Date | Price Target | Rating | Analyst |
---|---|---|---|
1/9/2024 | $140.00 → $190.00 | Hold → Buy | Deutsche Bank |
12/18/2023 | Outperform → Buy | Daiwa Securities | |
11/2/2023 | $140.00 | Buy → Hold | Odeon |
9/7/2023 | $159.00 | Hold | HSBC Securities |
7/12/2023 | $160.00 | Buy → Neutral | Citigroup |
7/11/2023 | $149.00 → $165.00 | Hold → Buy | Jefferies |
7/10/2023 | Buy → Hold | Societe Generale | |
7/7/2023 | $170.00 | Peer Perform → Outperform | Wolfe Research |
(State or other jurisdiction of incorporation or organization) | (Commission File Number) | (I.R.S. employer identification no.) | ||||||||||||
(Address of principal executive offices) | (Zip Code) |
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||
Exhibit No. | Description of Exhibit | |||||||
99 | ||||||||
101 | Pursuant to Rule 406 of Regulation S-T, the cover page is formatted in Inline XBRL (Inline eXtensible Business Reporting Language). | |||||||
104 | Cover Page Interactive Data File (embedded within the Inline XBRL document and included in Exhibit 101). |
JPMorgan Chase & Co. | ||
(Registrant) |
By: | /s/ Jordan A. Costa | ||||
Jordan A. Costa | |||||
Managing Director | |||||
Dated: | June 28, 2024 |
Deutsche Bank upgraded JPMorgan Chase from Hold to Buy and set a new price target of $190.00 from $140.00 previously
Daiwa Securities upgraded JPMorgan Chase from Outperform to Buy
Odeon downgraded JPMorgan Chase from Buy to Hold and set a new price target of $140.00
HSBC Securities initiated coverage of JPMorgan Chase with a rating of Hold and set a new price target of $159.00
Citigroup downgraded JPMorgan Chase from Buy to Neutral and set a new price target of $160.00
Jefferies upgraded JPMorgan Chase from Hold to Buy and set a new price target of $165.00 from $149.00 previously
Societe Generale downgraded JPMorgan Chase from Buy to Hold
Wolfe Research upgraded JPMorgan Chase from Peer Perform to Outperform and set a new price target of $170.00
Odeon upgraded JPMorgan Chase from Hold to Buy
Wells Fargo upgraded JPMorgan Chase from Equal Weight to Overweight and set a new price target of $155.00 from $148.00 previously
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JPMorgan Chase & Co. (NYSE:JPM) ("JPMorgan Chase" or the "Firm") has announced updated information relating to its third quarter dividend, common share repurchase program and regulatory capital requirements. Information can be found on the Firm's Investor Relations website at jpmorganchase.com/ir/news. JPMorgan Chase & Co. (NYSE:JPM) is a leading financial services firm based in the United States of America ("U.S."), with operations worldwide. JPMorgan Chase had $4.1 trillion in assets and $337 billion in stockholders' equity as of March 31, 2024. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction pr
JPMorgan Chase & Co. (NYSE:JPM) ("JPMorgan Chase" or the "Firm") has declared dividends on the outstanding shares of the Firm's Series CC, FF and HH preferred stock. Information can be found on the Firm's Investor Relations website at https://www.jpmorganchase.com/ir/news. JPMorgan Chase & Co. (NYSE:JPM) is a leading financial services firm based in the United States of America ("U.S."), with operations worldwide. JPMorgan Chase had $4.1 trillion in assets and $337 billion in stockholders' equity as of March 31, 2024. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management.
