Active Movers: U.S. Bancorp (NYSE:USB), Santander Consumer USA Holdings Inc (NYSE:SC)
Trading the news is a technique to trade equities, currencies and other financial instruments on the financial markets. Trading news releases can be a noteworthy tool for financial shareholders. Economic news reports often drive strong short-term moves in the markets, which may create trading opportunities for traders. Declarations about corporate profits, a change in administration, rumors of a merger, are events that can cause a company’s share price to move wildly up or down. Interest rates, unemployment and export rates, or the central bank’s policy shifts, can cause a deep change of an exchange rate.
U.S. Bank is rolling out the U.S. Bank Loan Portal℠, an innovative new mortgage loan process that makes it easier for customers to gather the information they need to apply for a mortgage, while staying connected with a trusted loan officer throughout the process.
U.S. Bank mortgage loan officers began using the U.S. Bank Loan Portal with customers in June. With the new portal, customers can:
- Choose to complete a digital loan application and either connect with a loan officer or complete the process on their own.
- Reduce the time and effort involved in gathering mortgage documentation by providing authorization for the bank to automatically retrieve electronic forms, such as asset and income information.
- Upload images of important documents, such as pay stubs, using a mobile device.
- Find information about loan status and communicate with their support team along the way, maintaining momentum through the process.
- Exercise an option to receive and sign disclosures in just a few clicks.
- In the near future, generate a pre-qualification letter electronically.
Shares of U.S. Bancorp (NYSE:USB) showed no change to $52.43 on Thursday. The stock price floated in a range of $51.92 to $52.49. The stock moved on high volume, traded at a volume of 6.96M shares, as compared to its average daily volume of 6.17M shares. The market capitalization for the company is reported at $88.36B.
“Innovation has always been part of our culture at U.S. Bank,” said Tom Wind, president of U.S. Bank Home Mortgage. “The U.S. Bank Loan Portal combines the best of personal service offered by our mortgage loan officers with the most recent technology to provide a seamless experience for our mortgage customers. It’s good news for buyers and realtors alike, especially when housing inventories are tight and buyers need to move quickly to secure the home they want. The new portal makes that process faster and easier.”
Santander Consumer USA Holdings Inc (NYSE:SC) inclined +0.02 points or 0.15% at the market. The stock opened at $13.46. It reached an intraday trading high of $13.57 and closed at $13.46. The total volume traded for the day is 3.65M, as compared to its average daily volume of 2.37M shares. Trading volume, or volume, is the number of shares or contracts that point towards the overall activity of a security or market for a given period. Trading volume is a key technical indicator an investor uses to identify momentum in a stock and confirm a trend or trend reversal. Volume gives an investor an idea of the price action of a security and whether he should buy or sell the security.
Trading volume can also signal when an investor should take profits and sell a security because of low activity. If there is no relationship between the trading volume and the price of a security, this signals weakness in the current trend and a possible reversal.
The current EPS for the company has been recorded at $1.95 and the beta value recorded by the company stands at 1.29 points.