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Fin Stocks Zone! Bank of America Corp (BAC), ICICI Bank Ltd (IBN)

Shares of Bank of America Corp (NYSE:BAC) ended Monday session in red amid volatile trading. The shares closed down -0.02 points or -0.13% at $15.63 with 69.87 million shares getting traded. Post opening the session at $15.59, the shares hit an intraday low of $15.50 and an intraday high of $15.73 and the price vacillated in this range throughout the day. The company has a market cap of $164.66 billion and the numbers of outstanding shares have been calculated to be 10.20 billion shares.

Bank of America Corp (BAC) announced new environmental operations goals to be met by 2020, including plans to go carbon neutral. This announcement supports the bank’s continued efforts to reduce the environmental impacts of its operations. Bank of America will work to reduce location-based greenhouse gas (GHG) emissions by 50 percent, energy use by 40 percent, and water use by 45 percent in its operations across the globe by 2020. In addition, Bank of America has committed to purchasing 100 percent renewable electricity and has joined RE100, a global initiative led by The Climate Group in partnership with CDP and part of the We Mean Business Take Action campaign. These new commitments build on the success of the company’s 2015 operations goals and the deployment of its $125 billion environmental business initiative.

“Addressing global issues like climate change and the transition to a sustainable and low-carbon future takes collaboration, innovation and investment,” said Anne Finucane, vice chairman, Bank of America. “The expansion of our operational goals to 2020, achieving carbon neutrality, and the purchase of 100 percent renewable electricity build on our existing environmental commitment and responsible growth strategy. This demonstrates the measurable actions we are taking to reduce our environmental impacts.”

Shares of ICICI Bank Ltd (ADR) (NYSE:IBN) ended Monday session in green amid volatile trading. The shares closed up +0.13 points or 1.74% at $7.60 with 9.20 million shares getting traded. Post opening the session at $7.60, the shares hit an intraday low of $7.54 and an intraday high of $7.64 and the price vacillated in this range throughout the day. The company has a market cap of $22.53 billion and the numbers of outstanding shares have been calculated to be 5.82 billion shares.

ICICI Bank Ltd (ADR) (IBN) provides banking and financial services in India and internationally. It operates through Retail Banking, Wholesale Banking, Treasury, Other Banking, Life Insurance, General Insurance, and Others segments. The company offers savings, salary, pension, current, other accounts; and fixed, recurring, fixed, and security deposits. It also provides home, car, personal, gold, and commercial business loans, as well as loans against securities and other loans; business loans, such as cash credit/overdrafts for working capital requirement, export credit, term loans, letters of credit, and bank guarantees; and credit, debit, prepaid, travel, and corporate cards.

 

 

 

About Mary Jones

Mary Jones has been a columnist on financial. Because of having financial background, Mary Jones has been well known in his community regarding writing blogs on financial for many financial news sites and now it is our honor that Mary Jones started writing financial news for us recently.

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