As previously announced, JPMorgan Chase & Co. (NYSE:JPM) ("JPMorgan Chase" or the "Firm") will host a conference call to review second-quarter 2024 financial results on Friday, July 12, 2024 at 8:30 a.m. (EDT). The results are scheduled to be released at approximately 7:00 a.m. (EDT). The live audio webcast and presentation slides will be available on www.jpmorganchase.com under Investor Relations, Events & Presentations. JPMorgan Chase will notify the public that financial results have been issued through its social media outlet @JPMorgan and @Chase on Twitter, and by a press release over Business Wire that will provide the link to the Firm's Investor Relations website. In addition to be
Fractional shares, alerts and performance tools help make it easier to invest on your own J.P. Morgan Self-Directed Investing continues to roll out enhancements to help clients make informed decisions, build a diversified portfolio and keep a pulse on their performance. With the latest capability, investors can buy a fraction of a stock or exchange-traded fund for as little as $5. Clients can access J.P. Morgan Self-Directed Investing on the Chase Mobile app or on chase.com and now trade over 800 stocks and ETFs, based on a dollar amount, with no commissions. The online platform offers a seamless banking and investing experience. Clients can trade, access research, and manage investment
JPMorgan Chase & Co. (NYSE:JPM) ("JPMorgan Chase" or the "Firm") declared a quarterly dividend on the outstanding shares of the common stock of JPMorgan Chase. Information can be found on the Firm's Investor Relations website at https://www.jpmorganchase.com/ir/news. JPMorgan Chase & Co. (NYSE:JPM) is a leading financial services firm based in the United States of America ("U.S."), with operations worldwide. JPMorgan Chase had $4.1 trillion in assets and $337 billion in stockholders' equity as of March 31, 2024. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management. Under
NEW YORK, May 16, 2024 /PRNewswire/ -- J.P. Morgan Real Estate Income Trust, Inc. (JPMREIT) announced today it acquired a 95% interest in Shops at Grand Avenue, a 99,837-square foot, 100% leased, Class A grocery–anchored shopping center in the Maspeth neighborhood of Queens, NY. This acquisition is part of a strategic joint venture to pursue retail opportunities with Acadia Realty Trust (NYSE:AKR), an equity real estate investment trust. The total purchase price was $48 million (exclusive of closing costs), bringing the total asset value of the JPMREIT portfolio to more than $400 million.
JPMorgan Chase & Co. (NYSE:JPM) ("JPMorgan Chase" or the "Firm") has declared dividends on the outstanding shares of the Firm's Series DD, EE, GG, JJ, KK, LL, MM and NN preferred stock. Information can be found on the Firm's Investor Relations website at https://www.jpmorganchase.com/ir/news. JPMorgan Chase & Co. (NYSE:JPM) is a leading financial services firm based in the United States of America ("U.S."), with operations worldwide. JPMorgan Chase had $4.1 trillion in assets and $337 billion in stockholders' equity as of March 31, 2024. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing a
JPMorgan Chase & Co. (NYSE:JPM) ("JPMorgan Chase" or the "Firm") declared a quarterly dividend on the outstanding shares of the common stock of JPMorgan Chase. Information can be found on the Firm's Investor Relations website at https://www.jpmorganchase.com/ir/news. JPMorgan Chase & Co. (NYSE:JPM) is a leading financial services firm based in the United States of America ("U.S."), with operations worldwide. JPMorgan Chase had $3.9 trillion in assets and $328 billion in stockholders' equity as of December 31, 2023. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management. Un
JPMorgan Chase & Co. (NYSE:JPM) ("JPMorgan Chase" or the "Firm") has declared dividends on the outstanding shares of the Firm's Series Q, R, S, U and CC preferred stock. Information can be found on the Firm's Investor Relations website at https://www.jpmorganchase.com/ir/news. JPMorgan Chase & Co. (NYSE:JPM) is a leading financial services firm based in the United States of America ("U.S."), with operations worldwide. JPMorgan Chase had $3.9 trillion in assets and $328 billion in stockholders' equity as of December 31, 2023. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset mana
As previously announced, JPMorgan Chase & Co. (NYSE:JPM) ("JPMorgan Chase" or the "Firm") will host a conference call to review first-quarter 2024 financial results on Friday, April 12, 2024 at 8:30 a.m. (EDT). The results are scheduled to be released at approximately 7:00 a.m. (EDT). The live audio webcast and presentation slides will be available on www.jpmorganchase.com under Investor Relations, Events & Presentations. JPMorgan Chase will notify the public that financial results have been issued through its social media outlet @JPMorgan and @Chase on Twitter, and by a press release over Business Wire that will provide the link to the Firm's Investor Relations website. In addition to be
