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Tuesday 18 August 2015
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Active Stock’s Momentum: Citizens Financial Group Inc (NYSE:CFG), Piedmont Office Realty Trust, Inc. (NYSE:PDM), Infinera Corp. (NASDAQ:INFN)

On Thursday, Shares of Citizens Financial Group Inc (NYSE:CFG), gained 0.65% to $26.20.

Citizens Bank, declared it has been ranked second in the nation among home loan servicers for client satisfaction in a study conducted by J.D. Power.

According to the J.D. Power 2015 U.S. Primary Mortgage Servicer Satisfaction Study, Citizens scored 50 points above the industry average.

“Delivering top-notch customer service is a key component of our commitment to provide customers with the best possible banking experience, and it is gratifying that we have been recognized by J.D. Power,” said Brad Conner, Vice Chairman and Head of Consumer Banking. “These findings reflect the investments we’ve made not only in our mortgage business, but across the entire bank, to assist our customers bank better.”

Designated one of the Most Reputable Banks in the country by American Banker/Reputation Institute in 2015, Citizens also has consistently received national recognition from industry analysts at Javelin Associates for the quality of its mobile banking apps. In addition, MONEY Magazine recently selected Citizens Bank as one of nation’s best banks in its 2014 list of “The Best Banks in America,” recognizing the company for its level of customer convenience. Citizens won similar honors from MONEY Magazine in 2013 in the customer experience category.

Citizens Financial Group, Inc. operates as the bank holding company for Citizens Bank, N.A. and Citizens Bank of Pennsylvania that provide retail and commercial banking products and services in the United States. It operates through two segments, Consumer Banking and Commercial Banking.

Shares of Piedmont Office Realty Trust, Inc. (NYSE:PDM), inclined 0.33% to $18.24, during its last trading session.

Piedmont Office Realty Trust, declared that it has reached a binding agreement to sell its largest asset, Aon Center, located at 200 E. Randolph Street in downtown Chicago, IL, for a gross sales price of $712 million ($260 per square foot) to The 601W Companies, a private real estate investment company. The sale is anticipated to close early in the fourth quarter of 2015.

Aon Center is an approximate 86% leased, 2.7 million square foot, 83-story, multi-tenant, trophy office tower constructed in 1972. Situated on about 3.5 acres in Chicago`s East Loop, Aon Center offers spectacular views of the city, Lake Michigan and Millennium Park, in addition to superior amenities. Last week, Piedmont declared that the Kraft Heinz Company, the newly-merged, global food and beverage giant, will relocate its Chicago headquarters from Northfield, IL, to five floors of the building.

“The successful sale of Aon Center will be the culmination of Piedmont`s long term strategy of transforming the asset into one of Chicago`s most prestigious office towers,” said Piedmont President and Chief Executive Officer Donald A. Miller, CFA. “We have been fortunate to attract a number of distinguished tenants to Aon Center, such as KPMG, Microsoft, United Health Group, Integrys, the Federal Home Loan Bank of Chicago, and most recently Kraft Heinz. Additionally, we have also been successful in renewing existing quality tenants such as Aon, JLL, AT&T, and Edelman,” concluded Miller.

Piedmont`s Ray Owens, Executive Vice President - Capital Markets, and Tom Prescott, Executive Vice President - Midwest Region, together with the JLL team of Bruce Miller and Nooshin Felsenthal, facilitated negotiations on behalf of the seller.

Piedmont Office Realty Trust, Inc. engages in the acquisition and ownership of commercial real estate properties in the United States. Its property portfolio primarily comprises of office and industrial buildings, warehouses, and manufacturing facilities.

Finally, Infinera Corp. (NASDAQ:INFN), ended its last trade with -0.79% loss, and closed at $23.86.

Windstream, and Infinera, have been deploying the Infinera DTN-X platform as a part of Windstream’s network expansion strategy.

Windstream Carrier Solutions provides Wave transport services up to 100G across the United States, leveraging Windstream’s DWDM Long-Haul Core Network. Carriers, Content/Over the Top providers and other network operators utilize Windstream Carrier Solutions to provide fiber-based, high bandwidth transport services to support those companies’ growing traffic demands.

With the deployment of the Infinera Intelligent Transport Network(TM), Windstream has achieved the following milestones in its network expansion plans this year:

  • 12 new 100G markets counting: Buffalo, Denver, Houston, San Antonio, Oklahoma City, and Tulsa
  • 3,900 additional fiber route miles featuring Infinera’s 500G super-channel technology
  • 20 Day Express Install guarantee for customers leveraging the Long-Haul Core Network

During the remainder of 2015, Windstream plans to expand 100G service to seven additional markets, counting Minneapolis and Louisville in September, and the addition of 5,600 route miles to the Long-Haul Core Network providing additional diverse routing options from major cities.

Infinera Corporation provides optical transport networking equipment, software, and services for telecommunications service providers, Internet content providers, cable operators, wholesale and enterprise carriers, research and education institutions, and government entities worldwide.

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Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.

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