On Tuesday, in the course of Afternoon trade, Shares of JPMorgan Chase & Co. (NYSE:JPM), dropped -0.15%, and is now trading at $68.43.
Chase, declared it will join Techstars in supporting entrepreneur communities in Detroit and six other American cities through Startup Week powered by Chase, a community-led celebration of entrepreneurs.
“A city’s level of entrepreneurship can be a good indicator of its long-term economic success,” said JPMorgan Chase Chairman and CEO James Dimon. “I have no doubt Detroit Startup Week will quickly become the annual event to spotlight the resurgence of entrepreneurial activity - something I see every time I visit. Visionary entrepreneurs built Detroit, and recently’s enterprising community is central to its comeback.”
JPMorgan Chase & Co. provides various financial services worldwide. The company operates through four segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset Administration.
During an Afternoon trade, Shares of BB&T Corporation (NYSE:BBT), climbed 0.82%, and is now trading at $40.67.
BB&T Corporation, declared it has accomplished its acquisition of Susquehanna Bancshares, Inc. (SUSQ) effective Aug. 1, 2015. Susquehanna is now operating as a division of Branch Banking and Trust Company. The core banking systems conversion is predictable during the fourth quarter of 2015.
“We are happy to complete this planned transaction and excited to welcome our new shareholders, clients and associates as we continue moving forward with the smooth integration of these two companies,” said Chairman and Chief Executive Officer Kelly S. King. “As we move toward systems conversion, our clients can continue to expect the same award-winning client service from the same friendly faces at Susquehanna Bank.”
BB&T Corporation operates as a financial holding company that provides various banking and trust services for retail and commercial clients. It operates in six segments: Community Banking, Residential Mortgage Banking, Dealer Financial Services, Specialized Lending, Insurance Services, and Financial Services.
Finally, PPL Corp (NYSE:PPL), lost -0.97% Tuesday.
PPL Corporation, on Monday (8/3) stated a second-quarter 2015 loss of $757 million, or $1.13 per share. The loss from suspended operations comprised of an $879 million loss reflecting the fair value of the supply business at the time of the spinoff contrast to the recorded value of that segment. For the second quarter of 2014, the company’s stated earnings were $229 million, or $0.34 per share.
The stated loss for the first six months of 2015 was $110 million, or $0.17 per share, which comprises a loss from suspended operations of $912 million, or $1.36 per share. The company’s stated earnings for the first half of 2014 were $545 million, or $0.83 per share.
PPL Corporation, a utility company, delivers electricity and natural gas in the United States and the United Kingdom. It serves 321,000 natural gas and 397,000 electric customers in Louisville and 16 surrounding counties; and 543,000 customers in 77 Kentucky counties and 5 counties in Virginia.
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