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Tuesday 23 June 2015
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Pre-Market Stocks Recap: Whiting Petroleum (NYSE:WLL), FirstEnergy (NYSE:FE), Zions Bancorporation (NASDAQ:ZION), Banco Bilbao Vizcaya Argentaria (NYSE:BBVA)

On Thursday, Whiting Petroleum Corp (NYSE:WLL)’s shares declined -0.20% to $34.81.

Whiting Petroleum Corporation (WLL) declared that it will present at the Global Hunter Securities 100 Energy Conference at the JW Marriott Chicago, on Tuesday, June 23, 2015 at 9:00 a.m. (CDT). Pete Hagist, Whiting’s Senior Vice President, Planning, will talk about the Company’s strategy, development plans and outlook.

Whiting Petroleum Corporation, an independent oil and gas company, acquires, explores, develops, and produces crude oil, natural gas liquids, and natural gas in the Rocky Mountains and Permian Basin regions of the United States. It sells oil and gas to end users, marketers, and other purchasers.

FirstEnergy Corp. (NYSE:FE)’s shares gained 1.82% to $34.04.

FirstEnergy Corp. (FE) is offering education grants for creative classroom projects involving science, technology, engineering and mathematics (STEM) planned for the 2015-2016 school year.

STEM Classroom Grants of up to $1,000 will be awarded for teacher professional-development initiatives and creative, individual classroom projects for grades pre-kindergarten through 12. The grants are accessible to educators and youth group leaders located in communities served by FirstEnergy’s 10 electric operating companies, and in communities where the company has facilities or does business.

FirstEnergy Corp., through its auxiliaries, generates, transmits, and distributes electricity in the United States. The company operates through Regulated Distribution, Regulated Transmission, and Competitive Energy Services segments. It owns and operates fossil, coal-fired, nuclear, oil and natural gas, wind and solar power, and hydroelectric generating facilities. The company also provides energy-related products and services to wholesale and retail customers.

At the end of Thursday’s trade, Zions Bancorporation (NASDAQ:ZION)‘s shares surged 0.34% to $32.02.

Zions Bancorporation (ZION) has finally exited its collateralized debt obligation securities (“CDOs”) on a full-fledged basis. Owing to the forthcoming implementation of the Volcker Rule later this year, the company’s bank and insurance trust-preferred CDOs and other asset-backed CDOs have come under the category of restricted investment and thus could not be held till maturity.

Therefore, Zions had to divest these disallowed investments by Jul 21, 2015. Notably, the company accomplished the sale much before the deadline, with the divestiture aiding lower ‘modeled risk to capital’ under severely adverse economic scenarios in the annual stress test.

Zions Bancorporation, a financial holding company, provides a range of banking and related services in Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. The company offers community banking services, such as small and medium-sized business and corporate banking; commercial and residential development, construction, and term lending; retail banking; treasury cash administration and related products and services; and residential mortgage servicing and lending. It also provides trust and wealth administration services; limited capital markets services, counting municipal finance advisory and underwriting; and investment services.

Banco Bilbao Vizcaya Argentaria SA (ADR) (NYSE:BBVA), ended its Thursday’s trading session with 2.41% gain, and closed at $10.20.

Banco Bilbao Vizcaya Argentaria SA (ADR) (BBVA) declared the launch of its new mobile banking app, which aims to improve on BBVA Compass’ award-winning formula for on-the-go banking.

The new app, featuring updated capabilities, an easier navigation and a streamlined look and feel, is designed to enhance BBVA Compass’ overall mobile client experiences while pushing the bank forward in the digital banking space. The bank has already proven a standard-bearer in the area, recently winning the Mobile Banking Leader in Functionality Award for the second successive year from Javelin Strategy & Research.

The revamped app also comprises new features designed to build and strengthen digital relationships with customers. For example, upon log in, customers are greeted by their first (as compared to user) names and receive personalized financial offers based on their individual profiles and behaviors. Additional enhancements comprise the ability to enable the Bill Pay service and add payees via mobile. It is also one of few apps that shares specific details regarding mobile deposit holds, letting customers know the predictable date their deposited funds will be accessible.

Banco Bilbao Vizcaya Argentaria, S.A. engages in the retail banking, wholesale banking, asset administration, and private banking businesses primarily in Spain, Eurasia, Mexico, South America, and the United States. It offers deposit products, counting personal accounts, housing accounts, savings accounts, deposit accounts, etc.; and loan products, such as personal loans, mortgages, etc.; credit cards; investment products comprising mutual funds, warrants, and pension plans; and telephone and on-line banking services, in addition to ATMs for individual customers.

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