Jpmorgan Chase Stock Price, News & Analysis

Dynasty Financial Partners has successfully closed a minority capital raise to fuel its ongoing growth. The round was supported by long-standing investors, Board members, and strategic investors including The Charles Schwab , BlackRock, and J.P. Morgan Asset Management. All proceeds will be invested in enhancing Dynasty's platform to better serve its clients.

CEO Shirl Penney expressed excitement about the investment, which will enable significant improvements in technology, talent, and capabilities. The company's network consists of 58 partner firms representing over 400 advisors with over $100 billion in platform assets. Dynasty also has a $50 million unused credit facility from major banks for additional growth capital.

Chairman Harvey Golub highlighted the significance of backing from major financial institutions, viewing it as a testament to the growth of the RIA space and Dynasty's role in driving positive industry change.

J.P. Morgan Asset Management has announced an enhancement to its Morgan Money platform through a strategic partnership with GLMX, a global money market trading platform. This collaboration will provide Morgan Money clients with expanded access to diverse asset classes and a broader range of short-term investment options.

Key highlights:

• Integration of GLMX's advanced money market trading technology directly on Morgan Money
• Access to a comprehensive suite of money market instruments, including money market funds, repurchase agreements, time deposits, CDs, CP, and government securities
• Morgan Money platform has $313 billion in AUM as of 6/30/2024
• Designed to offer robust short-term investment management solutions for institutional investors
• Focuses on enhancing investment capabilities and operational efficiency

JPMorgan Chase announced that Al Moffitt, Global Treasurer, will present at the BancAnalysts Association of Boston Conference on November 7, 2024 at 9:40 a.m. (Eastern). The event will take place at the Langham Hotel in Boston, with a live audio webcast available on the company's website.

As of June 30, 2024, JPMorgan Chase had $4.1 trillion in assets and $341 billion in stockholders' equity. The firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. Under the J.P. Morgan and Chase brands, it serves millions of customers in the U.S. and prominent clients globally.

The Nasdaq Entrepreneurial Center has released new research from its Venture Equity Project (VEP), supported by JPMorganChase and Nasdaq. The study focuses on advancing equity in entrepreneurship and highlighting successful programs that catalyze funding for underrepresented entrepreneurs. The research evaluated how each U.S. state shapes opportunities for Black, Hispanic, and Women founders.

Key findings include the top 5 states advancing equity for each group of entrepreneurs. The study also identified seven Equity Innovation Leaders states: Florida, Georgia, Illinois, Maryland, Michigan, North Carolina, and Texas. Three standout states—Florida, Texas, and Georgia—are scoring high for entrepreneurship success equity and emerging as up-and-coming ecosystems.

The research suggests that areas with higher rates of underrepresented business success attract more venture capital to those underrepresented businesses. The complete findings from the Venture Equity Project can be found on the Nasdaq Entrepreneurial Center's website.

JPMorgan Chase (NYSE: JPM) has announced its upcoming Investor Day scheduled for Monday, May 19, 2025, in New York City. The event will feature presentations from executive management and will be accessible via a live audio webcast with presentation slides available on the company's 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, offering services 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 Marriott Bonvoy Bold® Credit Card from Chase has launched the Bold Chat Court contest, offering a total of 5 million Marriott Bonvoy® points to 10 travelers (500,000 points each) to help them turn group chat travel plans into reality. In partnership with Halle Bailey, the contest runs from Sept. 26 to Oct. 30, 2024. Participants can enter by creating an Instagram Reel describing their trip and submitting it at Chase.com/BoldChatCourt.

The contest coincides with new enhanced benefits for the Marriott Bonvoy Bold Card, including increased point earnings on everyday spending categories and a Travel Now, Pay Later feature. New cardmembers can earn 60,000 bonus points and one Free Night Award after spending $2,000 in the first three months. The card offers various travel protections and benefits with no annual fee.

J.P. Morgan Asset Management has launched a new active exchange-traded fund (ETF), the JPMorgan Dividend Leaders ETF (JDIV), on the NYSE Arca. The fund aims to provide long-term capital growth and current income by investing in dividend-paying equity securities of companies in global developed and emerging markets. JDIV will invest at least 80% of its assets in companies that the adviser believes are leaders in growing or maintaining high dividend payouts relative to the MSCI ACWI Index.

The fund is managed by experienced portfolio managers Sam Witherow, Helge Skibeli, and Michael Rossi. It is benchmarked against the MSCI ACWI Index and priced at 47 basis points. J.P. Morgan Asset Management currently ranks second in active ETF AUM and eighth overall.

The Delaware Equitable Hiring Initiative (DE EHI) has been launched by the Responsible Business Initiative for Justice (RBIJ) and JPMorganChase to address labor shortages in Wilmington, Delaware. This multi-year pilot project aims to connect 'hidden workers' from underserved communities with quality job opportunities. The initiative focuses on ZIP codes 19801, 19802, and 19805, targeting diverse groups including caregivers, veterans, immigrants, and justice-impacted individuals.

The project will provide participating employers with personalized technical assistance, industry expert connections, and peer-to-peer learning opportunities to improve their hiring processes. The Delaware Transit and the Delaware Department of Human Resources have joined as the first partner employers, demonstrating the initiative's potential to positively impact Wilmington families and the local economy.

J.P. Morgan Wealth Management's 2024 Diverse Investor Study reveals that Black, Hispanic and Latina women are more likely to be new investors, with 51% of Hispanic and Latina women and 46% of Black women starting to invest outside of employer-sponsored plans in the last five years. The study highlights that creating generational wealth is a top priority for these groups, with 74% of Hispanic and Latina women and 69% of Black women citing it as a motivation to invest.

The survey also found that younger Black, Hispanic and Latino investors take a more hands-on approach to investing compared to older generations. Additionally, investors with a financial plan reported better financial health and were more likely to discuss finances with their children. The study, which surveyed 1,000 investors with at least $25,000 in investable assets, also noted that while 55% of women are confident about their investment knowledge, 77% describe their investment strategy as risk-averse.