On Friday, Shares of BB&T Corporation (NYSE:BBT), subtract -0.18% and closed at $38.39 in the last trading session. The last trading range of the stock ranges between $38.49 and $39.05. The company’s Market capitalization is $31.62 Billion with the total Outstanding Shares of 814.50 million. During the 52-week trading session the minimum price at which share price traded, registered at $29.95 and reached to max level of $39.47. BB&T Corporation (BBT) recently declared it has reached a contract with the United States Department of Justice (DOJ) that settles certain legacy mortgage matters involving the origination of mortgage loans insured by the U.S. Department of Housing and Urban Development’s Federal Housing Administration (FHA).
BB&T fully cooperated with all agencies involved in this matter. The inquiry was settled for $83 million without any admission of liability to avoid the cost and uncertainty of potential litigation. The investigation, potential claims and estimated potential net exposure to losses were formerly revealed. The settlement will have no negative effect on BB&T’s financial condition or results of operations as a result of previous accruals totaling $85 million. In a related matter, BB&T is pursuing a potential recovery of about $70 million.
Progressive Corp (NYSE:PGR), jumped 1.32% and closed at $31.44 in the last trading session. The last trading range of the stock ranges between $31.01 and $31.65. The company’s Market capitalization is $18.54 Billion with the total Outstanding Shares of 581.92 million. During the 52-week trading session the minimum price at which share price traded, registered at $18.54 and reached to max level of $35.54. MAYFIELD VILLAGE, OHIO – September 29, 2016 — The Progressive Corporation declared recently that it will host a simultaneous webcast of its 2016 Shareholder Relations Meeting on Thursday, October 6, 2016, starting at 1:00 p.m. eastern time. The meeting will last about three hours and will include a question and answer session following the presentations. The meeting will also be available simultaneously, in a listen-only format, by phone. Participants via the phone will not be able to submit questions during the question and answer session.
On the otherhand EnteroMedics Inc (NASDAQ:ETRM), dropped -6.61% and closed at $0.122 in the last trading session. The last trading range of the stock ranges between $0.12 and $0.13. The company’s Market capitalization is $7.91 million with the total Outstanding Shares of 69.70 million. During the 52-week trading session the minimum price at which share price traded, registered at $0.11 and reached to max level of $4.95. EnteroMedics Inc. (ETRM), the developer of medical devices using neuroblocking technology to treat obesity, metabolic diseases and other gastrointestinal disorders, recently declared that vBloc® Neurometabolic Therapy is now available to U.S. veterans at U.S. Department of Veterans Affairs (VA) medical facilities. This is made possible through the formerly-declared EnteroMedics partnership with Academy Medical, LLC, a certified Service-Disabled Veteran-Owned Small Business specializing in the distribution of medical products to VA and Department of Defense (DoD) facilities. As of October 1, 2016, vBloc was added to Academy Medical’s five year sole source agreement with the U.S. Department of Veterans Affairs that allows any VA surgeon in the U.S. to purchase the vBloc System from Academy Medical under a national contract.
“VA surgeons across the U.S. now have access to a safe and effective treatment option for obesity,” said Sachin Kukreja, M.D., Director, Bariatric Surgery, VA North Texas Health Care System. “Our center has extensive experience and success with vBloc Therapy and we look forward to expanding the reach of this exciting new treatment to eligible obese patients who do not wish to undergo anatomy-altering, restrictive surgeries.”