JPMorgan Chase & Co. - JPM STOCK NEWS

J.P. Morgan Asset Management has released its 2025 Long-Term Capital Market Assumptions (LTCMAs), providing a 10-15-year outlook for returns and risks across asset classes. The forecast annual return for a USD 60/40 stock-bond portfolio is projected at 6.4%, slightly lower than last year but above the long-term average. The report highlights opportunities to enhance returns through active management and alternative assets.

Key findings include:

• Higher policy rates reinforcing strong bond returns
• A generational opportunity in global real estate
• Optimistic growth projections for developed markets
• Significant impact of AI on productivity and economic growth

The LTCMAs provide detailed return assumptions for various asset classes, including fixed income, equities, and alternatives, serving as a guide for investment decisions and portfolio construction.

JPMorganChase has announced the election of Brad D. Smith, 60, to its Board of Directors, effective January 21, 2025. Smith, currently the President of Marshall University, brings extensive experience from his 11-year tenure as CEO of Intuit, where he transformed the company into a global cloud-based platform. His leadership at Intuit was characterized by fostering innovation through data-driven decision-making and rapid experimentation.

Smith's current role at Marshall University focuses on expanding access to affordable education, with a goal of enabling debt-free degrees. He serves on the boards of Amazon.com, Humana, and Marshall Health Network. Smith co-founded the Wing 2 Wing Foundation, supporting education and entrepreneurship in underserved West Virginia communities.

Jamie Dimon, Chairman and CEO of JPMorganChase, praised Smith's visionary leadership and commitment to communities, expecting his experience to add significant value to the company.

JPMorgan Chase & Co. (NYSE: JPM) has announced dividend declarations on its outstanding preferred stock series DD, EE, GG, JJ, KK, LL, MM, and NN. Detailed information about these dividends is available on the company's Investor Relations website. As of September 30, 2024, JPMorgan Chase reported $4.2 trillion in assets and $346 billion in stockholders' equity.

The firm is a leading financial services company based in the United States, with global operations. It holds prominent positions in investment banking, consumer and small business financial services, commercial banking, financial transaction processing, and asset management. Under the J.P. Morgan and Chase brands, the company serves millions of U.S. customers and many of the world's top corporate, institutional, and government clients globally.

J.P. Morgan Private Capital has appointed Paris Heymann as a new Co-Managing Partner to expand its technology investment capabilities. Heymann joins from Index Ventures where he was a Partner focusing on software, data, and AI companies. His expertise in late-stage private and crossover investing will enhance the Growth Equity Partners team and broaden the platform's technology investing practice.

Prior to Index, Heymann was a Partner at Arena Holdings, investing globally in public and private technology companies. His investment experience includes companies like Albert Invent, Built Technologies, Celonis, Dataiku, Databricks, Figma, KnowBe4, Nourish, ServiceTitan, and Wiz. Heymann holds a B.A. in Political Economy from Williams College and began his career at Bain Capital.

J.P. Morgan Private Capital, part of J.P. Morgan Asset Management, invests in companies across stages, sectors, and geographies, with strategies spanning technology, consumer, and life sciences.

JPMorgan Chase & Co. (NYSE: JPM) has released its third-quarter 2024 financial results. The company, a leading financial services firm based in the United States with global operations, reported $4.2 trillion in assets and $346 billion in stockholders' equity as of September 30, 2024.

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

J.P. Morgan Asset Management has hired Justin Heller as Managing Director and Portfolio Manager for its net lease strategy in the Real Estate Americas platform. Heller, who previously worked at TPG Angelo Gordon, will report to Chad Tredway, Managing Partner for the net lease strategy and Head of Real Estate Americas. This hire underscores J.P. Morgan's commitment to expanding its real estate product offerings and growing the business.

At TPG Angelo Gordon, Heller was instrumental in sourcing, underwriting, and originating transactions for their net lease strategy, overseeing the sale of approximately $5 billion in assets. In his new role, he will oversee acquisitions and portfolio management for J.P. Morgan's net lease real estate strategy, a capability acquired through the purchase of Trio Investment Group in December 2023.

J.P. Morgan Asset Management has a 60-year history in global real estate investing, managing assets worth $90 billion with over 300 investment professionals globally.

JPMorgan Chase Commercial Banking and Syracuse University's D'Aniello Institute for Veteran & Military Families (IVMF) have announced the new cohort of 71 business leaders for their CEOcircle program. This year-long peer accountability training program is designed to help mid-size veteran and military spouse executives scale their businesses.

Since its launch in 2021, CEOcircle has guided over 173 business owners, with more than 70% of participants reporting new business opportunities. The 2025 cohort consists of 90% veterans and 12% military spouses, representing industries such as technology, healthcare, consumer packaged goods, and manufacturing. These companies have an average annual revenue of $20 million reported in 2023.

This year, 20 CEOcircle alumni have volunteered to be facilitators, with seven to be selected to lead small group sessions. The program aims to provide advocacy, training, and networking opportunities for veteran and military spouse entrepreneurs, helping them build connections and solve problems collectively.

Dynasty Financial Partners has successfully closed a minority capital raise to fuel its ongoing growth. The round was supported by long-standing investors, Board members, and strategic investors including The Charles Schwab , BlackRock, and J.P. Morgan Asset Management. All proceeds will be invested in enhancing Dynasty's platform to better serve its clients.

CEO Shirl Penney expressed excitement about the investment, which will enable significant improvements in technology, talent, and capabilities. The company's network consists of 58 partner firms representing over 400 advisors with over $100 billion in platform assets. Dynasty also has a $50 million unused credit facility from major banks for additional growth capital.

Chairman Harvey Golub highlighted the significance of backing from major financial institutions, viewing it as a testament to the growth of the RIA space and Dynasty's role in driving positive industry change.

J.P. Morgan Asset Management has announced an enhancement to its Morgan Money platform through a strategic partnership with GLMX, a global money market trading platform. This collaboration will provide Morgan Money clients with expanded access to diverse asset classes and a broader range of short-term investment options.

Key highlights:

• Integration of GLMX's advanced money market trading technology directly on Morgan Money
• Access to a comprehensive suite of money market instruments, including money market funds, repurchase agreements, time deposits, CDs, CP, and government securities
• Morgan Money platform has $313 billion in AUM as of 6/30/2024
• Designed to offer robust short-term investment management solutions for institutional investors
• Focuses on enhancing investment capabilities and operational efficiency