Shares of Franklin Resources, Inc. (NYSE:BEN) ended Tuesday session in red amid volatile trading. The shares closed down -1.60 points or -4.40% at $34.78 with 4.08 million shares getting traded. Post opening the session at $36.00, the shares hit an intraday low of $34.75 and an intraday high of $36.01 and the price vacillated in this range throughout the day. The company has a market cap of $20.29 billion and the numbers of outstanding shares have been calculated to be 576.12 million shares.
Franklin Resources, Inc. (BEN) provides its services to individuals, institutions, pension plans, trusts, and partnerships. It launches equity, fixed income, balanced, and multi-asset mutual funds through its subsidiaries. The firm invests in the public equity, fixed income, and alternative markets. Franklin Resources, Inc. was founded in 1947 and is based in San Mateo, California with an additional office in Hyderabad, India.
Shares of Zions Bancorp (NASDAQ:ZION) ended Tuesday session in red amid volatile trading. The shares closed down -0.51 points or -1.60% at $31.30 with 2.49 million shares getting traded. Post opening the session at $31.65, the shares hit an intraday low of $30.98 and an intraday high of $31.81 and the price vacillated in this range throughout the day. The company has a market cap of $6.44 billion and the numbers of outstanding shares have been calculated to be 205.11 million shares.
Zions Bancorp (ZION) announced that Gary L. Crittenden has been elected to its board of directors.
Mr. Crittenden is a Managing Director and Chairman of HGGC, a leading private equity firm headquartered in Palo Alto, California, that focuses on middle market companies. Mr. Crittenden was the Chief Financial Officer of Citigroup from 2007 to 2009, where he was responsible for the financial leadership of the company during the global economic crisis. Mr. Crittenden was also CFO of American Express Company from 2000 to 2007, and previously was CFO of Monsanto, Sears Roebuck and Company, Melville Corporation and Filene’s Basement. The readers of Institutional Investor Magazine named him one of the “Best CFOs in America” on three separate occasions. Mr. Crittenden began his career at Bain & Company, where he eventually headed the firm’s retail consulting practice.
“We’re very pleased that Gary Crittenden is joining our board of directors,” said Harris H. Simmons, Zions Bancorporation’s Chairman and CEO. “His deep financial experience will provide an invaluable perspective to us as we continue to build a banking organization of enduring strength.”