shares of SFX Entertainment Inc (NASDAQ:SFXE), inclined 12.50% to $1.17.
It traded in a range of $1.14 and $1.59, exchanging hands with 7.39 million shares.
The stock is down -76.22% in this year through last close. In the trailing twelve months, net profit margin of the company was -29.90% while gross profit margin was 24.10%.
SFX Entertainment, Inc. engages in the production of live events and digital entertainment content that focuses on the electronic music culture (EMC) and other festivals. The company produces and promotes live EMC festivals and events; produces music tours; and sells event tickets through a ticketing platform, in addition to provides merchandising and related services.
Finally, Shares of U.S. Bancorp (NYSE:USB), ended its last trade with -0.59% loss, and closed at $40.77.
U.S. Bancorp (USB) stated net income of $1,489 million for the third quarter of 2015, or $0.81 per diluted common share, contrast with $1,471 million, or $0.78 per diluted common share, in the third quarter of 2014.
Net income attributable to U.S. Bancorp was $1,489 million for the third quarter of 2015, 1.2 percent higher than the $1,471 million for the third quarter of 2014, and 0.4 percent higher than the $1,483 million for the second quarter of 2015. Diluted earnings per common share of $0.81 in the third quarter of 2015 were $0.03 higher than the third quarter of 2014 and $0.01 higher than the previous quarter. The enhance in net income year-over-year was due to higher net interest income and noninterest income, together with a reduction in the provision for credit losses, partially offset by an enhance in noninterest expense. The enhance in net income on a linked quarter basis was primarily due to enhances in net interest income and noninterest income, partially offset by higher noninterest expense.
Net income attributable to U.S. Bancorp for the third quarter of 2015 was $18 million (1.2 percent) higher than the third quarter of 2014, and $6 million (0.4 percent) higher than the second quarter of 2015. The enhance in net income year-over-year was due to higher net interest income, primarily due to growth in earning assets, and noninterest income, primarily driven by enhances in commercial products, payments and trust and investment administration fee revenue. These enhances were offset by an enhance in noninterest expense, which comprised of higher compensation and employee benefits expense and other costs related to risk and compliance activities. The enhance in net income on a linked quarter basis was primarily due to enhances in net interest income and noninterest income, partially offset by higher noninterest expense. As formerly revealed in recent weeks, the third quarter of 2015 comprised of several unrelated items that, combined, were relatively neutral to earnings.
U.S. Bancorp, a financial services holding company, provides a range of financial services in the United States. It offers depository services, which comprise checking accounts, savings accounts, and time certificate contracts; and lending services, such as traditional credit products, in addition to credit card services, leasing, financing and import/export trade, asset-backed lending, agricultural finance, and other products.
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