On Tuesday, Shares of JPMorgan Chase & Co. (NYSE:JPM), subtract -0.48% and closed at $68.31 in the last trading session. The last trading range of the stock ranges between $67.93 and $68.82. The company’s Market capitalization is $248.65 Billion with the total Outstanding Shares of 3.61 billion. During the 52-week trading session the minimum price at which share price traded, registered at $52.50 and reached to max level of $69.06. JPMorgan Chase & Co. and LiftFund recently declared a new effort to increase access to capital for underserved minority and women-owned small businesses in the southern United States. Specifically, JPMorgan Chase is providing $4.6 million to the new LiftUP loan program, which will provide small businesses in Dallas, Houston, Austin, San Antonio, New Orleans and Atlanta faster access to affordable small business loans. Through its LiftUP loan, LiftFund will reduce the loan approval time for this type of loan from an average of 5 weeks to 4 days.
In 2011, JPMorgan Chase offered $5 million to the organization – then called Accion Texas – to increase its lending in Texas and Louisiana. That grant allowed the nonprofit to make more than 2,500 loans during the next three years, which assisted create or retain an estimated 5,000 jobs.
“For a small business owner, quicker access to capital remains one of the top concerns and I’m excited to declare that we have developed a program in response to this need,” Janie Barrera, LiftFund President and CEO said. “With JPMorgan Chase’s support, LiftFund will address an enormous barrier for underserved small businesses and, in turn, increase the potential for these businesses to grow, offer employment and generate more economic opportunity in our communities.”
Calpine Corporation (NYSE:CPN), dropped -1.44% and closed at $12.96 in the last trading session. The last trading range of the stock ranges between $12.90 and $13.13. During the 52-week trading session the minimum price at which share price traded, registered at $11.53 and reached to max level of $16.59. Calpine Corporation (CPN) declared recently that it has reached a contract to purchase Noble Americas Energy Solutions, LLC (NAES), the nation’s leading independent supplier of power to commercial and industrial retail customers, for a purchase price of $800 million plus an estimated $100 million of net working capital at closing. Calpine anticipates to recover about $200 million through collateral synergies and the runoff of attained legacy hedges, substantially within the first year, resulting in expected net cash deployed of about $700 million (counting working capital), or about five times NAES’ recent and expected run-rate Adjusted EBITDA.
“We are excited to be acquiring the best commercial and industrial direct energy sales platform in the U.S. The acquisition of this well-regarded organization known for providing sophisticated customers with highly customized products is a natural fit with Calpine’s customer-centric culture and will allow us to build upon the success we have practiced since our entry into retail last year through the Champion Energy platform,” said Thad Hill, Calpine’s President and Chief Executive Officer. “In addition to expanding our retail customer sales channels and product offerings, we will more than double the volume of retail load we are capable of serving across the country from our complementary wholesale power generation fleet.