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JPMorgan Chase & Co (JPM.N)

JPM.N on New York Stock Exchange

87.00USD
28 Apr 2017
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Latest Key Developments (Source: Significant Developments)

Navient will acquire about $6.9 bln in education loan assets from JPMorgan Chase
Tuesday, 18 Apr 2017 04:18pm EDT 

April 18 (Reuters) - Jpmorgan Chase & Co ::Navient will acquire approximately $6.9 billion in education loan assets from JPMorgan Chase.Navient Corp says transaction is expected to be accretive to navient in 2017.Navient Corp - portfolio is comprised of approximately $3.7 billion in federally guaranteed student loans.Navient Corp- navient anticipates converting loans to its servicing platforms in future.  Full Article

JPMorgan Chase reports Q1 earnings of $1.65 per share
Thursday, 13 Apr 2017 06:55am EDT 

JPMorgan Chase & Co : JPMorgan Chase reports first-quarter 2017 net income of $6.4 billion, or $1.65 per share . Q1 ROTCE 13 percent versus 14 percent in Q4 . Q1 average core loans up 9 percent . Qtrly tangible book value per share of $52.04, up 6% . Qtrly net revenue was $25.6 billion, up 6%. . Qtrly provision for credit losses was $1.3 billion, down from $1.8 billion . Q1 consumer & business banking average deposits $623 billion, up 11% . Q1 adjusted expense of $14.8 billion versus $13.6 billion in Q4 . Quarter-end Basel III common equity tier 1 ratio 12.4 percent versus 12.2 percent in Q4 . Q1 adjusted overhead ratio 58 percent versus 56 percent in Q4 . Qtrly mortgage banking net revenue was $1.5 billion, down 18% . JPMorgan's Dimon says "U.S. consumers and businesses are healthy overall" . First-quarter results included a tax benefit of $373 million . JPMorgan's Dimon - "with pro-growth initiatives and improving collaboration between government and business, the U.S. economy can continue to improve" . At Q1-end, assets under management were $1.8 trillion, up 10% .Q1 earnings per share view $1.52, revenue view $24.88 billion -- Thomson Reuters I/B/E/S.  Full Article

JPMorgan sees 2017 firmwide net interest income up about $4.5 bln
Thursday, 13 Apr 2017 06:47am EDT 

JPMorgan Chase & Co : Quarterly firm NII up $720 million YoY and up $328 million QoQ with NIM up 11 bps QoQ . Q1 fixed income markets revenue $4.2 billion, up 17% YoY . Expect firmwide Q2 net interest income to be up about $400 million QoQ . Expect firmwide 2017 net interest income to be up about $4.5 billion YoY based upon the implied curve . Sees firmwide 2017 adjusted expense to be about $58 billion .Expect firmwide 2017 net charge-offs to be $5 billion (+/-).  Full Article

JPMorgan CEO Dimon's annual letter excerpts
Tuesday, 4 Apr 2017 12:28pm EDT 

JPMorgan Chase & Co : JPMORGAN CEO DIMON SEE GEOPOLITICAL RISKS IN 'HEIGHTENED STATE' - ANNUAL LETTER . JPMORGAN CEO DIMON SAYS PREPARING FOR A HARD BREXIT, WOULD BE IRRESPONSIBLE TO PRESUME OTHERWISE- ANNUAL LETTER . JPMORGAN CEO DIMON EXPECTS 'CONSTANT PRESSURE' FROM EU NOT TO 'OUTSOURCE' SERVICES TO THE UK POST BREXIT- ANNUAL LETTER . JPMORGAN CEO DIMON SAYS 'POORLY CONCEIVED ANTI-TRADE POLICIES' COULD BE DISRUPTIVE - ANNUAL LETTER . JPMORGAN CEO DIMON EXPECTS 'CLEAR, IDENTIFIABLE PROBLEMS' WITH NAFTA WILL BE WORKED OUT IN FAIR AND BENEFICIAL MANNER FOR U.S. AND MEXICO - ANNUAL LETTER . JPMORGAN CEO DIMON SAYS TRADE ISSUES WITH CHINA MORE COMPLEX BUT NO 'INEVITABLE OR COMPELLING' REASON FOR U.S. AND CHINA TO CLASH - ANNUAL LETTER Link to source document: https://www.jpmorganchase.com/corporate/investor-relations/document/ar2016-ceolettershareholders.pdf Further company coverage: [JPM.N] (Reporting by Dan Burns) ((Daniel.Burns@thomsonreuters.com;)).  Full Article

Chase Merchant Services names new leader for Canada busines
Wednesday, 22 Mar 2017 04:42pm EDT 

JPMorgan Chase & Co : Chase Merchant Services - Rob Cameron has been named president of Chase Paymentech, Canadian division of merchant services at JPMorgan Chase & Co .Chase Merchant Services - Cameron joins chase from Moneris Solutions.  Full Article

JPMorgan Chase declares common stock dividend
Tuesday, 21 Mar 2017 04:19pm EDT 

JPMorgan Chase & Co - : JPMorgan chase declares common stock dividend .Declared quarterly dividend of 50 cents per share, an increase from the prior quarterly dividend of 48 cents per share.  Full Article

JPMorgan Chase declares preferred stock dividend
Wednesday, 15 Mar 2017 04:16pm EDT 

Jpmorgan Chase & Co : JPmorgan Chase declares preferred stock dividend .Says declared a dividend on outstanding shares of firm's series I, Q, U and Z preferred stock.  Full Article

JPMorgan Chase to acquire MCX "FinTech" payments technology for Chase Pay
Friday, 10 Mar 2017 04:04pm EST 

Jpmorgan Chase & Co : JPMorgan Chase to acquire MCX "Fintech" payments technology for Chase Pay .Transaction is expected to close in coming weeks.  Full Article

Valeria Strappa joins Chase Merchant Services as chief administrative officer
Friday, 3 Mar 2017 10:46am EST 

Chase Merchant Services : Valeria strappa joins chase merchant services as chief administrative officer .Chase merchant services - strappa joins chase from citi latin america, where she was client management and strategy head for institutional clients group.  Full Article

JPMorgan estimates possible legal costs in excess of reserves were $3 bln at year-end
Tuesday, 28 Feb 2017 07:42pm EST 

Jpmorgan Chase & Co : JPMorgan Chase - in 2017, assuming no change in interest rates since Dec 31, co expects net interest income could be about $3 billion higher than in 2016 - SEC filing . JPMorgan Chase - management expects average core loan growth of approximately 10% in 2017 - SEC filing .Estimates possible legal costs in excess of reserves were $3 billion at year-end, down from $3.1 billion in September.  Full Article

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JPMorgan Chase & Co leaves blockchain consortium R3

NEW YORK JPMorgan Chase & Co has left the mammoth bank blockchain consortium led by New York-based startup R3 CEV, the latest member to depart over the course of the company's fundraising process, R3 confirmed on Thursday.