SECsense Logo

JPMorgan Chase & Co. Financial Report: Preferred Stocks & Guarantees Overview (2025)

$JPM
Form 8-K
Filed on: 2025-01-15
Source
JPMorgan Chase & Co. Financial Report: Preferred Stocks & Guarantees Overview (2025)

Here are the key insights extracted from the provided financial report section:

  1. Entity Information:
  • The report pertains to JPMorgan Chase & Co. with CIK identifier 0000019617.
  • The filing is dated January 15, 2025.
  1. Segment Information:
  • The report includes various classes of stock and financial instruments related to JPMorgan Chase:
    • Common Stock
    • Multiple series of Non-Cumulative Preferred Stock:
    • Series DD - 5.75%
    • Series EE - 6.00%
    • Series GG - 4.75%
    • Series JJ - 4.55%
    • Series LL - 4.625%
    • Series MM - 4.20%
  • Depositary Shares represent a one-four-hundredth interest in each share of the respective preferred stock series.
  1. Guarantees:
  • The report mentions guarantees provided by JPMorgan Chase for:
    • Callable Fixed Rate Notes due June 10, 2032.
    • Alerian MLP Index ETNs due January 28, 2044.
  1. Exchange Listings:
  • All mentioned securities are listed on various stock exchanges:
    • Common stock on NYSE.
    • Depositary Shares for preferred stocks (e.g., JPM PR D, JPM PR C, etc.) also on NYSE.
    • Guarantees listed as JPM/32 and AMJB on NYSE and NYSEArca respectively.
  1. Location and Contact:
  • The corporate address for JPMorgan Chase & Co. is 383 Madison Avenue, New York, NY 10179, with a contact number 212-270-6000.
  1. Document Type:
  • The filing type is an 8-K, indicating a current report that provides important information to shareholders.

Insights:

  • The report highlights JPMorgan Chase’s continued reliance on preferred stock as part of its capital structure, providing insights into its financing strategies.
  • The presence of guaranteed financial instruments indicates the company's commitment to maintaining investor confidence and managing liabilities effectively.
  • The diverse series of preferred stock suggests a strategic approach to attracting different types of investors based on varying yield preferences.

Overall, the report presents a stable and structured capital framework for JPMorgan Chase as it approaches the beginning of 2025, with an emphasis on preferred securities and strategic guarantees.