Jpmorgan Chase Stock Price, News & Analysis

The PGA of America has expanded its partnership with Chase Sapphire, designating it as the Official Credit Card for the PGA. This agreement enhances benefits for cardmembers, particularly at events like the PGA Championship and KPMG Women's PGA Championship. The PGA Championship will take place from May 15-21 at Oak Hill Country Club, offering exclusive access to the Sapphire Lounge for Reserve cardmembers. The KPMG Women's PGA Championship will run from June 21-25, providing similar benefits. Additionally, Chase Sapphire will present the PGA WORKS Collegiate Championship, a diversity initiative for student-athletes from minority-serving institutions, scheduled for May 8-10 in Birmingham, Alabama. This collaboration emphasizes Chase's commitment to customer service and unique experiences for cardmembers.

JPMorgan Chase & Co. (NYSE: JPM) announced updates regarding the replacement rate for certain outstanding floating rate and fixed-to-floating rate debt securities linked to U.S. dollar LIBOR ICE Swap Rates. Following the recommendation from the Alternative Reference Rates Committee (ARRC) in March 2021, the firm will replace USD LIBOR ISR with USD SOFR ISR, incorporating a 0.26161% per annum tenor spread adjustment. This change will impact payments calculated on such securities post June 30, 2023. The announcement specifically excludes securities governed by laws outside New York and those not settled through The Depository Trust Company. As of March 31, 2023, JPMorgan Chase holds $3.7 trillion in assets and $303 billion in stockholders’ equity.

J.P. Morgan Asset Management (JPMAM) has launched three new fixed income BetaBuilders ETFs: JPMorgan BetaBuilders U.S Treasury Bond 20+ Year ETF (BBLB), JPMorgan BetaBuilders U.S Treasury Bond 3-10 Year ETF (BBIB), and JPMorgan BetaBuilders U.S Treasury Bond 1-3 Year ETF (BBSB). These ETFs offer low-cost Beta-exposure and complement the existing BetaBuilders line-up, which now totals 51 products with more than $100 billion in assets under management. Each fund is priced at 7 basis points and aims to track specific ICE U.S. Treasury Bond Indices. J.P. Morgan ranks among the top ten ETF issuers in the U.S. with over $2.45 trillion in assets under management as of December 31, 2022. Bryon Lake, Global Head of ETF Solutions, emphasizes the efficiency and scale of JPMAM's offerings.

J.P. Morgan Growth Equity Partners has successfully closed its inaugural Growth Equity Fund, securing over $1 billion in capital commitments. The Fund received support from a diverse range of institutions, family offices, and individual investors from the Americas, Europe, and Asia. More than 80% of the capital is available for new investments in growth stage companies, particularly in software, fintech, real estate, and consumer technology. Managing Partner Christopher Dawe emphasized that the fundraising success occurred despite a challenging market environment. The Fund aims to assist portfolio companies in scaling and has already invested in notable names such as Plaid and Airtable. J.P. Morgan’s extensive resources are expected to benefit portfolio companies significantly.

JPMorgan Chase & Co. (NYSE: JPM) has announced the declaration of dividends on its Series DD, EE, GG, JJ, KK, LL, and MM preferred stock. As of March 31, 2023, the firm reported assets amounting to $3.7 trillion and stockholders' equity of $303 billion. The company is a prominent player in investment banking and financial services, catering to millions of consumers and many global corporate and institutional clients. Further details can be found on their Investor Relations website.

JPMorgan Chase & Co. (NYSE: JPM) has announced its financial results for the first quarter of 2023. As of March 31, 2023, the firm reported total assets of $3.7 trillion and stockholders’ equity of $303 billion. The firm continues to be a leader in various financial services including investment banking, commercial banking, and asset management. The detailed results can be accessed on the firm’s Investor Relations website.