Shares of Fifth Third Bancorp (NASDAQ:FITB) ended Monday session in red amid volatile trading. The shares closed down -0.46 points or -2.20% at $20.46 with 7.88 million shares getting traded. Post opening the session at $20.78, the shares hit an intraday low of $20.43 and an intraday high of $20.80 and the price vacillated in this range throughout the day. The company has a market cap of $15.77 billion and the numbers of outstanding shares have been calculated to be 766.37 million shares.
Fifth Third Bancorp (FITB) on September 21, 2016 announced the appointments of Jerry W. Burris and Eileen A. Mallesch to the Bancorp Board of Directors.
“Both of these individuals represent outstanding additions to the Board and we welcome them,” said Marsha C. Williams, chair of the Fifth Third Bancorp Board.
She added, “Jerry’s background as a CEO of Associated Materials, a privately held company, as well as his 20 years of management background with General Electric provide deep and broad management expertise. Eileen’s career includes roles as a CFO with Genworth Financial as well as a variety of other finance leadership roles at other companies including PepsiCo. That will enable her to make a substantial contribution to our board as well.”
Prior to serving as CEO and president of Associated Materials, LLC from 2011 to 2014, Jerry Burris was a senior executive with Barnes Group Inc. for five years, including serving as president of Precision Components. He also served in various management roles at GE, including president and CEO of Advanced Materials Quartz & Ceramics, general manager of Global Services for GE Healthcare, and general manager of Global Sourcing for GE Industrial Systems. He first joined GE in 1986.
Burris’ expertise includes strong technical marketing skills, a sound understanding of how best to integrate technology, rapid innovation, mergers and acquisitions, and cost and efficiency management based on his Six Sigma training and experiences.
Shares of Charles Schwab Corp (NYSE:SCHW) ended Monday session in red amid volatile trading. The shares closed down -0.21 points or 0.68% at $30.46 with 7.81 million shares getting traded. Post opening the session at $30.43, the shares hit an intraday low of $30.34 and an intraday high of $30.75 and the price vacillated in this range throughout the day. The company has a market cap of $39.56 billion and the numbers of outstanding shares have been calculated to be 1.32 billion shares.
On September 20, 2016 Schwab Advisor Services announced availability of a robust suite of resources and tools to help independent financial advisors develop, strengthen and maintain their cybersecurity defense. The program includes information to help advisors stay up-to-date on cyber-attack trends, regulatory developments and best practices for educating employees and clients on keeping data secure. As part of its offer, Schwab also developed action-oriented tools to guide advisors through the cybersecurity planning process, available through a new online Cybersecurity Resource Center.
Schwab’s cybersecurity initiative comes at a time when preventing cyber-attacks is top of mind for the industry, with almost 90 percent of independent advisors pointing to cybersecurity, privacy and identity theft as their top compliance concern for 2016, according to a recent study.
“Advisors are aware of ongoing threats in a rapidly-evolving competitive and technological environment,” said Nick Georgis, senior vice president, Schwab Advisor Services. “As part of our commitment to empower independent advisors’ success, we are constantly evaluating the landscape and delivering resources and counsel to help them remain a step ahead.”