Shares of JPMorgan Chase & Co. (NYSE:JPM) ended Monday session in red amid volatile trading. The shares closed down -1.47 points or -2.19% at $65.78 with 16.41 million shares getting traded. Post opening the session at $66.60, the shares hit an intraday low of $65.54 and an intraday high of $66.80 and the price vacillated in this range throughout the day. The company has a market cap of $237.10 billion and the numbers of outstanding shares have been calculated to be 3.61 billion shares.
On September 22, 2016 Chase announced that it has expanded its relationship with Walmart (WMT) to process payments on ChaseNet, the bank’s closed-loop network, at its 5,000+ Walmart and Sam’s Club locations in the U.S. and at Sam’s Club ecommerce.
ChaseNet offers businesses guaranteed, fixed-rate pricing for Chase Visa® credit and debit payments for the term of the contract. Chase already processes payments for Walmart’s ecommerce channel.
“Engaging Chase with a direct processing relationship has been a priority for Walmart for some time,” said Mike Cook, Sr. Vice President and Assistant Treasurer at Walmart. “Walmart is always looking for innovative ways to improve the payment experience for our customers while also creating competition in the payments industry. We are excited to work with Chase to help our customers save time and money.”
“We are pleased to expand our relationship to offer consumers a convenient, secure payment experience,” said Matt Kane, CEO of Chase Commerce Solutions.
Shares of Itau Unibanco Holding SA (ADR) (NYSE:ITUB) ended Monday session in red amid volatile trading. The shares closed down -0.09 points or -0.81% at $11.00 with 12.06 million shares getting traded. Post opening the session at $10.98, the shares hit an intraday low of $10.90 and an intraday high of $11.10 and the price vacillated in this range throughout the day. The company has a market cap of $61.72 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 individuals and corporate clients in Brazil and internationally. The company operates in three segments: Retail Banking, Wholesale Banking, and Activities with the Market + Corporation. It accepts time, savings, and demand deposits; and offers personal, payroll, vehicle, and mortgage loans, as well as credit cards. The company also provides asset management, custody and bookkeeping, consortium, investment banking, and electronic payment means services, as well as private banking services.