Jpmorgan Chase Stock Price, News & Analysis

JPMorgan Chase (NYSE: JPM) has announced a quarterly dividend declaration for its common stock shareholders. The company, a leading financial services firm in the United States with global operations, reported $4.2 trillion in assets and $346 billion in stockholders' equity as of September 30, 2024.

The firm maintains leadership positions in investment banking, consumer and small business financial services, commercial banking, financial transaction processing, and asset management. Through its J.P. Morgan and Chase brands, it serves millions of U.S. customers and prominent corporate, institutional, and government clients worldwide.

J.P. Morgan Asset Management has appointed Aaron Mulvihill as executive director and global market strategist specializing in alternatives within their Market Insights team. Based in New York, Mulvihill will report to Gabriela Santos and focus on developing the firm's Guide to Alternatives publication and 'Alternative Realities' podcast.

Mulvihill joins from CRH, where he led infrastructure solutions teams and managed 25 manufacturing facilities. His experience includes M&A roles in Eastern Europe, operations leadership positions in multiple U.S. states, and early career experience at KPMG's transaction advisory team.

The appointment aims to strengthen J.P. Morgan's alternatives thought leadership, with their Guide to Alternatives reaching its 5th anniversary and the Guide to the Markets serving over 450,000 financial professionals quarterly.

J.P. Morgan Asset Management announced that institutional investors advised by its timber investment manager, Campbell Global, have acquired 40,800 acres of commercial timberland on the Olympic Peninsula in Washington state. The property, named Tyee, will be managed for both carbon capture and timber production.

The property features 100% Sustainable Forestry Initiative certification, over 360 miles of streams, 6,500 acres of riparian areas, diverse wildlife habitats, and approximately 20 million standing trees including Western Hemlock, Douglas Fir, and Sitka Spruce. The acquisition expands Campbell Global's presence in the Pacific Northwest, where they have over 40 years of experience.

J.P. Morgan Asset Management has announced plans to convert select U.S. mutual funds to ETFs in mid-2025, subject to board approval in February 2025. The conversion involves three funds with combined assets of approximately $6 billion: JPMorgan Mortgage Backed Securities Fund ($5,759M), JPMorgan U.S Applied Data Science Value Fund ($174M), and JPMorgan International Hedged Equity Fund ($181M). The conversion aims to provide investors with enhanced trading flexibility, increased portfolio transparency, and potential tax efficiency. J.P. Morgan Asset Management currently manages $160 billion in ETF assets, ranking second globally in active ETF AUM.

Chase Travel has unveiled its first annual '25 Trips to Take in 2025' list, showcasing top global destinations based on booking trends and expert insights. To celebrate, they're launching a 10 Million Points Giveaway, where ten eligible Chase cardmembers can win 1 million Ultimate Rewards points each through January 31, 2025.

Key trends include new nonstop flights to destinations like Marrakech and Greenland, luxury hotel openings in unexpected locations, and emerging European destinations like Antwerp and Warsaw. Chase Travel data shows a 36% increase in travel bookings for 2025, with Saturdays becoming the busiest travel days. Labor Day weekend remains the most popular travel period, and holiday season bookings are up 37% year-over-year.

Accenture (NYSE: ACN) has nominated two new directors to join its Board following the annual general meeting on February 6, 2025: Masahiko Uotani, chairman and CEO of Shiseido, and Jennifer Nason, Global Chair of Investment Banking at J.P. Morgan. Uotani brings expertise in consumer goods, marketing, and digital transformation, while Nason contributes extensive knowledge in banking, technology, and telecommunications from her 40-year career. If elected, Uotani will serve on the Finance Committee, and Nason will join both the Finance and Compensation, Culture & People Committees. The Board would comprise 11 directors following their addition.

J.P. Morgan has released its expanded NextList2025, featuring a comprehensive collection of must-see experiences and trending books. The list includes four museums, two wineries, four Broadway shows, ten books, and an Innovation Spotlight section. Notable selections include the Mercer Labs museum in New York, Kunstsilo in Norway, Broadway productions featuring Denzel Washington and Jake Gyllenhaal, and books from authors like Henry Kissinger and Tony Blair. The list was curated with input from J.P. Morgan client advisors worldwide, focusing on timely, high-quality selections with global appeal.

JPMorgan Chase Financial Company has announced the quarterly coupon payment for its Alerian MLP Index ETN (AMJB). The ETN will pay a coupon amount of $0.4502 per note with a current yield of 6.0%. The payment is scheduled for December 9, 2024, with an ex-date and record date of November 29, 2024. The notes, due January 28, 2044, are senior unsecured obligations of JPMorgan Chase Financial Company and are fully guaranteed by JPMorgan Chase & Co.

Southwest Airlines (NYSE: LUV) announces that its Rapid Rewards Premier and Priority Credit Cards, issued by Chase, have been ranked #1 and #2 respectively in Customer Satisfaction among Co-Branded Airline Credit Cards in the J.D. Power 2024 U.S. Credit Card Customer Satisfaction Study. The Premier Card led in Account Management, Benefits, Terms, and Rewards Redeeming, while the Priority Card topped Rewards Earning. The study, conducted between June 2023-2024, surveyed 38,852 credit card customers. The cards offer benefits including unlimited Rapid Rewards points, double points on select purchases, and points counting toward Companion Pass qualification.