Shares of JPMorgan Chase & Co. (NYSE:JPM) ended Wednesday session in green amid volatile trading. The shares closed up +0.35 points or 0.53% at $66.71 with 11.28 million shares getting traded. Post opening the session at $66.58, the shares hit an intraday low of $66.99 and an intraday high of $66.77 and the price vacillated in this range throughout the day. The company has a market cap of $243.08 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.
Shares of Citigroup Inc (NYSE:C) ended Wednesday session in green amid volatile trading. The shares closed up +0.50 points or 1.08% at $46.87 with 15.87 million shares getting traded. Post opening the session at $46.58, the shares hit an intraday low of $46.10 and an intraday high of $46.91 and the price vacillated in this range throughout the day. The company has a market cap of $137.60 billion and the numbers of outstanding shares have been calculated to be 2.91 billion shares.
On September 28, 2016 Citi announced that it will join Early Warning’s clearXchange® network, enabling Citi’s online and mobile banking customers to send or receive real-time person-to-person (P2P) payments to or from customers of participating network banks by simply using the recipient’s mobile number or email address. Citi will enable the functionality in early 2017.
“We are pleased to join the clearXchange network, enabling millions of Citi clients to make real-time person-to-person payments to anyone with a U.S. bank account,” said Barry Rodrigues, Head of Global Digital Payments for Citi’s Global Consumer Bank. “As the payments landscape continues to rapidly evolve, Citi is committed to making it easier for our customers to move their money quickly, safely and seamlessly.”
“The addition of Citi represents a significant milestone in Early Warning’s goal to expand the clearXchange network to include all financial institutions nationwide,” said Paul Finch, chief executive officer, Early Warning. “Early Warning is pleased to partner with Citi to provide its customers access to real-time p2p payments across the clearXchange network.”
Citi is a leader in global digital payments and has been at the forefront of mobile payment and wallet solutions. Citi was among the first banks to make mobile payment solutions available to U.S. customers and has pioneered digital wallets in markets around the world, including the U.S., Mexico and India.