Shares of HomeStreet Inc (NASDAQ:HMST) ended Friday session in green amid volatile trading. The shares closed up +0.17 points or 0.65% at $26.22 with 78,536 shares getting traded. Post opening the session at $26.10, the shares hit an intraday low of $25.87 and an intraday high of $26.22 and the price vacillated in this range throughout the day. The company has a market cap of $655.19 million and the numbers of outstanding shares have been calculated to be 24.83 million shares.
HomeStreet Inc (HMST) on August 13, 2016 announced that its wholly owned subsidiary, HomeStreet Bank, has completed its previously announced purchase of certain assets and liabilities, including two branches in Lake Oswego, Oregon, from Bank of Oswego.
The branches HomeStreet Bank has acquired are located in Lake Oswego, Oregon. As of July 31, 2016, loans and other assets totaled $41.5 million and deposits totaled $46.9 million in aggregate for both branches. The two Lake Oswego branches are now operating as HomeStreet Bank branches and increase the number of HomeStreet Bank’s retail branches to five in the Portland, Oregon, metro area, which includes Vancouver, Washington.
“We are happy to welcome the customers and employees of the Lake Oswego branches to HomeStreet,” said HomeStreet Bank Chairman, President and CEO Mark K. Mason. “We look forward to the growth opportunities from the acquisition as a result of the Portland-Vancouver area’s strong employment and population growth.”
Shares of Goldman Sachs Group Inc (NYSE:GS) ended Friday session in green amid volatile trading. The shares closed up +0.67 points or 0.40% at $169.18 with 1,747,492 shares getting traded. Post opening the session at $168.52, the shares hit an intraday low of $167.90 and an intraday high of $169.74 and the price vacillated in this range throughout the day. The company has a market cap of $68.87 billion and the numbers of outstanding shares have been calculated to be 405.46 million shares.
Goldman Sachs Group Inc (GS) operates as an investment banking, securities, and investment management company worldwide. It operates through four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. The Investment Banking segment provides financial advisory services, such as strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, spin-offs, and risk management; and underwriting services, including public offerings and private placements of various securities and other financial instruments, as well as derivative transactions entered into with public and private sector clients.