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Bob, I agree that just the fact that they will lend is a feeling the value is there. Their objective to keep it sticky.
Payments trust me after great study IMO if you dare
6/1
7/22
10/4
10/22
Amount
130 Billion
2.5 B
9 B
141. Total
Using documents, the banks may lend us money
Maybe but necessary to get the Big $$$ from the Dimon JPM
I had the same response to AG today, Boris. Instead of producing the filings and showing the way we get someday.
It must be clear that this one is valued to be funded for our Legacy U's P's and whatever is left for K's
Royal
The Indenture does not limit the aggregate principal amount of debt securities that may be issued under it and provides that debt securities may be issued up to the principal amount authorized by us from time to time. We have previously established the Series A medium-term notes under the Indenture. As of December 31, 2023, we had approximately $32 billion aggregate principal amount of Series A medium-term notes outstanding under the Indenture. Our board of managers has authorized the issuance of New Notes under the registration statement to which this prospectus relates in such amounts as may be required to permit all outstanding Old Notes not held by JPMorgan Financial or its affiliates to be exchanged for New Notes. Our board of managers has also authorized the issuance of securities, including Series A medium-term notes, under certain shelf registration statements with an aggregate initial public offering price not to exceed $130 billion, to be issued on or after February 17, 2023.
The Indenture allows us to reopen a previous issue of a series of debt securities and issue additional debt securities of that issue. We may, in our sole discretion and without providing holders notice or obtaining their consent, issue and sell additional securities having the same terms and conditions as the New Notes. We have no obligation to take your interests into account when deciding whether to issue additional debt securities. In addition, we are under no obligation to reopen the New Notes or to issue any additional New Notes.
We will irrevocably deposit with DTC no later than the opening of business on the applicable date or dates funds sufficient to make payments of the amount, if any, payable with respect to the New Notes on any date or dates. We will give DTC irrevocable instructions and authority to pay the applicable amount to the holders of the New Notes entitled thereto.
Subject to applicable law (including, without limitation, U.S. federal laws), we or our affiliates may, at any time and from time to time, purchase outstanding New Notes by tender, in the open market or by private agreement.
The New Notes are not bank deposits, are not insured by the Federal Deposit Insurance Corporation or any other governmental agency and are not obligations of, or guaranteed by, a bank.
PG.49
https://www.sec.gov/Archives/edgar/data/1665650/000095010324005291/dp209785_424b3.htm
This must be clear that this one value to be funded for our Legacy U's P's and whatever is left for K's. Royal
The Indenture does not limit the aggregate principal amount of debt securities that may be issued under it and provides that debt securities may be issued up to the principal amount authorized by us from time to time. We have previously established the Series A medium-term notes under the Indenture. As of December 31, 2023, we had approximately $32 billion aggregate principal amount of Series A medium-term notes outstanding under the Indenture. Our board of managers has authorized the issuance of New Notes under the registration statement to which this prospectus relates in such amounts as may be required to permit all outstanding Old Notes not held by JPMorgan Financial or its affiliates to be exchanged for New Notes. Our board of managers has also authorized the issuance of securities, including Series A medium-term notes, under certain shelf registration statements with an aggregate initial public offering price not to exceed $130 billion, to be issued on or after February 17, 2023.
The Indenture allows us to reopen a previous issue of a series of debt securities and issue additional debt securities of that issue. We may, in our sole discretion and without providing holders notice or obtaining their consent, issue and sell additional securities having the same terms and conditions as the New Notes. We have no obligation to take your interests into account when deciding whether to issue additional debt securities. In addition, we are under no obligation to reopen the New Notes or to issue any additional New Notes.
We will irrevocably deposit with DTC no later than the opening of business on the applicable date or dates funds sufficient to make payments of the amount, if any, payable with respect to the New Notes on any date or dates. We will give DTC irrevocable instructions and authority to pay the applicable amount to the holders of the New Notes entitled thereto.
Subject to applicable law (including, without limitation, U.S. federal laws), we or our affiliates may, at any time and from time to time, purchase outstanding New Notes by tender, in the open market or by private agreement.
The New Notes are not bank deposits, are not insured by the Federal Deposit Insurance Corporation or any other governmental agency and are not obligations of, or guaranteed by, a bank.
PG.49
https://www.sec.gov/Archives/edgar/data/1665650/000095010324005291/dp209785_424b3.htm
Our Value for Legacy TBD
"THE EXCHANGE OFFER (AS DEFINED BELOW) WILL EXPIRE AT 5:00 P.M., NEW YORK CITY TIME, ON MAY 8, 2024 (SUCH TIME AND DATE, AS THE SAME MAY BE EXTENDED OR EARLY TERMINATED, THE “EXPIRATION DEADLINE”). HOLDERS OF OLD NOTES (THE “NOTEHOLDERS”) WHO WISH TO PARTICIPATE IN THE EXCHANGE OFFER MUST VALIDLY TENDER (AND NOT VALIDLY WITHDRAW) THEIR OLD NOTES AT OR PRIOR TO THE EXPIRATION DEADLINE. NOTEHOLDERS MAY VALIDLY WITHDRAW TENDERS OF THEIR OLD NOTES AT ANY TIME PRIOR TO THE EXPIRATION DEADLINE, BUT NOT THEREAFTER.
