Shares of JPMorgan Chase & Co. (NYSE:JPM) ended Friday session in red amid volatile trading. The shares closed down -0.82 points or -1.23% at $65.82 with 25.16 million shares getting traded. Post opening the session at $66.09, the shares hit an intraday low of $65.44 and an intraday high of $66.26 and the price vacillated in this range throughout the day. The company has a market cap of $235.86 billion and the numbers of outstanding shares have been calculated to be 3.61 billion shares.
On September 14, 2016 Gov. John Hickenlooper announced that Bloomberg Philanthropies and JPMorgan Chase & Co. have together committed $9.5 million to CareerWise Colorado (formerly Business and Schools in Collaboration, or BASIC), a new statewide apprenticeship system for high school students, and Denver Public Schools’ (DPS) CareerConnect.
Partnering with the state, Bloomberg Philanthropies committed $5.5 million to CareerWise and JPMorgan Chase dedicated $4 million to Denver Public Schools Foundation for a pilot program that equips the district’s high school students with high-demand skills for lucrative careers and postsecondary opportunities in Colorado’s leading industries.
U.S. Secretary of Labor Thomas E. Perez joined Hickenlooper during the announcement to highlight the Obama administration’s work in supporting youth apprenticeships and experiential learning.
“In order to create shared prosperity for all Americans, we need to help more people access the skills and training they need to compete for the jobs of today and tomorrow. Apprenticeships are a tried and true training strategy that offer a path to the middle class and expand opportunities for working people,” said Perez. “The learn-while-you-earn model is instrumental to the competitiveness of our businesses, the strength of our economy and the future of our workforce. I applaud Colorado for making the investments that will help usher shared prosperity in the 21st century.”
Shares of Citigroup Inc (NYSE:C) ended Friday session in red amid volatile trading. The shares closed down -0.67 points or -1.42% at $46.41 with 24.82 million shares getting traded. Post opening the session at $46.60, the shares hit an intraday low of $46.24 and an intraday high of $46.79 and the price vacillated in this range throughout the day. The company has a market cap of $132.38 billion and the numbers of outstanding shares have been calculated to be 2.91 billion shares.
On September 15, 2016 Buy-side investors have granted Citi the top market share and quality awards in the 2016 U.S. Fixed Income study conducted by Greenwich Associates. These awards follow Citi’s top share and quality accolades in the 2015 Global Fixed Income study also conducted by Greenwich Associates and released in January.
Greenwich Associates interviewed nearly 1,000 fixed income investors. According to the study, Citi’s market share gain is the largest amongst large dealers and puts Citi at the top of the market share rank, tied with another financial institution.
“We are proud to have consolidated our industry leadership position in the U.S. and globally. Our performance underscores our unwavering commitment to our clients and the fixed income markets amidst the rapidly changing competitive environment,” said Ish McLaughlin, North America Head of Investor Sales. “Once again, we thank our clients for entrusting us with their business and assure them that we will continue to work relentlessly to be their top strategic partner.”