Trump seeking economic deal with China as fresh trade talks loom- WSJ
Lori A. Beer, the Chief Information Officer at JPMorgan Chase & Co. (NYSE:JPM), recently sold a portion of her holdings in the company. According to the latest SEC filing, Beer sold 2,052 shares of common stock on March 24, 2025, at an average price of $246.93 per share. This transaction amounted to a total value of approximately $506,697. Following the sale, Beer retains direct ownership of 50,482 shares in the banking giant. The stock, which currently trades at a P/E ratio of 12.54 and offers a dividend yield of 2.32%, has raised its dividend for 14 consecutive years. InvestingPro subscribers can access 8 more key insights about JPM’s financial health and growth prospects through the comprehensive Pro Research Report.
In other recent news, JPMorgan Chase has announced a quarterly dividend for its common stock shareholders, reflecting its commitment to shareholder value. The firm reported $4.0 trillion in assets and $345 billion in stockholders’ equity as of December 31, 2024. In a strategic move, JPMorgan Chase has also introduced Inverse VIX Short-Term Futures Exchange-Traded Notes (ETNs) on NYSE Arca, aimed at providing investors exposure to the inverse performance of the volatility index. The ETNs, maturing in 2045, are guaranteed by the parent company and come with a daily investor fee. Additionally, JPMorgan Chase’s acquisition of the student-finance startup Frank resulted in only 10 new checking accounts, despite high initial expectations for a large influx of young clients.
Moreover, JPMorgan Chase has made changes to its Diversity, Equity, and Inclusion programs, renaming them to Diversity, Opportunity (SO:FTCE11B), and Inclusion, aligning with market trends and regulatory changes. The bank plans to decrease the training provided on these topics and consolidate certain activities. In a bid to bolster its mergers and acquisitions capabilities, JPMorgan Chase has hired Jens Becker from UBS Group AG (NYSE:UBS) as a managing director, focusing on energy, power, renewables, and metals and mining sectors. These recent developments highlight JPMorgan Chase’s ongoing strategic initiatives and adjustments across various aspects of its business operations.
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