JPMorgan (JPM) PT Raised to $202 at Barclays

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JPMorgan (JPM) to Redeem $2B Worth of Preferred Stock

January 3, 2022 5:52 AM EST

JPMorgan Chase & Co. (NYSE: JPM) has announced that on February 1, 2022 it will redeem all of the 200,000 outstanding shares of its Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series Z (Series Z Preferred Stock). The shares of Series Z Preferred Stock are represented by 2,000,000 depositary shares (CUSIP 46625HKK5).... More