On Tuesday, Philip Morris International Inc. (NYSE:PM)’s shares declined -0.90% to $81.39.
Philip Morris International Inc. (PM) declared a regular quarterly dividend of $1.00 per common share, payable on July 10, 2015, to shareholders of record as of June 25, 2015. The ex-dividend date is June 23, 2015. For more details on stock, dividends and other information, see www.pmi.com/investors.
Philip Morris International Inc., through its auxiliaries, manufactures and sells cigarettes, other tobacco products, and other nicotine-containing products. Its portfolio of brands comprise Marlboro, Merit, Parliament, Virginia Slims, L&M, Chesterfield, Bond Street, Lark, Muratti, Next, Philip Morris, and Red & White. The company also owns various cigarette brands comprising Sampoerna, Dji Sam Soe, and U Mild in Indonesia; Fortune, Champion, and Hope in the Philippines; Diana in Italy; Optima and Apollo-Soyuz in Russia; Morven Gold in Pakistan; Boston in Colombia; Belmont, Canadian Classics, and Number 7 in Canada; Best and Classic in Serbia; f6 in Germany; Delicados in Mexico; Assos in Greece; and Petra in the Czech Republic and Slovakia.
Nike Inc (NYSE:NKE)’s shares gained 0.37% to $107.18.
Nike Inc (NKE) plans to release its fourth quarter fiscal 2015 financial results on Thursday, June 25, 2015, at about 1:15 p.m. PT, following the close of regular stock market trading hours. Following the news release, NIKE administration will host a conference call starting at 2:00 p.m. PT to review results.
NIKE, Inc., together with its auxiliaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories for men, women, and kids worldwide. The company offers products in eight categories, counting running, basketball, football, men’s training, women’s training, sportswear, action sports, and golf under the NIKE and Jordan brand names. It also markets products designed for kids, in addition to for other athletic and recreational uses, such as baseball, cricket, lacrosse, outdoor activities, football, tennis, volleyball, walking, and wrestling. In addition, the company sells sports apparel and accessories; and markets apparel with licensed college and professional team and league logos.
At the end of Tuesday’s trade, First Horizon National Corp (NYSE:FHN)‘s shares surged 1.08% to $15.93.
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.
SunTrust Banks, Inc. (NYSE:STI), ended its Tuesday’s trading session with 0.77% gain, and closed at $44.50.
Scott Wilfong, a 43-year banking industry veteran and Baltimore booster who is the chairman and CEO of SunTrust Bank’s Greater Washington and Maryland division, is retiring at the end of the month.
Wilfong, 65, will be succeeded by region president Dan O’Neill at the start of July. Speculation mounted at the starting of this year that Wilfong was preparing to retire after O’Neill, 54, became the Greater Washington and Maryland president for SunTrust ( STI). O’Neill moved from the bank’s headquarters in Atlanta, where he was head of wholesale risk administration.
The changes are noteworthy for both Washington and Baltimore, where SunTrust is the sixth-largest bank by deposit market share. The bank had 3.3 percent of the Baltimore market’s deposits, $2.1 billion, as of the most recent Federal Deposit Insurance Corp. rankings from the end of June 2014.
SunTrust Banks, Inc. operates as the holding company for SunTrust Bank that provides various financial services in the United States. The company operates in three segments: Consumer Banking and Private Wealth Administration, Wholesale Banking, and Mortgage Banking. The Consumer Banking and Private Wealth Administration segment offers deposits, home equity lines and loans, credit lines, indirect auto loans, student loans, bank cards, and other lending products, in addition to various services. This segment also provides wealth administration products and professional services, counting brokerage, professional investment administration, and trust services; and family office solutions.
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