We, JPMorgan Chase Financial Company LLC, are offering to exchange any and all outstanding Alerian MLP Index ETNs due May 24, 2024 (CUSIP: 46625H365) issued by JPMorgan Chase & Co. (the “Old Notes”) for Alerian MLP Index ETNs due January 28, 2044 (CUSIP: 48133Q309) issued by JPMorgan Chase Financial Company LLC (the “New Notes”) (the “Exchange Offer”) based on the Exchange Ratio (as defined below), upon the terms and subject to the conditions set forth in this prospectus. All payments of principal, interest and other amounts payable on the New Notes will be fully and unconditionally guaranteed by JPMorgan Chase & Co. The exchange ratio per $19.03661 principal amount of Old Notes validly tendered in the Exchange Offer (and not validly withdrawn) prior to the Expiration Deadline and accepted for exchange (the “Exchange Ratio”) will be equal to one New Note, which will be delivered on the Settlement Date (as defined herein), unless the Exchange Offer is extended or terminated. The New Notes were first issued on January 30, 2024 pursuant to the registration statement on Form S-3 (Registration Nos. 333-270004 and 333-270004-01) of JPMorgan Chase & Co. and JPMorgan Chase Financial Company LLC. Upon completion of the Exchange Offer, we will issue additional New Notes to the tendering Noteholders and consolidate such additional New Notes to form a single class with the New Notes then outstanding.
The Old Notes are listed on NYSE Arca, Inc. (“NYSE Arca”) under the ticker symbol “AMJ.” The New Notes are listed on NYSE Arca under the ticker symbol “AMJB.”
https://www.sec.gov/Archives/edgar/data/1665650/000095010324005291/dp209785_424b3.htm
Payment Beginning June 1, 2024
Dont forget?????????????????????
American Funds Washington Mutual Investors Fund Class R-1 RWMAX
American FundsLarge Blend
Change fund Symbol lookup
RWMAX
Prospectus
Set AlertAdd to watch list
$59.30 0.92 (1.53%)YTD Return
+8.91%
As of March 31, 2024Net Assets
$181B
As of April 12, 2024 12:00am ET
Summary
Performance
Ratings & Risk
Portfolio
Fees & Management
Mutual Fund Brief | Print All Tabs
Growth of $10,000 As of 03/31/2024
YTD | 1 Year | 3 Year | 5 Year
Comparison: RWMAX S&P 500
Gross Expense Ratio
1.36%**
Net Expense Ratio
1.36%**
Total Assets
$181B
SEC 30 Day Yield
0.69%
Distribution Yield (TTM)
0.83%
Fund Inception
05/29/2002
Historical Quotes
About this Mutual Fund
The investment seeks to produce income and to provide an opportunity for growth of principal consistent with sound common stock investing.The fund invests primarily in common stocks of established companies that are listed on, or meet the financial listing requirements of, the New York Stock Exchange and have a strong record of earnings and dividends. Its advisor strives to maintain a fully invested, diversified portfolio, consisting primarily of high-quality common stocks.
The chart above represents the growth of a hypothetical investment of $10,000. The total return is not adjusted to reflect sales charges or taxes, however it does show actual ongoing fund expenses and assumes the reinvestment of dividends and capital gains. If the returns were adjusted to include sales charges, the quoted performance would be lower.
Trailing Total Returns As of 03/31/2024
Total S&P 500 TR Large Blend
1-Month +3.35% +3.22% +3.30%
3-Month +8.91% +10.56% +9.95%
Year-to-date +8.91% +10.56% +9.95%
1-Year +25.54% +29.88% +27.24%
3-Year +10.64% +11.49% +9.88%
5-Year +12.14% +15.05% +13.65%
10-Year +10.49% +12.96% +11.45%
Since Inception +7.94% +11.03% --
Inception Date: May 29, 2002
Performance Details
Total return reflects performance without adjusting for sales charges or the effects of taxation, but is adjusted to reflect all actual ongoing fund expenses and assumes reinvestment of dividends and capital gains. If adjusted, sales charges would reduce the performance quoted.
The performance quoted represents past performance, is no guarantee of future results and may not provide an adequate basis for evaluating the performance of the product over varying market conditions or economic cycles. Current performance may be lower or higher than the performance data quoted. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost.
Top 10 Holdings As of 12/31/2023
Company YTD Return
(as of 04/12/2024) % of Assets
Broadcom Inc +20.41% 7.31%
Microsoft Corp +12.20% 6.51%
UnitedHealth Group Inc -16.58% 3.25%
Comcast Corp Class A -10.22% 2.40%
Marsh & McLennan Companies Inc +4.54% 2.38%
Eli Lilly and Co +28.94% 2.35%
The Home Depot Inc -1.06% 1.85%
Philip Morris International Inc -5.56% 1.77%
Northrop Grumman Corp -2.57% 1.60%
JPMorgan Chase & Co +7.46% 1.56%
* represents an International company or one without a recognizable symbol.