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The Women Presidents Organization announces the businesses on this year's list ahead of annual Entrepreneurial Excellence Forum NEW YORK, May 15, 2024 /PRNewswire/ -- Today, the Women Presidents Organization (WPO) announced the businesses recognized on the annual 50 Fastest Growing Women-Owned/Led Companies ranking, sponsored by JPMorgan Chase. Companies in the health and wellness industries lead this year's list, alongside firms specializing in security, technology, staffing, human capital management and professional services. This year's three fastest-growing businesses are:
NEW YORK, April 9, 2024 /PRNewswire/ -- J.P. Morgan Asset Management today announced that Chris Meredith is joining as Chief Investment Officer (CIO) - Tax-Smart Strategies. He joins the team from O'Shaughnessy Asset Management. In this new role, Mr. Meredith will be responsible for the management and further development of tax-smart investment capabilities across index and active strategies. "We're thrilled that Chris is joining our team to help extend our leadership position in tax-smart capabilities across active and index SMAs, and ETF model portfolios alongside our partne
Will lead new ETF Insights program NEW YORK, March 13, 2024 /PRNewswire/ -- J.P. Morgan Asset Management ("The Firm") today announced that industry-veteran, Jon Maier, is joining as Chief ETF Strategist, effective March 18. In the role, Maier will lead ETF Insights, a global program of actionable thought leadership and resources for the rapidly growing and evolving ETF universe. "The asset management industry is at an inflection point with the growth of active ETFs. We are building on our industry leading advice and insights programs to help investors take full advantage of
LGBTQ+ founders gain access to peer network, mentorship and business resources to support long-term growth Today, StartOut and J.P. Morgan welcomed the newest cohort of companies to the Growth Lab Accelerator. With less than one percent of startup funding allocated toward LGBTQ+ founders in 2023, as found by a recent StartOut study, this five-month program is critical in providing resources and education to help entrepreneurs grow and compete. Seventy-four companies have participated in Growth Lab since 2016, raising more than $892 million in funding and creating approximately 4,216 jobs. As co-lead sponsor of the program, J.P. Morgan provides Growth Lab participants with access to the
NEW YORK, Feb. 27, 2024 /PRNewswire/ -- J.P. Morgan Life Sciences Private Capital today announced the addition of David Epstein to its Healthcare Advisory Board. Mr. Epstein was CEO of Seagen before closing its sale to Pfizer in December 2023. David previously served as Executive Partner at Flagship Pioneering as well as CEO of Novartis Pharmaceuticals. His 30 years of industry experience includes drug development, deal making, venture investing, commercialization, and leadership experience on a global scale. Mr. Epstein will now advise the J.P. Morgan Life Sciences Private Ca
JPMorgan Chase (NYSE:JPM) announced today that Mark Weinberger, 62, has been elected to its Board of Directors, effective immediately. He will also serve as a member of the Board's Audit Committee. Mr. Weinberger was Global Chairman and Chief Executive Officer of Ernst & Young (EY) from 2013 to 2019. During his tenure, he led the global professional services organization through a purpose-driven transformation across more than 150 countries to deliver on EY's mission of building a better working world. He currently sits on the boards of public companies Johnson & Johnson, MetLife and Saudi Aramco, as well as JUST Capital and the National Bureau of Economic Research. In addition, he serves
TORONTO, Dec. 20, 2023 /CNW/ -- J.P. Morgan Asset Management in Canada, today, announced that Jay Rana will be joining the newly formed Canada Advisor Business, effective January 1, 2024. In this new role, he will be responsible for bringing J.P. Morgan Asset Management's industry leading global alternative investment capabilities to financial advisors across the country, maintaining relationships and assisting clients in understanding the firm's investment solutions. Mr. Rana has over 25 years of experience with both Canadian and global asset management organizations and, mos
These corporate partnerships exemplify a collective commitment to bridging the skills gap and fostering a more inclusive and skilled workforce. SEATTLE, Nov. 15, 2023 /PRNewswire/ -- In celebration of National Apprenticeship Week (Nov 13 - 19), Apprenti, a leader in nationally registered tech apprenticeships, announces broad corporate support in addressing the workforce skills gap via assistance and partnership from JPMorgan Chase, Dow, Visa and Amazon. JPMorgan Chase has unveiled new and expanded philanthropic commitments totaling $3.5 million, which includes a significant $1 million investment in Apprenti. Dow, on the other hand, is introducing a groundbreaking apprentice program in partne
