Item 8.01 Other Events
On June 27, 2022, JPMorgan Chase & Co. ("JPMorgan Chase" or the "Firm")
announced that the Board of Governors of the Federal Reserve System (the
"Federal Reserve Board") has notified the Firm that its indicative Stress
Capital Buffer ("SCB") requirement is 4.0%, based on the 2022 Comprehensive
Capital Analysis and Review ("CCAR") stress test results. The Federal Reserve
Board will provide the Firm with its final SCB requirement by August 31, 2022,
and that requirement will become effective on October 1, 2022 and will remain in
effect until September 30, 2023.
JPMorgan Chase's Board of Directors intends to maintain the current quarterly
common stock dividend of $1.00 per share for the third quarter of 2022 in light
of higher future capital requirements. The Firm's quarterly common stock
dividends are subject to approval by the Board of Directors at the customary
times that those dividends are declared.
A copy of the Firm's press release relating to this announcement is attached as
Exhibit 99. The information set forth in Exhibit 99 shall be deemed to be
"filed" for purposes of the Securities Exchange Act of 1934, as amended.
This Current Report on Form 8-K (including the Exhibit hereto) contains
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. These statements are based on the current beliefs
and expectations of JPMorgan Chase's management and are subject to significant
risks and uncertainties. Actual results may differ from those set forth in the
forward-looking statements. Factors that could cause JPMorgan Chase's actual
results to differ materially from those described in the forward-looking
statements can be found in JPMorgan Chase's Annual Report on Form 10-K for the
year ended December 31, 2021 and Quarterly Report on Form 10-Q for the quarter
ended March 31, 2022, which have been filed with the Securities and Exchange
Commission and are available on JPMorgan Chase's website
(https://jpmorganchaseco.gcs-web.com/financial-information/sec-filings) and on
the Securities and Exchange Commission's website (www.sec.gov). JPMorgan Chase
does not undertake to update any forward-looking statements.
Item 9.01 Financial Statements and Exhibits
Exhibit No. Description of Exhibit
99 JPMorgan Chase & Co. press release dated June 2 7 , 202 2
101 Pursuant to Rule 406 of Regulation S-T, the
cover page is formatted in
Inline XBRL (Inline eXtensible Business Reporting Language).
104 Cover Page Interactive Data File (embedded
within the Inline XBRL document
and included in Exhibit 101).
© Edgar Online, source Glimpses