JPMorgan Chase & Co. - JPM STOCK NEWS

J.P. Morgan Wealth Management's 2024 Diverse Investor Study reveals that Black, Hispanic and Latina women are more likely to be new investors, with 51% of Hispanic and Latina women and 46% of Black women starting to invest outside of employer-sponsored plans in the last five years. The study highlights that creating generational wealth is a top priority for these groups, with 74% of Hispanic and Latina women and 69% of Black women citing it as a motivation to invest.

The survey also found that younger Black, Hispanic and Latino investors take a more hands-on approach to investing compared to older generations. Additionally, investors with a financial plan reported better financial health and were more likely to discuss finances with their children. The study, which surveyed 1,000 investors with at least $25,000 in investable assets, also noted that while 55% of women are confident about their investment knowledge, 77% describe their investment strategy as risk-averse.

JPMorgan Chase & Co. (NYSE: JPM) has declared a quarterly dividend on its outstanding common stock. The financial services giant, with $4.1 trillion in assets and $341 billion in stockholders' equity as of June 30, 2024, continues to demonstrate its commitment to shareholder returns. As a leading firm in investment banking, consumer and small business financial services, commercial banking, and asset management, JPMorgan Chase serves millions of U.S. customers and prominent global clients under the J.P. Morgan and Chase brands. Investors can find detailed dividend information on the company's Investor Relations website.

Chase Freedom has announced its Q4 2024 cashback categories, offering cardmembers the chance to earn 5% cash back (up to $1,500) at PayPal, pet shops, vet services, and select charities. Freedom Flex cardmembers can earn 7% cash back on all purchases at McDonald's by stacking quarterly and dining cashback. The promotion runs from October 1 to December 14, 2024.

Chase Freedom Flex cardmembers continue to earn 5% cashback on travel booked through Chase Travel, 3% on dining and drugstore purchases, and 1% on all other purchases. This announcement comes ahead of the 15th anniversary celebration of Freedom's rotating categories in 2025.

JPMorgan Chase & Co. (NYSE: JPM) has announced the declaration of dividends on its outstanding Series CC preferred stock. As of June 30, 2024, the firm reported $4.1 trillion in assets and $341 billion in stockholders' equity. JPMorgan Chase is a leading U.S.-based financial services firm with global operations, specializing in investment banking, consumer and small business financial services, commercial banking, financial transaction processing, and asset management. The company serves millions of customers in the U.S. and prominent corporate, institutional, and government clients worldwide under the J.P. Morgan and Chase brands.

J.P. Morgan Asset Management has launched the quarterly "Guide to ETFs", a comprehensive resource aimed at educating financial professionals and investors about the ETF landscape. This initiative, part of the broader ETF Insights program, offers in-depth analysis, performance metrics, and investing trends. Key topics covered include active ETFs, fixed income ETF ecosystem, and tax efficiency benefits. The guide highlights that ETFs comprise about 28% of exchange volume over the past 15 years and have played a important role during market crises. J.P. Morgan Asset Management currently manages $3.3 trillion in assets and ranks second in active ETF AUM. The firm's ETF assets have grown to approximately $160 billion over the past five years.

J.P. Morgan Payments has expanded its partnership with Oracle, introducing new and enhanced product integrations across Oracle platforms. These integrations aim to streamline payments for treasury, trade, and commerce operations. Key enhancements include:

1. Banking Services: Real-time cash balance visibility
2. Touchless Expense: Faster expense report creation using near real-time data
3. Supply Chain Finance: Working capital optimization
4. Commerce Suite: Streamlined in-store merchant payments

The expanded partnership allows clients to access J.P. Morgan Payments offerings directly from Oracle Cloud applications, enabling quicker implementation with minimal IT effort. In 2023, J.P. Morgan Payments reported $18.3 billion in revenue, a 31% increase from 2022.

JPMorgan Chase (NYSE: JPM) has announced its upcoming third-quarter 2024 earnings call, scheduled for Friday, October 11, 2024, at 8:30 a.m. (EDT). The financial results will be released at approximately 7:00 a.m. (EDT). Investors and the public can access the live audio webcast and presentation slides on the company's website. JPMorgan Chase will also use social media platforms @JPMorgan and @Chase on Twitter to notify the public about the release of financial results.

The earnings call can be accessed via phone at 1 (888) 324 3618 in the U.S. and Canada, or +1 (312) 470 7119 for international callers, using passcode 1364784#. A replay will be available via webcast and by telephone until October 25, 2024. As of June 30, 2024, JPMorgan Chase reported $4.1 trillion in assets and $341 billion in stockholders' equity.

The Women Presidents Organization (WPO) and Women Elevating Women (W.E.W.) have announced the winners of the 2024 Entrepreneurial Women of Impact Awards, sponsored by JPMorgan Chase Commercial Banking. The awards recognize 24 outstanding women business leaders across North America for their professional achievements and community contributions.

The ceremony will take place on September 11, 2024, in Philadelphia. Winners include entrepreneurs from various industries and locations, such as Nisha Balwani from RCI Technologies, Vanessa Best from Precision HealthCare Consultants, and Tanya Biggers from Big Star Transit,

The awards highlight the resilience, innovation, and dedication of women of color in business leadership. Camille Burns, CEO of WPO, and Betty Hines, Founder and CEO of W.E.W., emphasized the importance of recognizing these women's contributions to their businesses and communities.

J.P. Morgan Asset Management has announced the liquidation and dissolution of two exchange-traded funds: JPMorgan BetaBuilders U.S. TIPS 0-5 Year ETF (BBIP) and JPMorgan BetaBuilders 1-5 Year U.S. Aggregate Bond ETF (BBSA). The last day of trading for both funds on Cboe BZX Exchange is October 18, 2024, with liquidation set for October 25, 2024.

Shareholders can continue trading until the de-listing date. Those holding shares on the liquidation date will receive cash equal to the net asset value of their shares. This may result in capital gains or losses for taxable accounts. J.P. Morgan Asset Management, with $3.3 trillion in assets under management as of June 30, 2024, is a global leader in investment management.