Shares of Goldman Sachs Group Inc (NYSE:GS) ended Friday session in red amid volatile trading. The shares closed down -0.43 points or -0.28% at $154.27. Post opening the session at $155.76, the shares hit an intraday low of $153.92 and an intraday high of $156.41 and the price vacillated in this range throughout the day. The company has a market cap of $1.91 billion and the numbers of outstanding shares have been calculated to be 415.39 million shares.
Goldman Sachs Group Inc (GS) operates as an investment banking, securities, and investment management company worldwide. It operates through four segments: Investment Banking, Institutional Client Services, Investing amp; Lending, and Investment Management. The Investment Banking segment provides financial advisory services, such as strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, spin-offs, and risk management; and underwriting services, including public offerings and private placements of various securities and other financial instruments, as well as derivative transactions entered into with public and private sector clients. The Institutional Client Services segment is involved in client execution activities related to making markets in interest rate products, credit products, mortgages, currencies, commodities, and equities; and provides securities services, such as financing, securities lending, and other prime brokerage services, as well as markets in and clears client transactions on primary stock, options, and futures exchanges. The Investing amp; Lending segment invests in and originates longer-term loans to provide financing to clients; and makes investments in debt securities and loans, public and private equity securities, and real estate entities. The Investment Management segment offers investment management products and services; and wealth advisory services, including portfolio management and financial counseling, and brokerage and other transaction services. The company serves corporations, financial institutions, governments, and individuals. The Goldman Sachs Group, Inc. was founded in 1869 and is headquartered in New York, New York.
Shares of Comerica Incorporated (NYSE:CMA) ended Friday session in green amid volatile trading. The shares closed up +0.81 points or 1.83% at $45.18. Post opening the session at $44.61, the shares hit an intraday low of $44.46 and an intraday high of $45.18 and the price vacillated in this range throughout the day. The company has a market cap of $8.01 billion and the numbers of outstanding shares have been calculated to be 175.13 million shares.
Comerica Incorporated (CMA) on May 17, 2016 launched its latest and most innovative partnership to date with two of the largest startup leaders in North Texas. The new partnership teams Comerica Bank with the Dallas Entrepreneur Center (The DEC) and Tech Wildcatters (TW), one of the nations’ leading accelerators, in a joint effort to offer more smart small business solutions to the thriving North Texas entrepreneurial community.
As a leader in banking for small businesses and entrepreneurs, Comerica knows that by partnering with The DEC and TW, the top-five accelerator in the nation (according to Inc. Magazine, 2015), they will be able to more easily and efficiently offer their services to the burgeoning entrepreneurial communities forming throughout the North Texas area, said Trey Bowles, CEO and co-Founder of The DEC. We are thrilled to continue our partnership with Comerica Bank again this year, and by adding Tech Wildcatters, we’re able to help even more established and worldwide startups take their development to the next level, right here in North Texas.
Through this first-of-a-kind partnership, Comerica will be ideally positioned to promote its banking services to the North Texas entrepreneurial community as startups grow their businesses, staffs and presence in the region. The partnership will include offering in-person services to members of The DEC and startups that have received investment from Tech Wildcatters, branding opportunities, and more, culminating in an unprecedented pitch competition, in which the winner will receive entry into the highly coveted Tech Wildcatters accelerator (which includes investment of up to $130,000) and free office space for six months at The DEC.
Comerica is pleased to partner with The DEC and Tech Wildcatters, joining them in their nationally-recognized efforts to serve entrepreneurs and identify North Texas as a top region for innovation, said James Weber, executive vice president and Chief Marketing Officer for Comerica. By engaging with these best-of-breed organizations, we will be able to more easily and effectively promote our banking services to the entrepreneurs they serve. The DEC has become the go-to hub for first-time and veteran entrepreneurs alike and a leading co-working space for entrepreneurs. And, Tech Wildcatters is a leading accelerator that pours powerful resources, such as mentoring, investment and unmatched business connections, into tech startups from all over the world.
We are excited about this first-ever partnership with The DEC and Comerica Bank, said Clarisa Lindenmeyer, Chief Revenue Officer for Tech Wildcatters. We’re constantly seeking to upgrade our game-changing approach to early stage investing, and a key part of that model depends on powerful partners. By combining our seven years of expertise in this space with these two leading organizations, we know we can offer our portfolio of startups the best possible financial and banking solutions in addition to mentorship from their experts within Comerica Bank.