Shares of Bank of America Corp (NYSE:BAC) ended Monday session in red amid volatile trading. The shares closed down -0.43 points or –2.77% at $15.09 with 94.97 million shares getting traded. Post opening the session at $15.40, the shares hit an intraday low of $15.02 and an intraday high of $15.44 and the price vacillated in this range throughout the day. The company has a market cap of $153.20 billion and the numbers of outstanding shares have been calculated to be 10.20 billion shares.
On September 06, 2016 Allegiant (ALGT) and Bank of America announced a new relationship to launch the Allegiant World MasterCard® issued by Bank of America. The new card is available effective immediately.
This is Allegiant’s first credit card program and it will allow cardholders to earn three points per dollar on Allegiant purchases, two points per dollar on qualifying dining purchases and one point per dollar on all other purchases. Points always keep their full value and can be redeemed at Allegiant.com for flights, hotel stays and car rentals.
“We at Allegiant are very proud to launch our first-ever co-branded credit card, the Allegiant World MasterCard® issued by Bank of America” said Brian Davis, Allegiant vice president of marketing. “Offering a credit card rewards our passengers and creates more opportunities for them to travel just by using their card for everyday purchases. It’s the most important customer-facing initiative we have undertaken in many years.”
Shares of Wells Fargo & Co (NYSE:WFC) ended Monday session in red amid volatile trading. The shares closed down -0.86 points or -1.88% at $44.88 with 30.94 million shares getting traded. Post opening the session at $45.37, the shares hit an intraday low of $44.65 and an intraday high of $45.50 and the price vacillated in this range throughout the day. The company has a market cap of $226.54 billion and the numbers of outstanding shares have been calculated to be 5.05 billion shares.
On September 27, 2016 As businesses plan for next year’s open enrollment period, decision makers for employee benefit plans may be surprised to learn that involvement from company leadership plays more of a key role in driving employee medical plan participation than do financial incentives. That according to the 2016 Benefit Analytics and Benchmarking Study (BABS), conducted by Wells Fargo Insurance, part of Wells Fargo & Company (WFC). Whether establishing a culture of health, demonstrating support of wellness, or narrowing their network of healthcare providers – which can save up to 10% of costs for businesses – employers who take an active role in plan management can favorably impact the total spend on benefit plans.
The Benefit Analytics and Benchmarking study analyzed more than 1,000 employers nationwide to better understand trends and costs related to employee benefits. It represents current data from 2016 and well over one million employee lives.
Key among the findings was that an employer’s cash contribution to Health Savings Accounts (HSAs) does not impact employee participation in plans with HSAs, an attractive lever for employers looking to reduce benefit costs. In addition, financial incentives did not motivate employees to opt out, or waive, medical plan coverage.
“Many of the findings shatter traditional industry narratives that we have been following for the last 10 years, about cash and cash-equivalent incentives with employee benefit plans,” said Nick Allen, national practice leader for customer analytics with Wells Fargo Insurance’s Employee Benefits National Practice. “As it turns out, many employees do not view HSA contributions from their employers as an incentive when choosing plans.”