I want everyone to know that this may be a headfake for the Big $$$$$. We need the FDIC to complete and terminate the receivership for the rest of the settlement to flow. So also look at my old post to see last sumer the degree JPM/1st republic was blended to JPM to show the reciepts of value due to us as legacy. IMO
4012.DECLARATION of Elaine Pang in Support re: (880 in 1:11-cv-02613-NRB) MOTION to Approve Preliminary Approval of Settlement with Credit Suisse AG, Lloyds Bank plc, Bank of Scotland plc, NatWest Markets plc, Portigon AG, Westdeutsche Immobilienbank AG, Royal Bank of Canada, RBC Capital Markets, LLC, Coperatieve Rabobank. Document filed by 303030 Trading LLC, 303030 Trading, LLC, Atlantic Trading USA, LLC, FTC Futures Fund PCC Ltd, FTC Futures Fund SICAV, Gary Francis, Gary Francis, Nathaniel Haynes, Metzler Investment GmbH. Filed In Associated Cases: 1:11-md-02262-NRB, 1:11-cv-02613-NRB.1. Exhibit A - Curriculum Vitae2. Exhibit B - Profile of A.B. Data's Background and Capabilities3. Exhibit C - Postcard Notice4. Exhibit D - Summary Notice5. Exhibit E - Long Form Notice6. Exhibit F - Proof of Claim Form7. Exhibit G - Plan of Distribution8. Exhibit H - Redline of Long Form Notice9. Exhibit I - Redline of Summary Notice10. Exhibit J - Redline of Proof of Claim Form11. Exhibit K - Redline of Plan of Distribution
JPMorgan Chase acquires substantial majority of assets and assumes certain liabilities of First Republic Bank
– May 01, 2023New York
JPMorgan Chase to protect all deposits -- insured and uninsured -- bringing its financial strength, capabilities and capital to the U.S. banking system and First Republic
No systemic risk exception required; a competitive bid process minimized costs to the Deposit Insurance Fund
New York, May 1, 2023 – JPMorgan Chase (NYSE: JPM) today announced it has acquired the substantial majority of assets and assumed the deposits and certain other liabilities of First Republic Bank from the Federal Deposit Insurance Corporation (FDIC). In carrying out this transaction, JPMorgan Chase is supporting the U.S. financial system through its significant strength and execution capabilities. As part of the purchase, JPMorgan Chase is assuming all deposits – insured and uninsured.
“Our government invited us and others to step up, and we did,” said Jamie Dimon, Chairman and CEO of JPMorgan Chase. “Our financial strength, capabilities and business model allowed us to develop a bid to execute the transaction in a way to minimize costs to the Deposit Insurance Fund.”
Dimon added, “This acquisition modestly benefits our company overall, it is accretive to shareholders, it helps further advance our wealth strategy, and it is complementary to our existing franchise.”
Key transaction elements following the FDIC’s competitive bidding process include:
Acquisition of the substantial majority of First Republic Bank’s assets, including approximately $173 billion of loans and approximately $30 billion of securities
Assumption of approximately $92 billion of deposits, including $30 billion of large bank deposits, which will be repaid post-close or eliminated in consolidation
FDIC will provide loss share agreements covering acquired single-family residential mortgage loans and commercial loans, as well as $50 billion of five-year, fixed-rate term financing
JPMorgan Chase is not assuming First Republic’s corporate debt or preferred stock
First Republic branches will open on Monday, May 1, as normal, and clients will continue to receive uninterrupted service, including digital and mobile banking capabilities.
As a result of this transaction, JPMorgan Chase expects to:
Recognize an upfront, one-time, post-tax gain of approximately $2.6 billion, which does not reflect the approximately $2.0 billion dollars of post-tax restructuring costs anticipated over the next 18 months
Remain very well-capitalized with a CET1 ratio consistent with its 1Q 24 target of 13.5% and maintain healthy liquidity buffers
The transaction is expected to be modestly EPS accretive and generate more than $500 million of incremental net income per year, not including the approximately $2.6 billion one-time post-tax gain or approximately $2.0 billion of post-tax restructuring costs expected over the course of 2023 and 2024.
The acquired First Republic businesses will be overseen by JPMorgan Chase’s Consumer and Community Banking (CCB) Co-CEOs, Marianne Lake and Jennifer Piepszak.
“First Republic has built a strong reputation for serving clients with integrity and exceptional service,” said Lake and Piepszak. “We look forward to welcoming First Republic employees. As always, we are committed to treating employees with respect, care and transparency.”
JPMorgan Chase will:
post an investor presentation with additional deal details on its Investor Relations website at approximately 7:00 a.m. ET on Monday, May 1
host a media call at 8:00 a.m. ET and an analyst and investor call at 8:30 a.m. ET featuring Jamie Dimon, and CFO, Jeremy Barnum, on Monday, May 1
As noted above, JPMorgan Chase will host a conference call for analysts and investors on Monday, May 1, at 8:30 a.m. (ET) to discuss the transaction. The general public can access the call by dialing (888) 324-3618 in the U.S. and Canada, or (312) 470-7119 for international callers; using passcode 1364784#. Please dial in 15 minutes prior to the start of the call. The live audio webcast and presentation slides will be available on the Firm’s website, www.jpmorganchase.com, under Investor Relations.
