On Tuesday, Shares of Wells Fargo & Co (NYSE:WFC), lost -0.67% to $51.83. 16.00 million shares of the company were exchanged.
Wells Fargo & Company (WFC) is celebrating Diwali with a $50,000 donation to Operation Smile to help provide life-changing surgeries for children and young adults in India who are born with cleft lip and cleft palate. To help kick-off the Indian New Year, the company will participate in a series of Diwali community celebrations throughout the country, including events in California, New Jersey and Texas.
From Oct. 16, 2015 to Nov. 30, 2015, Wells Fargo encourages customers to send their own smiles and holiday goodwill to those in India by making a donation to Operation Smile. Customers can make a donation and learn more about the company’s partnershipwith Operation Smile by visiting www.wellsfargo.com/diwalismiles.
To celebrate Diwali with customers and the community, Wells Fargo also is supporting a concert, exclusive Bollywood movie screenings and a series of melas, or festivals, throughout the country. These comprise a concert in San Jose on November 13, and Diwali festivals in Pleasanton, Calif. on October 24, Dallas, Texas on October 31 and Edison, New Jersey on November 7. Bollywood Movie Night Out events will be held in Los Angeles and Washington D.C.
Wells Fargo & Company provides retail, commercial, and corporate banking services to individuals, businesses, and institutions. Its Community Banking segment offers checking, savings, market rate, individual retirement, and health savings accounts, in addition to time deposits and remittances; and lines of credit, auto floor plan lines, equity lines and loans, equipment and transportation loans, education and residential mortgage loans, and debit and credit cards.
Shares of Transocean LTD (NYSE:RIG), declined -0.64% to $15.59, during its last trading session.
The share price of this stock traded recently in a range of $15.33 to $16.11. The company now has a market value of $5.98 billion.
For this company, beta value at 1.83 represents it is more volatile to the shift in the market. If we take a look on its volatility, 7.06% was seen in a week and for the month it was 7.13%.
Transocean’s stock was down after oil prices dropped following a bearish outlook on the world’s oil market.
The oil market is predictable be oversupplied for at least an additional year even if non-OPEC producers curb production, according to an outlook by the International Energy Agency, Reuters reports.
A weaker U.S. dollar had supported a rise in crude oil prices earlier Tuesday.
“There is some uncertainty in the trading markets about the direction of the U.S. dollar, with some trading action in oil reflecting hopes that the U.S. dollar declines further,” Seaport Global Securities macro strategist Richard Hastings told Reuters.
Switzerland-based Transocean is an offshore drilling provider for the oil and gas industries.
Transocean Ltd., together with its auxiliaries, provides offshore contract drilling services for oil and gas wells worldwide. The company primarily offers deepwater and harsh environment drilling services.
Finally, Shares of Northstar Realty Finance Corp (NYSE:NRF), ended its last trade with 0.24% gain, and closed at $12.50.
NorthStar Realty Finance Corp. (NRF) declared that, in connection with the formerly declared spin-off of its European real estate business (the “Spin-Off”), its Board of Directors declared a record date of October 22, 2015 and a distribution date of October 31, 2015 for the distribution of all the outstanding common stock of NorthStar Realty Europe Corp. to the holders of NorthStar Realty common stock. Right Away following the Distribution, NorthStar Realty anticipates to conduct a one-for-two reverse stock split of its common stock. In the Distribution, each NorthStar Realty common stockholder will receive shares of NRE common stock on a one-for-six basis, before giving effect to the one-for-two reverse stock split.
The record date for the Distribution will be after the close of regular New York Stock Exchange trading hours on October 22, 2015 and will be accomplished and effective by 11:59 p.m., New York Time, on October 31, 2015. The reverse stock split will be effective at 12:01 a.m., New York Time, on November 1, 2015. Stockholders that would otherwise own fractional shares of NRE’s common stock following the Distribution and NorthStar Realty’s common stock following the reverse stock split will receive cash in lieu of fractional shares.
As a result of the reverse stock split, the number of outstanding shares of NorthStar Realty’s common stock will be reduced from about 382.2 million to 191.1 million (based upon the total number of common shares, LTIPs and RSUs not subject to performance hurdles, predictable to be outstanding on the Distribution date).
NorthStar Realty Finance Corp. is a commercial real estate company. The Company invests in multiple asset classes across commercial real estate (CRE). Its portfolio comprises of healthcare, hotel, manufactured housing communities, net lease, multifamily properties and international real estate, with a focus on Europe.
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