On Thursday, Shares of Bank of America Corporation (NYSE:BAC), lost -0.34% to $17.81.
Bank of America Corporation has pledged to enhance the company’s current environmental business initiative from $50 billion to $125 billion in low-carbon business by 2025 through lending, investing, capital raising, advisory services and developing financing solutions for clients around the world.
Today’s declaration will be highlighted at the White House’s American Business Act on Climate Pledge event, which recognizes corporations for their support of action to address climate change. The event will bring together executives from various industries as they pledge their support of a contract in advance of the climate change talks in Paris planned for later this year. The company is represented by Purna Saggurti, Bank of America Merrill Lynch chairman of Global Corporate and Investment Banking.
The company initiative and commitment focus on energy efficiency, renewable energy and transportation, in addition to addressing other important areas like water conservation, land use and waste. This expanded second commitment builds on the company’s initial environmental business initiative established in 2007 and fulfilled in 2013, four years ahead of plan.
Bank of America Corporation is a bank holding company. The company, through its auxiliaries, operates through Consumer and Business Banking; Consumer Real Estate Services; Global Wealth and Investment Administration; Global Banking; Global Markets; and Other segments.
Shares of PHH Corporation (NYSE:PHH), declined -32.42% to $16.28, during its last trading session, hitting its lowest level.
PHH Corporation declared financial results for the quarter ended June 30, 2015.
For the quarter ended June 30, 2015, the Company stated Net loss attributable to PHH Corporation of $62 million or $1.20 per basic share. Net loss from ongoing operations attributable to PHH Corporation for the quarter ended June 30, 2014, was $13 million or $0.23 per basic share.
For the quarter ended June 30, 2015, core loss (after-tax)* and core loss per share*, which exclude a $20 million pre-tax favorable market-related mortgage servicing rights (“MSR”) fair value adjustment, net of derivative losses related to MSRs, were $73 million and $1.43, respectively.
Tangible book value per share* was $25.03 at June 30, 2015, down 17% from $30.21 at December 31, 2014.
PHH Corporation, through its auxiliaries, provides outsourced mortgage banking services to financial institutions and real estate brokers in the United States. The company operates through two segments, Mortgage Production and Mortgage Servicing.
Finally, The Wendy’s Company (NASDAQ:WEN), ended its last trade with -1.48% loss, and closed at $9.96.
The Wendy’s Company declared the announcement of its regular quarterly cash dividend of $0.055 per share, payable on September 15, 2015, to shareholders of record as of September 1, 2015.
The approximate number of common shares outstanding as of July 27, 2015 was 290.3 million.
The Wendy’s Company, through its auxiliaries, owns and franchises Wendy’s restaurant system. The company is involved in operating, developing, and franchising a system of quick-service restaurants. As of May 26, 2015, its restaurant system comprised of about 6,500 franchised and company-operated restaurants worldwide.
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