This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Haiti Earthquake Aid Offered by U.S. Banks

"We believe it is our responsibility to do our part to support the relief effort," Bank of America's chief strategy and marketing officer, Anne Finucane, said. "Many of our associates, particularly in the South, have family and friends who were impacted by this disaster."

Bank of America is the biggest bank in the U.S., with headquarters in Charlotte, N.C., and extensive reach throughout the Southeast.

JPMorgan Chase (JPM - Get Report) pledged up to $1 million, with $250,000 going to urgent relief funds at the Red Cross and CARE. Another $500,000 toward longer-term recovery and rebuilding efforts, to be split among those two groups, as well as World Vision.

The bank encouraged employees to donate as well, saying it would match up to $250,000 from their commitments.

"Our deepest sympathies go out to the people of Haiti," said JPMorgan Chase CEO and Chairman Jamie Dimon.

Wells Fargo (WFC - Get Report) rounded out the six big banks, with a $100,000 contribution to the Red Cross. Among others on Wall Street to contribute support were Jefferies Group and Bill Ackman's Pershing Square hedge fund, both of which pledged $1 million in support. Jefferies (JEF) will also contribute all net trading commissions from Friday.

"Clients pay commissions every time they trade securities," Handler told Bloomberg. "The hope is that they will trade more than normal tomorrow." Deutsche Bank (DB) also said it will donate all of Friday's net agency equity trading commissions to relief efforts and match donations made by employees.

-- Written by Lauren Tara LaCapra in New York

2 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,672.60 -141.38 -0.79%
S&P 500 2,051.82 -11.33 -0.55%
NASDAQ 4,757.8790 +7.4820 0.16%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs