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Ohh? Wow!!
It was the know what you hold crew
Look at the pps and tell me know they'll get it up? For an ev company putting out the news they do this is sad. I expect RS news real soon then more diluting all imo
Alright when is the RS? Only way this pos goes up
Unreal lol
Reality isn't negative my guy
Folks would care if the company wasn't just good at playing dead. If dd mattered here this one wouldn't be down here
52 week high to thr 52 week lows. Sheesh
Well just look pps 90 cents to 4 cents. That's enough dd for me
Isn't idex biometrics also a subsidiary?
I hear you. We shall see!
Prs daily so I think it's here
Fitting for this one
Not in the business but this smells like a promo . Real nasty one too
Idex needs to be buried
First post here but this is tanking like a rock from 90 cents to 2 cents
I this Sonos or spectra?
Lol
What's really the matter? If you're right by the end of the day we will all see what happens here
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
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 $303 billion in stockholders’ equity as of March 31, 2023. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management. Under the J.P. Morgan and Chase brands, the Firm serves millions of customers in the U.S., and
Little bit
I'm not yuan! Mi nombre is Jesus! I get you
Biblical squeeze parting the red sea
Oh the desperate. Buyout news and the scramble begins
Closer to greatness? This turd is barely alive just look at their revs
Shells cost are cheap and liquidity isn't there Like it use to. Billion dollar Shells are obscene
At 1.00 this is worth 2 billion dollars. Goodluck on that merger
The otc running wild valuation is over
Folks talking 10 cents too. Just look at humble and evolve as it ain't happening
On what planet is this shell worth more than nasdaq companies?
Market cap over 22 million
22,370,346
04/26/2023
Authorized Shares
7,000,000,000
04/26/2023
Outstanding Shares
2,405,413,500
04/26/2023
Restricted
291,261,593
04/26/2023
Unrestricted
2,114,151,907
04/26/2023
Held at DTC
2,102,898,813
04/26/2023
The days of the otc overpriced Shells running are long over.
Debt ceiling raised voted and passed
USA can't have another bank fail so this will be bought out imo
Funding with under 600$? Fund them 100%
Chinese pos
Typo and it's really SO
If they can sell 6 leggings over 100$ they'll have more money than Dryworld. What a joke!
Do a company merging with another company buying them with 516$ diluting shares? Does he also know the preffered shares are more than the common shares?
Nexus Energy Services, Inc.
dba Dryworld Brands
Balance Sheet
Unaudited
December 31,
2022
Assets
Current assets:
Cash $ 516
Accounts receivable 2,928
Inventory 202,424
Total current assets 205,868
Reorganization costs -
Total assets $ 205,868
Liabilities and Stockholders’ Equity (Deficit)
Current liabilities:
Accounts payable $ 235,717
Accrued liabilities -
Loans payable related party 103,000
Notes payable, current portion 236,500
Total current liabilities 575,217
Notes payable -
Total liabilities 575,217
Stockholders’ equity:
Common
stock
Common stock, $0.001 par value; 350,000,000 shares authorized; 171,565,229 as of
December 31, 2022 171,565
Preferred Class D, $0.0001 par value; 2,000,000 shares authorized; 10,000 shares
issued and outstanding as of December 31, 2022 1
Preferred Class D, $0.0001 par value; 2,000,000 shares authorized; 1
Magic jelly beans because they have just a little over 518 in Cash