Wednesday, July 29, 2015

Afternoon Trade News Alert on: Navient (NASDAQ:NAVI), Ventas, (NYSE:VTR), Invesco (NYSE:IVZ), Royal Bank of Canada (NYSE:RY)

During Wednesday’s Afternoon trade, Shares of Navient Corp (NASDAQ:NAVI), lost -0.13% to $15.81.

Navient, the nation’s leading loan administration, servicing and asset Recovery Company, has declared that Navient Foundation, the company-sponsored philanthropic organization, awarded a $6,000 grant to Nemours Foundation. The contribution will assist support the Wilmington children’s hospital and to sponsor the 2015 “Assist Our Kids” radiothon.

Since 2010, Nemours/Alfred I. DuPont hospital has hosted its annual “Assist Our Kids” radiothon, where local radio stations broadcast live from the hospital, interviewing patients, physicians, nurses and others, while encouraging listeners to phone in and make donations.

Navient Corporation provides financial products and services in the United States. The company operates in four segments: FFELP Loans, Private Education Loans, Business Services, and Other. It provides federal family education loan program (FFELP) loans and servicing for FFELP loan portfolio; and servicing and asset recovery services for loans on behalf of guarantors of FFELP loans, guaranty agencies, higher education institutions, the United States Department of Education, and other federal clients, in addition to states, courts, and municipalities.


Ventas, Inc. (VTR) declared that it will issue its second quarter 2015 earnings release prior to the opening of trading on the New York Stock Exchange on Friday, July 24, 2015. A conference call to talk about those earnings will be held the same day at 10:00 a.m. Eastern Time (9:00 a.m. Central Time).

Ventas, Inc. is a publicly owned real estate investment trust. The firm engages in investment, administration, financing, and leasing of properties in the healthcare industry. It invests in the real estate markets of the United States and Canada. The firm primarily invests in healthcare-related facilities counting hospitals, skilled nursing facilities, senior housing facilities, medical office buildings, and other healthcare related facilities. Ventas, Inc. was founded in 1983 and is based in Chicago, Illinois with additional offices in Irvine, California; Louisville, Kentucky; Charlotte, North Carolina; and Dallas, Texas.

Invesco Ltd. (NYSE:IVZ), during its Wednesday’s Afternoon trading session gained 0.67% to $37.52.

Canada has received securityholder approval to merge Trimark North American Endeavour Class into Trimark U.S. Companies Class. The merger is predictable to be effective after the close of business on or about August 7, 2015.

Invesco Ltd. is a publicly owned investment manager. The firm provides its services to retail clients, institutional clients, high-net worth clients, public entities, corporations, unions, non-profit organizations, endowments, foundations, pension funds, financial institutions, and sovereign wealth funds. It manages separate client focused equity, balanced, and fixed income portfolios.

Finally, Royal Bank of Canada (NYSE:RY), gained 1.97%, to $58.08.

Royal Bank of Canada (RY) notes that affordability for single-detached homes and condos in Manitoba evolved in opposite directions during the first quarter.

RBC says that current housing affordability conditions in the province likely do not pose unusual challenges for home buyers as affordability measures remain remarkably close to long-term averages.

The RBC Housing Affordability measures, which capture the province’s proportion of pre-tax household income needed to service the costs of owning a home at market values, were mixed in the first quarter of 2015 (a decrease in the measure represents an improvement in affordability). RBC’s measures for both bungalows and two-storey homes rose by 0.3 percentage points to 35.6 per cent and 36.9 per cent, respectively. The measure for condos fell noticeably by 1.1 percentage points to 22.2 per cent.

During Q1 2015, affordability measures at the national level edged lower by 0.3 percentage points to 27.1 per cent for condominiums and 0.2 percentage points to 47.9 per cent for two-storey homes. The measure for detached bungalows was unchanged at 42.7 per cent.

RBC’s housing affordability measure for the benchmark detached bungalow in Canada’s largest cities in Q1 2015 is as follows: Vancouver 85.6 (up 2.8 percentage points from Q4 2014); Toronto 57.3 (up 0.6 percentage points); Montreal 37.2 (down 0.2 percentage points); Ottawa 35.4 (down 0.6 percentage points); Calgary 32.8 (down 1.0 percentage points); Edmonton 32.8 (down 0.8 percentage points).

Royal Bank of Canada, together with its auxiliaries, operates as a diversified financial service company worldwide. The company operates through five segments: Personal & Commercial Banking, Wealth Administration, Insurance, Investor & Treasury Services, and Capital Markets. The Personal & Commercial Banking segment engages in the personal and business banking operations, auto financing, and retail investment businesses, in addition to cards and payment solutions business.

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This article is published by Mark Anthony