Preferred Stock Channel
Market News Video Self Directed Investor The Warren Buffetts Next Door Stock message boards
JPMorgan Chase & Co | 5.45% Non-Cumulative Preferred Stock, Series P (JPM.PRA)

Prospectus excerpt:  We are offering 34,000,000 depositary shares, each representing a 1/400th interest in a share of our perpetual 5.45% Non-Cumulative Preferred Stock, Series P, $1 par value, with a liquidation preference of $10,000 per share (equivalent to $25 per depositary share) (the “Preferred Stock”). Each depositary share entitles the holder, through the depositary, to a proportional fractional interest in all rights, powers and preferences of the Preferred Stock represented by the depositary share.

We will pay dividends on the Preferred Stock, when, as, and if declared by our board of directors or a duly authorized committee of our board, at a rate of 5.45% per annum, payable quarterly, in arrears, on March 1, June 1, September 1 and December 1 of each year, beginning on June 1, 2013. Dividends on the Preferred Stock will not be cumulative. Upon the payment of any dividends on the Preferred Stock, holders of depositary shares will receive a related proportionate payment.

We may redeem the Preferred Stock on any dividend payment date on or after March 1, 2018, in whole or from time to time in part, at a redemption price equal to $10,000 per share (equivalent to $25 per depositary share), plus any declared and unpaid dividends, without accumulation of any undeclared dividends. We may also redeem the Preferred Stock upon certain events involving capital treatment as described in this prospectus supplement. If we redeem any Preferred Stock, the depositary will redeem the related depositary shares.

Full Prospectus PDF », JPM Page »

Alternate symbology:JPM-A, JPM-PA, JPMprA
Call Date:3/1/2018
Shares Offered:34,000,000
Liquidation Preference:$25
Recent Market Price:$26.23
Premium to Liquidation Preference:
(More Preferreds Trading at a Premium »)
$1.23 (4.92%)
Annualized Dividend:1.3625
Recent Ex-Date:10/28/2016
Current Yield:5.20%
Original Coupon:5.450%
Pay Period:Quarterly
Pay Dates:1-Mar, 1-Jun, 1-Sep, 1-Dec
JPMorgan Chase is a financial holding company. Through its subsidiaries, Co., as a financial services firm and banking institution, provides investment banking, financial services for consumers and businesses, commercial banking, financial transaction processing and asset management. Co.'s consumer business is the Consumer and Community Banking segment. The Corporate and Investment Bank, Commercial Banking, and Asset Management segments comprise Co.'s wholesale businesses. Under the J.P. Morgan and Chase brands, Co. serves customers in the corporate, institutional and government clients. As of Dec 31 2015, Co. had total assets of $2.35 trillion and deposits of $1.28 trillion.


Open the JPM Information Page »
Name:  JPMorgan Chase & Co
Sector:  Banking & Savings
Number of ETFs Holding JPM:  94 (see which ones)
Total Market Value Held by ETFs:  $8,477,061,589
Total Market Capitalization:  $248,504,000,000
% of Market Cap. Held by ETFs:  3.41%

Top Ten Highest Yielding Preferred Stocks
Feel-Good Income: Socially Responsible Preferreds
Dividend Channel's 25 S.A.F.E. Dividend Stocks
Increasing Payments For Decades

Safer than S.A.F.E: Preferreds of Dividend Channel's
S.A.F.E. Dividend Stocks

Recent Preferred Stock Offerings
Preferred Stocks of Dow Components
Preferred Stocks of S&P 500 Components
Preferred Stocks By Industry
Preferred Stocks Where Insiders Are Buying The Common
High Yield Preferred Stocks
Preferreds Trading At Premiums To Liquidation Preference
Preferreds Trading At Discounts To Liquidation Preference
The Top 10 DividendRank'ed U.S. Stocks
The Top 10 DividendRank'ed Canadian Stocks
Top 25 Broker Analyst Picks of the S&P 500
Stock market game
Quotes delayed 20 minutes

JPMorgan Chase & Co | 5.45% Non-Cumulative Preferred Stock, Series P (JPM.PRA) Information Page | Preferred Stock Channel | | Copyright © 2011 - 2016, All Rights Reserved

Nothing in Preferred Stock Channel is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and dividend videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact Preferred Stock Channel; Meet Our Editorial Staff.