Jpmorgan Chase Stock Price, News & Analysis

Chase and Instacart have launched the first-ever Instacart Mastercard credit card, offering unlimited cash back on groceries and everyday purchases. Cardmembers earn 5% cash back on Instacart purchases and travel via Chase, 2% on restaurants and gas, and 1% on other purchases. There’s no annual fee, and new users can receive a $200 credit and a year of free Instacart+. The card also provides various travel and purchase protections, making it attractive for frequent shoppers and travelers.

J.P. Morgan Global Alternatives has been re-appointed by the Florida State Board of Administration to manage a second tranche of the Florida Growth Fund. This initiative aims to develop a private equity portfolio focused on technology and growth ventures in Florida. The Fund, operating since 2009, has over $600 million invested in Florida-based funds and direct transactions. J.P. Morgan emphasizes the growth potential within Florida's economy, noting an increase in private equity sponsors in the state.

JPMorgan Chase (NYSE: JPM) has elected Alex Gorsky as a director, effective immediately. Gorsky, 62, is the Executive Chairman of Johnson & Johnson and previously served as its CEO from 2012 to 2021. His leadership significantly impacted the healthcare sector and innovation in emerging health technologies. Gorsky expressed enthusiasm about contributing to JPMorgan Chase, emphasizing the firm's role as a leader in the financial services industry. Jamie Dimon, Chairman and CEO of JPMorgan Chase, praised Gorsky's extensive experience and potential contributions.

JPMorgan Chase's Morgan Health invests $30 million in Centivo, a health plan provider for self-insured employers. This strategic investment aims to enhance affordable healthcare options amid rising costs for employees. Centivo's model has helped employers save 15-30% annually and reduced members' out-of-pocket costs to less than $350 annually. Morgan Health's investment supports Centivo's growth in response to increasing employer demand for high-quality health insurance options.

JPMorgan Chase & Co. (NYSE: JPM) has declared dividends for its Series DD, EE, GG, JJ, KK, LL & MM preferred stock. As of June 30, 2022, the firm reported assets of $3.8 trillion and stockholders’ equity of $286.1 billion. The firm continues to lead in various financial sectors, including investment banking and asset management, serving millions of customers in the U.S. and globally. For further details, visit the firm’s Investor Relations website.

JPMorgan Chase & Co. (NYSE: JPM) announced its second-quarter 2022 financial results, revealing significant assets of $3.8 trillion and $286.1 billion in stockholders’ equity as of June 30, 2022. The firm showcases its leadership across various sectors, including investment banking and asset management, while serving millions of customers globally. Details of the earnings report are accessible via the Firm's Investor Relations website.

StartOut and J.P. Morgan have announced the selection of ten companies for Cohort 10 of the StartOut Growth Lab. This program, aimed at supporting LGBTQ+ entrepreneurs, has previously helped 56 businesses raise over $756 million and create about 3,650 jobs. The program is designed to provide mentorship and resources for sustainable growth among its participants. J.P. Morgan continues to enhance its support for LGBTQ+ businesses as part of its broader commitment to fostering entrepreneurship in this community.

Chase has unveiled its Electric Vehicle (EV) Education Center, designed to assist consumers in learning about, finding, and financing electric and hybrid vehicles. The interactive website offers insights on costs, charging, battery range, and maintenance, catering to consumers and dealers alike. This initiative aligns with Chase's commitment to a sustainable economy, which includes piloting public fast-charging stations at bank branches. Since 2018, Chase has financed electric vehicles, including partnerships with Rivian and Fisker for consumer financing.

JPMorgan Chase & Co. (NYSE: JPM) will hold a conference call on July 14, 2022, at 8:30 a.m. (EDT) to discuss its second-quarter financial results. The results will be released at 7:00 a.m. (EDT). Investors can access the call by dialing 1 (866) 659 9159 in the U.S. or +1 (617) 399 5172 internationally, using passcode 26483228#. A replay will be available until July 28, 2022. As of March 31, 2022, JPMorgan Chase reported $4.0 trillion in assets and $285.9 billion in stockholders’ equity.