JPMorgan Chase & Co. - JPM STOCK NEWS

(RED) has announced that Chase and Wells Fargo are joining its coalition to combat COVID-19. Cardmembers can now donate their rewards to support relief efforts, with both banks committing $250,000 each to (RED). The initiative aims to enhance access to testing, treatment, and vaccines in impoverished regions, where only 10% of individuals have received a vaccine. This partnership expands (RED)'s efforts, which have raised nearly $700 million to support global health systems, benefiting over 245 million people worldwide.

JPMorgan Chase, in collaboration with Toshiba and Ciena, has successfully developed a groundbreaking Quantum Key Distribution (QKD) network capable of withstanding quantum computing threats. This innovative network supports data rates up to 800 Gbps, providing security for critical applications. Additionally, the QKD network was demonstrated to effectively protect the world's first peer-to-peer blockchain network, Liink by J.P. Morgan, marking a significant advancement in quantum cybersecurity. This work positions JPMorgan Chase at the forefront of securing future banking technologies.

JPMorgan Chase & Co. (NYSE: JPM) has declared dividends on its Series V, X, and II preferred stock. As of December 31, 2021, the firm reported assets totaling $3.7 trillion and stockholders' equity of $294.1 billion. JPMorgan Chase is a leader in investment banking and financial services, serving millions of customers globally. For further information, visit the Investor Relations website.

Chase and Marriott Bonvoy have announced enhanced benefits for the Marriott Bonvoy Boundless Credit Card, allowing cardmembers to earn more points on everyday purchases without an increase in annual fees. Cardmembers can earn 3X points at grocery stores, gas stations, and restaurants (up to $6,000 yearly) and receive one Elite Night Credit for every $5,000 spent. Additionally, a limited-time offer grants new cardmembers 100,000 bonus points after spending $3,000 in the first three months. The annual fee remains at $95.

JPMorgan Chase has awarded $5 million each to six collaborations aimed at enhancing economic prosperity for Black and Latina women across the U.S. This initiative, part of a broader $30 million competition, addresses racial and gender wealth gaps exacerbated by COVID-19. The two announced winners focus on improving early education in Washington, D.C., and economic development for women in Baltimore. The firm aims to foster sustainable solutions through partnerships, with a total of five out of six collaborations led by Black and Latina women.

J.P. Morgan (NYSE: JPM) has announced a strategic investment to acquire approximately 49% of Viva Wallet, a European cloud-based payments fintech. The investment aims to enhance J.P. Morgan's merchant acquiring capabilities for SMBs in Europe, tapping into a market of over 17 million potential merchants. The financial terms remain undisclosed, and the deal is subject to regulatory approvals. This move aligns with J.P. Morgan's vision for expanding its payments solutions and reflects confidence in Viva Wallet’s innovative technology and services targeted at European small and midsize businesses.