Jpmorgan Chase - JPM STOCK NEWS

Chase announced the opening of its new Chase Sapphire Lounge at Philadelphia International Airport (PHL) on February 20. The 20,000 square-foot facility, located between Terminals D and E, features Philadelphia-inspired amenities including:

- A beer garden with local craft beers and Philadelphia-inspired menu items
- Curated dishes by Middle Child Clubhouse
- Local art from Mural Arts Philadelphia
- A game room with retro arcade machines and sports viewing
- Wellness amenities including private rest pods and showers
- Family room and nursing facilities
- Private and communal working spaces

The lounge represents Chase's expanding airport network, with future locations planned at Las Vegas (LAS) and Los Angeles (LAX) airports.

J.P. Morgan Asset Management has announced the liquidation and dissolution of the JPMorgan Sustainable Infrastructure ETF (BLLD). Trading of the ETF on Nasdaq will continue until March 21, 2025, allowing shareholders to buy and sell shares at market prices. The liquidation proceeds will be distributed to remaining shareholders at net asset value on or around March 28, 2025.

Shareholders who hold shares through the liquidation date will receive cash distributions equal to their shares' net asset value in their brokerage accounts. Those with shares in taxable accounts may recognize capital gains or losses based on the difference between the liquidation distribution and their adjusted basis.

J.P. Morgan Asset Management has announced plans to convert the $1.3 billion JPMorgan Unconstrained Debt Fund into the JPMorgan Flexible Debt ETF (JFLX), pending board approval in May 2025. The conversion is expected to occur in Q3 2025, with the ETF maintaining a similar management strategy to the mutual fund.

The conversion aims to provide benefits including enhanced trading flexibility, increased portfolio transparency, and potential tax efficiency. The firm, which manages $230 billion in ETF assets and ranks second globally in active ETF AUM, expects minimal client disruption as most existing clients can hold ETFs.

The announcement comes amid increased client interest in accessing flexible investment strategies through ETF vehicles, particularly given market volatility and uncertainty. J.P. Morgan Asset Management currently manages $3.6 trillion in total assets (as of 12/31/2024).

JPMorgan Chase has filed its Annual Report on Form 10-K for the fiscal year ended December 31, 2024 with the SEC. The report reveals the firm's strong financial position with $4.0 trillion in assets and $345 billion in stockholders' equity as of December 31, 2024.

As a leading financial services firm based in the United States with global operations, JPMorgan Chase maintains leadership positions in multiple sectors including investment banking, consumer and small business financial services, commercial banking, financial transaction processing, and asset management. Through its J.P. Morgan and Chase brands, the firm serves millions of U.S. customers and prominent corporate, institutional, and government clients worldwide.

JPMorgan Chase (NYSE: JPM) has announced dividend declarations for its Series II and OO preferred stock. The firm, a leading U.S.-based financial services company, reported $4.0 trillion in assets and $345 billion in stockholders' equity as of December 31, 2024.

The company maintains a strong market position as a leader in investment banking, consumer and small business financial services, commercial banking, financial transaction processing, and asset management. Operating under the J.P. Morgan and Chase brands, the firm serves millions of U.S. customers and prominent corporate, institutional, and government clients globally.

J.P. Morgan Asset Management has partnered with Georgia Capital and Paran Homes to launch Laseter Development Group, a new build-to-rent (BTR) development company. The venture aims to increase housing supply in high-demand Sunbelt areas, with institutional investors advised by J.P. Morgan and the principals of Georgia Capital/Paran Homes each owning 50% of Laseter.

The company plans to break ground on its first two developments in 2025, featuring 165 homes near Atlanta, GA, and 126 homes near Nashville, TN. Whit Marshall, who has over 20 years of industry experience, will serve as Founder and CEO. Since 2020, J.P. Morgan Asset Management has built a portfolio of nearly $2 billion in single-family rentals, comprising 65 communities and over 6,000 homes nationwide.

J.P. Morgan Asset Management (JPMAM) has launched the JPMorgan Flexible Income ETF (NYSE: JFLI), an active ETF designed to deliver income and capital growth. The fund represents the Multi-Asset Solutions team's first venture into actively managed multi-asset ETFs, targeting a $500 billion market opportunity in the multi-asset income category.

JFLI invests in diverse income-producing securities, including equity holdings and fixed income ETFs across developed and emerging markets. The fund is managed by Michael Schoenhaut, Eric Bernbaum, and Gary Herbert, leveraging insights from J.P. Morgan's asset class specialists.

The ETF aims to provide investors with a combination of traditional securities and derivatives-based strategies, complementing J.P. Morgan's existing income-oriented ETF offerings while offering flexibility, diversification, and efficiency in navigating complex markets.

J.P. Morgan Asset Management (JPMAM) has launched the JPMorgan Flexible Income ETF (NYSE: JFLI), marking their first active multi-asset ETF offering. The fund aims to deliver both attractive income and capital growth in the $500 billion multi-asset income category.

JFLI provides investors access to income through traditional securities and derivatives-based strategies, complementing J.P. Morgan's existing income-oriented ETF lineup. The fund is managed by a veteran team including Michael Schoenhaut, Eric Bernbaum, and Gary Herbert, who bring extensive experience in managing prominent income funds.

The ETF invests in diverse income-producing securities, including direct equity holdings and fixed income ETFs across developed and emerging markets. This launch represents a significant milestone in JPMAM's active ETF strategy, offering investors flexibility, diversification, and efficiency in navigating complex markets.

JPMorganChase has announced plans to more than triple its branch presence in Alabama by 2030, expanding from 11 to 35 locations. This expansion will create over 170 new banking jobs and make Chase branches accessible to more than half of Alabama's population.

The bank currently serves 555,000 consumer customers and 22,000 Alabama-based businesses across various sectors including manufacturing, healthcare, and education. Since 2021, JPMorganChase has provided over $1.3M in philanthropic commitments to local nonprofits in Alabama.

As part of this expansion, Chase has hired Geno Gardner as Birmingham's first dedicated community manager and plans to hire a Small Business Consultant. The bank opened its first Alabama branch five years ago near Auburn University and currently operates seven branches in Greater Birmingham and additional locations in Auburn, Tuscaloosa, and Huntsville.