ARMOUR Residential REIT, Inc (NYSE:ARR) shares up by 1.33%, Huntington Bancshares Incorporated (NASDAQ:HBAN)

Posted by Michael Korte May 31, 2013 0 Comment 1488 views

ARMOUR Residential REIT, Inc (NYSE:ARR): Thursday’s trading session saw ARMOUR Residential REIT, Inc (NYSE:ARR) rising by 1.33%. The opening price of $5.28 climbed to an intraday high of $5.38 before settling down to close at $5.33 per share. More than 0.002 million shares exchanged hands in the last trading session, which stood below the average volume of 7.63 million that was measured over a 30 days.

ARR is an externally managed Maryland-based corporation. It is managed by ARMOUR Residential REIT, Inc. It largely invests in adjustable rate, hybrid adjustable rate and fixed rate residential mortgage backed securities. All these securities will be issued or then guaranteed by any one of the United States Government-sponsored entity. This could be either the Federal National Mortgage Association or the Federal Home Loan Mortgage Corporation. They may also be guaranteed by Ginnie Mae or the Government National Mortgage Administration, collectively called Agency Securities. At certain times, a section of ARMOUR Residential REIT, Inc (NYSE:ARR)’s portfolio could be invested either in unsecured notes or also in bonds that have been issued by U.S Government-chartered entities.

Huntington Bancshares Incorporated (NASDAQ:HBAN): Thursday’s trading session saw Huntington Bancshares Incorporated (NASDAQ:HBAN) rising by 2.33%. The opening price of $7.70 climbed to an intraday high of $7.95 before settling down to close at $7.89 per share. The average volume of 9.03 million was measured over a 30 days.

Huntington Bancshares Incorporated (NASDAQ:HBAN) is a multi state, regional bank holding company. Via its subsidiaries, including The Huntington National Bank, its bank subsidiary. The company is involved in providing complete-service small business, commercial, mortgage banking services, and consumer banking services, equipment leasing and automobile financing services. HBAN also provides these services- trust services, brokerage services, customized insurance programs, investment management as well as other financial services and products. It operates in 4 different segments: Regional and Commercial Banking, Retail and Business Banking, Commercial Real Estate and Wealth Advisors, Automobile Finance, Government Finance as well as Home Lending. At 31 December 2011, it had 652 branches. It’s Treasury/other function is inclusive of Huntington Bancshares Incorporated (NASDAQ:HBAN) insurance brokerage business.

About Michael Korte

Michael Korte an investigative reporter at GDP Insider and is a breaking news reporter. Michael work includes investigations of misconduct by federal prosecutors and industrial air pollution around the nation's schools. His reporting has been recognized with the Hillman Prize for Newspaper Journalism, the Grantham Prize for Excellence in Reporting on the Environment, and the Philip Meyer Journalism Award for reporting that incorporates social science methods.

View all post by Michael Korte Visit author's website

Write Your Comment