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Just so many coincidents???????
"According to the SEC, JPMS regularly asked clients to sign confidential release agreements if they had been issued a credit or settlement from the firm of more than $1,000. The agreements required the clients to keep confidential the settlement and all facts relating to it. The agreements allowed clients to respond to SEC inquiries but didn't permit clients to voluntarily contact the SEC."
"J.P. Morgan Securities LLC, a unit of JPMorgan Chase (NYSE:JPM), agreed to pay $18M to resolve a Securities and Exchange Commission investigation that found the firm impeded hundreds of advisory clients and brokerage customers from reporting potential securities violations to the SEC, the regulator said on Tuesday.
According to the SEC, JPMS regularly asked clients to sign confidential release agreements if they had been issued a credit or settlement from the firm of more than $1,000. The agreements required the clients to keep confidential the settlement and all facts relating to it. The agreements allowed clients to respond to SEC inquiries but didn't permit clients to voluntarily contact the SEC.
J.P. Morgan Securities LLC didn't admit or deny wrongdoing. It did agree to be censured, to cease and desist from violating whistleblower protection rules, and to pay the $18M civil penalty."
https://seekingalpha.com/.../4055147-jp-morgan-securities...
"JPMorgan put a solid earnings sheet on the table last week and the bank reported a massive $50B in earnings for FY 2023, which were in part boosted by the opportunistic acquisition of First Republic Bank in the second-quarter of FY 2023. The integration of First Republic Bank has yielded a positive earnings contribution of $4.1B and JPMorgan will likely continue to see deposit growth in FY 2024 as investors rotate capital back from high-yielding money market funds to bank deposits."
https://seekingalpha.com/article/4662866-jpmorgan-stock-q4-likely-fairly-valued-rating-downgrade-hold
"Double-digit Y/Y earnings growth due to strong U.S. economy, First Republic Integration
Despite missing on the top and bottom line for Q4'23, JPMorgan reported very solid earnings results for the full-year, largely because the U.S. economy hummed along nicely.
The bank said it generated almost $50.0B in net income in FY 2023, showing a year-over-year growth rate of 32%. Adjusting for the earnings accretion related to the First Republic Bank acquisition, JPMorgan's earnings were still up a solid 20% year over year to $45.4B. The acquisition of First Republic Bank obviously was a smart move on the part of Jamie Dimon in May when he bought the regional bank from the Federal Deposit Insurance Corporation for $10.6B. First Republic Bank, at the time, was the second-largest bank failure in the U.S."
https://seekingalpha.com/article/4662866-jpmorgan-stock-q4-likely-fairly-valued-rating-downgrade-hold
In my opinion of the current situation IMO
Settlement is iminent with the FDIC:
1. Libor setllement: Part of the settlement of Signature, Silicone bank using First Republic/JPM cover
with the adjustment of Billions to accomodate a settlment with the FDIC.
2. The settlement of Libor banks contribution of $$$$ involved to be distributed by the FDIC
disributed by DTCC. The already transferred billions between the DTS Trust to Brookfield, KKR,
APO, JPM, CG, TPG etc. This summer as a means for the cover of the MBSs to support FDIC for
settlement to the DTCC to 3rd party distributions.
3. During the last several years funds through the many bonds as I have posted and identified as
Mother Bonds. (ei. 125B, 64B), and many others by JPM.
4. I also believe the 64Bil settlement for Project West, Anico insurance JPM settlement. This will be
settled at any time, it is iminent. 64B as stated inthe Mother Bond by JPM
This must be done before 4/4/2024 the deadline for the deposition deadline by FDIC/Libor. This will never see trial IMO
Thanks, Boris deposition due date 4/4/2024 on or before. Thanks.
Thanks for your sense of humor.
The one-time events are tied to us.
