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Financial Stocks in Hub! JPMorgan Chase & Co. (JPM), Synchrony Financial (SYF)

Shares of JPMorgan Chase & Co. (NYSE:JPM) ended Friday session in green amid volatile trading. The shares closed up +0.94 points or 1.43% at $66.59 with 21,680,093 shares getting traded. Post opening the session at $66.08, the shares hit an intraday low of $66.08 and an intraday high of $67.06 and the price vacillated in this range throughout the day. The company has a market cap of $243.97 billion and the numbers of outstanding shares have been calculated to be 3.61 billion shares.

On September 29, 2016 Six early-stage companies from Oakland and Wayne counties will receive $375,000 in funding from the Innovation Fund Macomb Community College, Powered by JPMorgan Chase & Co. The unique initiative provides mentoring and capital to early-stage businesses, as well as learning opportunities for Macomb Community College’s students.

The Innovation Fund is a $2.7 million effort to stimulate economic development and job growth among promising Detroit-area entrepreneurs and next-stage companies with high-growth potential. Funding is provided by Macomb Community College’s Strategic Fund and JPMorgan Chase, as part of the company’s $100 million commitment to Detroit’s economic recovery.

Companies funded by the Innovation Fund are required to provide internships or learning experiences for Macomb Community College students. Students not only have the opportunity to develop valuable workplace skills, but gain first-hand exposure to entrepreneurship. More than 230 Macomb Community College students have benefited from the fund’s first year of operation.

“The Macomb Innovation Fund is about cultivating innovation, fostering entrepreneurship and creating jobs” said Dr. James Jacobs, president, Macomb Community College. “In a little over a year of administering the fund, we’ve already seen a great return in not only the progress of our portfolio of funded companies but also in the experiences and energy that these entrepreneurs are bringing to the real-world education of Macomb Community College students.”

Shares of Synchrony Financial (NYSE:SYF) ended Friday session in green amid volatile trading. The shares closed up +0.63 points or 2.30% at $28.00 with 7,039,764 shares getting traded. Post opening the session at $27.63, the shares hit an intraday low of $27.49 and an intraday high of $28.11 and the price vacillated in this range throughout the day. The company has a market cap of $23.89 billion and the numbers of outstanding shares have been calculated to be 833.93 million shares.

On September 29, 2016 Empowered with research, reviews and real-time discount information, shoppers making purchases of $500 or more are more decisive and deal-oriented than ever before, according to Synchrony Financial’s Fifth Annual Major Purchase Consumer Study.

More major purchase shoppers report starting and ending their shopping journey online this year and spending less time (63 days on average vs. 68 days in 2015) on the path to purchase than in the past. As part of this year’s study, Synchrony Financial (NYSE:SYF), a premier consumer financial services company with 80 years of heritage, explored shopping and spending preferences and the path to making a major purchase across 13 categories: appliances; automotive service and products; electronics; eyewear; fine jewelry; flooring; home improvement; furnishings; bedding and mattresses; lawn and garden; musical instruments; sewing; and sports and fitness equipment.

“Major purchase shoppers are seeking maximum value in minimal time, taking a multi-faceted approach to navigate information and narrow options,” said Bart Schaller, EVP and chief marketing officer, Synchrony Financial. “Although shoppers are more decisive, they remain cautious about spending and carefully consider where to buy based on deal, product and financing availability.”

 

 

 

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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