Shares of Itau Unibanco Holding SA (ADR) (NYSE:ITUB) ended Monday session in green amid volatile trading. The shares closed up +0.42 points or 3.88% at $11.36 with 12.84 million shares getting traded. Post opening the session at $11.00, the shares hit an intraday low of $10.96 and an intraday high of $11.38 and the price vacillated in this range throughout the day. The company has a market cap of $63.59 billion and the numbers of outstanding shares have been calculated to be 2.88 billion shares.
Itau Unibanco Holding SA (ADR) (ITUB) provides a range of financial products and services to individual and corporate clients in Brazil and abroad. It is engaged in banking activities, through its commercial, investment, real estate loan, finance and investment credit, and lease portfolios, including foreign exchange operations and other complementary activities. It operates in three segments: Retail Banking, Wholesale Banking, and Activities with the Market + Corporation. Its Retail Banking segment includes retail clients, high net worth clients and the corporate segment. The Wholesale Banking segment offers products and services to middle-market companies, private banking clients, from the activities of Latin America units and the activities of Itau BBA. The Activities with the Market + Corporation segment records the result arising from capital surplus, subordinated debt surplus and the net balance of tax credits and debits.
Shares of JPMorgan Chase & Co. (NYSE:JPM) ended Monday session in red amid volatile trading. The shares closed down -0.08 points or -0.12% at $66.51 with 14.90 million shares getting traded. Post opening the session at $66.35, the shares hit an intraday low of $66.26 and an intraday high of $66.92 and the price vacillated in this range throughout the day. The company has a market cap of $243.67 billion and the numbers of outstanding shares have been calculated to be 3.61 billion shares.
JPMorgan Chase & Co. is investing over $1.3 million to increase the number of Detroiters receiving skills training for in-demand jobs and to strengthen partnerships between job seekers, local employers and training providers. As part of JPMorgan Chase’s $100 million commitment to the city’s economic recovery, the new grants will support the Detroit Employment Solutions Corporation, United Way for Southeastern Michigan and Corporation for a Skilled Workforce (CSW).
Specifically, the investments will create an innovative and new leadership development academy for local workforce professionals, improve connections between Detroiters and existing job openings in growing local industries and address the skills mismatch between local employers and job seekers.
“By aligning our investments with the city’s workforce priorities, we are giving more residents the chance to climb the economic ladder and gain critical job skills and we are helping workforce leaders build effective job training and employer engagement programs,” said Chauncy Lennon, Head of Workforce Initiatives, JPMorgan Chase.