Shares of Bank of America Corp (NYSE:BAC) ended Friday session in red amid volatile trading. The shares closed down -0.18 points or -1.15% at $15.49 with 90.93 million shares getting traded. Post opening the session at $15.66, the shares hit an intraday low of $15.48 and an intraday high of $15.68 and the price vacillated in this range throughout the day. The company has a market cap of $156.28 billion and the numbers of outstanding shares have been calculated to be 10.20 billion shares.
On September 06, 2016 Allegiant (ALGT) and Bank of America announced a new relationship to launch the Allegiant World MasterCard® issued by Bank of America. The new card is available effective immediately.
This is Allegiant’s first credit card program and it will allow cardholders to earn three points per dollar on Allegiant purchases, two points per dollar on qualifying dining purchases and one point per dollar on all other purchases. Points always keep their full value and can be redeemed at Allegiant.com for flights, hotel stays and car rentals.
“We at Allegiant are very proud to launch our first-ever co-branded credit card, the Allegiant World MasterCard® issued by Bank of America” said Brian Davis, Allegiant vice president of marketing. “Offering a credit card rewards our passengers and creates more opportunities for them to travel just by using their card for everyday purchases. It’s the most important customer-facing initiative we have undertaken in many years.”
Shares of Wells Fargo & Co (NYSE:WFC) ended Friday session in red amid volatile trading. The shares closed down -0.72 points or -1.57% at $45.43 with 51.87 million shares getting traded. Post opening the session at $45.70, the shares hit an intraday low of $45.25 and an intraday high of $45.87 and the price vacillated in this range throughout the day. The company has a market cap of $221.76 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.”