About JPMorgan Chase
JPMorgan Chase & Co. (NYSE: JPM) is a leading financial services firm based in the United States of America (“U.S.”), with operations worldwide. JPMorgan Chase had $3.7 trillion in assets and $303 billion in stockholders’ equity as of March 31, 2023. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management. Under the J.P. Morgan and Chase brands, the Firm serves millions of customers in the U.S., and many of the world’s most prominent corporate, institutional and government clients globally. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the current beliefs and expectations of JPMorgan Chase & Co.’s management and are subject to significant risks and uncertainties. Actual results may differ from those set forth in the forward-looking statements. Factors that could cause JPMorgan Chase & Co.’s actual results to differ materially from those described in the forward-looking statements can be found in JPMorgan Chase & Co.’s Annual Report on Form 10-K for the year ended December 31, 2022, which has been filed with the Securities and Exchange Commission and is available on JPMorgan Chase & Co.’s website (https://jpmorganchaseco.gcs-web.com/financial-information/sec-filings), and on the Securities and Exchange Commission’s website (www.sec.gov). JPMorgan Chase & Co. does not undertake to update any forward-looking statements.
Investor Contact:
Mikael Grubb
212-270-2479
Media Contact:
Joseph Evangelisti
212-270-7438
SETTLEMENT AGREEMENT BETWEEN EXCHANGE-BASED PLAINTIFFS AND CREDIT SUISSE AG, LLOYDS BANK PLC, BANK OF SCOTLAND PLC, NATWEST MARKETS PLC, PORTIGON AG, WESTDEUTSCHE IMMOBILIENBANK AG, ROYAL BANK OF CANADA, RBC CAPITAL MARKETS, LLC, COÖPERATIEVE RABOBANK U.A., THE NORINCHUKIN BANK, MUFG BANK, LTD., AND UBS AG Case 1:11-md-02262-NRB Document 4011-1 Filed 04/11/24 Page 2 of 88
https://www.docketbird.com/court-documents/In-re-Libor-Based-Financial-Instruments-Antitrust-Litigation/Exhibit-1/nysd-1:2011-md-02262-04011-001
The truth will set you free
ASAP that includes character Assassination
Would it be great if we could all drop the egoes and just get alone. We have more power together than separated. I feel like Rodney King in Los Angelas. We are coming very close if this does not blow up in our face. Nothing significant here, it will just get deleted.
Even if you do know someting you can't post it here
In the end ASAP you will be portrayed the Fool you are. People see you as protectorate of the Guard.
Pg 49
"
The Indenture does not limit the aggregate principal amount of debt securities that may be issued under it and provides that debt securities may be issued up to the principal amount authorized by us from time to time. We have previously established the Series A medium-term notes under the Indenture. As of December 31, 2023, we had approximately $32 billion aggregate principal amount of Series A medium-term notes outstanding under the Indenture. Our board of managers has authorized the issuance of New Notes under the registration statement to which this prospectus relates in such amounts as may be required to permit all outstanding Old Notes not held by JPMorgan Financial or its affiliates to be exchanged for New Notes. Our board of managers has also authorized the issuance of securities, including Series A medium-term notes, under certain shelf registration statements with an aggregate initial public offering price not to exceed $130 billion, to be issued on or after February 17, 2023."
https://www.sec.gov/Archives/edgar/data/1665650/000095010324001881/dp206454_424b3.htm?fbclid=IwAR3LyOeb4w_NL7ViJYZx7wRwgLUr2qiYtBDlp9n0ogpKeT_nlKXd7F_G65k
STEADFAST PRINCIPLES WORTH REPEATING (AND ONE NEW ONE) Looking back on the past two+ decades — starting from my time as Chairman and CEO of Bank One in 2000 — there is one common theme: our unwavering dedication to help clients, communities and countries throughout the world. It is clear that our financial discipline, constant investment in innovation and ongoing development of our people have enabled us to achieve this consistency and commitment. In addition, across the firm, we uphold certain steadfast tenets that are worth repeating. First, our work has very real human impact. While JPMorgan Chase stock is owned by large institutions, pension plans, mutual funds and directly by single investors, in almost all cases the ultimate beneficiaries are individuals in our communities. More than 100 million people in the United States own stocks; many, in one way or another, own JPMorgan Chase stock. Frequently, these shareholders are veterans, teachers, police officers, firefighters, healthcare workers, retirees, or those saving for a home, education or retirement. Often, our employees also bank these shareholders, as well as their families and their companies. Your management team goes to work every day recognizing the enormous responsibility that we have to all of our shareholders. Second, shareholder value can be built only if you maintain a healthy and vibrant company, which means doing a good job of taking care of your customers, employees and communities. Conversely, how can you have a healthy company if you neglect any of these stakeholders? As we have learned over the past few years, there are myriad ways an institution can demonstrate its compassion for its employees and its communities while still strengthening shareholder value. Third, while we don’t run the company worrying about the stock price in the short run, in the long run we consider our stock price a measure of our progress over time. This progress is a function of continual investments in our people, systems and products, in good and bad times, to build our capabilities. These important investments will also drive our company’s future prospects and position it to grow and prosper for decades. Measured by stock performance, our progress is exceptional. For example, whether looking back 10 years or even farther to 2004, when the JPMorgan Chase/Bank One merger took place, we have outperformed the Standard & Poor’s 500 Index and the Standard & Poor’s Financials Index. Fourth, we are united behind basic principles and strategies (you can see the principles for How We Do Business on our website and our Purpose statement in my letter from last year) that