Fin Stocks News Ring: State Street Corp (STT), Bank of New York Mellon Corp (BK)
Shares of State Street Corp (NYSE:STT) ended Wednesday session in green amid volatile trading. The shares closed up +0.29 points or 0.41% at $70.63 with 2,648,196 shares getting traded. Post opening the session at $70.48, the shares hit an intraday low of $69.90 and an intraday high of $71.00 and the price vacillated in this range throughout the day. The company has a market cap of $26.97 billion and the numbers of outstanding shares have been calculated to be 390.02 million shares.
State Street Corp (STT) announced that it has strengthened its senior leadership team by adding Stephen Tisdalle as chief marketing officer. Tisdalle will report to Cyrus Taraporevala, SSGA head of global product & marketing.
Tisdalle joins SSGA from OppenheimerFunds where he served as head of marketing with responsibility for brand advertising, corporate communications and PR, digital strategy, creative services, and integrated channel marketing to promote the firm’s thought leadership and investment strategies across retail and institutional channels. Prior to joining OppenheimerFunds, Tisdalle was managing director at the global advertising and marketing agency Ogilvy & Mather where he co-led Strategic Consulting Services, helping numerous global companies – including leading financial services firms – transform their brands. Tisdalle has also held senior leadership roles at Saffron Brand Consultants and IBM Business Consulting.
Shares of Bank of New York Mellon Corp (NYSE:BK) ended Wednesday session in green amid volatile trading. The shares closed up +0.17 points or 0.43% at $40.12 with 4,022,184 shares getting traded. Post opening the session at $40.04, the shares hit an intraday low of $39.77 and an intraday high of $40.33 and the price vacillated in this range throughout the day. The company has a market cap of $42.07 billion and the numbers of outstanding shares have been calculated to be 1.07 billion shares.
Bank of New York Mellon Corp (BK) appointed by Banco Santander S.A. as the successor depositary bank for its American depositary receipt (ADR) program. Each ADR represents one ordinary share and trades on the New York Stock Exchange under the symbol, ‘SAN.’ Banco Santander’s ordinary shares trade on the Madrid Stock Exchange under the symbol, ‘SAN.’
In 2015, BNY Mellon announced that it had been chosen by Banco Santander Brasil as depositary bank for its ADR program and by Banco Santander Chile as successor depositary for its ADR program.
Based in Spain, Banco Santander is a leading retail and commercial bank with a major presence in Spain, Germany, Poland, Portugal, the United Kingdom, Brazil, Mexico, Chile, Argentina and the United States. It also has significant shares of the Uruguayan and Puerto Rican markets, consumer finance businesses in other European countries, and operations in China through its wholesale and consumer finance business. Founded in 1856, Santander had EUR 1.52 trillion in managed funds, 12,500 branches, and more than 190,000 employees at the close of June 2016.