During Tuesday’s Afternoon trade, Shares of ACADIA Pharmaceuticals Inc. (NASDAQ:ACAD), lost -1.45% to $38.87.
ACADIA Pharmaceuticals Inc. (ACAD), a biopharmaceutical company focused on the development and commercialization of innovative medicines that address unmet medical needs in neurological and related central nervous system disorders, recently declared the following senior administration appointments:
- James A. Nash, Senior Vice President, Technology Development and Operations
- Ryan E. Brown, Vice President, Chief Compliance Officer
- Fred W. Manak, Jr., Vice President, Access and Reimbursement
- Bob Mischler, Vice President, Strategy and Business Development
ACADIA Pharmaceuticals Inc., a biopharmaceutical company, focuses on the development and commercialization of small molecule drugs that address unmet medical needs in neurological and related central nervous system disorders. Its lead product candidate is NUPLAZID, which accomplished the Phase III pivotal trials for the treatment of Parkinson’s disease psychosis; is in Phase II study for Alzheimer’s disease psychosis; and has accomplished Phase II trial for the treatment of schizophrenia.
Shares of Primero Mining Corp (NYSE:PPP), declined -3.31% to $2.92, during its Afternoon trading session.
Primero Mining Corp. (PPP) advises that as a result of a delay in exports from its San Dimas mine in Mexico, its partner Primero Empresa Minera S.A. de C.V. (“PEM”) has been delayed in selling silver. As a result about 880,000 ounces of silver were not sold during the second quarter of 2015, representing about $6.5 million in delayed revenue.
PEM’s import and export licences were suspended in May 2015 by the Mexican customs authorities due to a discrepancy over the Company’s address related to its corporate office relocation from Mexico City to Durango, Mexico. PEM has since clarified the discrepancy and has been meeting with customs officials, but has regrettably not been reinstated to the customs registry. PEM is able to source necessary supplies locally so that the San Dimas mine and mill continue to operate uninterrupted.
Primero Mining Corp., a precious metals producer, engages in the acquisition, exploration, development, and operation of mineral resource properties in Canada and Mexico. The company primarily explores for gold and silver. It owns interest in the San Dimas Mine, which is located in San Dimas district, Mexico; and the Black Fox Complex that is located in the Timmins Mining District in Ontario, Canada.
Hudson City Bancorp, Inc. (NASDAQ:HCBK), during its Tuesday’s Afternoon trading session gained 0.10% to $10.34.
Hudson City Bancorp, Inc. (HCBK), the holding company for Hudson City Savings Bank (the “Bank”), declared recently that it has released the 2015 capital stress test results for the Bank as required by the Dodd-Frank Wall Street Reform and Consumer Protection Act (“DFA”). The results can be obtained on the Company’s web site http://www.hcsbonline.com. The results, per regulatory guidance, are for the Bank only.
The DFA requires national banks and federal savings associations with total merged assets of more than $10 billion, such as the Bank, to conduct annual stress tests. Accordingly, the Bank conducted a DFA company-run stress test (“DFAST”) under three hypothetical supervisory scenarios (baseline, adverse and severely adverse) and guidance offered by the Office of the Comptroller of the Currency (“OCC”) and the Board of Governors of the Federal Reserve System (“Federal Reserve”). The DFA and regulatory guidance require the Bank to publicly disclose the results of the DFAST under the supervisory severely adverse scenario.
Hudson City Bancorp, Inc. operates as the holding company of Hudson City Savings Bank that provides various banking products and services in the United States. Its deposit products comprise passbook and statement savings accounts, interest-bearing transaction accounts, checking accounts, money market accounts, and time deposits, in addition to IRA accounts and qualified retirement plans.
Finally, CIT Group Inc. (NYSE:CIT), decreased -0.13%, to $46.19.
CIT Group Inc. (CIT) stated net income of $115 million, $0.66 per diluted share, for the quarter ended June 30, 2015, contrast to net income of $247 million, $1.29 per diluted share, for the second quarter of 2014. Net income for the six month period ended June 30, 2015 was $219 million, $1.24 per diluted share, contrast to $364 million, $1.88 per diluted share, for the period ended June 30, 2014. The three and six month periods ended June 30, 2014 comprised of $52 million, $0.27 per diluted share, and $54 million, $0.28 per diluted share, of income from a suspended operation, respectively.
Summary of Second Quarter Financial Results from Ongoing Operations
Income from ongoing operations of $115 million, net of a $38 million tax provision, reflects a stable Net Finance Margin (NFM) and lower provision for credit losses. Net income comprises $4 million of charges related to portfolios that we are exiting.
Total assets from ongoing operations1 at June 30, 2015 were $46.7 billion, contrast to $46.4 billion at March 31, 2015, and $44.2 billion at June 30, 2014. Financing and leasing assets in North American Commercial Finance (NACF) and Transportation & International Finance (TIF) were $35.6 billion, up slightly from March 31, 2015 and up $1.5 billion (4%) from a year ago reflecting the acquisition of Direct Capital in August 2014, which was partially offset by $0.7 billion of asset sales. Non-Planned Portfolios further declined to about $295 million, reflecting portfolio run-off and asset sales. Total loans of $19.6 billion raised $0.2 billion from March 31, 2015 and by over $1 billion from a year ago. Operating lease equipment of $15.1 billion rose by $0.2 billion from March 31, 2015 and $0.3 billion from a year ago. Cash and securities totaled $7.9 billion, down $0.2 billion from March 31, 2015 and up $0.6 billion from June 30, 2014.
CIT Group Inc. operates as the holding company for CIT bank that provides commercial financing and leasing products; and a suite of savings options in the United States. Its Transportation & International Finance segment offers leasing and financing solutions to operators and suppliers in the aviation and railcar industries.
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