Jpmorgan Chase Stock Price, News & Analysis

JPMorgan Chase & Co. (NYSE: JPM) has filed its Quarterly Report on Form 10-Q for the quarter ended June 30, 2024, with the SEC. The report is available on the SEC's website and the Firm'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 U.S. with global operations, serving millions of customers under the J.P. Morgan and Chase brands. JPMorgan Chase is a leader in investment banking, consumer and small business financial services, commercial banking, financial transaction processing, and asset management.

Chase and DoorDash have expanded their partnership, offering new grocery benefits for Chase Sapphire and other consumer branded cards. The deal extends DashPass membership for eligible Chase cardmembers through 2027 and introduces recurring grocery and convenience benefits. Key features include:

- Sapphire Reserve cardmembers receive two $10 off promos monthly for grocery, convenience, or non-restaurant orders.
- Sapphire Preferred cardmembers get one $10 off promo monthly for similar orders.
- Freedom and Slate cardmembers receive one $10 off promo quarterly for such orders.
- DashPass membership extended or newly offered to various Chase cardholders.

This partnership aims to provide Chase customers with enhanced convenience and savings on DoorDash's platform, which includes over 150,000 grocery, convenience, and non-restaurant stores.

The JPMorganChase Institute has released new research on Americans' financial resilience, analyzing data from 5.9 million households. Key findings include:

• 92% of households can cover a $400 unexpected expense
• 77% of lowest income quartile households can manage such expenses
• Credit access is important for financial resilience
• 43% of low-income households unable to cover small unexpected expenses might do so with more credit
• Asian and White households are 10 percentage points more likely than Black and Hispanic households to cover a $400 shock using available cash

The study provides a more comprehensive view of household financial health than previous survey-based reports, highlighting the importance of various liquidity sources in managing unexpected expenses.

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 reported $4.1 trillion in assets and $341 billion in stockholders' equity. The firm is a leading financial services provider in the United States, with global operations spanning 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 numerous prominent corporate, institutional, and government clients worldwide. This announcement highlights JPMorgan Chase's continued focus on managing its capital structure and providing information to investors.

J.P. Morgan Asset Management's 2024 Defined Contribution (DC) Plan Participant Survey reveals growing demand for improved retirement income support among plan participants. Key findings include:

• Nearly 80% worry about securing lifetime retirement income
• 90% find financial wellness programs valuable
• 39% lack basic emergency savings, up from 27% in 2021
• 75% desire professional advice on investment decisions
• 63% acknowledge not saving enough for retirement
• 90% express interest in in-plan solutions providing guaranteed income

The survey highlights generational differences and explores views on savings, advice, plan design, and retirement income. SECURE 2.0 provisions, such as employer-sponsored emergency savings and student loan matching, are appealing to participants. Plan sponsors are encouraged to consider offering financial wellness support, professional guidance, and retirement income solutions to enhance participant experiences and outcomes.

J.P. Morgan Asset Management has appointed Josh Myerberg as Managing Director and Head of Portfolio Strategy for Core and Core Plus Real Estate Americas investment platforms. Myerberg, transitioning from Morgan Stanley, will report to Chad Tredway, Head of Real Estate Americas, starting late August. This strategic hire aims to accelerate J.P. Morgan's real estate growth and expand its flagship business with a 60-year legacy.

In his new role, Myerberg will lead portfolio strategy, oversee core and core plus real estate teams, and manage various property strategies. With two decades of experience, including his role as CIO and Deputy Portfolio Manager at Morgan Stanley's largest core real estate fund, Myerberg brings valuable expertise to J.P. Morgan's $90 billion asset value real estate franchise.

JPMorganChase has announced a $6 million philanthropic commitment and joint policy recommendations to support expanded affordable homeownership opportunities in Latino communities across the United States. This initiative, in partnership with UnidosUS, aims to address the significant homeownership gap between Latino and White households, which currently stands at nearly 25%.

The commitment includes support for UnidosUS's HOME (Home Ownership Means Equity) initiative, which seeks to create 4 million new Latino homeowners by 2030. Key focus areas include creating a state-wide Latino homeownership blueprint in California, supporting Latino-focused research, and facilitating best practices exchange among UnidosUS affiliates.

Additionally, JPMorganChase has expanded its homebuyer grant from $5,000 to $7,500 in communities identified as majority-Black, Hispanic, or Latino. The firm has also released joint policy recommendations with UnidosUS to address barriers to homeownership, including expanding funding for affordable housing supply and reducing homeownership costs.

JPMorgan Chase & Co. (NYSE: JPM) has declared dividends on its outstanding preferred stock series DD, EE, GG, JJ, KK, LL, MM, and NN. As of June 30, 2024, JPMorganChase reported $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. JPMorganChase 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, it serves millions of U.S. customers and prominent corporate, institutional, and government clients worldwide.

JPMorgan Chase & Co. has announced its second-quarter 2024 financial results. The financial giant reported total assets of $4.1 trillion and stockholders’ equity of $341 billion as of June 30, 2024. The firm operates globally in investment banking, financial services for both consumers and businesses, commercial banking, financial transaction processing, and asset management. It serves millions of customers in the U.S. and has a substantial international presence, catering to corporate, institutional, and government clients. Detailed results can be found on JPMorgan Chase's Investor Relations website.