During Friday’s Current trade, Shares of Dynegy Inc. (NYSE:DYN), gain 1.28% to $26.21.
Dynegy Inc. (DYN) declared that its Board of Directors declared a dividend of $1.34375 per share on the outstanding 5.375% Series A Mandatory Convertible Preferred Stock that will be paid on August 3, 2015 to stockholders of record of the Mandatory Convertible Preferred Stock on July 15, 2015. The dividend is for the dividend period starting on May 1, 2015 and ending on July 31, 2015.
Dynegy Inc., through its auxiliaries, produces and sells electric energy, capacity, and ancillary services in the United States. It operates in three segments, Coal, IPH, and Gas. The company sells its services on a wholesale basis from its power generation facilities. It has a fleet of 15 power plants in 5 states totaling about 13,000 megawatts of generating capacity.
Shares of ITC Holdings Corp. (NYSE:ITC), declined -0.06% to $34.22, during its current trading session.
ITC Lake Erie Connector LLC, a wholly-owned partner of ITC Holdings Corp., (ITC) the largest independent electricity transmission company in the United States, recently commenced an open solicitation for interest in transmission capacity on the ITC Lake Erie Connector line. Startning recently and through August 21, ITC intends to solicit expressions of interest from qualified parties for firm transmission rights at negotiated rates.
The ITC Lake Erie Connector is a projected 1000 MW, bi-directional, High-Voltage Direct Current (HVDC) merchant transmission line that will provide the first direct link between the markets of the Ontario Independent Electricity System Operator (IESO) and PJM Interconnection, LLC (PJM). The ITC Lake Erie Connector will enable transmission customers to more efficiently access energy, capacity and renewable energy credit opportunities in both markets.
ITC Holdings Corp., together with its auxiliaries, engages in the transmission of electricity in the United States. The company functions as conduit, allowing for power from generators to be transmitted to local distribution systems through its own systems or in conjunction with neighboring transmission systems. It owns and operates high-voltage transmission facilities in Michigan’s Lower Peninsula and portions of Iowa, Minnesota, Illinois, Missouri, Kansas, and Oklahoma. The company serves investor-owned utilities, municipalities, cooperatives, power marketers, and alternative energy suppliers.
Firstmerit Corp (NASDAQ:FMER), during its Friday’s current trading session decreased -0.43% to $18.58.
FirstMerit Corporation ( FMER ) stated second quarter 2015 net income of $56.6 million, or $0.33 per diluted share. This compares with $57.1 million, or $0.33 per diluted share, for the first quarter 2015 and $59.5 million, or $0.35 per diluted share, for the second quarter 2014.
Net Interest Income
Net interest income on a fully tax-equivalent (“TE”) 1 basis was $189.0 million in the second quarter 2015 contrast with $189.6 million in the first quarter 2015 and $199.7 million in the second quarter 2014.
Net interest margin on TE basis 1 was 3.39% for the second quarter 2015 contrast with 3.48% for the first quarter 2015 and 3.75% for the second quarter 2014. Net interest margin compression in the second quarter, contrast with the preceding quarter, resulted from anticipated lower accretion from the attained and FDIC attained loan portfolios due to the continued decline in the loan balances and lower yields on the investment portfolio.
Average originated loans were $13.1 billion during the second quarter 2015, an enhance of $403.2 million, or 3.18%, contrast with the first quarter 2015, and an enhance of $2.0 billion, or 18.04%, contrast with the second quarter 2014. Average originated commercial loans raised $118.8 million, or 1.49%, contrast with the preceding quarter, and raised $913.6 million, or 12.72%, contrast with the year-ago quarter.
FirstMerit Corporation operates as the bank holding company for FirstMerit Bank N.A. that provides various banking, fiduciary, financial, insurance, and investment services to corporate, institutional, and individual customers. The company’s Commercial segment offers commercial term loans, revolving credit arrangements, asset-based lending, leasing, commercial mortgages, real estate construction lending, and letters of credit, in addition to treasury administration, government banking, international banking, merchant card, and other depository products and services.
Finally, Adobe Systems Incorporated (NASDAQ:ADBE), gained 0.98%, to $82.09.
Tata Consultancy Services, a leading IT services, consulting and business solutions organization, has been selected by Adobe (ADBE), a global leader in digital marketing and digital media solutions, as a Premier Partner, the highest level of partnership among Adobe’s global ecosystem. This new partnership enables TCS clients to fully leverage Adobe’s Marketing Platform and its core solutions, allowing them to design and execute customized strategies and integrated marketing campaigns to suit specific target audiences and customer profiles.
TCS’ strengths in digital marketing solutions and services, advanced technology knowledge, trusted domain expertise, and vast implementation and integration experience, combined with Adobe’s leadership in its Digital Marketing Platform and core solutions, provides customers with an industry-leading, best-in-class, complete end-to-end integrated marketing solution.
As enterprises increasingly preceding digital technologies into their core marketing strategies, they can be assured that TCS and Adobe’s Digital Marketing Solutions and Services will harness centralized and shared data to comprising deliver contextually relevant, real-time personalized experiences to consumers. In turn, these will drive loyalty, improve customer experience and enhance customer satisfaction. Ultimately, this allows enterprise clients to manage complex digital marketing requirements, drive customer acquisition, strengthen retention programs, enhance marketing ROI, build stronger customer relationships, and enhance brand value and market share.
Adobe Systems Incorporated is a diversified software company worldwide. It operates in three segments: Digital Media, Digital Marketing, and Print and Publishing. The Digital Media segment provides tools and solutions that enable individuals, small and medium businesses, and enterprises to create, publish, promote, and monetize their digital content. This segment’s flagship product is Creative Cloud, a subscription service that allows customers to download and install the latest versions of its creative products.
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