JPMorgan Chase & Co. - JPM STOCK NEWS

JPMorganChase has announced a $6 million philanthropic commitment and joint policy recommendations to support expanded affordable homeownership opportunities in Latino communities across the United States. This initiative, in partnership with UnidosUS, aims to address the significant homeownership gap between Latino and White households, which currently stands at nearly 25%.

The commitment includes support for UnidosUS's HOME (Home Ownership Means Equity) initiative, which seeks to create 4 million new Latino homeowners by 2030. Key focus areas include creating a state-wide Latino homeownership blueprint in California, supporting Latino-focused research, and facilitating best practices exchange among UnidosUS affiliates.

Additionally, JPMorganChase has expanded its homebuyer grant from $5,000 to $7,500 in communities identified as majority-Black, Hispanic, or Latino. The firm has also released joint policy recommendations with UnidosUS to address barriers to homeownership, including expanding funding for affordable housing supply and reducing homeownership costs.

JPMorgan Chase & Co. (NYSE: JPM) has declared dividends on its outstanding preferred stock series DD, EE, GG, JJ, KK, LL, MM, and NN. As of June 30, 2024, JPMorganChase reported $4.1 trillion in assets and $341 billion in stockholders' equity. The firm is a leading financial services company based in the United States, with global operations. JPMorganChase is a leader in investment banking, consumer and small business financial services, commercial banking, financial transaction processing, and asset management. Under the J.P. Morgan and Chase brands, it serves millions of U.S. customers and prominent corporate, institutional, and government clients worldwide.

JPMorgan Chase & Co. has announced its second-quarter 2024 financial results. The financial giant reported total assets of $4.1 trillion and stockholders’ equity of $341 billion as of June 30, 2024. The firm operates globally in investment banking, financial services for both consumers and businesses, commercial banking, financial transaction processing, and asset management. It serves millions of customers in the U.S. and has a substantial international presence, catering to corporate, institutional, and government clients. Detailed results can be found on JPMorgan Chase's Investor Relations website.

J.P. Morgan Private Capital has announced the appointment of Joseph Siletto as Co-Managing Partner in their Life Sciences Private Capital division. Siletto, previously with Vivo Capital, will work alongside Anya Schiess and Gaurav Gupta, focusing on investments in healthcare companies from Series B to pre-IPO stages. The team will target sectors like biotechnology, medical devices, health tech, and diagnostics. With over 25 years of experience, Siletto aims to leverage J.P. Morgan's resources to identify innovative healthcare opportunities that improve disease treatment and patient outcomes.

Chase and Marriott Bonvoy have enhanced the Marriott Bonvoy Bold Credit Card with new travel benefits and expanded point-earning categories. Cardholders can now earn 2X points on groceries, rideshare, select food delivery, streaming, and internet services, with no annual fee. A new Travel Now, Pay Later option allows cardholders to break up travel purchases into equal monthly payments without interest or fees. Automatic Silver Elite status provides perks like Priority Late Checkout and 10% more points on stays. New cardmembers can earn 60,000 bonus points and a Free Night Award after spending $2,000 in the first three months.

JPMorgan Chase (NYSE: JPM) has published the results of its 2024 Dodd-Frank Act Stress Test. The test assessed the firm's resilience under hypothetical adverse economic conditions. As of March 31, 2024, JPMorgan Chase reported $4.1 trillion in assets and $337 billion in stockholders' equity. The firm remains a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. The full results are accessible on their website under Investor Relations.

JPMorgan Chase (NYSE: JPM) has released an update on its third quarter dividend, share repurchase program, and regulatory capital requirements.

Details are available on the firm's Investor Relations website. As of March 31, 2024, JPMorgan Chase held $4.1 trillion in assets and $337 billion in stockholders' equity.

The firm operates globally in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management, under the J.P. Morgan and Chase brands.

JPMorgan Chase (NYSE: JPM) has reviewed the Federal Reserve’s 2024 stress test results. The firm found the Fed's projections for Other Comprehensive Income (OCI) to be overly optimistic. JPMorgan's analysis suggests that actual stress losses could be slightly higher than the Fed's estimates.

As of March 31, 2024, JPMorgan reported a Standardized Common Equity Tier 1 (CET1) capital ratio of 15.0%, which is significantly above the regulatory requirement of 11.9%. This equates to approximately $54 billion in excess capital.

JPMorgan Chase has announced significant expansion plans in South Florida, including doubling its downtown Miami office space to 160,000 square feet and adding a new 13,000 square foot office in West Palm Beach. The expansion will accommodate 400 more employees in Miami and 60 in West Palm Beach. A study shows the firm contributes $1.93 billion annually to South Florida’s economy, generating 5,300 local jobs. The construction is expected to create 380 jobs annually. JPMorgan Chase will also open three J.P. Morgan Financial Centers in Palm Beach County next year. The expansion reflects the firm's commitment to South Florida's economic growth and its strategic importance.