have helped build this company and made it thrive. These allow us to maintain a fortress balance sheet, constantly invest and nurture talent, fully satisfy regulators, continually improve risk, governance and controls, and serve customers and clients while lifting up communities worldwide. This philosophy is embedded in our company culture and influences nearly every role in the firm. Fifth, we strive to build enduring businesses, which rely on and benefit from one another, but we are not a conglomerate. This structure helps generate our superior returns. Nonetheless, despite our best efforts, the walls that protect this company are not particularly high — and we face extraordinary competition. I have written about this reality extensively in the past and cover it again in this letter. We recognize our strengths and vulnerabilities, and we play our hand as best we can. Sixth, and this is the new one, we must be a source of strength, particularly in tough times, for our clients and the countries in which we operate. We must take seriously our role as one of the guardians of the world’s financial systems. Seventh, we operate with a very important silent partner — the U.S. government — noting as my friend Warren Buffett points out that his company’s success is predicated upon the extraordinary conditions our country creates. He is right to say to his shareholders that when they see the American flag, they all should say thank you. We should, too. JPMorgan Chase is a healthy and thriving company, and we always want to give back and pay our fair share. We do pay our fair share — and we want it to be spent well and have the greatest impact. To give you an idea of where our taxes and fees go: In the last 10 years, we paid more than $46 billion in federal, state and local taxes in the United States and over $22 billion in taxes outside of the United States. Additionally, we paid the Federal Deposit Insurance Corporation over $10 billion so that it has the resources to cover failure in the American banking sector. Our partner — the federal government — also imposes significant regulations upon us, and it is imperative that we meet all legal and regulatory requirements imposed on our company. Eighth and finally, we know the foundation of our success rests with our people. They are the front line, both individually and as teams, serving our customers and communities, building the technology, making the strategic decisions, managing the risks, determining our investments and driving innovation. However you view the world — its complexity, risks and opportunities — a company’s prosperity requires a great team of people with guts, brains, integrity, enormous capabilities and high standards of professional excellence to ensure its ongoing success.
https://www.sec.gov/.../00000196172.../annualreport-2023.pdf
https://www.sec.gov/.../00000196172.../annualreport-2023.pdf
SEC.GOV
www.sec.gov
JPMorgan Chase acquires substantial majority of assets and assumes certain liabilities of First Republic Bank
– May 01, 2023New York
JPMorgan Chase to protect all deposits -- insured and uninsured -- bringing its financial strength, capabilities and capital to the U.S. banking system and First Republic
No systemic risk exception required; a competitive bid process minimized costs to the Deposit Insurance Fund
New York, May 1, 2023 – JPMorgan Chase (NYSE: JPM) today announced it has acquired the substantial majority of assets and assumed the deposits and certain other liabilities of First Republic Bank from the Federal Deposit Insurance Corporation (FDIC). In carrying out this transaction, JPMorgan Chase is supporting the U.S. financial system through its significant strength and execution capabilities. As part of the purchase, JPMorgan Chase is assuming all deposits – insured and uninsured.
“Our government invited us and others to step up, and we did,” said Jamie Dimon, Chairman and CEO of JPMorgan Chase. “Our financial strength, capabilities and business model allowed us to develop a bid to execute the transaction in a way to minimize costs to the Deposit Insurance Fund.”
Dimon added, “This acquisition modestly benefits our company overall, it is accretive to shareholders, it helps further advance our wealth strategy, and it is complementary to our existing franchise.”
Key transaction elements following the FDIC’s competitive bidding process include:
Acquisition of the substantial majority of First Republic Bank’s assets, including approximately $173 billion of loans and approximately $30 billion of securities
Assumption of approximately $92 billion of deposits, including $30 billion of large bank deposits, which will be repaid post-close or eliminated in consolidation
FDIC will provide loss share agreements covering acquired single-family residential mortgage loans and commercial loans, as well as $50 billion of five-year, fixed-rate term financing
JPMorgan Chase is not assuming First Republic’s corporate debt or preferred stock
First Republic branches will open on Monday, May 1, as normal, and clients will continue to receive uninterrupted service, including digital and mobile banking capabilities.
As a result of this transaction, JPMorgan Chase expects to:
Recognize an upfront, one-time, post-tax gain of approximately $2.6 billion, which does not reflect the approximately $2.0 billion dollars of post-tax restructuring costs anticipated over the next 18 months
Remain very well-capitalized with a CET1 ratio consistent with its 1Q 24 target of 13.5% and maintain healthy liquidity buffers
The transaction is expected to be modestly EPS accretive and generate more than $500 million of incremental net income per year, not including the approximately $2.6 billion one-time post-tax gain or approximately $2.0 billion of post-tax restructuring costs expected over the course of 2023 and 2024.
The acquired First Republic businesses will be overseen by JPMorgan Chase’s Consumer and Community Banking (CCB) Co-CEOs, Marianne Lake and Jennifer Piepszak.
“First Republic has built a strong reputation for serving clients with integrity and exceptional service,” said Lake and Piepszak. “We look forward to welcoming First Republic employees. As always, we are committed to treating employees with respect, care and transparency.”
