Shares of Synchrony Financial (NYSE:SYF) ended Friday session in red amid volatile trading. The shares closed down -0.41 points or -1.50% at $26.93 with 6.70 million shares getting traded. Post opening the session at $27.31, the shares hit an intraday low of $26.93 and an intraday high of $27.68 and the price vacillated in this range throughout the day. The company has a market cap of $22.08 billion and the numbers of outstanding shares have been calculated to be 833.93 million shares.
Synchrony Financial, (NYSE:SYF) a premier consumer financial services company with 80 years of heritage, On September 1, 2016 held a grand opening for a second location in Central Florida and affirmed its local commitment with a $1 million donation to the Step Up for Students scholarship program.
Synchrony Financial has been in the Orlando area since 1983. Its original location in Longwood is a customer support site.
The company’s second Florida location, in Altamonte Springs, will provide customer service and collections support across all of Synchrony Financial’s business platforms. The 102,000 square-foot space features training and conference rooms with advanced technologies including telepresence capabilities, an on-site dining venue and employee fitness center. Plans are already underway, meanwhile, to expand into an adjacent 25,000 square-foot building in 2017 that will accommodate more employees.
“The opening represents Synchrony Financial’s ongoing commitment to Central Florida and will help us accommodate long-term growth,” said Heath Arnsperger, vice president, operations, Synchrony Financial. “We’re proud to be a great place to work and continue to support our partners and customers; all while working to improve our community through volunteerism.”
Shares of U.S. Bancorp (NYSE:USB) ended Friday session in red amid volatile trading. The shares closed down -0.43 points or -0.98% at $43.41 with 6.67 million shares getting traded. Post opening the session at $43.84, the shares hit an intraday low of $43.41 and an intraday high of $43.96 and the price vacillated in this range throughout the day. The company has a market cap of $73.87 billion and the numbers of outstanding shares have been calculated to be 1.72 billion shares.
On September 6, 2016 To reduce the barriers to equality in the St. Louis region, U.S. Bank is donating $20,000 and investing $2 million in the Urban League of Metropolitan St. Louis’ new Ferguson Empowerment Center planned for the site of the former gasoline station that burned during racial unrest.
The $5.8 million Ferguson Empowerment Center, which is under construction at the former QuikTrip at 9420 W. Florissant Ave., will house multiple nonprofit organizations, providing employment assistance and training, financial literacy and asset building, counseling services and entrepreneurship training.
U.S. Bancorp Community Development Corporation, a division of U.S. Bank, invested the $2 million in equity raised from New Markets Tax Credits provided by Heartland Regional Investment Fund. The funding was critical to enable the Urban League to achieve its vision of building a larger, 13,000-square-foot center–triple the size it originally planned.
“Our investment in this project with the Urban League demonstrates U.S. Bank’s commitment to providing an avenue for African-Americans, especially young people, to escape poverty and attain financial stability,” said Steve Kramer, senior vice president of USBCDC.