3 Financial Stock Stories To Start the Trading Week

The Blackstone Group (NYSE:BX): Current price $20.13

On Sunday, Blackstone announced the establishment of a $300 million endowed scholarship program in China for students from all over the world, calling it a rival to the Rhodes Scholarship. Blackstone founder Stephen A. Schwarzman said that he would give $100 million as a personal gift and raise an additional $200 million through which to endow the Schwarzman Scholars program at Tsinghua University in Beijing. Schwarzman and the University say that it will constitute the biggest philanthropic gift with foreign money in that country’s history.

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BX

JPMorgan Chase & Co. (NYSE:JPM): Current price $47.22

The Wall Street bank is marketing $500 million worth of commercial-mortgage bonds, capping what may turn out to become the busiest month in the $550 billion market in over five years. JPMorgan intends to issue securities connected with 82 properties across the United Sattes from California to Kentucky, according to a knowledgeable source, who explained that hotel loans comprise 64.2 percent of the deal. In April, issuance of bonds linked with commercial real estate is poised to top the $8.3 billion sold in January, which then represented the highest monthly volume since December 2007, said the company.

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JPM

Wells Fargo & Company (NYSE:WFC): Current price $36.73

Wells Fargo on Monday announced the 64 nonprofit recipients of its 2013 Environmental Solutions for Communities grant program. Philanthropic grants amounting to over $3 million will be distributed to community-based nonprofits in support of land and water conservation, infrastructure, energy efficiency, and educational outreach in communities in which customers and team members live and are employed. The grant program started last year as part of Wells Fargo’s commitment to provide $100 million to environmentally-focused nonprofits and universities by 2020, and is funded by the Wells Fargo Foundation and administered by the National Fish and Wildlife Foundation  through a $15 million, five-year relationship through which to advocate nationwide environmental stewardship.

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WFC

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