JPMorgan Chase announces dividends on Series CC preferred stock

NEW YORK - JPMorgan Chase & Co. (NYSE: JPM), a major player in the global financial services industry, has announced the declaration of dividends on its Series CC preferred stock. The announcement was made earlier this week, with details available on the company’s Investor Relations website.

The financial institution, which boasts $4.0 trillion in assets and $345 billion in stockholders’ equity as of December 31, 2024, operates under the J.P. Morgan and Chase brands. With a market capitalization of $650 billion and strong revenue growth of 14.49% in the last twelve months, it provides a range of services including investment banking, consumer and small business financial services, commercial banking, financial transaction processing, and asset management.

JPMorgan Chase serves a diverse clientele, including millions of consumers in the United States and numerous prominent corporate, institutional, and government clients worldwide. InvestingPro analysis shows the company trading at an attractive P/E ratio of 11.74, with analysts expecting continued profitability ahead of its next earnings report on April 11, 2025.

This dividend declaration is a routine part of the company’s financial operations, reflecting its ongoing commitment to providing returns to its shareholders. Investors and shareholders of JPMorgan Chase can access further details regarding the dividend on the firm’s Investor Relations webpage.

The announcement is based on a press release statement and does not include any forward-looking statements or speculative information. The news is presented as a factual report on JPMorgan Chase’s latest financial activity concerning its Series CC preferred stock dividends.

In other recent news, JPMorgan Chase & Co. reported insights into its current financial strategies and market position. At a recent investor meeting, JPMorgan’s CFO, Jeremy Barnum, highlighted the bank’s focus on managing expenses, with a guidance of approximately $95 billion in expected expenses by 2025. This comes alongside a significant increase in the company’s headcount, which has grown to 317,000 in 2024. Additionally, Truist Securities maintained its Hold rating on JPMorgan’s stock, setting a price target of $268, reflecting a cautious stance amid economic volatility. Meanwhile, Baird analysts upgraded JPMorgan’s stock rating from Underperform to Neutral and raised the price target to $220, citing the bank’s strong capital position and potential to capture market share.

In other developments, the U.S. Consumer Financial Protection Bureau dropped its lawsuit against JPMorgan and two other banks regarding the Zelle payment service, previously alleging inadequate consumer fraud protection. Furthermore, JPMorgan is set to play a significant advisory role for Cineworld Group’s potential IPO and merger explorations in the U.S. market. This move involves Cineworld considering a listing for its operations outside the UK and exploring mergers with major cinema operators. These recent developments provide a glimpse into JPMorgan’s strategic maneuvers and the broader financial landscape.

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