Shares of U.S. Bancorp (NYSE:USB) ended Monday session in green amid volatile trading. The shares closed up +0.26 points or 0.61% at $42.86 with 5.49 million shares getting traded. Post opening the session at $42.74, the shares hit an intraday low of $42.58 and an intraday high of $43.12 and the price vacillated in this range throughout the day. The company has a market cap of $72.62 billion and the numbers of outstanding shares have been calculated to be 1.72 billion shares.
On September 19, 2016 U.S. Bank (USB), the fifth-largest commercial bank in the United States, announced the launch of the U.S. Bank Possibility Index, a measure of where Americans are thriving and what is holding them back from realizing their personal satisfaction across work, home and play.
“Americans spend the majority of their time in three main areas of life – work, home and at play,” said Gareth Gaston, Executive Vice President of Omnichannel Banking at U.S. Bank. “Knowing this, we wanted to better understand how well they are achieving their goals in these three areas – where are they thriving, where are they falling short and what is holding them back. By better understanding the key opportunities and challenges facing Americans, we can develop the right tools and resources to help individuals and families along the way.”
Americans scored an overall 65 out of a possible 100 in the inaugural U.S. Bank Possibility Index, indicating a slightly positive outlook on their ability to achieve their goals. More than 21 percent, however, are struggling with their overall life satisfaction. There does appear to be a silver lining, as 65 percent of Americans said they are optimistic about changes in the coming year.
Financial Stress is the Common Denominator
The U.S. Bank Possibility Index shows that financial stress is a central factor in individual levels of satisfaction across work, home and play. In fact, more than half of Americans (52%) are concerned with finances in general and 49 percent are specifically concerned about paying off debt – 58 percent among Millennials and Gen Xers.
The research also discovered that nearly half of Americans (47%) are concerned about simply paying the bills and 55 percent are worried about saving for the unexpected. Yet people remain optimistic; when asked to project ahead five years, over half of Americans (57%) expressed confidence that they would be able to pay their bills on time. This rang especially true among Millennials who are overwhelmingly optimistic about their future (76%) despite being extremely concerned about their current finances (64%). In fact, just 37 percent feel confident in their ability to save for a home and a mere 14 percent reported that they were on track to meet their retirement goals.
Gaston said: “Financial stress is a normal part of everyday life and it can really prevent Americans from fully enjoying life. The most important step Americans can take is identifying the sources of stress. Too often Americans avoid their core financial issues, which only leads to more stress. At U.S. Bank, we want to initiate conversations that lead to greater understanding, and ultimately, more life satisfaction.”
Shares of Bank of New York Mellon Corp (NYSE:BK) ended Monday session in green amid volatile trading. The shares closed up +0.03 points or 0.07% at $40.09 with 5.22 million shares getting traded. Post opening the session at $40.25, the shares hit an intraday low of $39.95 and an intraday high of $40.62 and the price vacillated in this range throughout the day. The company has a market cap of $41.98 billion and the numbers of outstanding shares have been calculated to be 1.07 billion shares.
On Sept. 15, 2016 BNY Mellon has named Niamh De Niese Director and Head of its EMEA Innovation Centre, based in London. As head of the centre, De Niese will expand the innovative solutions delivered via BNY Mellon’s NEXEN digital platform, driving client engagement and building relationships with the region’s burgeoning fintech community.
BNY Mellon’s EMEA Innovation Centre provides a collaborative environment for cross-business client experience delivery and technology teams to partner with client companies and fintechs to explore and rapidly prototype new solutions to help clients solve their most complex problems and create value.
“Our network of global innovation centres is a core part of BNY Mellon’s NEXEN digital transformation strategy,” said Lucille Mayer, Global Head of Innovation and Client Experience Delivery at BNY Mellon. “Our EMEA Innovation Centre is ideally located to be a catalyst centre for new solutions that we can envision and develop alongside our clients and fintechs. Under Niamh’s leadership, we anticipate a step-wise increase in collaborative innovation in financial services.”