JPMorgan Chase & Co. - JPM STOCK NEWS

JPMorgan Chase & Co. has declared dividends on its Series V, X, and II preferred stock. As of June 30, 2021, the firm reported total assets of $3.7 trillion and stockholders’ equity of $286.4 billion. Known for leadership in investment banking and consumer financial services, JPMorgan serves a diverse array of clients globally. For further details on the dividends, please visit the Firm's Investor Relations website.

Marianne Lake, Co-Head of Consumer & Community Banking at JPMorgan Chase, will present at the Barclays Global Financial Services Conference on September 14, 2021, at 9:00 a.m. (Eastern). The event will be virtual, allowing global access to stakeholders. A live audio webcast will be available on the official JPMorgan Chase website under Investor Relations. As of June 30, 2021, JPMorgan Chase had $3.7 trillion in assets and $286.4 billion in stockholders’ equity, solidifying its position as a leader in financial services.

J.P. Morgan Asset Management plans to convert select U.S. mutual funds into ETFs in 2022, pending board approval. The four funds targeted for conversion have combined assets of approximately $10 billion as of June 30, 2021. This move aims to enhance J.P. Morgan's investment offerings and align with the growing trend towards ETFs. Additionally, they propose a common board for mutual funds and ETFs to improve governance. The conversions promise to provide investors with active investment options in traditionally passive spaces, maximizing liquidity and transparency.

Chase is enhancing its Sapphire Preferred and Reserve credit cards with new benefits effective August 16. Cardmembers will enjoy increased points on travel, dining, and grocery purchases. Specific upgrades include 5x points on travel through Ultimate Rewards, 3x points on dining and select streaming services, and a $50 annual credit for hotel stays. New Sapphire lounges will also be introduced at major airports, boosting value for cardmembers. Notably, annual fees remain unchanged, ensuring that shoppers continue to receive enhanced services without additional costs.

Morgan Health, a division of JPMorgan Chase (NYSE:JPM), has announced a $50 million investment in Vera Whole Health, marking its first foray into coordinated care models. Vera's approach emphasizes whole person healthcare through advanced primary care, achieving a Net Promoter Score of 90 among its employer partners. This investment aims to enhance the quality and efficiency of employee healthcare while addressing health disparities. Vera, in partnership with Central Ohio Primary Care, seeks to shift from traditional fee-for-service models to a globally capitated structure, focusing on better health outcomes for patients.

Chase has opened bank branches in all lower 48 states, marking a significant expansion milestone. The first branch in Billings, Montana, follows openings in several states earlier this year. The initiative is part of a plan to open 400 new branches by end of 2022, with 220 already launched. Approximately 30% of these branches will be in low-to-moderate income areas. Chase aims to hire 3,000 employees for these new locations. The expansion also grants Qualified Public Depository status, enabling the bank to serve essential community institutions.

JPMorgan Chase has launched the Advancing Black Pathways (ABP) Careers Series aimed at early- and mid-career Black professionals. Hosted by journalist Soledad O’Brien, this six-part series will stream on LinkedIn Live, showcasing various career paths within the firm. Topics include community banking, financial advisory, and technology roles, along with career navigation tips. The initiative reflects JPMorgan Chase's commitment to enhancing diverse representation in its workforce. The first episode airs today at 1 p.m. EST, focusing on financial advisory opportunities.

Chase and Air Canada are launching a partnership, allowing eligible Chase credit cardmembers to transfer Ultimate Rewards points to Aeroplan, enhancing travel rewards options. Starting now, cardmembers can transfer points at a 1:1 ratio, providing access to over 1,300 destinations globally. This addition brings the total to 14 loyalty programs available through Ultimate Rewards. Chase will also exclusively issue Air Canada’s Aeroplan U.S. credit card. Consumers can join a waitlist for early access to the card and earn bonus Aeroplan points upon approval.

JPMorgan Chase & Co. (NYSE: JPM) has filed its Quarterly Report on Form 10-Q for the quarter ended June 30, 2021. The report is accessible on the SEC's website and the Firm's Investor Relations page. As of June 30, 2021, JPMorgan Chase had $3.7 trillion in assets and $286.4 billion in stockholders’ equity. The firm is a leader in various financial services, catering to millions of customers globally, including prominent corporate, institutional, and government clients.