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Financial Stocks in Top Row: Paypal Holdings Inc (NASDAQ:PYPL), Regions Financial Corp (NYSE:RF)

Category: Loan Center Published: Saturday, 09 July 2016 Written by Chance Allen

Shares of Paypal Holdings Inc (NASDAQ:PYPL) ended Wednesday session in red amid volatile trading. The shares closed down -0.16 points or -0.44% at $36.00 with 9.29 million shares getting traded. Post opening the session at $36.28, the shares hit an intraday low of $35.78 and an intraday high of $36.49 and the price vacillated in this range throughout the day. The company has a market cap of $42.80 billion and the numbers of outstanding shares have been calculated to be 1.21 billion shares.

On May 6, 2016 PayPal Canada announced that it will donate its fees for gifts made through PayPal to the Canadian Red Cross, The Salvation Army and the Wood Buffalo Food Bank Association for their Alberta fire appeals from now through to May 31, 2016.

"Our thoughts are with those affected in Fort McMurray and nearby areas," said Cameron Schmidt, general manager, PayPal Canada. "As residents of the Fort McMurray area struggle to deal with this devastation, we can come together to make a difference. We've made it easy and secure for you to donate online so that you can support relief efforts."

By donating to the Canadian Red Cross, The Salvation Army and the Wood Buffalo Food Bank Association, your donation dollars will go further as PayPal's commitment means 100 per cent of your donations will benefit these charities that are working to provide emergency shelters, medical supplies, water and food.

Shares of Regions Financial Corp (NYSE:RF) ended Wednesday session in red amid volatile trading. The shares closed down -0.05 points or -0.55% at $9.12 with 14.68 million shares getting traded. Post opening the session at $9.19, the shares hit an intraday low of $9.11 and an intraday high of $9.31 and the price vacillated in this range throughout the day. The company has a market cap of $11.55 billion and the numbers of outstanding shares have been calculated to be 1.27 billion shares.

On 22 June, 2016 Regions Bank announced that it has appointed Bill Horton, Regional President of the South Region, to lead an expanded Commercial Banking Group reporting to John Turner, head of the Corporate Banking Group.

The realigned Commercial Banking Group combines Regions' existing Business Banking and Commercial Banking businesses and will serve small and middle-market companies through relationship managers located across the company's footprint. Regions' Treasury Management and Business Loan Center underwriting groups will also report to Horton.

"Streamlining our commercial banking businesses under Bill's leadership will create a consistent, simplified approach across our markets that enhances our bankers' ability to deepen relationships with clients, understand their needs and provide the best solutions," said Turner. "Bill has more than 40 years of experience serving commercial clients and working with bankers across our markets, and I'm pleased to have him leading our efforts to meet the needs of business clients."

Keith Herron, head of Strategic Planning and Execution, will succeed Horton as Regional President of the South Region, which includes Alabama, Mississippi, South Louisiana and the Florida Panhandle. Herron will report to John Owen, head of the Regional Banking Group.

"Throughout Keith's 28-year career with Regions, he has built a solid career as a banker, a leader and a champion for building deeper and stronger customer relationships," said Owen. "We are fortunate to have a seasoned executive with a wide range of skills and experience leading this important region for our company."



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