Shares of JPMorgan Chase & Co. (NYSE:JPM) ended Thursday session in red amid volatile trading. The shares closed down -0.29 points or -0.43% at $67.21 with 12.23 million shares getting traded. Post opening the session at $67.64, the shares hit an intraday low of $66.65 and an intraday high of $67.72 and the price vacillated in this range throughout the day. The company has a market cap of $242.76 billion and the numbers of outstanding shares have been calculated to be 3.61 billion shares.
On August 30, 2016 JPMorgan Chase & Co. will donate up to $200,000 from the firm and its employees to support earthquake relief efforts in Italy, the firm announced. The grant and employee donations will go to the Italian Red Cross.
“We stand shoulder to shoulder with the Italian communities that have suffered significant loss of life and devastating damage,” said Guido Nola, Senior Country Officer for Italy, J.P. Morgan, which has about 160 employees in the country. “J.P. Morgan has a 100 year history in Italy, and we are deeply committed to supporting the Italian Red Cross’ relief efforts in this dramatic moment for the regions hit by the earthquake and the whole country.”
In addition to a $100,000 grant, JPMorgan Chase’s special employee giving campaign will match employee donations dollar-for-dollar up to $50,000, for a total of up to $100,000, to the Italian Red Cross.
The Italian Red Cross will use the funding to support search and rescue teams and establish mobile kitchens for people forced to leave their homes.
Shares of Charles Schwab Corp (NYSE:SCHW) ended Thursday session in red amid volatile trading. The shares closed down -0.48 points or -1.53% at $30.98 with 8.28 million shares getting traded. Post opening the session at $31.64, the shares hit an intraday low of $30.63 and an intraday high of $31.85 and the price vacillated in this range throughout the day. The company has a market cap of $40.79 billion and the numbers of outstanding shares have been calculated to be 1.32 billion shares.
On August 25, 2016 Charles Schwab Investment Management (CSIM), a leader in both target date funds (TDFs) and exchange-traded funds (ETFs), announced the launch of Schwab Target Index Funds – a new series of index-based target date mutual funds constructed with low-cost Schwab ETFs™ as underlying investments. The new funds are the lowest-cost target date mutual funds available to employer-sponsored retirement plans, with an across-the-board expense ratio of just eight basis points (0.08%) and no minimum investment requirements regardless of plan size1. Until now, receiving the most competitive pricing on target date funds could require a $100 million minimum investment or more from retirement plans.
Outside of retirement plans, Schwab Target Index Funds are also among the lowest-cost target date mutual funds available to individual investors at 13 basis points (0.13%) with only a $100 minimum investment1.
The new series includes funds with target retirement dates between 2010 and 2060 in five-year increments. A complete list of Schwab target date mutual funds, including the new funds and their ticker symbols.
Schwab Target Index Funds are an important addition to Schwab’s well-established TDF suite, first launched in 2002, which includes mutual funds and collective trust funds, open architecture construction and active and passive strategies.