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Financial Stocks Momentum= Credit Suisse Group AG (CS), Ocwen Financial Corp (OCN)

Shares of Credit Suisse Group AG (ADR) (NYSE:CS) ended Tuesday session in green amid volatile trading. The shares closed up +0.31 points or 2.37% at $13.39 with 4.20 million shares getting traded. Post opening the session at $13.26, the shares hit an intraday low of $13.24 and an intraday high of $13.49 and the price vacillated in this range throughout the day. The company has a market cap of $28.08 billion and the numbers of outstanding shares have been calculated to be 2.08 billion shares.

The Credit Suisse Research Institute released its bi-annual CS Gender 3000 report reaffirming its prior findings that companies with a higher participation of women in decision-making roles continue to generate higher market returns and superior profits. In addition, the report debunks the “Queen Bee” syndrome, challenges the notion of the “Class Cliff” and gains new insights into gender diversity in Venture Capital and Microfinance.

The report, first launched in 2014, analyzes the Credit Suisse Gender 3000 (CSG 3000), which encompasses 27,000 senior managers at over 3,000 companies Credit Suisse analysts cover globally. With the data provided by the CSG 3000, the report examines whether the evidence continues to link gender diversity to better performance and looks specifically at firms with more than 50% female representation in senior management, Microfinance institutions and Venture Capital firms.

Shares of Ocwen Financial Corp (NYSE:OCN) ended Tuesday session in green amid volatile trading. The shares closed up +0.19 points or 4.95% at $4.03 with 4.83 million shares getting traded. Post opening the session at $3.87, the shares hit an intraday low of $3.83 and an intraday high of $4.09 and the price vacillated in this range throughout the day. The company has a market cap of $522.81 million and the numbers of outstanding shares have been calculated to be 123.99 million shares.

Ocwen Financial Corporation (OCN), a leading financial services holding company, and NID Housing Counseling Agency (NID), a U.S. Department of Housing and Urban Development (HUD)-approved counseling organization headquartered in Oakland, CA, will host a borrower outreach event on Saturday, October 8, 2016 in Sacramento, California. The Sacramento Chapter of NAACP is teaming up with Ocwen and NID for this event to ensure a strong turnout of Ocwen customers.

The event will be held from 8:00 a.m. 2:00 p.m. at 2863 35th Street in Sacramento, across from Guild Theater. Admission and parking are free for all attendees. RSVPs are not required.

Ocwen customers, who are struggling to meet their mortgage obligations, will have the opportunity to meet one-on-one with Ocwen Home Retention Agents and NID housing counselors to discuss loan modification options that could help lower their mortgage payments.

“Ocwen understands that many Californians continue to struggle financially, have questions about their mortgages, and want to explore options to better afford their homes,” said Jill Showell, Senior Vice President of Government and Community Relations at Ocwen. “Our experience has shown that face-to-face meetings often provide the best forum for borrowers to fully understand what options are available. We are proud to be working with NID and the NAACP to bring responsible solutions to as many struggling borrowers as possible.”

 

 

 

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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