Big banks' Q4 earnings expected to show NIM pressure, lots of one-time items
5
Big banks' Q4 earnings expected to show NIM pressure, lots of one-time items
Jan. 11, 2024 2:09 PM ETJPMorgan Chase & Co. (JPM) Stock, BAC Stock, C Stock, GS Stock, MS Stock, WFC StockFITB, BLK, USB, BK, CMA, MTB, RF, KEY, STT, NTRS, PNC, HBAN, FHN, TFC, IBKR, DFS, WBS, TRV, ALLY, CFG, OZK, US10YBy: Liz Kiesche, SA News Editor12 Comments
?
lucky-photographer
Expectations aren't high for banks' Q4 earnings as three of the biggest U.S. banks report their results on Friday. Keep in mind that while the potential for rate cuts later this year spurred a rally in bank stocks in late 2023, Q4 results will reflect peak interest rates, putting pressure on deposit costs and on available-for-sale securities portfolios.
For the most part, analysts expect net interest income and net interest margins to remain under pressure in Q4. "Expect some incremental NIM pressure for the quarter, but abating from here," said Morgan Stanley analysts led by Betsy Graseck in a note to clients. "This quarter we saw the first evidence that deposit price competition is easing, as banks began cutting offer rates for new CDs over the past month (down by 8bps in December), which should benefit NIM starting in 1Q24."
Most of the big banks are expected to post earnings that declined from a year ago, with JPMorgan Chase (NYSE:JPM) being a notable exception. It's expected to earn $3.61 per share in Q4 2023 compared with $3.57 a year ago. While Goldman Sachs (NYSE:GS) is expected to earn $4.27 per share compared with $3.32 a year ago, the year-ago figure had significant one-time charges.
If we got paid last year we will be paid at the end of the month
"The dividend payment date is Thursday, February 1, 2024, to stockholders of record at the close of business on Tuesday, January 2, 2024."
https://www.jpmorganchase.com/ir/news/2023/jpmc-declares-preferred-stock-dividends-12-15
"Five banks pull in almost $66B of net interest income in Q4; get set for a decline
Jan. 12, 2024 2:33 PM ETBank of America Corporation (BAC) Stock, JPM Stock, C Stock, WFC Stock, BK StockBy: Liz Kiesche, SA News Editor11 Comments"
This will grow to 94 B as sated by JPM
https://seekingalpha.com/news/4054801-five-banks-pull-in-almost-66b-of-net-interest-income-in-q4-get-set-for-a-decline
I agree Boris The only reason I am still here
Is that all you got. Say hi to your bosses
They have our assets under management and will not let them go easily or not at all IMO
https://www.jpmorganchase.com/ir/news/2024/jpmc-declares-preferred-stock-dividends-01-12
The dividend payment date is Friday, March 1, 2024, to stockholders of record at the close of business on Wednesday, January 31, 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 $328 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 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.
JPMorgan Chase & Co. 6 DEP NCM PFD EE declares $0.375 dividend
Jan. 12, 2024 4:58 PM ETJPMorgan Chase & Co. 6 DEP NCM PFD EE (JPM.PR.C) StockJPMBy: Urvi Shah, SA News Editor
JPMorgan Chase & Co. 6 DEP NCM PFD EE (JPM.PR.C) declares $0.375/share quarterly dividend, in line with previous.
Forward yield 5.91%
Payable March 1; for shareholders of record Jan. 31; ex-div Jan. 30.
See JPM.PR.C Dividend Scorecard, Yield Chart, & Dividend Growth
·
https://seekingalpha.com/.../4054847-jpmorgan-chase-and...
Ours P's in JPMC in JPMC IMP
JPMorgan Chase & Co. 6 DEP NCM PFD EE declares $0.375 dividend
JPMSA NewsYesterday, 4:58 PM
JPMorgan Chase & Co. 4.55 DEP PFD JJpr declares $0.2844 dividend
JPMSA NewsYesterday, 4:57 PM
JPMorgan Chase & Co. 4.20% DP PFD MMp declares $0.2625 dividend
JPMSA NewsYesterday, 4:57 PM1 Comment
JPMorgan Chase & Co. 4.625 DEP PFD LL declares $0.289 dividend
JPMSA NewsYesterday, 4:56 PM
JPMorgan Chase & Co. 5.75% SHS PFD DD declares $0.3594 dividend
JPMSA NewsYesterday, 4:56 PM
https://seekingalpha.com/account/portfolio/all/holdings
·
What is good for goose is good for the gander DTCC in settlement ?????