Just in time for the holiday season, Chase Sapphire Reserve cardmembers now have even more highly curated, luxury properties to access elevated perks and elite benefits Chase Travel, a travel industry leader and business unit of JPMorgan Chase & Co., officially welcomed Four Seasons Hotels and Resorts, a leading luxury hospitality company, into The Luxury Hotel & Resort Collection℠ - a top travel benefit for Chase Sapphire Reserve cardmembers. This growing, curated network of the most sought after luxury hotels and resorts is now available in 360 markets globally. Four Seasons Hotels and Resorts will represent the largest brand in the program, with 118 properties around the world set to
Radian Group Inc. (NYSE:RDN) today announced that Anne Leyden has been appointed to serve on its Board of Directors. Anne is a senior human capital management executive with broad consumer and business-to-business leadership experience in the financial services and consumer credit sectors. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230807034151/en/Anne Leyden, Radian Board Member (Photo: Business Wire) "Anne is an extremely talented leader and strategist, and we are very pleased to welcome her to the Radian Board," said Radian Board Chairman Howard B. Culang. "Throughout her career, Anne has demonstrated an impressive abilit
JPMorgan Chase & Co. (NYSE:JPM) ("JPMorgan Chase" or the "Firm") announced today that it has released the results of its company-run 2024 Dodd-Frank Act Stress Test for JPMorgan Chase & Co. and JPMorgan Chase Bank, National Association. Information can be found on the Firm's website at www.jpmorganchase.com under Investor Relations, Events & Presentations, 2024 Dodd-Frank Act Stress Test Results. JPMorgan Chase & Co. (NYSE:JPM) is a leading financial services firm based in the United States of America ("U.S."), with operations worldwide. JPMorgan Chase had $4.1 trillion in assets and $337 billion in stockholders' equity as of March 31, 2024. The Firm is a leader in investment banking, fin
JPMorgan Chase & Co. (NYSE:JPM) ("JPMorgan Chase" or the "Firm") has announced updated information relating to its third quarter dividend, common share repurchase program and regulatory capital requirements. Information can be found on the Firm's Investor Relations website at jpmorganchase.com/ir/news. JPMorgan Chase & Co. (NYSE:JPM) is a leading financial services firm based in the United States of America ("U.S."), with operations worldwide. JPMorgan Chase had $4.1 trillion in assets and $337 billion in stockholders' equity as of March 31, 2024. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction pr
JPMorgan Chase & Co. (NYSE:JPM) ("JPMorgan Chase" or the "Firm") has reviewed the Federal Reserve's 2024 stress test results and specifically the Federal Reserve's projections for Other Comprehensive Income ("OCI"). Based on the Firm's own assessment, the benefit in OCI appears to be too large. Should the Firm's analysis be correct, the resulting stress losses would be modestly higher than those disclosed by the Federal Reserve. As of March 31, 2024, the Firm reported a Standardized Common Equity Tier 1 ("CET1") capital ratio of 15.0%, as compared with current regulatory requirements of 11.9%, which represents approximately $54 billion of excess capital. This press release contains forw
Bank to double its downtown Miami office space and add new office location in West Palm Beach Firm adding capacity for 400 additional employees at Brickell office location Study shows JPMorganChase contributes $1.93 billion annually to the region's economy, stimulating an additional 5,300 local jobs Miami office projects will create more than 380 local construction jobs annually Firm opening new West Palm Beach office and three J.P. Morgan -branded branches in Palm Beach County next year JPMorganChase today unveiled renovation and expansion plans for its Brickell office location in Downtown Miami, and announced it is opening a 13,000 square foot office in West Palm Beach, re
Freedom and Freedom Flex® cardmembers can make the most of their summer by earning 5% across activated cash back categories Calling all live entertainment lovers, movie buffs and road trip adventurers! Chase Freedom is rolling out the red carpet for an epic summer of "cashbacking" adventures. Today, Chase Freedom unveiled its exciting new rotating bonus categories, giving Freedom and Freedom Flex cardmembers the chance to earn big while enjoying all the fun summer has to offer. "We want our cardmembers to be the heroes of their own summer stories," said Brent Reinhard, General Manager of Chase Freedom. "These cash back categories are all about creating moments that matter, from escaping
JPMorgan Chase & Co. (NYSE:JPM) ("JPMorgan Chase" or the "Firm") has declared dividends on the outstanding shares of the Firm's Series CC, FF and HH preferred stock. Information can be found on the Firm's Investor Relations website at https://www.jpmorganchase.com/ir/news. JPMorgan Chase & Co. (NYSE:JPM) is a leading financial services firm based in the United States of America ("U.S."), with operations worldwide. JPMorgan Chase had $4.1 trillion in assets and $337 billion in stockholders' equity as of March 31, 2024. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management.
