Cisco Systems Inc. Stock Falls Thursday, Still Outperforms Market

TrustCo Bank Corp N Y

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TRST TrustCo Bank Corp N Y

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Financials : Thrifts & Mortgage Finance | Small Cap Value

Company profile

TrustCo Bank Corp NY is a savings and loan holding company. The Company's principal subsidiary is Trustco Bank (the Bank). The Bank focuses on providing service to the communities served by its branch-banking network. It operates through community banking segment. The Company operates in the geographical region of Upstate New York with branches also in Florida and the mid-Hudson valley region of New York. The Bank's subsidiary, Trustco Realty Corp., is a real estate investment trust (REIT) formed to acquire, hold and manage real estate mortgage assets, including residential mortgage loans and mortgage-backed securities. The Bank's trust department operates under the name, Trustco Financial Services, and serves as executor of estates and trustee of personal trusts, provides asset and wealth management services, and provides estate planning and related advice, provides custodial services.

Cisco Systems Inc. Stock Falls Thursday, Still Outperforms Market

4:47 pm ET January 13, 2022 (MarketWatch) Print

This article was automatically generated by MarketWatch using technology from Automated Insights.

Shares of Cisco Systems Inc. (CSCO) shed 1.00% to $61.50 Thursday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 1.42% to 4,659.03 and Dow Jones Industrial Average falling 0.49% to 36,113.62. This was the stock's second consecutive day of losses. Cisco Systems Inc. closed $2.79 below its 52-week high ($64.29), which the company achieved on December 29th.

The stock demonstrated a mixed performance when compared to some of its competitors Thursday, as Microsoft Corp. (MSFT) fell 4.23% to $304.80, International Business Machines Corp. (IBM) rose 0.88% to $134.76, and VMware Inc. (VMW) rose 0.41% to $123.40. Trading volume (14.8 M) remained 7.7 million below its 50-day average volume of 22.5 M.

Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 13, 2022.

-MarketWatch Automation

(END) Dow Jones Newswires

January 13, 2022 16:47 ET (21:47 GMT)