Shares of Bank of America Corp (NYSE:BAC) ended Friday session in green amid volatile trading. The shares closed up +0.49 points or 3.23% at $15.65 with 119.43 million shares getting traded. Post opening the session at $15.26, the shares hit an intraday low of $15.17 and an intraday high of $15.73 and the price vacillated in this range throughout the day. The company has a market cap of $164.87 billion and the numbers of outstanding shares have been calculated to be 10.20 billion shares.
Bank of America Corp (BAC) on September 19, 2016 announced new environmental operations goals to be met by 2020, including plans to go carbon neutral. This announcement supports the bank’s continued efforts to reduce the environmental impacts of its operations. Bank of America will work to reduce location-based greenhouse gas (GHG) emissions by 50 percent, energy use by 40 percent, and water use by 45 percent in its operations across the globe by 2020. In addition, Bank of America has committed to purchasing 100 percent renewable electricity and has joined RE100, a global initiative led by The Climate Group in partnership with CDP and part of the We Mean Business Take Action campaign. These new commitments build on the success of the company’s 2015 operations goals and the deployment of its $125 billion environmental business initiative.
“Addressing global issues like climate change and the transition to a sustainable and low-carbon future takes collaboration, innovation and investment,” said Anne Finucane, vice chairman, Bank of America. “The expansion of our operational goals to 2020, achieving carbon neutrality, and the purchase of 100 percent renewable electricity build on our existing environmental commitment and responsible growth strategy. This demonstrates the measurable actions we are taking to reduce our environmental impacts.”
Shares of Charles Schwab Corp (NYSE:SCHW) ended Friday session in green amid volatile trading. The shares closed up +0.88 points or 2.87% at $31.57 with 8,757,009 shares getting traded. Post opening the session at $31.03, the shares hit an intraday low of $30.85 and an intraday high of $31.76 and the price vacillated in this range throughout the day. The company has a market cap of $42.96 billion and the numbers of outstanding shares have been calculated to be 1.32 billion shares.
On September 20, 2016 Schwab Advisor Services announced availability of a robust suite of resources and tools to help independent financial advisors develop, strengthen and maintain their cybersecurity defense. The program includes information to help advisors stay up-to-date on cyber-attack trends, regulatory developments and best practices for educating employees and clients on keeping data secure. As part of its offer, Schwab also developed action-oriented tools to guide advisors through the cybersecurity planning process, available through a new online Cybersecurity Resource Center.
Schwab’s cybersecurity initiative comes at a time when preventing cyber-attacks is top of mind for the industry, with almost 90 percent of independent advisors pointing to cybersecurity, privacy and identity theft as their top compliance concern for 2016, according to a recent study.
“Advisors are aware of ongoing threats in a rapidly-evolving competitive and technological environment,” said Nick Georgis, senior vice president, Schwab Advisor Services. “As part of our commitment to empower independent advisors’ success, we are constantly evaluating the landscape and delivering resources and counsel to help them remain a step ahead.”