On Thursday, Shares of Principal Financial Group Inc (NYSE:PFG), lost -5.08% to $48.20.
Principal Financial Group, declared certain business unit financial metrics and an update on capital deployment plans for 2016. These metrics provide greater clarity of key drivers of earnings growth for each of the business units. There is a 30-minute conference call at 10:00 a.m. EST recently, Dec. 3, 2015. Company senior leaders will provide additional detail and answer questions.
The outlook for 2016 incorporates certain assumptions counting:
- Average S&P 500 index in 2016 of 2,160 assuming a 2 percent quarterly total return on levels as of the end of November 2015;
- 10-year treasury yield improvement to about 2.75-3.00 percent at year-end 2016;
- Future foreign exchange rates follow external1 consensus as of the end of third quarter 2015; reflects further strengthening of the U.S. dollar in 2016 relative to 2015;
- Total company effective tax rate of 20-22 percent
- Fee effective tax rate of 16-19 percent
- Spread effective tax rate of 30-35 percent
- Risk effective tax rate of 30-35 percent
- Corporate effective tax rate at 40 percent;
- $800 million to $1 billion of total capital deployed for common stock dividends, planned acquisitions, share repurchases, and managing the leverage ratio; and
- Diluted weighted average number of common shares outstanding ranging from 295 – 298 million.
Principal Financial Group, Inc. provides retirement, asset administration, and insurance products and services. It operates through Retirement and Investor Services, Principal Global Investors, Principal International, and U.S. Insurance Solutions segments.
Shares of GameStop Corp. (NYSE:GME), declined -3.22% to $32.78, during its last trading session.
The stockings are hung by the chimney with care, but inside they are sadly still completely bare. Thankfully, GameStop understands what’s best, bringing exclusive collectibles and more unlike the rest.
GameStop, a family of specialty retail brands that make the most popular technologies affordable and simple, is set this holiday season to satisfy gamers, geeks, fanatics and more with the widest selection of exclusive collectible items perfect to fill all types of stockings. GameStop offers gift-givers a convenient and affordable holiday shopping experience through its expanded line of collectible products such as POP! Vinyls, t-shirts, figures, and more that can only be found at GameStop.
GameStop Corp. operates as a multichannel video game retailer. It sells new and pre-owned video game hardware; physical and digital video game software; pre-owned and value video game products; video game accessories, such as controllers, gaming headsets, memory cards, and other add-ons for use with video game hardware and software; and digital products, counting downloadable content, network points cards, prepaid digital and online timecards, and digitally downloadable software.
Finally, Shares of Barclays PLC (ADR) (NYSE:BCS), ended its last trade with - 1.01% loss, and closed at $13.74.
Barclays Bank PLC, declared that it has extended by three months the expiration date of its consent solicitation (the “Consent Solicitation”) for the iPath® Bloomberg Energy Subindex Total Return ETN (“the ETNs”). The ETNs trade on the NYSE Arca exchange under the ticker symbol JJE.
Barclays is ongoing to solicit consents (the “Consents”) for the ETNs to the projected amendments described below (collectively, the “Projected Amendment”) on the terms and conditions as set forth in the Consent Solicitation Statement, dated October 1, 2015 (the “Consent Solicitation Statement”) and the accompanying Voter Instruction Form (the “VIF”). Consents are being solicited from each person in whose name beneficial ownership of the ETNs was recorded as of 5:00 p.m., Eastern Standard Time, on September 24, 2015, the record date for the Consent Solicitation.
The Consent Solicitation will now expire on February 29, 2016, or such earlier date (the “Effective Time”) on which the approval of holders of a majority in aggregate principal amount (the “Required Consents”) of the ETNs is received and Barclays declares the Projected Amendment to be effective. Barclays may terminate or extend the Consent Solicitation at any time in its sole discretion.
Barclays PLC, through its auxiliaries, provides various financial products and services worldwide. It offers personal and corporate banking, mortgage, and wealth and investment administration services to individuals and businesses; consumer payments products and services to consumers and merchants; and retail and business banking, corporate and investment banking, and wealth administration and insurance services.