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JPMorgan Chase & Co (JPM.N)

JPM.N on New York Stock Exchange

86.86USD
23 Jun 2017
Change (% chg)

$-0.16 (-0.18%)
Prev Close
$87.02
Open
$87.54
Day's High
$88.00
Day's Low
$86.61
Volume
8,692,076
Avg. Vol
4,186,163
52-wk High
$93.98
52-wk Low
$57.05

Latest Key Developments (Source: Significant Developments)

JPMorgan expects 2017 firmwide net charge-off of about $5 bln
Tuesday, 28 Feb 2017 07:17am EST 

JPMorgan Chase & Co : Expect 2017 consumer reserve build of about $300 million - investor day slides . Expect 2017 wholesale modest reserve build across wholesale ex-energy . Sees 2017 Y-O-Y average core loan growth of about 10 percent . Says expect 2017 and medium-term net charge-off rates to remain relatively flat across businesses with exception of card and CIB . Says expects 2017 firmwide net charge-off of about $5 billion driven by loan growth . Sees medium-term ROTCE target of about 20 percent in consumer & community banking . Sees medium-term ROTCE target of about 14 percent in corporate & investment bank . Sees medium-term ROTCE target of about 15 percent for total firm . Says expects 2017 adjusted expense of about $58 billion . Says energy portfolio is "stable with no broad based deterioration expected" . Sees potential reserve releases in second half of 2017 to 2019 in its energy portfolio . Says "credit fundamentals remain strong across businesses and medium-term outlook remains relatively benign" . Sees investment banking revenue in Q1 in-line with Q4 .Sees total markets revenue in q1 to increase modestly Y-O-Y.  Full Article

JPMorgan set to be underwriter on Saudi Aramco IPO- FT, citing sources
Friday, 17 Feb 2017 12:57pm EST 

: JPMorgan set to be underwriter on Saudi Aramco IPO- FT, citing sources Source http://on.ft.com/2lT04oG ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Pfizer said to hire JPMorgan to weigh $2 bln portfolio sale - Bloomberg, citing sources
Thursday, 2 Feb 2017 12:27pm EST 

:Pfizer said to hire JPMorgan to weigh $2 billion portfolio sale - Bloomberg, citing sources.  Full Article

JPMorgan Chase says Kevin Watters to retire as CEO of Chase card services
Wednesday, 1 Feb 2017 05:11pm EST 

JPMorgan Chase & Co :JPMorgan Chase says Kevin Watters to retire as CEO of Chase card services, Jennifer Piepszak will replace him - internal memo.  Full Article

JPMorgan Chase says Todd Combs appointed to risk policy committee
Wednesday, 18 Jan 2017 05:00pm EST 

JPMorgan Chase & Co : JPMorgan Chase - board approved appointment, effective march 20, 2017, of Todd Combs to its risk policy committee and to its public responsibility committee . JPMorgan Chase - Todd Combs will replace Timothy Flynn on risk policy committee and Linda Bammann on public responsibility committee .JPMorgan Chase -Linda Bammann will become chair of risk policy committee; James Bell will become chair of audit committee; Timothy Flynn will join audit committee.  Full Article

JPMorgan to pay $55 mln to settle with U.S. over alleged discrimination-WSJ
Wednesday, 18 Jan 2017 10:27am EST 

:JPMorgan to pay $55 million to settle with U.S. Over alleged discrimination - WSJ, citing sources.  Full Article

JPMorgan Chase reports Q4 earnings of $1.71 per share
Friday, 13 Jan 2017 08:31am EST 

JPMorgan Chase & Co : Qtrly provision for credit losses was $864 million, down from $1.3 billion . Reports fourth-quarter 2016 net income of $6.7 billion, or $1.71 per share . Quarter-end Basel III common equity tier 1 ratio 12.2% versus 11.9% at Q3-end . Qtrly tangible book value per share $51.44, up 7% . Qtrly average core loans up 12% . Qtrly net revenue was $24.3 billion, up 2% . Q4 adjusted expense of $13.6 billion versus $14.5 billion in Q3 . Qtrly consumer & business banking average deposits of $607 billion, up 11% . Q4 adjusted overhead ratio 56 percent versus 57 percent in Q3 . Qtrly return on tangible common equity 14 percent versus 13 percent in Q3 . Q4 earnings per share view $1.44, revenue view $23.95 billion -- Thomson Reuters I/B/E/S . Qtrly equity markets revenue was up 8% . JPMorgan's Dimon says "the U.S. economy may be building momentum" . JPMorgan's Dimon says "looking ahead there is opportunity for good, rational and thoughtful policy decisions to be implemented, which would spur growth" .Quarter-End assets under management were $1.8 trillion, up 3%.  Full Article

JPMorgan China Region Fund Inc board to submit proposal for liquidation of fund to vote of stockholders
Friday, 30 Dec 2016 05:00pm EST 

JPMorgan China Region Fund Inc : JPMorgan China Region Fund Inc board to submit proposal for liquidation of fund to vote of stockholders .JPMorgan China Region Fund Inc says board is currently analyzing considerations regarding timing and format of this proposal.  Full Article

Swiss competition panel fines banks in Swiss franc LIBOR case
Wednesday, 21 Dec 2016 01:36am EST 

: Swiss Competition Commission (comco) says has closed its investigation related to the Swiss franc LIBOR benchmark with an amicable settlement and imposes total fines of approximately chf 33.9 million . COMCO REACHED THE CONCLUSION JPMORGAN AND ROYAL BANK OF SCOTLAND (RBS) OPERATED, BETWEEN MARCH 2008 AND JULY 2009, A BILATERAL CARTEL WITH THE AIM OF INFLUENCING THE SWISS FRANC LIBOR BENCHMARK . COMCO SAYS JPMORGAN WAS FINED CHF 33.873 MILLION AFTER RECEIVING A REDUCTION OF ITS FINE FOR THE COOPERATION IN THE INVESTIGATION UNDER THE LENIENCY PROGRAMME . COMCO SAYS RBS RECEIVED FULL IMMUNITY FOR REVEALING THE EXISTENCE OF THE CARTEL TO THE COMCO . COMCO SAYS DECIDED TO DISCONTINUE THE PROCEDURE AGAINST THE TWO SWISS INTERDEALER/CASH BROKER COSMOREX AND GOTTEX .COMCO SAYS DECISION CAN BE APPEALED TO THE FEDERAL ADMINISTRATIVE COURT.  Full Article

Jpmorgan Chase declares preferred stock dividend
Thursday, 15 Dec 2016 04:27pm EST 

Jpmorgan Chase & Co :Jpmorgan chase declares preferred stock dividend.  Full Article

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Biggest U.S. banks clear first hurdle in Fed's annual stress tests

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