Shares of Morgan Stanley (NYSE:MS) ended Tuesday session in green amid volatile trading. The shares closed up +0.32 points or 1.03% at $31.35 with 9.75 million shares getting traded. Post opening the session at $30.82, the shares hit an intraday low of $30.62 and an intraday high of $31.49 and the price vacillated in this range throughout the day. The company has a market cap of $59.32 billion and the numbers of outstanding shares have been calculated to be 1.91 billion shares.
On September 22, 2016 The Morgan Stanley Foundation announced its renewed commitment to hunger relief through a new $8 million, four-year pledge to Feeding America to support children’s hunger and produce programs. This grant will build on the Firm’s $13 million previous support to Feeding America, the nation’s largest domestic hunger relief charity. Since Morgan Stanley’s partnership with Feeding America launched in 2009, over 11,000 employees have volunteered more than 60,000 hours with Feeding America food banks, and over 50 million meals have been distributed.
“Feeding America and its network of local food banks are key partners in Morgan Stanley’s mission to help ensure every child has the essentials they need for a healthy start in life,” said Joan Steinberg, Global Head of Philanthropy at Morgan Stanley and President of the Morgan Stanley Foundation. “Regular access to nutritious food is a critical component of that mission, and we are proud to support this program both financially and through our employee volunteers.”
The key components of the grant will expand the firm’s Flex Grants program, to help twenty-five local food banks start, grow and sustain childhood feeding programs annually. It will also include training and strategic planning support to assist the local food banks in extending the benefits of the grants long beyond the grant cycle to ensure sustained services to the community. Through the grant, the firm also committed funds this year to increase the availability of fruits and vegetables for children, through a new initiative that increases its food banks’ ability to access, transport and store fresh produce.
Shares of JPMorgan Chase & Co. (NYSE:JPM) ended Tuesday session in green amid volatile trading. The shares closed up +0.58 points or 0.88% at $66.36 with 13.71 million shares getting traded. Post opening the session at $65.41, the shares hit an intraday low of $65.11 and an intraday high of $66.40 and the price vacillated in this range throughout the day. The company has a market cap of $239.19 billion and the numbers of outstanding shares have been calculated to be 3.61 billion shares.
On September 27, 2016 JPMorgan Chase & Co. is investing over $1.3 million to increase the number of Detroiters receiving skills training for in-demand jobs and to strengthen partnerships between job seekers, local employers and training providers, the firm announced. As part of JPMorgan Chase’s $100 million commitment to the city’s economic recovery, the new grants will support the Detroit Employment Solutions Corporation, United Way for Southeastern Michigan and Corporation for a Skilled Workforce (CSW).
Specifically, the investments will create an innovative and new leadership development academy for local workforce professionals, improve connections between Detroiters and existing job openings in growing local industries and address the skills mismatch between local employers and job seekers.
“By aligning our investments with the city’s workforce priorities, we are giving more residents the chance to climb the economic ladder and gain critical job skills and we are helping workforce leaders build effective job training and employer engagement programs,” said Chauncy Lennon, Head of Workforce Initiatives, JPMorgan Chase.