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Fin Stocks Growth! Morgan Stanley (MS), Citigroup Inc (C)

Shares of Morgan Stanley (NYSE:MS) ended Monday session in red amid volatile trading. The shares closed down -0.11 points or -0.34% at $31.95 with 10.32 million shares getting traded. Post opening the session at $32.02, the shares hit an intraday low of $31.47 and an intraday high of $32.15 and the price vacillated in this range throughout the day. The company has a market cap of $63.09 billion and the numbers of outstanding shares have been calculated to be 1.91 billion shares.

Morgan Stanley (MS) will announce its third quarter 2016 financial results on Wednesday, October 19, 2016 at approximately 7 a.m. (ET). A conference call to discuss the results will be held on Wednesday, October 19, 2016 at 8:30 a.m. (ET).

The call will be available at www.morganstanley.com or by dialing 1-877-895-9527 (domestic) and 1-706-679-2291 (international); the passcode is 81316924. To listen to the playback, please visit our website or dial: 1-855-859-2056 (domestic) or 1-404-537-3406 (international); the passcode is 81322740.

Shares of Citigroup Inc (NYSE:C) ended Monday session in red amid volatile trading. The shares closed down -0.20 points or -0.42% at $47.03 with 13.82 million shares getting traded. Post opening the session at $47.02, the shares hit an intraday low of $46.78 and an intraday high of $47.26 and the price vacillated in this range throughout the day. The company has a market cap of $140.91 billion and the numbers of outstanding shares have been calculated to be 2.91 billion shares.

Citi, acting through Citibank N.A., has been appointed by Solvay SA (“Solvay”), a leading international chemical and advanced materials company, as depositary bank for its Level 1 American Depositary Receipt (ADR) programme, which trades on the US over-the-counter (OTC) marketplace under the symbol “SOLVY”. Each ADR represents 1/10 of an ordinary share. Solvay’s ordinary shares are listed and trade on Euronext Brussels and Paris under the symbol “SOLB”.

Maria Alcon-Hidalgo, Head of Corporate Treasury & Insurance, commented, “Solvay’s recent acquisition of US-based Cytec has established the Group as the world’s second largest player in aerospace composite materials, boosting our customized solution offerings in lightweighting and supporting our ambition to lead in sustainable chemistry. Furthermore, Cytec has strengthened Solvay’s presence in the US and we look forward to leverage Citi’s large network to enhance our visibility and access to investors in the region.”

“Citi is delighted to be appointed by Solvay as depositary bank for its Level 1 ADR programme,” said Dirk Jones, Global Head of Issuer Services, at Citi. “We look forward to working closely with Solvay, leveraging our global equity distribution network and providing best-in-class service to assist them in fulfilling their goals.”

 

 

 

About Mary Jones

Mary Jones has been a columnist on financial. Because of having financial background, Mary Jones has been well known in his community regarding writing blogs on financial for many financial news sites and now it is our honor that Mary Jones started writing financial news for us recently.

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