JPMorganChase declares dividends on seven preferred stock series

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Reviewed by
Ashish TScanX News Team
Key Highlights

JPMorganChase declared dividends on seven series of preferred stock: DD, EE, GG, JJ, LL, MM and NN. The firm reported assets of $5.0 trillion and stockholders’ equity of $375 billion as of June 30, 2026. Specific dividend rates and payment dates are available on the company's Investor Relations website.

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JPMorganChase has declared dividends on the outstanding shares of its Series DD, EE, GG, JJ, LL, MM and NN preferred stock. The announcement provides returns to holders of these specific non-voting equity instruments. The firm operates as a leading financial services provider based in the United States with global operations.

As of June 30, 2026, JPMorganChase held $5.0 trillion in assets and maintained $375 billion in stockholders’ equity. The firm’s business segments include investment banking, consumer and small business financial services, commercial banking, transaction processing and asset management.

The company serves millions of customers in the U.S. under the J.P. Morgan and Chase brands. Its client base also includes prominent corporate, institutional and government entities worldwide.

Preferred Stock Series

The dividends apply to the following series of preferred stock:

Series Type
Series DD Preferred Stock
Series EE Preferred Stock
Series GG Preferred Stock
Series JJ Preferred Stock
Series LL Preferred Stock
Series MM Preferred Stock
Series NN Preferred Stock

Investors can access detailed information regarding the dividend rates and payment dates on the firm’s Investor Relations website.

How might JPMorgan's continued dividend payments on preferred stock impact its ability to raise capital in future equity markets?

What could be the implications of these dividend declarations for the bank's preferred stock yields relative to current interest rate trends?

How might JPMorgan's asset management and investment banking segments influence future dividend policies for its preferred stock?

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JPMorgan Chase posts record Q2 earnings, analyst raises target to $370

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Reviewed by
Radhika SScanX News Team
Key Highlights

JPMorgan Chase & Co reported record fiscal second-quarter earnings with net income growing 41% year-on-year to $21.2 billion, driven by strength in equity markets. RBC Capital analyst Gerard Cassidy maintained an Outperform rating and raised the price target to $370 from $330, citing the bank's diversified model and potential for above-average returns.

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JPMorgan Chase & Co reported record fiscal second-quarter earnings, driven by broad-based strength and a standout performance in equity capital markets, prompting RBC Capital Markets to raise its price target on the stock. Analyst Gerard Cassidy maintained an Outperform rating while increasing the price target to $370 from the previous $330, reflecting confidence in the bank's ability to sustain above-average profitability and returns.

Record Financial Performance

The bank achieved significant growth across key metrics, with net income rising 41% year-on-year to $21.2 billion. Earnings per share reached $7.70. Excluding one-time gains, which included a $4.6 billion net gain from share exchanges with Visa Inc and approximately $1 billion in gains on equity investments, net income grew 13% year-on-year to $16.9 billion. On an adjusted basis, earnings stood at $6.14 per share.

Segment Highlights

The Commercial & Investment Bank (CIB) segment was identified as the primary growth driver, with net income increasing 46% year-on-year to $9.7 billion. Equity Markets fees nearly doubled during the quarter. Overall Markets revenue reached $12.1 billion, an increase of 35% year-on-year, led by an 86% surge in Equity Markets revenue.

Analyst Outlook

Cassidy attributed the strong results to a diversified business model and strategic investments made over the last decade, which have fortified the balance sheet. Under the leadership of CEO Jamie Dimon, JPMorgan Chase is expected to continue rewarding long-term shareholders with superior profitability.

Metric Value
Rating Outperform
Previous Price Target $330
New Price Target $370
Q2 Net Income $21.2 billion
Q2 Earnings Per Share $7.70
Adjusted Net Income $16.9 billion
Adjusted EPS $6.14

Can JPMorgan sustain the exceptional growth in Equity Markets revenue as market volatility potentially normalizes?

How will the bank utilize its strong capital position to drive future growth, such as through acquisitions or increased shareholder returns?

What impact will rising interest rates have on the bank's net interest margins in the upcoming quarters?

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