Fubotv earnings beat by $0.10, revenue topped estimates
Lori A. Beer, Chief Information Officer at JPMorgan Chase & Co. (NYSE:JPM), recently sold shares of the company’s common stock, according to a recent SEC filing. Beer sold 2,053 shares at a price of $269.88 per share, amounting to a total transaction value of $554,053. Following this sale, Beer retains ownership of 52,534 shares in the company.
This transaction was conducted under a pre-arranged trading plan, as noted in the filing.
In other recent news, JPMorgan Chase & Co. has announced the issuance of 300,000 shares of its 6.500% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series OO. This move is part of a broader strategy to adjust its capital structure and includes restrictions on dividend payments if the company fails to declare dividends on this preferred stock. Meanwhile, the bank has initiated a series of job cuts, with some U.S. employees in its Houston offices already informed of their layoffs. This is part of a larger plan to reduce its workforce through 2025.
Additionally, a senior dealmaker in JPMorgan’s natural resources team, Daniele Apa, has retired after a career spanning over two decades. In other developments, the Federal Reserve has ended climate stress tests for major U.S. banks, including JPMorgan, which means these banks will not need to submit data for this program this year. A recent survey by JPMorgan revealed that 71% of institutional traders do not plan to engage in cryptocurrency trading this year, though there is a noted increase in interest compared to last year.
The survey also indicated a unanimous interest in boosting electronic trading activities among traders. These recent developments reflect JPMorgan’s strategic adjustments in workforce, capital structure, and market engagement amid evolving regulatory and market environments.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.