JPMorgan Chase will:
post an investor presentation with additional deal details on its Investor Relations website at approximately 7:00 a.m. ET on Monday, May 1
host a media call at 8:00 a.m. ET and an analyst and investor call at 8:30 a.m. ET featuring Jamie Dimon, and CFO, Jeremy Barnum, on Monday, May 1
As noted above, JPMorgan Chase will host a conference call for analysts and investors on Monday, May 1, at 8:30 a.m. (ET) to discuss the transaction. The general public can access the call by dialing (888) 324-3618 in the U.S. and Canada, or (312) 470-7119 for international callers; using passcode 1364784#. Please dial in 15 minutes prior to the start of the call. The live audio webcast and presentation slides will be available on the Firm’s website, www.jpmorganchase.com, under Investor Relations.
About JPMorgan Chase
JPMorgan Chase & Co. (NYSE: JPM) is a leading financial services firm based in the United States of America (“U.S.”), with operations worldwide. JPMorgan Chase had $3.7 trillion in assets and $303 billion in stockholders’ equity as of March 31, 2023. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management. Under the J.P. Morgan and Chase brands, the Firm serves millions of customers in the U.S., and many of the world’s most prominent corporate, institutional and government clients globally. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the current beliefs and expectations of JPMorgan Chase & Co.’s management and are subject to significant risks and uncertainties. Actual results may differ from those set forth in the forward-looking statements. Factors that could cause JPMorgan Chase & Co.’s actual results to differ materially from those described in the forward-looking statements can be found in JPMorgan Chase & Co.’s Annual Report on Form 10-K for the year ended December 31, 2022, which has been filed with the Securities and Exchange Commission and is available on JPMorgan Chase & Co.’s website (https://jpmorganchaseco.gcs-web.com/financial-information/sec-filings), and on the Securities and Exchange Commission’s website (www.sec.gov). JPMorgan Chase & Co. does not undertake to update any forward-looking statements.
Investor Contact:
Mikael Grubb
212-270-2479
Media Contact:
Joseph Evangelisti
212-270-7438
Starting to settle IMO
"4005
04/05/2024
STIPULATION OF DISMISSAL WITH PREJUDICE OF DEFENDANTS CITIBANK, N.A. AND CITIGROUP INC. PURSUANT TO F.R.C.P. 41 (a)(1)(A)(i): IT IS HEREBY STIPULATED AND AGREED between Plaintiffs in the above-captioned actions and Defendants Citibank, N.A. and Citigroup Inc. that all of Plaintiffs' respective claims against Defendants Citibank, N.A. and Citigroup Inc. only are hereby dismissed with prejudice from the actions City of Houston v. Bank of America Corp., et al., No. 13-cv-05616; City of Richmond, et al. v. Bank of AmericaCorp., et al., No. 13-cv-00627; City of Riverside, et al. v. Bank of America Corp., et al., No. 13-cv-00597; County of Mendocino v. Bank of America Corp., et al., No. 13-cv-08644; County of Sacramento v. Bank of America Corp., et al., No. 13-cv-05569; County of San Diego v. Bank of America Corp., et al., No. 13-cv-00667; County of San Mateo, et al. v. Bank of America Corp., et al., No. 13-cv-00625; County of Sonoma, et al. v. Bank of America Corp., et al., No. 13-cv-05187; East Bay Municipal Utility District v. Bank of America Corp., et al., No. 13-cv-00626; San Diego Association of Governments v. Bank of America Corp., et al., No. 13-cv-05221; and The Regents of the University
4004
04/05/2024
MEMO ENDORSED ORDER granting [4002] Motion to Withdraw as Attorney. ENDORSEMENT: Application granted. So ordered. Attorney Elizabeth A Cassady terminated. (Signed by Judge Naomi Reice Buchwald on 4/5/2024)
Guess what this is connected to: LMAO :) Washington Mutual???? Always thought thi is where the 176 Billion is coming from? AWRIX thought the These Large Portflio were desighed for part of our value for legacy. Now being used in the DTCC. Money or assignment of value is being used and will be hidden on April 11th.
"Effective April 11, 2024, the following firm will be deleted as Sponsored Member of the Government Securities Division: State Street Bank and Trust Company is the Sponsoring Member for these firms. Please note that only the designated Sponsoring Member is authorized to submit transactions against its Sponsored Members. Questions regarding this Important Notice should be directed to your DTCC Relationship Manager. Symbol Fund Name AWRIX American Century Variable Portfolios, Inc. - VP Growth Fund
https://www.capitalgroup.com/individual/investments/fund/awshx
https://res.americancentury.com/docs/Growth_vp_summary_1200_nc.pdf
https://www.capitalgroup.com/individual/investments/fund/awshx
https://www.americancentury.com/invest/funds/?t=perf&shareClass=investorClass&type=ETF&type=Mutual+Fund#
The FDIC will take care of the rest.
ASAP This summer, JPMORGAN took care of the rest of the $ last summer with the 1st Republic. I can't believe I am feeling sorry for you, not
Thanks, Ron. April 4th, Depositions are done, and better yet, no more delays.
And The Court’s Response to the FDIC.
