Notable News Recap: Kate Spade & Co (NYSE:KATE), Umpqua Holdings Corp (NASDAQ:UMPQ)

On Wednesday, Shares of Kate Spade & Co (NYSE:KATE), added 2.10% and closed at $16.03 in the last trading session. The last trading range of the stock ranges between $15.03 and $16.12. Kate Spade & Company (KATE) Recently declared results for the third quarter ended October 1, 2016.

Craig A. Leavitt, Chief Executive Officer of Kate Spade & Company, said: “In the third quarter, several macroeconomic factors, including a challenging retail environment and continuing tourist headwinds, impacted our results. That said, we are making solid progress on several strategies that are continuing to drive growth in our business, which is reflected in the consumer’s strong response to our collections at full-price. We remain focused on the factors we can control as we continue to grow our business and execute our long-term strategy, maintaining our commitment to become a $4 billion business at retail.”

Umpqua Holdings Corp (NASDAQ:UMPQ), jumped 6.62% and closed at $16.11 in the last trading session. The last trading range of the stock ranges between $15.28 and $16.20. The company’s Market capitalization is $3.51 Billion with the total Outstanding Shares of 220.21 million. Umpqua Holdings Corporation, through its auxiliaries, engages in the commercial and retail banking, and retail brokerage businesses. It operates through Community Banking and Home Lending segments. The Community Banking segment provides loan and deposit products to business and retail customers. The Home Lending segment originates, sells, and services residential mortgage loans. It also offers various deposit products, such as non-interest bearing checking accounts, interest bearing checking and savings accounts, money market accounts, and certificates of deposit; financial planning, trust, and investments services to high net worth individuals; and retail brokerage and investment advisory services. The company’s loan products include loans for business and commercial customers, counting accounts receivable and inventory financing, multi-family loans, equipment loans, commercial equipment leases, international trade, real estate construction loans, permanent financing, small business administration program financing, and capital markets and treasury administration services; loan products for small businesses; commercial and industrial loans; residential real estate loans for the construction, purchase, and refinancing of residential owner-occupied and rental properties; and consumer loans, such as secured and unsecured personal loans, home equity and personal lines of credit, and motor vehicle loans. In addition, it provides technology-based services, counting remote deposit capture, online banking, bill pay and treasury, mobile banking, voice response banking, automatic payroll deposit programs, ATMs, product kiosks, and Website. As of December 31, 2015, the company operated commercial banking centers in 382 locations.

Leave a Reply

Your email address will not be published. Required fields are marked *