"DTC has received notification from CITIBANK/CP/IPA, DTC #1501, the MMI issuing/paying
agent for ENGIE (GIN*), BASE ISSUER CUSIP 29287A, that CITIBANK/CP/IPA refuses to pay
maturity presentments for this issuer’s Corporate Commercial Paper that are due and payable
through DTC. Therefore, in accordance with DTC’s rules and procedures, this issuer’s
Corporate Commercial Paper will not be completed today.
https://www.dtcc.com/-/media/Files/pdf/2024/1/12/19575-24.pdf
I have no anomousity to anyone here, until someone comes at me. One needs to defend oneself from his evil attack IMO
The great equalizer and the center of all to pay there settlement and agreement. They need to announce our settlement.
Investors became concerned about unrealized losses on treasuries because of the outsized role such losses played in SVB and First Republic collapsing. Bank of America had by far the largest unrealized loss of all U.S. banks at the time. Coming in at over $100 billion, it was enough to cut BAC’s book value by over a third!
https://seekingalpha.com/article/4662521-bank-of-america-q4-mixed-earnings-great-value?hasComeFromMpArticle=false
That is mostly because of First Republic and is mostly our money for WMB and back dividends and interest IMO
And while JPMorgan (NYSE:JPM) expects 2024 NII of about $90B, roughly flat with 2023, it expects quarterly declines throughout 2024 from Q4's rate. The bank priced in six rate cuts during the year.
https://seekingalpha.com/news/4054801-five-banks-pull-in-almost-66m-of-net-interest-income-in-q4-get-set-for-a-decline
Look at this not even close where else would the 90 Bil go?????
https://seekingalpha.com/news/4054801-five-banks-pull-in-almost-66m-of-net-interest-income-in-q4-get-set-for-a-decline
AZ if you can't add anything get out of the way. Your insults to me are just confirming your confused state of mind. Your reality is different than mine and is a benefit to most here. This is your season to be silent. IMO
"
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173607418
~ Regarding the ?' re: COOP the sub ?' ... and XXXX ?' ... Keep Posting Things' That DO NOT MATTER', & buckets' LOL ... It's what makes u-happy ie: "spam" ~
give ol cactus' just 1 good' reason ... I found it' professor (LOL) ... why can't u ? ... (I haven't liked the twistin' and lyin' about my own work ... ? ... for quite awhile, now) ... so it's only about the party
just sayin'
AZ"
Maybe we will get 10 Bil dip in the pot by January 19th and 21st
Notice this is for Global. May be just the equalizer we are looking for.
"B19554-24
Jan 12, 2024
DTC
Underwriting
WSSS Issuer Delaware (B) L.P. Class A Notes.
B19557-24
Jan 12, 2024
DTC
Underwriting
WSSS Issuer Delaware (E) L.P. Class A Notes.
B19556-24
Jan 12, 2024
DTC
Underwriting
WSSS Issuer Delaware (D) L.P. Class A Notes.
B19555-24
Jan 12, 2024
DTC
Underwriting
WSSS Issuer Delaware (C) L.P. Class A Notes.
B19553-24
Jan 12, 2024
DTC
Underwriting
WSSS Issuer Delaware (A) L.P. Class A Notes.
B19558-24
Jan 12, 2024
DTC
Underwriting
WSSS Issuer Delaware (F) L.P. Class A Notes.
B19561-24
Jan 12, 2024
DTC
Underwriting
WSSS Issuer Jersey (C) Limited Class A Notes.
B19564-24
Jan 12, 2024
DTC
Underwriting
WSSS Issuer Jersey (F) Limited Class A Notes.
B19562-24
Jan 12, 2024
DTC
Underwriting
WSSS Issuer Jersey (D) Limited Class A Notes.
