9/20/2023 0 Comments Portal 2 release date![]() 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. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management. JPMorgan Chase had $3.7 trillion in assets and $303 billion in stockholders’ equity as of March 31, 2023. (NYSE: JPM) is a leading financial services firm based in the United States of America (“U.S.”), with operations worldwide. The live audio webcast and presentation slides will be available on the Firm’s website, under Investor Relations. Please dial in 15 minutes prior to the start of the call. and Canada, or (312) 470-7119 for international callers using passcode 1364784#. The general public can access the call by dialing (888) 324-3618 in the U.S. ET featuring Jamie Dimon, and CFO, Jeremy Barnum, on Monday, May 1Īs noted above, JPMorgan Chase will host a conference call for analysts and investors on Monday, May 1, at 8:30 a.m. ET and an analyst and investor call at 8:30 a.m. post an investor presentation with additional deal details on its Investor Relations website at approximately 7:00 a.m.As always, we are committed to treating employees with respect, care and transparency.” “We look forward to welcoming First Republic employees. “First Republic has built a strong reputation for serving clients with integrity and exceptional service,” said Lake and Piepszak. The acquired First Republic businesses will be overseen by JPMorgan Chase’s Consumer and Community Banking (CCB) Co-CEOs, Marianne Lake and Jennifer Piepszak. ![]() 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 20. Remain very well-capitalized with a CET1 ratio consistent with its 1Q 24 target of 13.5% and maintain healthy liquidity buffers.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.JPMorgan Chase is not assuming First Republic’s corporate debt or preferred stockįirst Republic branches will open on Monday, May 1, as normal, and clients will continue to receive uninterrupted service, including digital and mobile banking capabilities.Īs a result of this transaction, JPMorgan Chase expects to:. ![]() ![]()
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