JPMorgan Chase & Co. - JPM STOCK NEWS

J.P. Morgan Asset Management has released its 2022 Long-Term Capital Market Assumptions, projecting a 10-15 year outlook on risks and returns. The report estimates a 4.3% return for a 60/40 portfolio, indicating a shift towards non-traditional assets for higher yields. Key findings include a forecast of 2.2% real GDP growth, 2.4% inflation, and significant adjustments in equity returns, with a notable decline for UK stocks to 4.1%. The emphasis is on exploring real assets and alternative investments to mitigate low public market returns.

J.P. Morgan Wealth Management is hosting its inaugural summit, "Building a New Legacy: A Summit for Black and Latina Women," on November 9. This virtual event aims to empower Black, Latina, and Hispanic women through discussions on financial literacy and wealth-building. Keynote speakers include notable figures such as Soledad O’Brien and Tiffany “The Budgetnista” Aliche. The summit will address financial challenges faced by women, particularly those from minority communities, and promote investment as a pathway to financial equality. Registration is open now.

J.P. Morgan Wealth Management is hosting its inaugural investment summit, Building a New Legacy, on November 9, focusing on empowering Black, Latina, and Hispanic women. The event will feature influential social media personalities in panels and workshops to discuss financial growth and investment strategies. Keynote speakers will include Soledad O’Brien and Tiffany Aliche, addressing financial resilience and entrepreneurship. The summit aims to foster financial equality and close the wealth gap, supported by J.P. Morgan’s $30 billion commitment to these communities.

JPMorgan Chase & Co. (NYSE: JPM) has submitted its Quarterly Report on Form 10-Q for the quarter ending September 30, 2021 to the SEC. The report details that JPMorgan Chase maintains $3.8 trillion in assets and $290.0 billion in stockholders’ equity as of the reporting date. Known for its leadership in various financial services, the firm caters to millions of customers and numerous corporate clients globally. The report is accessible on the SEC's website and the firm's Investor Relations site.

J.P. Morgan Asset Management launched the JPMorgan Income ETF (JPIE), an active fixed income ETF focused on maximizing income while minimizing volatility. JPIE utilizes sector allocation shifts to invest in diverse debt securities, leveraging J.P. Morgan's Global Fixed Income Currency and Commodities platform. Portfolio Managers Norelli, Headley, and Hauser bring 75 years of combined experience. This new fund expands the active fixed income offerings to ten products, with J.P. Morgan ranking as a top seven ETF issuer in the U.S. and managing over $68 billion in assets.

JPMorgan Chase has launched a £2 million program in England to support over 1,000 disadvantaged students, focusing on career readiness. This initiative is part of a larger $75 million global commitment aimed at improving job preparedness for young people. The project targets students facing significant barriers, including those from low-income families and areas of high deprivation. Ten projects across England will provide insights into effective career education interventions. Leaders emphasize the need for collaboration between public and private sectors to enhance education and employment outcomes.

JPMorgan Chase Commercial Banking and Bunker Labs announced the inaugural CEOcircle program, selected to assist 43 military-connected executives in business growth through education and mentorship over twelve months. The participants, chosen based on growth potential and strategy, have a projected 2021 revenue ranging from $1.5 million to $105 million. The program includes quarterly forums, networking, and mentorship, with the first event in Washington, D.C. on November 2. This initiative underscores JPMorgan's commitment to supporting veteran entrepreneurs.

J.P. Morgan Asset Management's new research shows that 42% of retirees are leaving balances in their defined contribution (DC) accounts post-retirement, a rise from 28% in 2018. Additionally, retirees are spending more than anticipated, needing to replace over 90% of their income, up from the typical 70-80% target. The findings suggest that most individuals are not contributing enough to their plans, with average rates starting at 5%. J.P. Morgan emphasizes the importance of automatic contributions and has adjusted its SmartRetirement glide path to better address these needs.