On Thursday, Capital One Financial Corp. (NYSE:COF)’s shares declined -0.32% to $88.32.
On Thursday, July 23, 2015, at about 4:05 p.m. Eastern time, Capital One Financial Corporation (COF) will release its Second Quarter 2015 earnings results. Additionally, the company will host a conference call at 5:00 p.m. Eastern time to review financial and operating performance for the quarter ending June 30, 2015.
Capital One Financial Corporation operates as the bank holding company for the Capital One Bank (USA), National Association (COBNA); and Capital One, National Association (CONA), which provide various financial products and services in the United States, the United Kingdom, and Canada. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.
First Horizon National Corp (NYSE:FHN)’s shares dropped -2.13% to $15.59.
First Horizon National Corp (FHN) a Memphis, TN-based financial services company on Jun 22, 2015. The company has attractive growth prospects given its various restructuring initiatives in addition to an extended focus on cost control.
Since 2008, First Horizon has been effectively divesting its mortgage and legacy national lending portfolios, and intends to continue with the planned wind down. Such measures will provide the company with additional resources, giving it an opportunity to deploy excess capital through dividend increments and share buybacks.
Further, First Horizon has been cautiously controlling expenses through process improvement, branch network optimization and other efficiencies together with lowering its corporate real estate footprint. It is also attempting to curtail its annual expenses by another $20–$50 million, going forward. Notably, non-interest expenses have declined at a 3-year CAGR of 22% (2012–2015). This is likely to enhance the company’s bottom-line expansion.
First Horizon National Corporation operates as the bank holding company for First Tennessee Bank National Association that provides various financial services in the United States and internationally. The company offers general banking services for consumers, businesses, financial institutions, and governments. It also provides investments, financial planning, trust, asset administration, credit card, and cash administration services.
At the end of Thursday’s trade, Kohl’s Corporation (NYSE:KSS)‘s shares surged 0.49% to $63.13.
Kohl’s Corporation (KSS) has declared senior administration changes to enable smooth operations.
Kohl’s has designated Michelle Gass to the position of Chief Merchandising and Customer Officer. In her new role, Gass is predictable to oversee all of Kohl’s merchandising, planning and allocation, and product development functions. Gass will also be responsible for overall customer engagement strategy, which comprises the company’s marketing, public relations and social media efforts. Gass will continue to report to Kevin Mansell, Kohl’s chairman, chief executive officer and president.
Kohl’s also promoted Wesley McDonald to the position of Chief Financial Officer and Richard Schepp to the position of Chief Administrative Officer.
Kohl’s is also looking for a new Chief Operating Officer (‘COO’), who together with Gass, can succeed Mansell upon his eventual retirement. Until the company finds its new COO, Mansell will oversee the responsibilities of a COO for the company’s store operations, logistics and supply chain network, information and digital technology, e-commerce strategy and operations, and store construction and design.
Mansell became the CEO of the company in 2008. However, since then, statedly, the retailer’s sales not taking into account newly opened or closed stores have been sluggish. Profits have also been weak.
Kohl’s Corporation operates department stores in the United States. It offers private label, exclusive, and national brand apparel, footwear, accessories, beauty, and home products to children, men, and women customers. The company also sells its products online at Kohls.com and through mobile devices. As of March 03, 2015, it operated 1,162 department stores in 49 states Kohl’s Corporation was founded in 1962 and is headquartered in Menomonee Falls, Wisconsin.
Popular Inc (NASDAQ:BPOP), ended its Thursday’s trading session with -1.26% loss, and closed at $29.68.
Popular Inc (BPOP) declared that it has released the results of its 2015 “company-run” stress test required by the Dodd-Frank Wall Street Reform and Consumer Protection Act for Popular, Inc. and its principal banking partner, Banco Popular de Puerto Rico.
Popular, Inc., through its auxiliaries, provides various retail and commercial banking products and services primarily to institutional and retail customers. The company accepts various deposit products. It also offers commercial and industrial loans; commercial real estate loans; construction loans; lease financing comprising automobile loans/leases; residential mortgage and construction loans; and consumer loans, counting personal loans, credit cards, home equity lines of credit, and other loans to individual borrowers.
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