NEW YORK, June 13, 2024 /PRNewswire/ -- J.P. Morgan Private Capital, a venture capital and growth equity investment team within J.P. Morgan Asset Management, today announced the final close of the first Life Sciences Private Capital offering, 270 Life Sciences Private Capital Fund I (the "Fund"), led by Chief Investment Officer Stephen Squinto, Ph.D. and Managing Partner Gaurav Gupta, M.D., M.S.E. The fund closed above its $500 million target, attracting strong support from investors, including institutional allocators, strategic corporate partners, family offices and high net worth individuals across North America, Europe, the Middle East, and Asia, as well as JPMorgan Chase & Co.
As previously announced, JPMorgan Chase & Co. (NYSE:JPM) ("JPMorgan Chase" or the "Firm") will host a conference call to review second-quarter 2024 financial results on Friday, July 12, 2024 at 8:30 a.m. (EDT). The results are scheduled to be released at approximately 7:00 a.m. (EDT). The live audio webcast and presentation slides will be available on www.jpmorganchase.com under Investor Relations, Events & Presentations. JPMorgan Chase will notify the public that financial results have been issued through its social media outlet @JPMorgan and @Chase on Twitter, and by a press release over Business Wire that will provide the link to the Firm's Investor Relations website. In addition to be
NEW YORK, June 3, 2024 /PRNewswire/ -- J.P. Morgan Asset Management today announced the hiring of Shayan Hussain as its Head of US Investment Specialists within the firm's Global Fixed Income, Currency & Commodities (GFICC) team. Mr. Hussain joins the firm from BlackRock, where he was Head of Americas Fundamental Fixed Income Product Strategy. He will report to U.S. CIO of Fixed Income Kay Herr and be based in New York. In this new role, Mr. Hussain will run a team that focuses on investment products and strategies within GFICC, working closely with investors to help identif
Fractional shares, alerts and performance tools help make it easier to invest on your own J.P. Morgan Self-Directed Investing continues to roll out enhancements to help clients make informed decisions, build a diversified portfolio and keep a pulse on their performance. With the latest capability, investors can buy a fraction of a stock or exchange-traded fund for as little as $5. Clients can access J.P. Morgan Self-Directed Investing on the Chase Mobile app or on chase.com and now trade over 800 stocks and ETFs, based on a dollar amount, with no commissions. The online platform offers a seamless banking and investing experience. Clients can trade, access research, and manage investment
Several prominent U.S. banks have declared their intentions to raise their dividends for Q3, following their successful performance in the Federal Reserve’s annual stress test. What Happened: U.S. banks such as JPMorgan Chase & Co (NYSE:JPM), Bank of America Corp (NYSE:BAC), and Citigroup Inc (NYSE:C) have decided to increase their dividends for the third quarter. This decision comes in the wake of the banks proving their resilience against severe economic and market disruptions in the Federal Reserve’s yearly health assessment, reports Reuters. The largest U.S. lender, JPMorgan Chase, has upped its dividend to $1.25 per share from $1.15 and has approved $30 billion in fresh share
Investors with a lot of money to spend have taken a bearish stance on JPMorgan Chase (NYSE:JPM). And retail traders should know. We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga. Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with JPM, it often means somebody knows something is about to happen. So how do we know what these investors just did? Today, Benzinga's options scanner spotted 41 uncommon options trades for JPMorgan Chase. This isn't normal. The overall sentiment of these big-money traders is split between 39% bullish and 48%, bearish. Out of all of the
