Volume In Focus: Nomura Holdings Inc, Citigroup Inc, General Electric Company, Blackstone Mortgage Trust Inc
Nomura Holdings, Inc. (ADR) (NYSE:NMR) shares dropped 10.68% to $8.36. The company, on April 25, announced a significant rise in fourth-quarter net income attributable to NMR shareholders to 82.4 billion yen, or 21.55 yen per share, from 22.1 billion yen, or 5.92 yen per share, last year. Net revenue for the three-month period totaled 653.6 billion yen, an increase from the prior year’s 499.0 billion yen, with quarterly total revenue growing year-over-year to 720.1 billion yen, from 565.4 billion yen.
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Citigroup Inc. (NYSE:C) stock decreased 2.04% to $49.95. Michael Corbat, Chief Executive Officer of Citigroup, will present at the Sanford C. Bernstein 29th Annual Strategic Decisions Conference on Wednesday, May 29, 2013. The presentation is expected to begin at approximately 2:00 PM (Eastern).
Additionally, Citi, through its Treasury and Trade Solutions division, announces a significant investment in its Commercial Card-issuing business through the launch of its Global Issuing platform in the Latin America region. Puerto Rico will be the first to adopt this new technology, positioning Citi as the first local Commercial Card Issuer to deliver a chip-card solution into that market.
General Electric Company(NYSE:GE) shares decreased 1.34% to $23.54. The company on May 23 is considering spinning off parts of its finance unit through an initial public offering as Chief Executive Officer Jeffrey Immelt works to shrink the business. The move will help shrink GE Capital’s ending net investment, a measure of its balance sheet, which will fall by more than 25 percent to as little as $300 billion by the end of 2014, Immelt said, without specifying which units could be divested. Businesses already jettisoned include U.S. residential mortgages, a leasing business in South Korea and consumer banks in Argentina and Brazil.
Additionally, the company on May 20 said its financial unit GE Capital Corp would pay $6.5 billion in dividends to the parent in 2013 as part of a plan to reduce the unit’s size.
Blackstone Mortgage Trust Inc (NYSE:BXMT) shares gained 0.30% to $26.53 in the morning hour. The company on May 22 announced the pricing of an underwritten public offering of 22,500,000 shares of its class A common stock pursuant to a registration statement filed with the Securities and Exchange Commission at a public offering price of $25.50 per share. The offering was upsized from 16,000,000 shares to 22,500,000 shares. The offering is expected to close on May 29, 2013 and is subject to customary closing conditions. The offering will generate gross proceeds of approximately $573.8 million, or $659.8 million if the underwriters exercise their option to purchase additional shares in full.