B19564-24
Jan 12, 2024
DTC
Underwriting
WSSS Issuer Jersey (F) Limited Class A Notes.
https://www.dtcc.com/legal/important-notices
Why do you pop up every time I am right. You are a great indicator. Tell that to your Boss.
5 bill on the 19th 5 Bil on the 21st, eat your heart out. Just a dip to what we will eventually get.
Do your own dd but this looks very good for 10 Billion to the underwriters.
There are 10 of these for the underwriters
1B = 10 B
Closing January 19th and 21st
"(C) Offer Amount: See (B) above (D) Underwriter: Morgan Stanley & Co. LLC (E) Paying Agent: U.S. Bank Trust Company, National Association (F) Closing Date: With respect to the Closing Date Funded Rule 144A Global Note, December 21, 2023.
https://www.dtcc.com/-/media/Files/pdf/2024/1/12/B19557-24.pdf
https://www.dtcc.com/-/media/Files/pdf/2024/1/12/B19554-24.pdf
B19554-24
Jan 12, 2024
DTC
Underwriting
WSSS Issuer Delaware (B) L.P. Class A Notes.
B19557-24
Jan 12, 2024
DTC
Underwriting
WSSS Issuer Delaware (E) L.P. Class A Notes.
B19556-24
Jan 12, 2024
DTC
Underwriting
WSSS Issuer Delaware (D) L.P. Class A Notes.
B19555-24
Jan 12, 2024
DTC
Underwriting
WSSS Issuer Delaware (C) L.P. Class A Notes.
B19553-24
Jan 12, 2024
DTC
Underwriting
WSSS Issuer Delaware (A) L.P. Class A Notes.
B19558-24
Jan 12, 2024
DTC
Underwriting
WSSS Issuer Delaware (F) L.P. Class A Notes.
Financial Earnings Calendar:
Friday, Jan. 12: premarket —BlackRock (BLK), Bank of New York Mellon (BK), Bank of America (BAC), Wells Fargo (WFC), JPMorgan Chase (JPM), Citigroup (C).
Tuesday, Jan. 16: premarket — PNC Financial (PNC), Goldman Sachs (GS), Morgan Stanley (MS); post-market — Interactive Brokers (IBKR)
Wednesday, Jan. 17: premarket — U.S. Bancorp (USB), Citizens Financial Group (CFG); post-market — Discover Financial (DFS)
Thursday, Jan. 18: premarket — Truist Financial (TFC), KeyCorp (KEY), M&T Bank (MTB), Northern Trust (NTRS), First Horizon (FHN); post-market — Bank OZK (OZK)
Friday, Jan. 19: premarket — Regions Finanicial (RF), Travelers (TRV), Fifth Third Bancorp (FITB), State Street (STT), Huntingtion Bancorp (HBAN), Ally Financial (ALLY), Webster Financial (WBS), Comerica (CMA
Libor here we come
Bank of America (BAC): On Monday, the bank said it will take a $1.6B pretax charge related to its transition from LIBOR, an index that was the basis for loan interest rates. However, the $1.6B impact is expected to be recognized back into its interest income in later periods, largely through 2026. The charge reduced Bank of America's common equity tier 1 ratio by 8 basis points as of Dec. 31, 2023, it said.
https://seekingalpha.com/news/4053592-big-banks-q4-results-nim-pressure-one-time-charges
Jst released today Go Figure
https://seekingalpha.com/news/4053592-big-banks-q4-results-nim-pressure-one-time-charges
JPMorgan Chase (JPM): SA Analyst Brian Gilmartin believes that investors are underappreciating the bank's First Republic acquisition, which has been "hugely accretive." He points out that JPM's 2023 EPS estimates surged to $16 at the end of December from $13 at the end of March. "It wasn't all First Republic, but certainly, that looks like a good chunk of the expected '23 upside even as the Commercial and Investment Bank stayed below '21 levels, which is not a surprise," Gilmartin said.
