JPMorgan Chase & Co. - JPM STOCK NEWS

Chase has launched My Chase Plan, a digital 'buy now, pay later' feature for eligible credit card users, allowing them to pay for purchases over $100 in fixed monthly installments without interest. This service aims to assist consumers during the holiday season, with 52% of respondents in a Chase survey citing budgeting for gifts as a significant challenge. My Chase Plan provides flexibility, transparency, and control over finances, with payment durations ranging from 3 to 18 months. Cardmembers can continue to earn rewards while managing their payment plans easily through the Chase app or website.

JPMorgan Chase & Co. (NYSE: JPM) has declared dividends on its Series V preferred stock. The financial services firm, with assets totaling $3.2 trillion, continues to lead in various sectors, including investment banking and asset management. This announcement is a significant move, ensuring returns for shareholders. For full details, visit the Firm’s Investor Relations website.

J.P. Morgan Asset Management has released its 2021 Long-Term Capital Market Assumptions (LTCMAs), focusing on the economic impacts of COVID-19. Growth projections show a slight increase to 2.4% globally, with developed markets at 1.6% and emerging markets at 3.9%. Inflation forecasts remain steady at 2.2%. The firm expects an era of heightened fiscal stimulus and elevated debt levels. U.S. large-cap equity returns are expected to decline by 1.5% to 4.1%, while alternative assets like infrastructure are forecasted to perform better, with global core infrastructure equity returns at 6.1%.

JPMorgan Chase has partnered with the New Voices Foundation to launch the New Voices Banking Bootcamp, aimed at empowering women of color entrepreneurs. Starting November 30 and running until December 18, the bootcamp will provide essential business banking education, helping participants master finances and improve banking relationships. The program will also offer a $10,000 award upon completion. This initiative responds to survey findings revealing that 72.86% of women of color entrepreneurs struggle with banking relationships, which severely limits their access to funding.

JPMorgan Chase & Co. (NYSE: JPM) has filed its Quarterly Report on Form 10-Q for the quarter ending September 30, 2020, with the SEC. This report provides essential updates about the firm's financial performance and can be accessed on the SEC's website and JPMorgan's Investor Relations page. With assets totaling $3.2 trillion, JPMorgan Chase operates globally, offering a range of financial services including investment banking and asset management. The firm continues to serve millions of consumers and large institutional clients worldwide.

Jamie Dimon, CEO of JPMorgan Chase & Co. will present at the Goldman Sachs U.S. Financial Services Conference on December 8, 2020, at 4:20 p.m. Eastern. The event will be held virtually, and a live webcast can be accessed via www.jpmorganchase.com under Investor Relations, Events & Presentations.

JPMorgan Chase, a prominent financial services firm, boasts $3.2 trillion in assets and serves millions globally. The firm is also part of the Dow Jones Industrial Average and offers a wide range of financial services.

JPMorgan Chase has appointed Phebe N. Novakovic as a director effective December 7, 2020. Ms. Novakovic, age 62, has been the CEO of General Dynamics since 2013 and has held multiple executive roles since joining the firm in 2001. Her extensive experience in leadership and the defense sector is expected to provide valuable insights as JPMorgan navigates a rapidly changing environment. Chairman and CEO Jamie Dimon emphasized her reputation and knowledge in technology and cyber as significant assets for the firm’s growth and customer service enhancements.

J.P. Morgan (NYSE:JPM) has launched Liink, a rebranding of its Interbank Information Network (IIN), which aims to enhance blockchain-based applications for payment verification. The introduction includes two new applications, Confirm and Format, designed to validate account information and payment instruction compliance, respectively. This initiative, developed with input from over 400 institutional participants, aligns with J.P. Morgan's commitment to innovation and collaboration in the financial sector. Liink is part of the Onyx initiative, aiming to transform global money movement.

Chase Sapphire has partnered with Peloton to enhance wellness benefits for cardmembers. Starting now, Sapphire Reserve cardmembers can earn up to $120 in statement credits for eligible Peloton memberships, while Preferred cardmembers can earn up to $60. This initiative, valid through December 31, 2021, aims to provide value to cardmembers by connecting them with the Peloton community. Cardmembers can access various fitness classes via the Peloton App, further enriching their fitness experience.