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JPMorgan Chase & Co (JPM)

JPM on New York Consolidated

88.60USD
28 Mar 2017
Change (% chg)

$1.36 (+1.56%)
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$87.24
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Latest Key Developments (Source: Significant Developments)

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

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

More From Around the Web

MOVES-JPMorgan Asia equity capital markets head leaves -IFR

HONG KONG, March 24 JPMorgan Chase & Co's head of equity capital markets in Asia excluding Japan, David Suen, has left the U.S. bank, IFR reported on Friday, citing an internal memo.