Shares of Bank of America Corp (NYSE:BAC) ended Thursday session in red amid volatile trading. The shares closed down -0.05 points or -0.32% at $15.60 with 75.61 million shares getting traded. Post opening the session at $15.69, the shares hit an intraday low of $15.50 and an intraday high of $15.71 and the price vacillated in this range throughout the day. The company has a market cap of $159.71 billion and the numbers of outstanding shares have been calculated to be 10.20 billion shares.
Bank of America Corp (BAC) on September 19, 2016 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.”
From 2010 to 2015, the company reduced its greenhouse gas emissions by 37 percent, primarily through implementing energy efficiency projects, consolidating space and leveraging a less carbon-intensive grid. To achieve carbon neutrality, the bank will continue to scale its energy efficiency and conservation efforts, purchase 100 percent renewable electricity, and utilize carbon offsets.
Shares of Wells Fargo & Co (NYSE:WFC) ended Thursday session in red amid volatile trading. The shares closed down -0.11 points or -0.24% at $45.72 with 36.96 million shares getting traded. Post opening the session at $45.83, the shares hit an intraday low of $45.37 and an intraday high of $46.12 and the price vacillated in this range throughout the day. The company has a market cap of $227.07 billion and the numbers of outstanding shares have been calculated to be 5.05 billion shares.
Wells Fargo & Co (WFC) on September 23, 2016 announced that it will donate $250,000 to support Unite Charlotte, a new community fund established in response to the recent unrest in Charlotte. The fund will be housed at United Way of Central Carolinas and will support programs and organizations focused on community healing, rebuilding trust and creating opportunities, including work being done by the Charlotte-Mecklenburg Opportunity Task Force. The task force has been in existence for two years and has been examining the barriers to upward mobility and job opportunities, as well as discrimination in Charlotte.
“We want to take what is a tragic situation and use this opportunity to have a different kind of dialogue, relying on what we’ve learned about institutional racism so that we can bring about true systemic change for our community,” said Dr. Ophelia Garmon-Brown, co-chair of the Opportunity Task Force.
“Wells Fargo is committed to being part of the solution in responding to issues Charlotte is facing,” said Kendall Alley, Wells Fargo’s Regional President for Charlotte. “We want to join the United Way and show our support for Foundation For The Carolinas and the Opportunity Task Force during this challenging time.”