"Deutsche Bank analyst Matt O'Connor expects that JPMorgan's (JPM) recent guidance for net interest income medium-term run-rate at about $80B is likely to be increased, perhaps to $84B. "We also believe JPM may be a little more optimistic on the outlook for both deposit volumes and pricing," he said.
WOW Royal Dude
"Bank of America (BAC): On Monday, the bank said it will take a $1.6B pretax charge related to its transition from LIBOR, an index that was the basis for loan interest rates. However, the $1.6B impact is expected to be recognized back into its interest income in later periods, largely through 2026. The charge reduced Bank of America's common equity tier 1 ratio by 8 basis points as of Dec. 31, 2023, it said.
Think it is important JPMC is the tell and always has been. DD from JPM is most important with the Banks this summer and all of the mother Bonds issued, with all MBSs being stored in Brookfield.
XXXX =JPMC ????????????????? why hide it IMO
Listed tdoay
12/12/2023Transmission to Finance Unit (Cashiers). Transmitted re: (3960 in 1:11-md-02262-NRB, 656 in 1:11-cv-05450-NRB) Order on Motion for Attorney Fees, to the Finance Unit (Cashiers) for case processing. Filed In Associated Cases: 1:11-md-02262-NRB, 1:11-cv-05450-NRB. (Text entry; no document attached.)
12/12/2023Transmission to Finance Unit (Cashiers). Transmitted re: (3960 in 1:11-md-02262-NRB, 656 in 1:11-cv-05450-NRB) Order on Motion for Attorney Fees, to the Finance Unit (Cashiers) for case processing. Filed In Associated Cases: 1:11-md-02262-NRB, 1:11-cv-05450-NRB. (Text entry; no document attached.)
396301/04/2024NOTICE OF CHANGE OF ADDRESS by Lori Ann Fanning on behalf of Roberto Calle Gracey. New Address: Miller Law LLC, 53 W. Jackson Boulevard, Suite 1320, Chicago, Illinois, United States 60604, 312-332-3400.
396201/04/2024NOTICE OF CHANGE OF ADDRESS by Marvin Alan Miller on behalf of Roberto Calle Gracey. New Address: Miller Law LLC, 53 W. Jackson Boulevard, Suite 1320, Chicago, Illinois, United States 60604, 312-332-3400.
12/12/2023Minute Entry for proceedings held before Judge Naomi Reice Buchwald: Fairness Hearing held on 12/12/2023. (Text entry; no document attached
https://www.docketbird.com/court-cases/In-Re-Libor-Based-Financial-Instruments-Antitrust-Litigation/nysd-1:2011-md-02262
Bucket 1 iminent
Bucket 2 By End of May IMO
Tax documents are coming Less
Most 1099s will post by 2/15/2024 (all will post by 2/29/2024)
See dates for other forms in the Tax Calendar
It's possible you won't get a 1099 or you may get your form earlier. Learn more
Bucket 1
guess Jelly $8(par) x2 + =$16+
Ps= face 1000 x4,5 = $ 4500
Bucket 2
Brookfield 180 B value in MBSs
The great deception of our legacy value, only 135 mil but keep your eyes on this.
JBND employs a bottom-up, value-oriented approach that emphasizes security selection. It seeks to maximize total return by investing primarily in a diversified portfolio of intermediate and long-term debt securities, with a focus on securitized debt.
J.P. Morgan Asset Management to Transfer JPMorgan Active Bond ETF (JBND) to NYSE from NYSE Arca
Jan. 08, 2024 5:15 PM ETJPMorgan Chase & Co. (JPM), JBND, JPM:CA
JPMorgan Active Bond ETF (JBND) is expected to begin trading in February
https://am.jpmorgan.com/content/dam/jpm-am-aem/americas/us/en/literature/fact-sheet/etfs/FS-JBND.PDF
NEW YORK, Jan. 8, 2024 /PRNewswire/ -- J.P. Morgan Asset Management today announced its intent to transfer the exchange listing the JPMorgan Active Bond ETF (NYSE: JBND) to the New York Stock Exchange (NYSE) from NYSE Arca, effective January 30, 2024.
