JPMorgan Chase & Co. - JPM STOCK NEWS

JPMorgan Chase is part of a collective action by the largest U.S. banks, including Bank of America and Citigroup, to support First Republic Bank with a total of $30 billion in uninsured deposits. JPM contributed $5 billion, alongside others like Goldman Sachs and Morgan Stanley, which deposited $2.5 billion each. This initiative underscores confidence in the U.S. banking system, particularly in light of recent challenges faced by some banks. The effort aims to maintain liquidity within the financial system, supporting the critical roles of regional and midsize institutions.

J.P. Morgan Asset Management has launched the JPMorgan Active China ETF (JCHI) to provide investors with a curated portfolio of Chinese equities. The fund utilizes a bottom-up stock selection approach and leverages insights from its extensive Greater China research team. JCHI is priced at 65 basis points and aims for long-term capital appreciation in China's fast-growing industries. As of March 13, 2023, J.P. Morgan Asset Management oversees over $100 billion in assets across its U.S. ETF suite, ranking among the top ten ETF issuers.

However, the fund carries significant risks due to its exposure to the Chinese market, including legal and regulatory uncertainties.

JPMorgan Chase & Co. (NYSE: JPM) has announced dividends on its Series Q, U, and CC preferred stock. As of December 31, 2022, the firm reported $3.7 trillion in assets and $292 billion in stockholders’ equity. The bank is a major player in investment banking and commercial banking, serving millions in the U.S. and globally. For detailed information, please visit the firm’s Investor Relations website.

JPMorgan Chase & Co. (NYSE: JPM) will host a conference call on April 14, 2023, at 8:30 a.m. (EDT) to discuss its first-quarter financial results, expected to be released at 7:00 a.m. (EDT). Investors can access the call by dialing 1 (888) 324 3618 for U.S. and Canada, or +1 (312) 470 7119 internationally. A replay will be available via the company's website and by phone after the call. As of December 31, 2022, JPMorgan Chase had $3.7 trillion in assets and $292 billion in stockholders' equity, making it a leader in various financial services globally.

Chase Freedom has announced its Q2 2023 cash back categories for cardmembers, featuring Lowe’s and Amazon.com. From April 1 to June 30, 2023, cardmembers can earn 5% cash back on up to $1,500 in combined purchases. This new promotion aims to encourage home improvements and outdoor activities during the spring season. New cardmembers can earn up to $800 in cash back, which includes $200 after spending $500 within the first three months and additional earnings on grocery purchases. Chase Freedom also offers various cash back rates on travel and dining.

J.P. Morgan Asset Management has launched the JPMorgan Active Small Cap Value ETF (JPSV), aiming to outperform the Russell 2000 Value Index. This actively managed ETF utilizes the NYSE Active Proxy Model and targets high-quality small cap companies at attractive valuations. JPSV is managed by Lawrence Playford and his experienced team, priced at 74 basis points. The ETF is part of J.P. Morgan's expanding range of products, which now includes over $100 billion in assets under management. This offering brings new investment opportunities while also introducing unique risks due to its non-traditional structure.

J.P. Morgan Asset Management released its 2023 Guide to Retirement, addressing key issues impacting retirement planning. The guide emphasizes the effects of the SECURE 2.0 Act, highlighting its potential to boost retirement plan access for small businesses. It advocates for building emergency reserves to manage financial shocks, suggests strategic adoption of tax-advantaged accounts, and underscores the need for aligning investment portfolios with personal goals. Additionally, it promotes a long-term view on investing, stressing that staying invested can significantly enhance retirement outcomes. The firm manages $2.45 trillion in assets.

JPMorgan Chase & Co. (NYSE: JPM) has announced that after June 30, 2023, CME Term SOFR will replace U.S. dollar LIBOR for certain outstanding floating and fixed-to-floating rate debt securities, preferred stock, and CDs. This change complies with the LIBOR Act and Federal Reserve regulations. The applicable tenor of CME Term SOFR will be used for interest calculations on these securities, with specified tenor spread adjustments of 0.26161% for three-month LIBOR and 0.11448% for one-month LIBOR. The announcement does not affect other LIBOR-linked instruments not governed by New York or Delaware law.

Chase and DoorDash have launched the DoorDash Rewards Mastercard, offering unlimited cash back on numerous purchases. Cardmembers can earn 4% cash back on DoorDash orders, 3% on restaurant dining, 2% on grocery stores, and 1% on other purchases. A launch offer for new members includes a free year of DashPass and a $100 cash bonus after spending $500 in the first three months. Additional benefits include no annual fees and various cash back redemption options. DoorDash aims to enhance local community connections through this partnership with Chase and Mastercard.