On Thursday, E*TRADE Financial Corp (NASDAQ:ETFC)’s shares declined -1.72% to $25.78.
E*TRADE Financial Corp declared results from the most recent wave of StreetWise, E*TRADE’s quarterly tracking study of practiced investors. Results show that retirement saving weighs heavily on investors’ minds, and many wish they had learned more about saving for retirement.
- Not having enough saved for retirement is a greater fear than physical injury or job loss.
- Retirement is the number-one reason why practiced investors save for the long term.
- “Saving for Retirement” is the finance course investors most wish they had taken in school.
Practiced investors’ retirement concerns come as nearly a quarter of all investors have made early withdrawals from a retirement account, with more than one in 10 having done so to make a large purchase, to vacation, or just to spend money on themselves. Of investors who made early withdrawals, roughly half of those under age 55 regret it.
E*Trade Financial Corporation is a financial services company that provides brokerage and related products and services primarily to individual retail investors under the brand E*TRADE Financial. It also provides investor-focused banking products, primarily sweep deposits, to retail investors.
Ascena Retail Group Inc (NASDAQ:ASNA)’s shares gained 0.88% to $13.80.
Shares of Ascena Retail Group saw a noteworthy growth in short interest during the month of September. As of September 15th, there was short interest totaling 19,237,067 shares, a growth of 21.4% from the August 31st total of 15,840,299 shares, Marketbeat.com reports. About 11.5% of the shares of the stock are sold short. Based on an average daily volume of 4,247,331 shares, the short-interest ratio is presently 4.5 days.
Ascena Retail Group, Inc. is a national specialty retailer offering clothing, shoes and accessories for missy and plus-size women through its 100% owned subsidiaries, under the Lane Bryant, maurices, dressbarn and Catherines brands; and for tween girls and boys, under the Justice brand.
At the end of Thursday’s trade, Ocwen Financial Corp (NYSE:OCN)‘s shares surged 2.04% to $7.01.
Ocwen Financial declared that as part of an ongoing cost improvement initiative the Company will reduce its workforce at its Waterloo, Iowa residential servicing facility.
The decision will affect about 300 residential servicing employees, which is 10 percent of the Company’s about 2,900 U.S. employees. All influenced employees will have the opportunity to apply for employment at other Ocwen facilities, counting 130 open positions at the Coppell, Texas facility.
The Company will also seek to lease about half of its 155,000 sq. foot facility in Waterloo, and it is working closely with the City of Waterloo and the Greater Cedar Valley Alliance & Chamber’s office of Economic Development to source the right tenant. The Company will continue to maintain a presence in Waterloo.
Ocwen Financial Corporation is a financial services holding company. The Company through its subsidiaries is engaged in the servicing and origination of mortgage loans. The Company operates in three segments such as, servicing, lending, and corporate items and other.
Yum! Brands, Inc. (NYSE:YUM), ended its Thursday’s trading session with -0.76% loss, and closed at $78.32.
Pizza Hut, a partner of Yum! Brands, Inc. (YUM), is introducing another epic pizza creation that finally brings pizza and breadsticks together: The Twisted Crust Pizza.
Launching Sept. 21, the large hand-tossed Twisted Crust pizza features a tearable, dippable breadstick crust served with a choice of two dipping sauces and one-topping for $11.99.
For added flavor, Pizza Hut is launching two new dipping sauces to accompany the Twisted Crust Pizza. The pizza will be delivered with a traditional marinara sauce for dipping and a choice of either Buffalo Ranch or a Cheddar Cheese sauce.
YUM! Brands, Inc. (YUM) is engaged in restaurant business. YUM develops, operates, franchises and licenses a system of both traditional and non-traditional Quick Service Restaurants (QSR), which prepare, package and sell a menu of food items.
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