https://seekingalpha.com/pr/19584652-j-p-morgan-asset-management-to-transfer-jpmorgan-active-bond-etf-jbnd-to-nyse-from-nyse-arca?hasComeFromMpArticle=false
https://www.prnewswire.com/news-releases/jp-morgan-asset-management-to-transfer-jpmorgan-active-bond-etf-jbnd-to-nyse-from-nyse-arca-302028987.html
Bucket 1
guess Jelly $8(par) x2 + =$16+
Ps= face 1000 x4,5 = $ 4500
Bucket 2
Brookfield 180 B value in MBSs
All will be done from within JPM undisclosed IMO.
Players JPM/COOP/WMI
Brookfield =1.3 Trillion of DTSMBSs to be sticky at funds to manage indefinitely and we should receive dividends and interests and ROC when appropriate.
FDIC= Gov agency to distribute Settlement
DTCC = Institution intermediator to distribute Libor and JPM adjustment of 1ST republic, Signature and silicone
Q&A
What is fair and reasonable??
15% of 1 Trillion face vaue of MBS currently and transferring from th DTS Trust or $150 Billion our value of current legacy value of P's, K's and u's all others, all other classes were paid or left in in the Bankruptcy.
Where does this value go and come from ??
JPM took and the FDIC gave 32 Billion (assets) = 8 Billion - (Liabilities) + owners equity of 24 Billion
" The source" = 650 Billion have ben placed on the Market and and sold for the 15% value as determined in court + or minus what the market will bare. Legacy value Aprox 100 Billion
The agrument of 75%/25% is not of great interest to me than others depending on the amount of the classes of what you have. This issue is a way one can get on top of the law where it be clouded in so many ways. Sorry I have no need for alligence to devide and gleam in the right. I guess a necesary evil in this? I just wanted Win Win Win from the beginning.
As to the STS (remote) have been directed to sell the value, legacy value to all those that have decied to increase ther value in the AUM for the MBSs industry. Such as JPM,KKR, CG,
Brookfield, TPG, Truist, APO, and others as well.
Interest and dividends should have been accumulated in the
Holders whether in the DTS or the Banks involved.
I still Believe there will be two buckets P's And Ks, and one Bucket for the legacy value of the u's.
The Summer time planning of the Northstar merger ????? Have a great time inthe execution of the second Bucket??????
"The enhancements in the Summer 2023 release will affect the following services and functionalities: APP/SUB – Applications & Subsequent Premiums FAR – Financial Activity Reporting IFW – In Force Web Transactions POV – Positions and Valuations (PVF, PNF, PFF) STL – Settlement for Insurance IIEX – Insurance Information Exchange Schedule: Test – Thursday, June 15, 2023 – Mainframe and InForce Web Transactions Thursday, June 22, 2023 – Insurance Information Exchange (UI/API) Production – Thursday, July 13, 2023 – All Products"
IMO this is our money just from KKR TBD BY year end. We did not have any chooice as to them holding a portion Long term with minor capital being released aproximately 5%. Add different models of APO, Brookfield, TPG, GS, CG, WFC JPM, PNC and others?
https://seekingalpha.com/.../19294509-kkr-income...
KKR Income Opportunities Fund declares $0.1215 dividend
SEEKINGALPHA.COM
KKR Income Opportunities Fund (NYSE:KIO) declares $0.1215/share monthly dividend, in line with previous.Forward yield 13.25%Payable May 31; for shareholders of record May 12; ex-div May...
https://seekingalpha.com/.../19294509-kkr-income...
SEEKINGALPHA.COM
https://seekingalpha.com/.../19294509-kkr-income...
KKR Income Opportunities Fund Declares Monthly Distributions of $0.1215 Per Share
"The amounts and sources of distributions reported in this notice are only estimates and are not being provided for tax reporting purposes. The final determination of the source of all distributions in 2023 will be made after year-end. The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.
The Fund is a diversified, closed-end fund. Investors should consider the Fund’s investment objectives, risks, charges and expenses carefully before investing.
