Shares of Bank of America Corp (NYSE:BAC) ended Monday session in green amid volatile trading. The shares closed up +0.10 points or 0.65% at $15.59 with 66.19 million shares getting traded. Post opening the session at $15.55, the shares hit an intraday low of $15.55 and an intraday high of $15.78 and the price vacillated in this range throughout the day. The company has a market cap of $157.27 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 Wells Fargo & Co (NYSE:WFC) ended Monday session in green amid volatile trading. The shares closed up +0.58 points or 1.28% at $46.01 with 33.56 million shares getting traded. Post opening the session at $45.62, the shares hit an intraday low of $45.48 and an intraday high of $46.29 and the price vacillated in this range throughout the day. The company has a market cap of $228.52 billion and the numbers of outstanding shares have been calculated to be 5.05 billion shares.
Wells Fargo & Co (WFC) on September 16, 2016 announced a total of $500,000 in donations for seven local nonprofits will help revitalize San Antonio neighborhoods through the Wells Fargo NeighborhoodLIFT program.
The local grant recipients were identified in collaboration with the City of San Antonio and Mayor Ivy Taylor. The Wells Fargo Foundation is providing grants to the following San Antonio nonprofits:
- Local Initiatives Support Corporation of San Antonio – $100,000 grant for its affordable housing programs
- San Antonio Foundation for Excellence in Education Inc. – $75,000 grant for its youth mentorship program
- San Antonio Housing Trust Foundation – $75,000 grant for the 2016 Mayor’s Housing Summit held Sept. 30
- Education Investment Foundation Inc. – $75,000 grant for its innovative ConnectHome program that is connecting families in HUD-assisted housing with access to the internet
- Family Service Association – $75,000 grant for its Financial Empowerment Center
- P16PLUS Council of Greater Bexar County Foundation – $50,000 grant for the My Brother’s Keeper youth development program
- San Antonio Public Library Foundation – $50,000 grant for establishing financial literacy programs in the city’s two newest libraries
The grants are funded through Wells Fargo’s NeighborhoodLIFT® program that was launched in January 2015 for San Antonio homebuyers with a $6 million commitment by Wells Fargo to boost local homeownership and revitalize neighborhoods.
In San Antonio, the NeighborhoodLIFT program, created 278 homeowners by offering homebuyer education plus down payment assistance grants. Wells Fargo collaborated with the City of San Antonio, national nonprofit NeighborWorks America, and its local affiliate, Alamo Community Group, to implement the program.
“It was an honor and a pleasure to help identify great causes in San Antonio that will benefit from these investments by Wells Fargo,” said Mayor Ivy R. Taylor. “From the Mayor’s Housing Summit to My Brother’s Keeper San Antonio, each of the seven recipients is a cause that I believe in and I know these grants will make lives better for so many San Antonians. I salute Wells Fargo for their commitment to helping our neighborhoods and families.”