On Friday, Shares of Apple Inc. (NASDAQ:AAPL), gained 0.73% to $110.38.
Apple Chief Executive Officer Tim Cook has called 2015 the “year of Apple Pay.” So far it’s been underwhelming, according to Bloomberg.
The mobile-payments system, which marks its one-year anniversary this month, has failed to catch on with consumers, accounting for only 1 percent of all retail transactions in the U.S., according to researcher Aite Group. The service — which allows users to pay for purchases by tapping their iPhone, iPad or Apple Watch on a device at cash registers — has suffered from a lack of promotion and limited number of terminals available in stores. Plus Apple Pay is only available on newer iPhones. Bloomberg Reports
“People don’t know why it is they’d use Apple Pay,” said Jared Schrieber, CEO of InfoScout, a shopper-research firm. “They are satisfied with the current methods and they don’t know how Apple Pay works.”
Apple Inc. (Apple) designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications.
Shares of JPMorgan Chase & Co. (NYSE:JPM), declined -0.87% to $60.85, during its last trading session.
JPMorgan Chase & Co., declared that in accordance with the terms of the outstanding warrants to purchase common stock of JPMorgan Chase (NYSE: JPM/WS), the warrant Exercise Price will be reduced to $42.284 per share from $42.325 per share, effective as of the close of business on October 6, 2015.
This adjustment resulted from the declaration by the Board of Directors of JPMorgan Chase on September 15, 2015 of a quarterly dividend of $0.44 per share on the outstanding shares of the Firm’s common stock. The dividend is payable on October 31, 2015, to stockholders of record at the close of business on October 6, 2015. This dividend declaration did not result in a change in the Warrant Share Number.
JPMorgan Chase & Co. is a financial holding company. The Company is engaged in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management. JPMorgan Chase’s activities are organized into four business segments.
Shares of Ambev SA (ADR) (NYSE:ABEV), inclined 3.25% to $5.09, during its last trading session.
Ambev, has been assigned an average rating of “Hold” from the eight analysts that are presently covering the firm, ARN reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $6.05.
Ambev SA, known as Inbev Participacoes Societarias SA, is a Brazil-based company engaged in the brewers sector. Ambev produces, distributes and sell beer, carbonated soft drinks (CSDs) and other non-alcoholic and non-carbonated products across the Americas.
Finally, BB&T Corporation (NYSE:BBT), ended its last trade with 0.34% gain, and closed at $35.75.
CRC Insurance Services Inc., (CRC) a wholesale insurance partner of BB&T Corporation’s principal partner Branch Banking and Trust Company, declared recently a contract to acquire Connecticut Underwriters, Inc. (CUI). Terms were not revealed.
“Connecticut Underwriters is an excellent company that is highly regarded within the industry. We are eager to start working with them to achieve planned geographic aims,” said John Howard, vice chairman and CEO of the Wholesale and Specialty division of BB&T Insurance Holdings. Howard was recently named chairman and CEO of BB&T Insurance Holdings Inc. effective Jan. 1, 2016.
CRC, with more than $4.3 billion in casualty, property and professional premiums during 2014, is the second largest wholesale property and casualty insurance broker in the United States. Founded in 1982, CRC has 46 offices throughout the country.
BB&T Corporation (BB&T) is a financial holding company. The Company conducts its business operations primarily through its bank subsidiary, Branch Bank, and other nonbank subsidiaries.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties, which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified with such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should/might occur.
