JPMorgan Chase & Co. - JPM STOCK NEWS

On December 10, 2020, J.P. Morgan Asset Management launched the JPMorgan Carbon Transition U.S. Equity ETF (JCTR), aimed at providing core exposure to U.S. equities while targeting a significant reduction in carbon intensity. JCTR seeks to achieve at least 30% less carbon intensity than the Russell 1000 Index and aims for a 7% year-on-year de-carbonization rate, adhering to the EU Climate Transition Benchmark. The investment framework evaluates emissions, resource management, and climate-related risks, focusing on companies that can thrive in a low-carbon economy.

J.P. Morgan (NYSE: JPM) has successfully completed a live, blockchain-based intraday repo transaction, revolutionizing secured financing. This innovative transaction features instantaneous settlement, reducing the process from days to hours. The cash leg utilized JPM Coin, enabling real-time transactions and decreased intraday risk. The blockchain application, developed in-house, will soon be available to external counterparties in the U.S. This initiative, supported by J.P. Morgan's new business unit Onyx, aims to streamline operational processes and enhance liquidity access for clients.

JPMorgan Chase & Co. (NYSE: JPM) has declared a quarterly dividend on its common stock, reaffirming its commitment to shareholder returns. The Firm, with assets totaling $3.2 trillion, continues to be a dominant player in global financial services, catering to millions of customers. This announcement comes as a reassurance to investors, maintaining the confidence in the Firm's financial stability and performance. For more details, visit the Investor Relations website.

JPMorgan Chase has selected Chicago as one of seven cities to receive a $7.2 million investment under its AdvancingCities Challenge. This initiative is part of a larger $500 million effort aimed at fostering inclusive growth and economic opportunity. The funding will support the construction of over 150 affordable housing units and provide financial coaching to residents in South and West side neighborhoods. The collaborative approach aims to enhance homeownership rates among Black and Latino communities, addressing systemic barriers and contributing to local economic recovery.

The Chase Mobile® app has been recognized as the #1 wealth management app in overall customer satisfaction, according to the J.D. Power 2020 study. Customer satisfaction increased by 18 points year-over-year, driven by enhanced features like unlimited commission-free trades and improved app navigation. Notably, account openings on J.P. Morgan's self-directed online platform surged over 400% during market volatility in March 2020. The app excelled in categories such as range of services and clarity of information, reflecting its significant impact on users' investing experiences.

JPMorgan Chase & Co. (NYSE: JPM) has appointed Reggie Chambers as the new head of Investor Relations, effective January 1, 2021. Chambers, who previously served as Chief Administrative Officer for Chase Consumer Banking, will report to CFO Jennifer Piepszak. He brings nearly 20 years of experience in financial services, including roles in management consulting and public service. Jason Scott, the previous head of Investor Relations, will transition to lead Global Technology Finance. This leadership change underscores JPMorgan's commitment to talent mobility.

The United Gateway Card from Chase and United Airlines has launched the "Gateway to Giving" campaign, donating $700,000 to Feeding America, which provides nearly seven million meals to those in need this holiday season. This initiative addresses the 60% increase in food insecurity caused by the COVID-19 pandemic, affecting over 54 million Americans. Cardmembers earn 3x points on grocery purchases. The partnership aims to encourage giving back during the holidays while supporting local food banks in seven major cities across the U.S.

JPMorgan Chase announced a £2 million philanthropic investment to support nonprofit organizations led by Black and ethnic minority leaders during the Powerlist Black Excellence Awards in London. This initiative aims to address the economic disparities exacerbated by COVID-19, focusing on job creation, skills development, and small business growth. It aligns with the firm's broader commitment to racial equity and follows a $30 billion pledge to promote affordable housing and support Black-owned businesses. Collaborating with the London Community Foundation, JPMorgan seeks to empower historically underserved communities.

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.