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JPMorgan Chase & Co (JPM.N)

JPM.N on New York Stock Exchange

94.12USD
25 Sep 2017
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Latest Key Developments (Source: Significant Developments)

JPMorgan Chase's COO decides to leave company
Thursday, 8 Jun 2017 02:34pm EDT 

June 8 (Reuters) - Jpmorgan Chase & Co ::Matthew E. Zames, Chief Operating Officer, has decided to leave the Co.Marianne Lake, CFO, will oversee chief investment office/treasury, office of regulatory affairs.Mary Erdoes, CEO of asset management, Doug Petno, CEO of commercial bank, will jointly oversee COO global operations unit.Corporate strategy and private investments will directly report to chairman and ceo, Jamie Dimon - SEC filing.Entered into an agreement with Zames providing for a ninety-day garden leave, non-competition through February 1, 2018.Agreement with Zames includes non-solicitation of clients for one year following garden leave.Agreement with Zames also includes non-solicitation/hire of employees for two years following garden leave.Zames is entitled to discretionary payment of $4.625 million on February 1, 2018, discretionary payment of $4.5 million on February 1, 2019.Zames also entitled to a post-garden leave payment of $900,000.  Full Article

JPMorgan reports January credit card charge-off rate 2.29 pct
Wednesday, 15 Feb 2017 06:37am EST 

JPMorgan Chase & Co - : Credit card charge-off rate 2.29 percent in january versus 2.25 percent in december - sec filing .Delinquency rate 1.19 percent at January end versus 1.17 percent percent at December end.  Full Article

Chase tops $1 trillion in processing volume for merchant clients in 2016
Monday, 12 Dec 2016 03:35pm EST 

Jpmorgan Chase & Co : Chase - Black friday 2016 had an increase of 12 percent in total transaction dollar volume, and cyber monday was 30 percent higher than last year .Chase says at 11:06 p.m. ET on Sunday, JPMorgan Chase crossed $1 trillion mark in year-to-date merchant processing volume.  Full Article

JPMorgan sees firmwide 2016 adjusted expense to be about $56 bln
Friday, 14 Oct 2016 07:00am EDT 

JPMorgan Chase & Co : Sees firmwide Q4 net interest income to be up modestly Q-o-Q on continued strength in loan growth . Sees firmwide 2016 adjusted expense to be about $56 billion with Q4 adjusted expense approximately flat Y-o-Y . Sees corporate & investment bank Q4 securities services revenue to be about $875 million, market dependent . Sees firmwide 2016 net charge-offs to be less than or equal to $4.75 billion, with Y-o-Y increase driven by both loan growth, oil & gas . Quarterly firm NII up $700 million Y-o-Y and $250 million Q-o-Q with NIM relatively flat Q-o-Q . Quarterly fixed income markets revenue of $4.3 billion, up 48 percent . In corporate & investment bank, expects Q4 securities services revenue to be about $875 million, market dependent Source: http://bit.ly/2doPbFG Further company coverage: [JPM.N] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

JPMorgan Chase Q3 earnings per share $1.58
Friday, 14 Oct 2016 06:43am EDT 

JPMorgan Chase & Co : JPMorgan Chase reports third-quarter 2016 net income of $6.3 billion, or $1.58 per share . Qtrly average core loans up 15 percent Y-O-Y and 2 percent Q-O-Q . Quarter-end Basel III common equity Tier 1 ratio 11.9 percent versus 11.9 percent at Q2-end . Qtrly return on tangible common equity 13 percent versus 13 percent in Q2 . Q3 tangible book value per share $51.23, up 8 percent . JPMorgan's Dimon says "we delivered strong results this quarter with each of our businesses performing well" . Qtrly JPMorgan Chase net revenue was $25.5 billion, up 8 percent . Q3 earnings per share view $1.39, revenue view $24.00 billion -- Thomson Reuters I/B/E/S . Q3 adjusted expense of $14.5 billion versus $14.1 billion in Q2 . Q3 adjusted overhead ratio 57 percent versus 56 percent in Q2 . In Consumer & Community Banking, quarterly mortgage banking net revenue was $1.9 billion, up 21 percent . Qtrly equity markets revenue was up 1 percent .Quarter-end assets under management were $1.8 trillion, up 4 pecrent.  Full Article

Jpmorgan chase reports 11.4 percent passive stake in Coty Inc
Thursday, 6 Oct 2016 03:44pm EDT 

Coty Inc :Reports 11.4 pct passive stake in Coty Inc as of Sept 30, 2016 - SEC filing.  Full Article

BRIEF-JP Morgan's Dimon says there is no reason that Deutsche Bank shouldn't get over its problems -CNBC
Monday, 3 Oct 2016 03:39pm EDT 

Corrects headline to add source.: JP Morgan's Jamie Dimon on Deutsche Bank - 'There is no reason that Deutsche Bank shouldn't get over its problems" - CNBC ((Bangalore.newsroom@thomsonreuters.com;)) Keywords: (CORRECTED).  Full Article

Walmart to process payments through Chasenet
Thursday, 22 Sep 2016 09:02am EDT 

JPMorgan Chase & Co : Chasenet offers businesses guaranteed, fixed-rate pricing for chase visa credit and debit payments for term of contract . Walmart to process payments through Chasenet .Expanded relationship with Walmart to process payments on Chasenet, at 5,000+ Walmart, Sam's Club locations in U.S., at Sam's Club ecommerce.  Full Article

JPMorgan Chase declares quarterly dividend of 48 cents/share
Tuesday, 20 Sep 2016 04:15pm EDT 

Jpmorgan Chase & Co: JPMorgan Chase declares common stock dividend .Declared a quarterly dividend of 48 cents per share on the outstanding shares of the common stock of JPMorgan Chase.  Full Article

JP Morgan Asset Mgmt obtains wholly foreign-owned asset management business license in Shanghai
Tuesday, 6 Sep 2016 01:34am EDT 

J.P. Morgan Asset Management said on Tuesday: It has obtained a business license approval from the Market Supervision Administration of China (Shanghai) Pilot Free Trade Zone to incorporate JPMorgan Asset Management (Shanghai) Ltd . Entity will be wholly-owned by J.P. Morgan in China . JPMAM is the first asset management company to be approved to establish an Asset Management Wholly Foreign-Owned Enterprise in Shanghai . JPMAM business scope includes asset management, investment management, investment consulting, and various other general consultancies . Reuters reported on Sept. 1 issuance of the business license, citing a notice on the website of the Shanghai Industry and Commerce Administration [nL3N1BD43U] Further company coverage: [JPM.N] (Reporting By Matthew Miller) ((matthew.miller1@thomsonreuters.com;)).  Full Article

BRIEF-Sprint says entered into a commitment letter with JP Morgan Chase, Goldman Sachs USA

* Sprint Corp says on Sept 20 entered into a commitment letter with JP Morgan Chase Bank, Goldman Sachs Bank USA, other commitment parties - sec filing