Microsoft sued by Australia competition regulator over Copilot, 365 pricing
JPMorgan Chase & Co. (NYSE:JPM) announced Wednesday that it has closed public offerings totaling $5 billion in fixed-to-floating rate notes. The offerings include $2 billion in aggregate principal amount of fixed-to-floating rate notes due 2031 and $3 billion in fixed-to-floating rate notes due 2036.
The company stated that the offerings were registered under the Securities Act of 1933 through a registration statement on Form S-3. A legal opinion regarding the validity of the notes was filed as an exhibit to the report.
This information is based on a press release statement included in the company’s filing with the Securities and Exchange Commission.
In other recent news, JPMorgan Chase officially opened its new global headquarters at 270 Park Avenue in Manhattan. The skyscraper, which will accommodate 10,000 employees by year-end, is notable for being New York City’s largest all-electric tower with net zero operational emissions, powered by renewable energy from a New York State hydroelectric plant. Additionally, JPMorgan Chase CEO Jamie Dimon indicated that the bank is considering acquisitions in Europe and Latin America, following discussions on growth prospects in these regions. On the financial front, Morgan Stanley has adjusted its price target for JPMorgan Chase to $338, reflecting a slight increase aligned with its revised earnings per share estimates for 2027. The investment bank projects annual EPS growth of 8-11% for JPMorgan over the next three years. Furthermore, Jamie Dimon has expressed concerns about potential broader credit issues, following recent bankruptcies in the auto sector. Meanwhile, J.P. Morgan Asset Management released its 2026 Long-Term Capital Market Assumptions, projecting a 6.4% annual return for traditional 60/40 stock-bond portfolios over the next decade. This projection suggests a positive outlook for asset returns despite expectations of slower economic growth.
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