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JPMorgan Chase & Co (JPM.N)

JPM.N on New York Stock Exchange

22 Nov 2017
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Latest Key Developments (Source: Significant Developments)

Sanken Electric consolidated subsidiary SKN to issu new shares to OEP through private placement
Tuesday, 18 Jul 2017 02:35am EDT 

July 18(Reuters) - Sanken Electric Co Ltd <6707.T>:Says its consolidated subsidiary Sanken North America Inc (SKN) will issue 2.9 million new shares to One Equity Partners(OEP) through private placement, with a payment date on Aug. 24 (U.S. time).Says OEP will hold 28.8 percent stake in SKN after the share issuance .  Full Article

Leap Motion announces $50 mln in series C funding
Monday, 17 Jul 2017 01:48pm EDT 

July 17 (Reuters) - Leap Motion::Leap Motion announces $50 million in series C funding led by J.P. Morgan Asset Management.$50 million in series C funding led by J.P. Morgan Asset Management​.  Full Article

Jpmorgan Chase & Co June credit card charge-off rate 2.36 pct vs 2.50 pct in May
Monday, 17 Jul 2017 06:54am EDT 

July 17 (Reuters) - Jpmorgan Chase & Co :Jpmorgan chase & co - credit card charge-off rate 2.36 percent in june versus 2.50 percent in may - sec filing.Jpmorgan chase & co - delinquency rate 1.14 percent at june end versus 1.14 percent percent at may end.  Full Article

JPMorgan Chase Q2 earnings per share $1.82
Friday, 14 Jul 2017 07:09am EDT 

July 14 (Reuters) - JPMorgan Chase & Co ::JPMorgan Chase reports second-quarter 2017 net income of $7.0 billion, or $1.82 per share ‍​.Q2 average core loans up 8 percent YOY and 2 pecrent QOQ.Q2 ROTCE 14 percent versus 13 percent in Q1.Q2 tangible book value per share $53.29, up 6 percent.Q2 adjusted expense of $14.4 billion versus $14.8 billion in Q1.Q2 Consumer & Community Banking average deposits of $640 billion, up 10 percent.Qtrly net revenue was $26.4 billion, up 5 percent.JPMorgan's Dimon says "the U.S. consumer remains healthy, evidenced in our strong underlying performance in Consumer & Community Banking".Qtrly provision for credit losses was $1.2 billion, down from $1.4 billion in the prior-year quarter‍​.Basel III Common Equity Tier 1 ratio 12.5 percent at Q2-end versus 12.4 percent at Q1-end.Qtrly mortgage banking net revenue was $1.4 billion, down 26 percent‍​.Q2 adjusted overhead ratio 56 percent versus 58 percent in Q1.Assets under management at Q2-end were $1.9 trillion, up 11 percent.Qtrly equity markets revenue was down 1 percent.Q2 earnings per share view $1.58, revenue view $24.96 billion -- Thomson Reuters I/B/E/S.2Q17 results included a $406 million after-tax benefit from a legal settlement‍​.  Full Article

JPMorgan sees 2017 Firmwide adjusted expense to be about $58 bln
Friday, 14 Jul 2017 06:59am EDT 

July 14 (Reuters) - JPMorgan Chase & Co ::Expect Firmwide 2017 net interest income to be up $4 billion+ YoY, market dependent.Expect 2017 Firmwide adjusted expense to be about $58 billion‍​.Expect 2017 Firmwide net charge-offs to be $5 billion +/-.Expect 2017 Firmwide average core loan growth to be about 8 percent.Says quarterly fixed income markets revenue of $3.2 billion, down 19 percent - Presentation.  Full Article

JPMorgan Chase results press release
Friday, 14 Jul 2017 06:55am EDT 

Please click on the link below for JPMorgan Chase & Co's quarterly earnings press release::.  Full Article

JPMorgan Chase & Co reports 11.2 pct passive stake in Blue Apron Holdings
Friday, 7 Jul 2017 01:10pm EDT 

July 7 (Reuters) - Blue Apron Holdings Inc :JPMorgan Chase & Co reports 11.2 percent passive stake in Blue Apron Holdings Inc as of June 30 - sec filing.  Full Article

JPMorgan Chase & Co says does not intend to make offer for Worldpay
Wednesday, 5 Jul 2017 08:16am EDT 

July 5 (Reuters) - JPMorgan Chase & Co :Response to announcement by Worldpay Group Plc.Announces that it does not intend to make an offer for Worldpay.In response to an invitation from Worldpay, J.P. Morgan was at very early stage in considering whether or not to make an offer or terms of any offer for Worldpay.  Full Article

Worldpay agrees terms of possible offer with Vantiv
Wednesday, 5 Jul 2017 07:38am EDT 

July 5 (Reuters) - Worldpay Group Plc :Vantiv Inc and Worldpay Group Plc agree to key terms of possible offer.Total value to Worldpay shareholders would be £3.85 per Worldpay share comprising 5 pence dividend payment and £3.80 per Worldpay share under terms of potential merger.Under terms of potential merger, shareholders of Worldpay would receive for each share in Worldpay £0.55 in cash and 0.0672 new Vantiv shares.Worldpay shareholders to be entitled to cash dividend of 5 pence per Worldpay share, in place of anticipated interim dividend payment.Combined group is expected to benefit from its strong presence and substantial opportunities in integrated payments and global ecommerce.Worldpay's current trading and outlook for half year is in line with Worldpay's management expectations.Worldpay and Vantiv have identified substantial opportunities for cost synergies, which support significant potential shareholder value creation.Following completion of potential merger, Worldpay shares will be delisted from London Stock Exchange.Discussions between parties remain ongoing regarding other terms and conditions of potential merger.Following completion of potential merger, Worldpay shareholders would own about 41% of share capital of combined group on fully diluted basis.Combined group will be led by Charles Drucker as executive chairman and co-CEO and Philip Jansen as co-CEO, with Stephanie Ferris as CFO.  Full Article

Jpmorgan Chase says warrant exercise price to be reduced to $41.912 per share from $41.967
Monday, 3 Jul 2017 01:19pm EDT 

July 3 (Reuters) - Jpmorgan Chase & Co :JPMorgan Chase & Co says warrant exercise price to be reduced to $41.912 per share from $41.967 per share, effective as of close of business on july 6 ‍​.JPMorgan Chase - adjustment resulted from declaration by board on may 16 of quarterly dividend of $0.50/share on outstanding shares of co's common stock.  Full Article


JPMorgan's Dimon says Trump likely to be a one-term president

CHICAGO/NEW YORK Jamie Dimon, chief executive officer of JPMorgan Chase & Co, on Wednesday said he expects to see a new U.S. president in 2021 and advised the Democratic party to come up with a "pro-free enterprise" agenda for jobs and economic growth instead.