4001 04/03/2024
ENDORSED LETTER addressed to Counsel from NAOMI REICE BUCHWALD UNITED STATES DISTRICT JUDGE dated 4/3/2024 re: The Court is in receipt of the Direct Action and OTC Plaintiffs' letter of April 2, 2024. ENDORSEMENT: Dear Counsel: The Court is in receipt of the Direct Action and OTC Plaintiffs' letter of April 2, 2024. See ECF No. 4000. Of course, the Court has no interest in interfering with counsels' continuing cooperative efforts as reflected in the existing scheduling order and its prior iteration. However, regardless of counsels' efforts inter se, the Court considers fact discovery closed as of April 4, 2024. Further, as the Court has repeatedly made crystal clear, there cannot and will not be any further adjournments of the class certification, summary judgment, and Daubert motions. Very truly yours, NAOMI REICE BUCHWALD, UNITED STATES DISTRICT JUDGE. (Signed by Judge Naomi Reice Buchwald on 4/3/2024)
https://www.docketbird.com/court-cases/In-re-Libor-Based-Financial-Instruments-Antitrust-Litigation/nysd-1:2011-md-02262
OTC is code word for Derivatives.
She is NOT messing around!
Ron
Royal Dude
Re: dm57 post# 724928
Saturday, March 23, 2024 6:16:06 PM
Post# of 725480 Go
If this is not us, I will withdraw because we have been stolen from.
"Exhibit 99
JPMorgan Chase & Co.
383 Madison Avenue, New York, NY 10179-0001
NYSE symbol: JPM
www.jpmorganchase.com
LOGO
News release: IMMEDIATE RELEASE
JPMorgan Chase to Redeem Four Series of Preferred Stock
Represented By Depositary Shares
New York, March 21, 2024 – JPMorgan Chase & Co. (NYSE: JPM) (“JPMorgan Chase” or the “Firm”) has announced that on April 30, 2024 it will redeem all of the 100,000 outstanding shares of its Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series U (“Series U Preferred Stock”), and on May 1, 2024 it will redeem all of the 150,000 outstanding shares of its Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series Q (“Series Q Preferred Stock”), all of the 150,000 outstanding shares of its Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series R (“Series R Preferred Stock”) and all of the 200,000 outstanding shares of its Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series S (“Series S Preferred Stock”). The shares of Series U Preferred Stock are represented by 1,000,000 depositary shares (CUSIP: 46625HJW1), the shares of Series Q Preferred Stock are represented by 1,500,000 depositary shares (CUSIP: 48124BAC9), the shares of Series R Preferred Stock are represented by 1,500,000 depositary shares (CUSIP: 48126HAA8) and the shares of Series S Preferred Stock are represented by 2,000,000 depositary shares (CUSIP: 46625HJQ4). Each depositary share represents a one-tenth interest in a share of Series U, Series Q, Series R or Series S Preferred Stock, respectively. The redemption price per share for the Series U, Series Q, Series R and Series S Preferred Stock will be $10,000 (equivalent to $1,000 per depositary share).
Payment of the redemption price for the Series U Preferred Stock will be made on the redemption date of April 30, 2024, and payment of the redemption price for the Series Q, Series R and Series S Preferred Stock will be made on the redemption date of May 1, 2024, in each case upon presentation and surrender of the depositary receipts evidencing the depositary shares to be redeemed to Computershare Inc., as Depositary, at 150 Royall Street, Canton, Massachusetts 02021. Depositary shares held in book-entry form shall be surrendered in accordance with applicable procedures of The Depository Trust Company.
April 30, 2024 will be the final dividend payment date for the Series U Preferred Stock and the depositary shares representing the Series U Preferred Stock. The record date for that dividend is April
Investor Contact:
Mikael Grubb
212-270-2479
Media Contact:
Joseph Evangelisti
212-270-7438
1, 2024. In addition, May 1, 2024 will be the final dividend payment date for the Series Q, Series R and Series S Preferred Stock and the depositary shares representing those series of preferred stock. The record date for those dividends is also April 1, 2024.
JPMorgan Chase & Co. (NYSE: JPM) is a leading financial services firm based in the United States of America (“U.S.”), with operations worldwide. JPMorgan Chase had $3.9 trillion in assets and $327.9 billion in stockholders’ equity as of December 31, 2023. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management. Under the J.P. Morgan and Chase brands, the Firm serves millions of customers, predominantly in the U.S., and many of the world’s most prominent corporate, institutional and government clients globally. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.
# # #
Investor Contact:
Mikael Grubb
212-270-2479
Media Contact:
Joseph Evangelisti
212-270-7438
The Most Royal Dude
Lets Go Fishing
300 billion cold be our value if the get 1% because 50k 1 share = 59k $ is the amount to cover them for 3 years
To account for 75/25 they have used there own formula for any distribution before any placement in our accounts.Participant are our brokerage and we are their clients.
DENNY This is a process to create a fund for the 1% fee for the dtcc services the Series A and B notes and other instruments to the participants. Settlement date April 30th. There is also a possibility to follow the money move during all of April.
CASH IS COMING TODAY to the participants unless they steal
DTC has received notification from Bank of New York Mellon/IPA DTC #1541, the issuing paying agent for GS Finance Corporation (GSG4), base issuer cusip 36255H, 40054K, 40054L, 40055A, 40055Q, 40056E, 40056F, 40056Y, 40057C, 40057E, 40057F, 40057H, 40057J, 40057K, 40057L, 40057M, 40057N, 40057P, 40057R, 40057T, 40057W, 40057X, 40057Y, that #1541 has refused to pay Interest Payments, Maturity Presentments and Reorg Presentments for this Issuer’s Medium Term Note that are due and payable on 04/01/24 through DTC. Therefore, in accordance with DTC’s rules and procedures, this Issuer’s Medium Term Note will not be completed. Bank of New York Mellon/IPA DTC #1541 has notified DTC that they received the funds after the DTC cutoff to make a funding decision and that they will pay Interest Payments, Maturity Presentments and Reorg Presentments for this Issuer’s Medium Term Note that are due and payable on 04/02/24.
