Shares of KeyCorp (NYSE:KEY) ended Thursday session in green amid volatile trading. The shares closed up +0.03 points or 0.24% at $12.40 with 17.42 million shares getting traded. Post opening the session at $12.40, the shares hit an intraday low of $12.28 and an intraday high of $12.45 and the price vacillated in this range throughout the day. The company has a market cap of $13.44 billion and the numbers of outstanding shares have been calculated to be 1.08 billion shares.
On Aug. 18, 2016 KeyBank Real Estate Capital, the commercial real estate business unit of KeyCorp (KEY), announced its expanded platform and leadership team following the merger of KeyCorp and First Niagara Financial Group.
The expanded platform includes more than 50 new bankers, portfolio managers and servicing officers from First Niagara across the country in KeyBank Real Estate Capital’s Income Property, Community Development Lending, Healthcare and Servicing Groups. The First Niagara team also brings a book of commercial real estate loan commitments in excess of $6 billion to Key.
New leadership from First Niagara joining Key in the Income Property (IPG) and Community Development Lending (CDL) Groups are as follows:
- Greg Gilroy, IPG Regional Executive, Upstate New York and Western Pennsylvania
- Russ Gentner, IPG Team Leader, Western New York and Western Pennsylvania
- Doug MacLean, IPG Team Leader, Boston/New Haven
- Chris Terlizzi, IPG Team Leader, Eastern Pennsylvania
- Craig Burton, CDL Team Leader, Northeast
“I’m very excited to have such talented and experienced professionals join our team,” said Angela Mago, Group Head, KeyBank Real Estate Capital and Co-president, Key Corporate Bank. “The combined industry expertise and strong community ties that these individuals bring to the team will help us leverage our exceptional platform to grow the business.”
“As KeyBank and First Niagara come together, we’re particularly excited to have expanded leadership in the Northeast Region,” said Norman Nichols, head of Income Property and Community Development Lending. “This team has the experience to drive our relationship-based business model and deliver the full breadth of our capabilities to our clients and prospects.”
Shares of Visa Inc (NYSE:V) ended Thursday session in red amid volatile trading. The shares closed down -0.27 points or -0.32% at $82.97 with 7.96 million shares getting traded. Post opening the session at $83.02, the shares hit an intraday low of $82.59 and an intraday high of $83.63 and the price vacillated in this range throughout the day. The company has a market cap of $197.56 billion and the numbers of outstanding shares have been calculated to be 1.89 billion shares.
On September 6, 2016 Visa (NYSE:V) and PayPal (PYPL) announced that Visa Checkout will soon be available as a payment service for Braintree merchants.
Braintree, a PayPal company that powers payments for companies like Airbnb, Eventbrite, Pinterest and Uber, offers simple solutions that enable merchants to accept a variety of payment options online, in app and in-stores, and soon Visa Checkout will be available as one of Braintree’s payment options. The online payment service allows Visa cardholders to pay on any connected device, in just a few clicks, using their Visa account. Visa Checkout is already part of the shopping experience at many leading online retailers including Starbucks, Walgreens and Best Buy.
“With the Visa card at the center of the payment experience, Visa Checkout brings familiarity and trust to digital shopping offered by Braintree’s customers — some of the most innovative merchants driving ecommerce and m-commerce,” said Sam Shrauger, senior vice president, digital solutions, Visa, Inc. “We’re thrilled to be partnering with PayPal and Braintree to make cards work better on any connected device.”
“At Braintree, we’re singularly focused on giving our merchants the flexibility and freedom to choose from the best commerce experiences available,” said Juan Benitez, GM, Braintree. “Offering simple and easy access to Visa Checkout through Braintree’s platform reinforces our commitment to merchants as we continue adding relevant payment services to our platform, and will be an important way we continue to expand on our partnership with Visa.”