On Monday, Shares of Regions Financial Corp (NYSE:RF), SUBTRACT -0.40% and closed at $10.01 in the last trading session. RF stock opened its last trade at $10.11 and after floating in a range of $9.97 to $10.13. The company’s Market capitalization is $12.69 Billion with the total Outstanding Shares of 1.26 Billion. During the 52-week trading session the minimum price at which share price traded, registered at $7.00 and reached to max level of $10.47. Regions Bank recently declared it has attained the Low Income Housing Tax Credit (LIHTC) corporate fund syndication and asset administration businesses of First Sterling Financial, Inc. The acquisition complements Regions’ Community Investment Capital, Real Estate and Capital Markets capabilities to serve more clients and communities.
First Sterling is one of the leading national syndicators of investment funds benefiting from Low Income Housing Tax Credits. Since its founding by Martin and Ann Soja more than 30 years ago, First Sterling has raised more than $1.9 billion in shareholder equity through both proprietary and multi-shareholder funds. This shareholder equity has been used to support more than $3.5 billion of development in 700 properties containing over 30,000 rental units in 45 states, Puerto Rico and Washington, DC.
“Regions has a long history of supporting affordable housing developments that benefit communities through direct investment in Low Income Housing Tax Credits,” said John Turner, head of Regions’ Corporate Banking Group. “The addition of First Sterling’s industry-leading syndication and asset administration capabilities will allow us to grow non-interest revenue and offer clients additional solutions to meet the affordable housing needs of more communities.”
Pandora Media Inc (NYSE:P), DROPPED -3.51% and closed at $12.38 in the last trading session. P stock opened its last trade at $12.34 and after floating in a range of $12.25 to $12.65. The company’s Market capitalization is $2.76 Billion with the total Outstanding Shares of 224.97 Million. During the 52-week trading session the minimum price at which share price traded, registered at $7.10 and reached to max level of $20.55. Pandora (NYSE:P), the go-to music source for fans and artists, recently revealed the next generation of its Artist Marketing Platform (AMP), a powerful evolution of Pandora’s unique suite of marketing tools that includes Artist Audio Messages, Featured Tracks and AMPcast. The redesigned platform makes it even easier and faster for artists – emerging to megastar – to grow an audience, track progress and connect with fans on Pandora.
Learn more about Pandora’s Artist Marketing Platform: https://youtu.be/LzE-Pdr5qpc
In addition to providing valuable data about how an artist’s music is performing on Pandora, AMP now features a dynamic feed of an artist’s campaign activity in addition to performance metrics and suggestions for new campaigns. AMPcast, in limited release since it launched earlier this year, is now open to all artists. Its new features give artists the ability to geotarget Artist Audio Messages, share these messages via social networks or save draft messages to edit at a later time – all from the Pandora mobile app.
“Our mission has always been to offer every artist the opportunity to find their audience on Pandora – a fan base of more than 78 million of the most engaged listeners in streaming music recently,” said Sara Clemens, chief operating officer and head of Pandora’s Music Maker Group. “AMP eliminates guesswork, assists break new artists, surfaces new music from established artists and creates new revenue streams.”