SEEKINGALPHA.COM
KKR Income Opportunities Fund Declares Monthly Distributions of $0.1215 Per Share
https://www.businesswire.com/news/home/20230417005865/en/
$125,157,168,784
JPMORGAN CHASE & CO.
Debt Securities
Warrants
Units
Purchase Contracts
Guarantees
JPMORGAN CHASE FINANCIAL COMPANY LLC
Debt Securities
Warrants
https://www.sec.gov/.../0000950103.../crt_dp192097-424b2.pdf
Triton Bought By BIP: Great Deal (NYSE:BIP)
SEEKINGALPHA.COM
Triton Bought By BIP: Great Deal (NYSE:BIP)
Brookfield Infrastructure Partners and Triton International Limited agreed on a $13 billion takeover. Click here to read about the acquisition-related matters
$125,157,168,784 JPMORGAN CHASE & CO. Debt Securities Warrants Units Purchase Contracts Guarantees JPMORGAN CHASE FINANCIAL COMPANY LLC Debt Securities Warrants We, JPMorgan Chase & Co., may from time to time offer and sell any of our securities listed above, in each case, in one or more series. Our subsidiary, JPMorgan Chase Financial Company LLC, which we refer to as “JPMorgan Financial,” also may from time to time offer and sell its securities listed above, in each case, in one or more series. We fully and unconditionally guarantee all payments of principal, interest and other amounts payable on any debt securities or warrants JPMorgan Financial issues
Interest Rate:5.50% per annumPricing Date:December 19, 2023, subject to the Business Day ConventionOriginal Issue Date:December 21, 2023, subject to the Business Day Convention (Settlement Date)Maturity Date:December 21, 2038, subject to the Business Day
SEC.gov | EDGAR Full Text Search
SEC.GOV
SEC.gov | EDGAR Full Text Search
It is so clear to me that there is a preparation of shifting value for Prefered and common to be paid from the Reserve stock account of JPM. I like JPM stock as a value recognition for our Legacy IMO/guess :)
"After deducting the appropriate amount of income taxes, the net profit was $13.15B of which $12.69B was attributable to the common shareholders of JPMorgan. This represented an EPS of $4.33 based on the average share count of 2.93B shares outstanding.
Looking at the 9M 2023 results, the bank reported a net profit of $40.25B of which $38.9B was attributable to the common shareholders.
According to the footnotes to the financial results, the total amount of preferred dividend payments in the third quarter of 2023 was just $386M. Which means JPMorgan needed less than 4% of its net income after deducting the income attributable to non-controlling interests to cover the preferred dividend payments.
The financial institution also meets my balance sheet requirements. Not only is the CET1 capital ratio still exceeding 14%, the total amount of $317B in equity contains just $27.4B in preferred equity which means the balance sheet contains approximately $290B in common equity which ranks junior to the preferred equity. Of course, in a scenario where the bank fails, that seniority won't matter much if a bank with a $4T balance sheet is collapsing. In case that unlikely event were to happen, I would expect both tiers of equity to be wiped out anyway."
Looking forward to the Q4 results
JPMorgan will report on its Q4 results before the end of this month and I'm looking forward to see how the lower interest rates on the financial markets toward the end of the fourth quarter had an impact on the fair value of the portfolio of securities available for sale as well as the unrealized loss on the portfolio of securities held to maturity.
As you can see in the image below, JPMorgan was able to continuously increase its net interest income which jumped to $22.7B in the third quarter of 2023. That's an increase of in excess of a quarter compared to the $17.5B in Q3 2022, and even if you'd compare it to the net interest income in the first few quarters of the year JPM is coming out ahead.
https://seekingalpha.com/article/4661213-jpmorgan-a-5-5-percent-preferred-dividend-yield-with-a-4-percent-payout-ratio
Agreed, it makes no sense, but using the DTCC and being an internal transfer in JPM, it is possible. I admit, however, that I am not certain.
Not easy being green
How do you know that if all done within JPM
At the same time IMO IMMINENT They use the system to their benefit