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JPMorgan Chase & Co (JPM)

JPM on New York Consolidated

85.43USD
26 May 2017
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Latest Key Developments (Source: Significant Developments)

Chase announces continued Hyatt co-brand card program
Wednesday, 24 May 2017 11:30am EDT 

May 24 (Reuters) - JPmorgan Chase & Co ::Chase announces continued Hyatt co-brand card program.Companies agree to multi-year extension of Hyatt credit card.Says an affiliate of Hyatt Hotels Corporation signed a multi-year extension to co-branded Hyatt Credit Card Program.Hyatt's loyalty program, World of Hyatt, will continue as a point transfer partner through Chase ultimate rewards.  Full Article

JPMorgan Chase & Co declares quarterly dividend of 50 cents per share on outstanding shares of common stock
Tuesday, 16 May 2017 04:17pm EDT 

May 16 (Reuters) - JPMorgan Chase & Co ::JPMorgan Chase & Co says declared a quarterly dividend of 50 cents per share on the outstanding shares of the common stock.  Full Article

JP Morgan declares dividend on outstanding shares of the firm's preferred stock issue
Monday, 15 May 2017 04:16pm EDT 

May 15 (Reuters) - JP Morgan Chase & Co ::Declared a dividend on the outstanding shares of the firm’s preferred stock issue.  Full Article

JPMorgan estimates possible legal costs in excess of reserves at about $2.3 bln at March 31
Tuesday, 2 May 2017 04:50pm EDT 

May 2 (Reuters) - :JPMorgan Chase - Estimates range of reasonably possible losses, in excess of reserves, for its legal costs is from $0 to about $2.3 billion at March 31, 2017.  Full Article

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

More From Around the Web

BRIEF-JPMorgan Chase & Co says shareholders dispprove proposal on independent board chairman

* JPMorgan Chase & Co says shareholders did not approve proposal on independent board chairman in the meeting - SEC filing