Ten major banks, including Goldman Sachs Group Inc. (NYSE:GS), JPMorgan Chase & Co. (NYSE:JPM), and BNP Paribas SA (OTC:BNPQF), have agreed to pay a combined $46 million to resolve a long-standing lawsuit. The banks have been accused of conspiring to stifle competition in interest-rate swaps trading. What Happened: The banks have denied any wrongdoing but have chosen to settle the antitrust lawsuit filed by investors over eight years ago. The settlement was submitted to a New York federal court on Thursday. The plaintiffs have requested that U.S. District Judge Paul Oetken grant preliminary approval, Bloomberg reported on Thursday. Other banks involved in the settlement include Bank of
This whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner. Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. Here's the list of options activity happening in today's session: Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume RILY PUT SWEEP BEARISH 07/05/24 $18.00 $34.9K 3.0K 2.4K JPM CALL SWEEP BEARISH 07/19/24 $200.00 $59.1
The largest American banks were less than thrilled with the outcomes of the Federal Reserve’s 2024 Stress Tests, designed to measure the resilience of financial institutions’ capital in the event of a deep recession. Although the 2024 Stress Tests confirmed that all 31 banks analyzed would meet the minimum capital requirements even during a severe crisis, the potential losses these banks would face are projected to be higher than the previous year. Goldman Sachs analyst Richard Ramsden noted that the Stress Test results “were broadly worse than expected for the banks.” Ramsden explained that the year-over-year change in results was largely driven by banks generating much lower pre-p
JPMorgan (NYSE:JPM) analysts are predicting a potential bump in the road for Bitcoin (CRYPTO: BTC) prices this July. What Happened: Their report, released Wednesday, highlights the upcoming repayments to creditors of defunct crypto exchange Mt. Gox as a source of downward pressure on the market. “A similar downside risk looms in July with Mt. Gox creditors,” the report states, led by analyst Nikolaos Panigirtzoglou, according to The Block. This concern stems from the expectation that some creditors will sell a portion of their recovered Bitcoin. The analysts point to the recent distribution of crypto assets to Gemini Earn product creditors as a precedent. After receiving the
JPMorgan Chase & Co. (NYSE:JPM) ("JPMorgan Chase" or the "Firm") has reviewed the Federal Reserve's 2024 stress test results and specifically the Federal Reserve's projections for Other Comprehensive Income ("OCI"). Based on the Firm's own assessment, the benefit in OCI appears to be too large. Should the Firm's analysis be correct, the resulting stress losses would be modestly higher than those disclosed by the Federal Reserve. As of March 31, 2024, the Firm reported a Standardized Common Equity Tier 1 ("CET1") capital ratio of 15.0%, as compared with current regulatory requirements of 11.9%, which represents approximately $54 billion of excess capital. This press release contains forward
The six biggest banks in the U.S. have not let this week’s stress tests on capital levels deter them from returning value to shareholders. JPMorgan Chase & Co. (NYSE:JPM), Bank of America Corporation (NYSE:BAC), Wells Fargo & Company (NYSE:WFM), Citigroup Inc. (NYSE:C), U.S. Bancorp (NYSE:USB) and The PNC Financial Services Group, Inc. (NYSE:PNC) bought back more than $14 billion in shares in the first quarter, registering a 73% leap from the pace set in the last six months of 2023, Bloomberg reported. The annual stress test, which came out of the 2008 financial crisis and is set to release the latest results on Wednesday, often determines how eager banks are in returning capital to sh
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