DTCC.COM
www.dtcc.com
https://www.dtcc.com/-/media/Files/pdf/2024/4/1/19919-24.pdf?fbclid=IwAR33d4PL8kf5SObvLggjKn-N2tfVNHPpeYOHq_ApglXrZRsZLyLARO4dJbo_aem_ASCHm8EIltMc0r45pZZzFtlpnbZOzann7q0iackY3397M5wru9ddLuRlc646ft7TmpBN5T6NEtMr5uf8prWqLAYL
If not, they are stealing all notes coming from JPM
Remember, this whole exercise is to transfer non interest bearing notes value to the medium notes payable to legacy first month to be payable June 1st.
Started on April 2 and delayed 1 day
Yes at 53 k pps 3 billion for fees 1 % for 307 billion
The 50 k of shares is for payment of fees for DTCC. This is for date timeline only settlement April 30th without a tie to jpm.
12. What powers or benefits are conferred upon shareholders of DTCC by virtue of their owning Common Shares?
The holders of the Common Shares are entitled to elect all of the directors on the DTCC Board, other than the two directors who are elected by the holders of the Series A Preferred Shares and the Series B Preferred Shares. The holders of the Common Shares are also entitled to vote on any matters submitted to shareholders for a vote.
Hope for a Leak that this gets done
"This reallocation process is required to be done at least once every three years. Since the last reallocation occurred
in 2021, a reallocation is scheduled for 2024. The 2024 reallocation is currently anticipated to be completed on
April 30, 2024 (the “Settlement Date”), and will be based upon the use of services of the Clearing Agencies from
January 1, 2021 through December 31, 2023. Voluntary Purchaser Participants will be notified through the
DocuSign® electronic signature service of their opportunity to purchase or obligation to sell Common Shares during
the first week of April 2024. Mandatory Purchaser Participants will be notified via email from Computershare Web[url][/url][tag]insert-text-here[/tag]
Service that a notice concerning their obligation to purchase or sell Common Shares is available on Computershare’s
Investor Center during the third week of April 2024, and these purchases are expected to settle on the Settlement
Date. Please refer to the following pages (Questions and Answers on the DTCC Common Stock Reallocation) for
additional information."
https://www.dtcc.com/-/media/Files/pdf/2024/4/1/a9414.pdf?fbclid=IwAR1yvT8OYANaZypB5bB8eOd6AV5LfE9_4jmPpOOHX9dEeKZaZUyEM21tQYE_aem_ASCqxTCNAo0-Tg9tDLKSDgn8h7CKgFTpn9MJtoSLx5LkSyqd35ENV0h6huTnDSHVYHN4tdtNvHkdMH8qZgzaYdr-
https://www.dtcc.com/-/media/Files/pdf/2024/4/1/a9414.pdf?fbclid=IwAR1yvT8OYANaZypB5bB8eOd6AV5LfE9_4jmPpOOHX9dEeKZaZUyEM21tQYE_aem_ASCqxTCNAo0-Tg9tDLKSDgn8h7CKgFTpn9MJtoSLx5LkSyqd35ENV0h6huTnDSHVYHN4tdtNvHkdMH8qZgzaYdr-
Yes our numbers will never connect us to JPM. This last $ 59,327.12 per share 3 B will be used to pay DTCC as service fees. I believe my participant is Schwab and all should relax and do nothing until our participants contacts us. The timing is what is more important Settlement April 30th
CASH IS COMING TODAY to the participants unless they steal
DTC has received notification from Bank of New York Mellon/IPA DTC #1541, the issuing paying agent for GS Finance Corporation (GSG4), base issuer cusip 36255H, 40054K, 40054L, 40055A, 40055Q, 40056E, 40056F, 40056Y, 40057C, 40057E, 40057F, 40057H, 40057J, 40057K, 40057L, 40057M, 40057N, 40057P, 40057R, 40057T, 40057W, 40057X, 40057Y, that #1541 has refused to pay Interest Payments, Maturity Presentments and Reorg Presentments for this Issuer’s Medium Term Note that are due and payable on 04/01/24 through DTC. Therefore, in accordance with DTC’s rules and procedures, this Issuer’s Medium Term Note will not be completed. Bank of New York Mellon/IPA DTC #1541 has notified DTC that they received the funds after the DTC cutoff to make a funding decision and that they will pay Interest Payments, Maturity Presentments and Reorg Presentments for this Issuer’s Medium Term Note that are due and payable on 04/02/24.
DTCC.COM
www.dtcc.com
https://www.dtcc.com/-/media/Files/pdf/2024/4/1/19919-24.pdf?fbclid=IwAR33d4PL8kf5SObvLggjKn-N2tfVNHPpeYOHq_ApglXrZRsZLyLARO4dJbo_aem_ASCHm8EIltMc0r45pZZzFtlpnbZOzann7q0iackY3397M5wru9ddLuRlc646ft7TmpBN5T6NEtMr5uf8prWqLAYL
300 x 4,000 = $ 1,200,000 4.5x face
Forgive me if I misunderstood