Jpmorgan Chase Stock Price, News & Analysis

J.P. Morgan Asset Management has unveiled SmartRetirement Lifetime Income, an innovative retirement income solution designed to simplify the saving and spending phases of retirement. This target date offering aims to reduce portfolio volatility near retirement and provide access to lifetime income payments through unaffiliated insurance companies.

Key features include:

• A stable value structure for income generation
• Transparency and flexibility for retirement savers
• Personalized retirement income strategy
• Support from multiple insurers, including Equitable and Prudential

The solution allows participants to save using familiar target date funds and transition to a personalized retirement income strategy. It's based on J.P. Morgan's proprietary data on participant savings and Chase's spending data across 66 million U.S. households.

J.P. Morgan Asset Management has appointed Travis Spence as Global Head of ETFs, effective immediately. Spence will lead ETF Product Development, Capital Markets, and the new ETF Insights teams, while continuing to head ETF distribution in EMEA. He reports to Jed Laskowitz, CIO and Global Head of Asset Management Solutions.

The firm aims to capitalize on the projected growth of ETFs, particularly active ETFs, which are expected to grow at twice the rate of the overall ETF industry. J.P. Morgan's global ETF platform has expanded to nearly $190 billion across more than 100 ETFs, making it the second-largest in active ETF AUM and eighth overall in ETF AUM.

Spence, a 20-year veteran at J.P. Morgan Asset Management, previously served as Head of EMEA ETF distribution and International Head of the Fixed Income Investment Specialist team. He will continue to be based in London.

JPMorgan Chase (NYSE: JPM) has announced that Daniel Pinto, President and Chief Operating Officer, will present at the Barclays Global Financial Services Conference on September 10, 2024 at 9:45 a.m. (Eastern). The event will take place at the Sheraton Times Square in New York City, with a live audio webcast available on the company's website.

JPMorgan Chase, a leading U.S.-based financial services firm, reported $4.1 trillion in assets and $341 billion in stockholders' equity as of June 30, 2024. The company is a leader in investment banking, consumer and small business financial services, commercial banking, financial transaction processing, and asset management. It serves millions of customers in the U.S. and prominent clients globally under the J.P. Morgan and Chase brands.

J.P. Morgan Asset Management (JPMAM) has launched the JPMorgan Fundamental Data Science (FDS) Suite on the Nasdaq Stock Exchange. This suite comprises three new active ETFs: JPMorgan Fundamental Data Science Large Core ETF (LCDS), Mid Core ETF (MCDS), and Small Core ETF (SCDS). These funds leverage advanced data science for portfolio construction, applying a sophisticated investment approach that combines data insights with fundamental research.

The FDS Suite aims to deliver outcomes that help clients reach their financial goals by integrating research, data insights, and risk management. The funds will be managed by co-portfolio managers Eric Moreau and Andrew R. Stern, both executive directors at JPMAM. Priced at 30, 35, and 40 basis points respectively, these ETFs are designed to be liquid, transparent, cost-effective, and tax-efficient investment vehicles.

J.P. Morgan Payments has expanded its partnership with PopID to deploy in-store biometric payments across the US. This pay-by-face solution allows for faster transactions, removing the need for phones or credit cards. Whataburger, already using PopID's biometric payments, plans to extend this service with J.P. Morgan Payments processing.

The system uses facial identification technology for secure customer identification and payment authentication. Customers enroll by taking a facial photo, which is encrypted and stored in PopID's cloud. During transactions, the stored template is matched for verification.

Benefits include decreased ordering and checkout times by up to 90 seconds per transaction and potential increased ticket size by 4%. The solution debuted at the FORMULA 1 CRYPTO.COM MIAMI GRAND PRIX in May 2024, with successful trials in 2023.

JPMorganChase has announced plans to expand its banking services in Iowa, aiming to serve 50% of the population in each of the 48 contiguous states. The expansion includes:

• 25 new branches by 2030
• Over 150 new jobs
• Expanded access to consumer, business, and community banking services

This investment builds on JPMorganChase's 39-year presence in Iowa, where it currently serves around 20,000 businesses and over 400,000 consumer customers. The expansion will focus on key cities including Des Moines, Waterloo, Cedar Rapids, Sioux City, Iowa City, and Ames. The bank also plans to strengthen community partnerships and support economic growth initiatives across the state.

JPMorgan Chase & Co. (NYSE: JPM) has filed its Quarterly Report on Form 10-Q for the quarter ended June 30, 2024, with the SEC. The report is available on the SEC's website and the Firm's Investor Relations website. As of June 30, 2024, JPMorgan Chase had $4.1 trillion in assets and $341 billion in stockholders' equity. The Firm is a leading financial services company based in the U.S. with global operations, serving millions of customers under the J.P. Morgan and Chase brands. JPMorgan Chase is a leader in investment banking, consumer and small business financial services, commercial banking, financial transaction processing, and asset management.

Chase and DoorDash have expanded their partnership, offering new grocery benefits for Chase Sapphire and other consumer branded cards. The deal extends DashPass membership for eligible Chase cardmembers through 2027 and introduces recurring grocery and convenience benefits. Key features include:

- Sapphire Reserve cardmembers receive two $10 off promos monthly for grocery, convenience, or non-restaurant orders.
- Sapphire Preferred cardmembers get one $10 off promo monthly for similar orders.
- Freedom and Slate cardmembers receive one $10 off promo quarterly for such orders.
- DashPass membership extended or newly offered to various Chase cardholders.

This partnership aims to provide Chase customers with enhanced convenience and savings on DoorDash's platform, which includes over 150,000 grocery, convenience, and non-restaurant stores.

The JPMorganChase Institute has released new research on Americans' financial resilience, analyzing data from 5.9 million households. Key findings include:

• 92% of households can cover a $400 unexpected expense
• 77% of lowest income quartile households can manage such expenses
• Credit access is important for financial resilience
• 43% of low-income households unable to cover small unexpected expenses might do so with more credit
• Asian and White households are 10 percentage points more likely than Black and Hispanic households to cover a $400 shock using available cash

The study provides a more comprehensive view of household financial health than previous survey-based reports, highlighting the importance of various liquidity sources in managing unexpected expenses.