Editor’s Note: Related tickers: JPMorgan Chase & Co. (NYSE:JPM)
JPMorgan investors on edge over vote on Dimon; what if they win? (Reuters)
As final ballots come in on a proposal to strip JPMorgan Chase & Co. (NYSE:JPM) Chairman and Chief Executive Jamie Dimon of his chairman title, some worry about what will happen if shareholders win what will likely be a close vote. JPMorgan Chase & Co. (NYSE:JPM)’s annual meeting on Tuesday will bring to head a months-long and bitter shareholder campaign demanding more oversight of Dimon, who has suggested that he may eventually leave the bank if he loses the vote. Investors say that while Dimon, 57, may need more oversight after the bank posted $6.2 billion in losses from failed derivative trades last year, they do not want him to quit.
JP Morgan, under pressure, gives polling information to investors (IFRAsia)
JPMorgan Chase & Co. (NYSE:JPM), under pressure from the New York Attorney General’s office, has agreed to give investors information about upcoming ballot votes, after the company that collects votes on the measures stopped giving out polling information last week. The bank’s annual meeting is on Tuesday, and by far the most controversial matter up for vote is whether bank head Jamie Dimon should retain his chief executive role but be stripped of his chairman title. Investors that sponsored the measure, including a government workers’ union pension fund, said the bank’s CEO has too much sway over the board, and needs more oversight. Dimon has hinted that if he is no longer chairman, he may leave the bank.
What happens if shareholders oust Jamie Dimon from the chair (FinancialPost)
As final ballots come in on a proposal to strip JPMorgan Chase & Co. (NYSE:JPM) Chairman and Chief Executive Jamie Dimon of his chairman title, some worry about what will happen if shareholders win what will likely be a close vote. JPMorgan Chase & Co. (NYSE:JPM)’s annual meeting on Tuesday will bring to head a months-long and bitter shareholder campaign demanding more oversight of Dimon, who has suggested that he may eventually leave the bank if he loses the vote.
J.P. Morgan up 1.7%, second-biggest gainer in Dow (MarketWatch)
Financial stocks were up on Tuesday ahead of speeches expected by two Federal Reserve officials that might give indications to the direction of the Fed’s bond-buying program. The Financial Select Sector SPDR Fund , which tracks financial stocks in the S&P 500 , was up 0.4%. JPMorgan Chase & Co. (NYSE:JPM) was up 1.7%, making it the second biggest gainer in the Dow Jones Industrial Average.
JPMorgan Chase & Co (NYSE:JPM)’s shares decline by 0.02% (WallStreetPR)
Monday’s trading session saw JPMorgan Chase & Co. (NYSE:JPM) down by 0.02%. It closed at a price of $52.29 which reached an intraday high of $52.63 before heading down to close at $51.91 per share. In excess of 22.02 million shares exchanged hands in Monday’s trading session, which was below the average volume of 22.65 million that was measured over a 30-day period JPM is a financial holding company. It is a global financial services firm as well as a banking institution in the U.S that operates globally. JPMorgan Chase & Co. (NYSE:JPM) is engaged in investment banking, financial services for small businesses and consumers, financial transaction processing, commercial banking, private equity and asset management.
