On Tuesday, Bank of America Corp (NYSE:BAC)’s shares inclined 0.62% to $17.08.
Bank of America Corporation recently declared the Board of Directors authorized a regular quarterly cash dividend of $18.125 per share on the 7.25 percent Non-Cumulative Perpetual Convertible Preferred Stock, Series L. The dividend is payable on February 1, 2016 to shareholders of record as of January 1, 2016.
The board authorized a regular quarterly cash dividend of $0.40625 per depositary share on the 6.50 percent Non-Cumulative Preferred Stock, Series Y. The dividend is payable on January 27, 2016 to shareholders of record as of January 1, 2016.
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.
JPMorgan Chase & Co. (NYSE:JPM )’s shares gained 0.27% to $65.72.
J.P. Morgan Asset Administration declared that its newest ETF, the JPMorgan Diversified Return Europe Equity ETF (JPEU), will officially start trading recently. Further expanding J.P. Morgan’s planned beta suite, JPEU is the fifth product offered since the launch in June 2014.
JPEU is designed to serve as the foundation of a developed Europe equity portfolio, combining portfolio construction with stock selection in an effort to produce higher returns with lower volatility than traditional market cap-weighted indices. Similar to its predecessors, the ETF seeks to diversify risk across sectors and build a portfolio that excludes expensive, low quality companies with weak momentum characteristics.
The ETF tracks the FTSE Developed Europe Diversified Factor Index, which is rebalanced on a quarterly basis and was thoughtfully constructed based on J.P. Morgan’s active insights and risk administration expertise. The fund is managed by an practiced J.P. Morgan team, with James Ford and Richard Morillot as co-managers. J.P. Morgan has been investing in European markets since 1964 and manages $37B in European equities.
“The European recovery provides a growth opportunity for long-term investors,” said Robert Deutsch, Global Head of ETFs for J.P. Morgan Asset Administration. “JPEU is constructed to allow investors to take part in the upside while also providing less volatility in down markets. We are happy to combine the investment expertise of J.P. Morgan with the index design capabilities of FTSE Russell, to create a product that will be attractive to investors looking for exposure to European markets, but are concerned with volatility.”
JPMorgan Chase & Co. is a financial services firm. The company operates through four segments: Consumer and Community Banking, Corporate and Investment Bank, Commercial Banking, and Asset Administration.
Hartford Financial Services Group Inc (NYSE:HIG)‘s shares surged 2.08% to $43.27. The last trading range of Hartford Financial Services Group Inc (NYSE:HIG) ranges between $42.43 and $43.30. The EPS of the company stands at $3.70. The 52-week range shows that the stock reached higher at $50.95 while its lower range is $38.65 in the last 52-weeks. The average volume of the company is at 2.63 million with the Outstanding Shares of 409.61 million. The market capitalization of the company is $17.37 billion. The Beta of the company stands at 1.74 with the RSI (Relative Strength Index) of 39.81.
The Hartford Financial Services Group, Inc., through its auxiliaries, provides insurance and financial services to individual and business customers primarily in the United States. The company’s Commercial Lines segment offers workers compensation, property, automobile, marine, umbrella, liability, and livestock coverages, in addition to customized insurance products and risk administration services, counting professional liability, bond, and specialty casualty coverages.
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