JPMorgan Chase & Co. - JPM STOCK NEWS

Persefoni has appointed Marc Zenner, a former investment banker at J.P. Morgan (NYSE: JPM), as its new Chief Financial Officer. With a 17-year investment banking career and prior experience as a professor, Zenner will spearhead financial operations as Persefoni aims to expand in the carbon transition sector. He expressed eagerness to collaborate with the team and enhance growth strategies. The company offers a comprehensive climate platform that helps organizations manage their carbon footprint effectively.

The new World of Hyatt Business Credit Card launched by Chase and Hyatt allows small business owners to earn double World of Hyatt points on categories where they spend the most. This card features an adaptive rewards accelerator, enabling members to maximize point earnings on hotel stays, dining, and more. Key benefits include automatic Discoverist status, bonus points on spending, and no foreign transaction fees, with an annual fee of $199. New cardholders can earn up to 75,000 Bonus Points during the first three months.

J.P. Morgan Asset Management has launched the Strategic Investment Advisory Group, aimed at advising institutional clients on investment opportunities and risks across various asset classes. Led by CEO George Gatch and chaired by Michael Cembalest, the group comprises experienced professionals who have managed over $2 trillion in assets. Their first publication, 'Getting Real About Rates', discusses the implications of negative real bond yields and offers insights for maintaining portfolio value in a low-rate environment. This initiative reflects J.P. Morgan's commitment to delivering integrated investment strategies.

On October 5, 2021, J.P. Morgan Asset Management launched the JPMorgan Active Value ETF (JAVA) to enhance its active ETF offerings. This fund focuses on large-cap value investments using a bottom-up stock selection strategy, aiming for capital appreciation. Managed by an experienced team with over 95 years of combined expertise, JAVA targets unprofitable and overvalued companies, promoting a disciplined value investment approach. The active ETF suite now includes 37 products, collectively managing over $66 billion in assets.

J.P. Morgan Asset Management launched the Guide to the Markets with a mobile-based augmented reality (AR) experience, making it the first asset manager to offer such a feature. This immersive tool allows users to interact with economic analyses through their smartphones. The AR experience includes holographic displays and 3D visualizations of key market data. The Guide will be updated quarterly, addressing major economic themes like inflation and fiscal policy, which can enhance investor engagement and comprehension.

JPMorgan Chase will hold a conference call on October 13, 2021, at 8:30 a.m. EDT to discuss its third-quarter financial results, to be released earlier at 7:00 a.m. EDT. The call can be accessed via phone or online through the firm’s Investor Relations page. Investors can dial in 15 minutes prior to the start, while a replay will be available after the call until October 27, 2021. As of June 30, 2021, JPMorgan Chase had $3.7 trillion in assets and $286.4 billion in stockholders' equity.

JPMorgan Chase has announced over $100 million in new investments to support Minority Depository Institutions (MDIs) and Community Development Financial Institutions (CDFIs) owned by Black, Hispanic, and Latino communities. This commitment builds on a previous $30 billion initiative aimed at promoting racial equity. The firm has invested in 14 diverse-led financial institutions, promising to generate more than $1 billion in community lending. Additionally, the Empower money market share class has surpassed $5 billion in assets since its launch in February.

J.P. Morgan Private Capital has appointed Luke Sikora as a Partner on its Growth Equity Partners platform, effective immediately. Sikora, previously with Vulcan Capital, brings extensive experience in investing in consumer and enterprise technology sectors. He will play a key role in leading investment strategies on the West Coast. The Growth Equity Partners platform was established in June 2021 to capitalize on pre-IPO opportunities in private markets. J.P. Morgan Global Alternatives, with $191 billion in assets under management, aims to meet diverse client investment goals.

The Board of Directors of JPMorgan Chase & Co. (NYSE: JPM) has declared a quarterly dividend on its common stock, reaffirming its commitment to returning value to shareholders. As of June 30, 2021, the firm reported $3.7 trillion in assets and $286.4 billion in stockholders’ equity. JPMorgan Chase remains a leader in investment banking and financial services, serving millions of customers worldwide.