JPM to repay TARP by 30 Sept 2009 because it is offering a dividend to its preferred and common stocks.
Thus: A JPM 8K to the SEC should exist about the Dividend.
JPMorgan Chase & Co. JPM declared a quarterly dividend of 5 cents per share on the outstanding shares of the Corporation’s common stock. The dividend is payable on October 31, 2009, to stockholders of record at the close of business on October 6, 2009.
Notice: TARP required Bank companys to stop or dramaticly reduce Dividend payments till TARP was repayed.
JPM had to clear the TARP hurdle.
I feel a Settlement is coming.. Look for all WAMU stocks to take off VOLUME and PPS...