On Monday, Shares of JPMorgan Chase & Co. (NYSE:JPM), added 0.78% and closed at $68.64 in the last trading session. The last trading range of the stock ranges between $68.23 and $69.06. The company’s Market capitalization is $248.80 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. Recently, the JPMorgan Chase Institute released its Local Consumer Commerce Index (LCCI) for June 2016, which showed that 14 of the 15 major US cities measured saw positive growth, with Houston being the exception. Atlanta practiced the fastest growth of all cities studied at 4.7 percent year-over-year. Overall consumer spending growth rebounded significantly to 1.7 percent in June after -3.5 percent growth in May 2016. The majority of the growth occurred at small businesses, which contributed 1.4 percentage points in June.
This report provides a timely view of how the following cities and surrounding metro areas are faring economically both individually and in aggregate: Atlanta, Chicago, Columbus, Dallas, Denver, Detroit, Houston, Miami, Los Angeles, New York, Phoenix, Portland (OR), San Diego, San Francisco and Seattle. By looking at actual financial transactions, the LCCI offers an ongoing, dynamic view of the health and vibrancy of the US consumer and the places where businesses operate.
“Consumer spending growth has risen again after a noteworthydecline in May,” said Diana Farrell, President and CEO of the JPMorgan Chase Institute. “Small businesses are the highlight of June’s growth, which is notable given their positive impact on local economies and employment.”
Fifth Third Bancorp (NASDAQ:FITB), DROPPED -0.05% and closed at $20.68 in the last trading session. The last trading range of the stock ranges between $20.64 and $20.87. The company’s Market capitalization is $15.81 Billion with the total Outstanding Shares of 766.37 Million. During the 52-week trading session the minimum price at which share price traded, registered at $13.84 and reached to max level of $21.14. It’s election season, and that means the campaigns and the rhetoric are heating up. But what does the election mean for shareholders, savers, business owners and retirees? That’s the question Fifth Third Bank (FITB) posed to investment industry experts during a recent roundtable negotiation of the differences between a Hillary Clinton and Donald Trump Presidency. In a five-part series released recently, the Bank and veteran financial reporter Nicole Lapin explore the major issues on the line this November– and what each could means for shareholders in the short- and long-term – it a five-part video series released recently.
The series includes analysis of what the 2016 presidential election means for retirement planning. Joe Gagnon, an economist at the Peterson Institute, is joined by Fifth Third Private Bank’s Melissa Register, senior wealth planner, and Jeff Korzenik, Chief Investment Strategist, in assessing how each candidate stacks up.
“The long-term solvency of Social Security, the one source of retirement income most Americans count on, has been called into question,” explains Register. “As a result, that formerly ironclad source of retirement income has begun to feature itself more prominently into political conversations.”