Investors Bancorp, Inc. (NASDAQ:ISBC), a Delaware corporation and the holding company of Investors Bank announced that its stockholders and the depositors of the Bank each approved the plan of conversion pursuant to which the Company will reorganize into a stock holding company, New Investors Bancorp, Inc. a Delaware corporation, with the Bank becoming its wholly owned subsidiary. The Company also announced that its stockholders and the Bank’s depositors have each approved the contribution to Investors Charitable Foundation of 1,000,000 shares of New Investors Bancorp common stock and $10.0 million in cash. Investors Bancorp, Inc. (NASDAQ:ISBC) shares after opening at $26.20 moved to $27.40 on last trade day and at the end of the day closed at $27.38. Company price to sales ratio in past twelve months was calculated as 6.66 and price to cash ratio as 9.23. Investors Bancorp, Inc. (NASDAQ:ISBC) showed a positive weekly performance of 3.95%.
Mr Roberts plans to leave the Lloyds Banking Group PLC (ADR) (NYSE:LYG) on May 14 and join Nationwide as a non-executive director and its chairman elect from the start of September. As a result of that move Lloyds said it was appointing Scottish born Anita Frew as its new deputy chairman. Lloyds Banking Group PLC (ADR) (NYSE:LYG) shares advanced 1.47% in last trading session and ended the day on $5.53. LYG return on equity ratio is recorded as -1.50% and its return on assets is -0.10%. Lloyds Banking Group PLC (ADR) (NYSE:LYG) yearly performance is 63.61%.
The biggest state-owned lender in the U.K. Royal Bank of Scotland Group Plc (ADR) (NYSE:RBS) made a statement revealing record results for the first quarter. The Group announced that its profit for the first financial quarter jumped threefold and reached 1.2 billion pounds (2 billion dollars) due to narrowed expenses and bad loans reduction. This result surpassed the analysts’ estimates of a 200-million-pound first-quarter profit. Royal Bank of Scotland Group plc (ADR) (NYSE:RBS) shares moved up 7.89% in last trading session and was closed at $11.21, while trading in range of $11.13 – $11.35. Royal Bank of Scotland Group plc (ADR) (NYSE:RBS) year to date (YTD) performance is -1.06%.
Directors of Doral Financial Corp. (NYSE:DRL) were hit with a shareholder suit on Friday after the troubled operator of Puerto Rico’s only community bank admitted to weak financial controls that forced it to record a bigger third quarter loss last year than originally disclosed. Doral Financial Corp. (NYSE:DRL) weekly performance is -61.15%. On last trading day company shares ended up $3.73. Doral Financial Corp. (NYSE:DRL) distance from 50-day simple moving average (SMA50) is -64.96%.