Jpmorgan Chase Stock Price, News & Analysis

J.P. Morgan Real Estate Income Trust, Inc. (JPMREIT) has closed a $62.4 million mortgage loan for the acquisition of Satori West Ashley, a 297-unit multifamily property in Charleston, SC. This marks JPMREIT's second real estate debt investment, increasing its portfolio allocation to income-focused real estate debt to approximately 18%. The Class-A property, built in 2023, features high-end finishes and extensive amenities.

Doug Schwartz, Co-President of JPMREIT, expressed high conviction in the multifamily sector, particularly in markets with expected population growth and a decreasing construction pipeline. The transaction aims to generate strong risk-adjusted returns and demonstrates JPMREIT's ability to invest across the capital structure.

JPMorgan Chase Financial Company has announced the quarterly coupon for the Alerian MLP Index ETN (NYSE Arca: AMJB) due January 28, 2044. The key details are:

• Ticker: AMJB
• Declaration Date: Aug 22, 2024
• Ex-Date: Aug 28, 2024
• Record Date: Aug 28, 2024
• Payment Date: Sep 6, 2024
• Coupon Amount per Note: $0.4415
• Current Yield: 6.2%

The Notes are senior, unsecured obligations of JPMorgan Chase Financial Company , with payment fully guaranteed by JPMorgan Chase & Co. The current yield is based on the closing price as of August 20, 2024, and is not indicative of future coupon payments.

JPMorgan Chase & Co. (NYSE: JPM) has made an announcement regarding its preferred stock, with details available on the company's Investor Relations website. As of June 30, 2024, JPMorgan Chase had $4.1 trillion in assets and $341 billion in stockholders' equity. The firm is a leading financial services company based in the United States, with global operations.

JPMorgan Chase is a leader in investment banking, consumer and small business financial services, commercial banking, financial transaction processing, and asset management. Under the J.P. Morgan and Chase brands, the company serves millions of U.S. customers and prominent corporate, institutional, and government clients worldwide.

JPMorgan Chase (NYSE: JPM) has announced dividend declarations for its outstanding Series X and II preferred stock. As of June 30, 2024, the firm boasted $4.1 trillion in assets and $341 billion in stockholders' equity. JPMorgan Chase is a leading U.S.-based financial services firm with global operations, excelling in investment banking, consumer and small business financial services, commercial banking, financial transaction processing, and asset management. The company serves millions of customers in the U.S. and prominent clients worldwide under the J.P. Morgan and Chase brands.

J.P. Morgan Asset Management has unveiled SmartRetirement Lifetime Income, an innovative retirement income solution designed to simplify the saving and spending phases of retirement. This target date offering aims to reduce portfolio volatility near retirement and provide access to lifetime income payments through unaffiliated insurance companies.

Key features include:

• A stable value structure for income generation
• Transparency and flexibility for retirement savers
• Personalized retirement income strategy
• Support from multiple insurers, including Equitable and Prudential

The solution allows participants to save using familiar target date funds and transition to a personalized retirement income strategy. It's based on J.P. Morgan's proprietary data on participant savings and Chase's spending data across 66 million U.S. households.

J.P. Morgan Asset Management has appointed Travis Spence as Global Head of ETFs, effective immediately. Spence will lead ETF Product Development, Capital Markets, and the new ETF Insights teams, while continuing to head ETF distribution in EMEA. He reports to Jed Laskowitz, CIO and Global Head of Asset Management Solutions.

The firm aims to capitalize on the projected growth of ETFs, particularly active ETFs, which are expected to grow at twice the rate of the overall ETF industry. J.P. Morgan's global ETF platform has expanded to nearly $190 billion across more than 100 ETFs, making it the second-largest in active ETF AUM and eighth overall in ETF AUM.

Spence, a 20-year veteran at J.P. Morgan Asset Management, previously served as Head of EMEA ETF distribution and International Head of the Fixed Income Investment Specialist team. He will continue to be based in London.

JPMorgan Chase (NYSE: JPM) has announced that Daniel Pinto, President and Chief Operating Officer, will present at the Barclays Global Financial Services Conference on September 10, 2024 at 9:45 a.m. (Eastern). The event will take place at the Sheraton Times Square in New York City, with a live audio webcast available on the company's website.

JPMorgan Chase, a leading U.S.-based financial services firm, reported $4.1 trillion in assets and $341 billion in stockholders' equity as of June 30, 2024. The company is a leader in investment banking, consumer and small business financial services, commercial banking, financial transaction processing, and asset management. It serves millions of customers in the U.S. and prominent clients globally under the J.P. Morgan and Chase brands.

J.P. Morgan Asset Management (JPMAM) has launched the JPMorgan Fundamental Data Science (FDS) Suite on the Nasdaq Stock Exchange. This suite comprises three new active ETFs: JPMorgan Fundamental Data Science Large Core ETF (LCDS), Mid Core ETF (MCDS), and Small Core ETF (SCDS). These funds leverage advanced data science for portfolio construction, applying a sophisticated investment approach that combines data insights with fundamental research.

The FDS Suite aims to deliver outcomes that help clients reach their financial goals by integrating research, data insights, and risk management. The funds will be managed by co-portfolio managers Eric Moreau and Andrew R. Stern, both executive directors at JPMAM. Priced at 30, 35, and 40 basis points respectively, these ETFs are designed to be liquid, transparent, cost-effective, and tax-efficient investment vehicles.

J.P. Morgan Payments has expanded its partnership with PopID to deploy in-store biometric payments across the US. This pay-by-face solution allows for faster transactions, removing the need for phones or credit cards. Whataburger, already using PopID's biometric payments, plans to extend this service with J.P. Morgan Payments processing.

The system uses facial identification technology for secure customer identification and payment authentication. Customers enroll by taking a facial photo, which is encrypted and stored in PopID's cloud. During transactions, the stored template is matched for verification.

Benefits include decreased ordering and checkout times by up to 90 seconds per transaction and potential increased ticket size by 4%. The solution debuted at the FORMULA 1 CRYPTO.COM MIAMI GRAND PRIX in May 2024, with successful trials in 2023.