JPMorgan Chase & Co. - JPM STOCK NEWS

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.

Chase for Business, part of JPMorgan Chase (NYSE: JPM), has launched a new business checking account called Business Complete Banking, featuring QuickAccept. This tool allows business owners to process card payments instantly, with same-day fund availability. CEO Jen Roberts emphasizes the integration of essential banking needs into one platform. This service includes fee waivers based on Chase Ink card purchases and payment processing volumes. Despite early successes in 2020, Chase reported a nearly 50% decline in small business credit and debit sales in April as businesses adapted to closures.

Chase Auto and Subaru of America have renewed their private label agreement, continuing Chase as the finance provider for Subaru. Since 2001, Chase has supported over 630 Subaru retailers and financed nearly four million Subaru drivers through Subaru Motors Finance. This partnership has aimed to enhance customer satisfaction by providing valuable vehicle financing options, affirming Subaru's focus on long-term vehicle value. The Subaru Motors Finance team has received recognition for its service, being ranked #2 in J.D. Power's Dealer Financing Satisfaction Study for two consecutive years.