Most Active Stocks Update: Newmont Mining Corp (NEM), KeyCorp (KEY)


Newmont Mining Corp (NYSE:NEM)

Stock’s Trading Stats:

Newmont Mining Corp (NYSE:NEM) is trading up with a percentage change of 5.12% and is at $34.68 right now. The Company’s market capitalization stands at $18.85 Billion in the current trading Session whereas, its outstanding shares are 530.53 Million.

Recent Press Release:

Newmont Mining Corp (NEM) on April 22, 2016 released results of the Company’s Annual Meeting of Stockholders held on April 20, 2016. The following matters were voted upon at the meeting: the election of Directors; the ratification of the appointment of the Company’s independent registered public accounting firm for 2016; and the advisory vote on the compensation of the Named Executive Officers.

The advisory vote on the compensation of Named Executive Officers (“Say on Pay”) allows stockholders to express their opinions regarding the decisions of the Compensation Committee on the prior year’s compensation to Named Executive Officers. The proposal asked stockholders to evaluate whether the Company’s executive compensation program is well-designed, appropriately aligns executive pay with Company performance and incentivizes desirable behavior. The measure was approved by a vote of more than 91 percent of votes cast.

The Company’s Director nominees were all elected with more than 98 percent of votes cast, and the appointment of the Company’s independent registered public accounting firm for 2016 was approved by more than 99 percent of votes cast.

KeyCorp (NYSE:KEY)

Stock’s Trading Stats:

KeyCorp (NYSE:KEY) is declining -1.21% percent and is at $12.27 in the Real-Time trading session. The stock’s market capitalization stands at $10.04 Billion with outstanding shares of 842.29 Million.

Recent Press Release:

KeyCorp (KEY) and First Niagara Financial Group, Inc. (FNFG) declared on April 28, 2016 that they have reached a contract with Northwest Bank, a wholly-owned partner of Northwest Bancshares, Inc. (NWBI), to sell 18 branches in the Buffalo Federal Reserve banking market totaling $1.7 billion in deposits and $0.5 billion in loans.  Northwest Bank’s purchase includes all 18 branches slated for divestiture under Key’s agreements with the United States Department of Justice (DOJ) and the Federal Reserve Board, which were reached in connection with their review of KeyCorp’s pending merger with First Niagara.  Key will retain its middle market, private banking, municipal and commercial real estate client relationships within this market.  The divestiture transaction is subject to the completion of the merger of KeyCorp and First Niagara, which remains subject to regulatory approvals.

Northwest Bank has about $9 billion of total assets and has a 15-year history of operations in the Buffalo market. Since its initial public offering in 1994, Northwest has accomplished over 37 bank transactions counting 14 branch purchases.  It is predictable that personnel associated with the divested locations will join Northwest Bank upon completion of the divestitures.