ADVFN Logo

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Registration Strip Icon for alerts Register for real-time alerts, custom portfolio, and market movers
JP Morgan Chase and Co

JP Morgan Chase and Co (JPM)

192.66
2.36
(1.24%)
Closed March 18 04:00PM
192.74
0.08
( 0.04% )
Pre Market: 06:08AM

Unlock more advanced trading tools

Join ADVFN today

Key stats and details

Current Price
192.74
Bid
-
Ask
-
Volume
884
0.00 Day's Range 0.00
123.11 52 Week Range 192.69
Market Cap
Previous Close
192.66
Open
-
Last Trade
4
@
192.77
Last Trade Time
06:09:48
Financial Volume
-
VWAP
-
Average Volume (3m)
8,985,803
Shares Outstanding
2,880,371,498
Dividend Yield
2.13%
PE Ratio
11.55
Earnings Per Share (EPS)
16.68
Revenue
158.1B
Net Profit
48.05B

About JP Morgan Chase and Co

JPMorgan Chase is one of the largest and most complex financial institutions in the United States, with nearly $4 trillion in assets. It is organized into four major segmentsconsumer and community banking, corporate and investment banking, commercial banking, and asset and wealth management. JPMorga... JPMorgan Chase is one of the largest and most complex financial institutions in the United States, with nearly $4 trillion in assets. It is organized into four major segmentsconsumer and community banking, corporate and investment banking, commercial banking, and asset and wealth management. JPMorgan operates, and is subject to regulation, in multiple countries. Show more

Sector
National Commercial Banks - Non Islamic
Industry
National Commercial Banks - Non Islamic
Headquarters
Wilmington, Delaware, USA
Founded
1970
JP Morgan Chase and Co is listed in the National Commercial Banks - Non Islamic sector of the New York Stock Exchange with ticker JPM. The last closing price for JP Morgan Chase was $192.66. Over the last year, JP Morgan Chase shares have traded in a share price range of $ 123.11 to $ 192.69.

JP Morgan Chase currently has 2,880,371,498 shares outstanding. The market capitalization of JP Morgan Chase is $554.93 billion. JP Morgan Chase has a price to earnings ratio (PE ratio) of 11.55.

JPM Latest News

JPMorgan Chase Declares Preferred Stock Dividends

JPMorgan Chase & Co. (NYSE: JPM) (“JPMorgan Chase” or the “Firm”) has declared dividends on the outstanding shares of the Firm’s Series Q, R, S, U and CC preferred stock. Information can be found on t...

Chase Freedom® Encourages Cardmembers To Celebrate With Family, Given and Chosen, With Q2 2024 Quarterly Categories: Hotels, Restaurants and Amazon.com

Freedom Flex® cardmembers get a special opportunity to stack with always-on cash back categories, earning 9%, 7%, and 5% across activated categories Today, Chase Freedom® announced its rotating quarte...

Adobe Stock Drops Following Below-Estimate Projections, Cardlytics Surges with Unexpected Profit, and More News

Adobe (NASDAQ:ADBE) – Adobe‘s shares fell approximately 11.65% in pre-market trading following a robust first fiscal report. Adobe reported an adjusted earnings per share of $4.48 on reven...

J.P. Morgan Wealth Management and Entrepreneur Daniella Pierson Will Host Event to Help Women Build Financial Freedom

J.P. Morgan Wealth Management and Daniella Pierson, founder and CEO of The Newsette Media Group, are teaming up to help empower people to build their financial freedom. Together, they are hosting the ...

ETF Veteran Jon Maier Joins J.P. Morgan Asset Management

ETF Veteran Jon Maier Joins J.P. Morgan Asset Management PR Newswire NEW YORK, March 13, 2024 Will lead new ETF Insights program NEW YORK, March 13, 2024 /PRNewswire/ -- J.P. Morgan Asset Management (...

Intel Loses Pentagon Funding, Shell Plans 20% Business Team Reduction, and Latest News

Intel (NASDAQ:INTC) – The Pentagon has decided not to proceed with a plan to allocate up to $2.5 billion in chip subsidies to Intel, shifting the responsibility to another federal agency, the De...

JPMorgan Chase to Host First-Quarter 2024 Earnings Call

As previously announced, JPMorgan Chase & Co. (NYSE: JPM) (“JPMorgan Chase” or the “Firm”) will host a conference call to review first-quarter 2024 financial results on Friday, April 12, 2024 at 8:30 ...

Oracle Soars 13% With Exceptional Growth and Boosts Nvidia Shares With Collaboration Announcement, and More

Nvidia (NASDAQ:NVDA) – Nvidia shares are up 1.7% in Tuesday’s pre-market, driven by Oracle‘s (NYSE:ORCL) emphasis on its importance in the artificial intelligence market. After Monda...

PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
13.992.11390728477188.75192.69187.1039517082190.36383285CS
413.557.56180590435179.19192.69178.4057833402186.71034522CS
1225.2815.0961423624167.46192.69164.38985803176.49568411CS
2643.2928.9662094346149.45192.69135.199224956161.67894658CS
5265.7951.8235525798126.95192.69123.119987623150.81711984CS
15637.2323.9405825992155.51192.69101.2812050701143.47880515CS
26084.5478.1330868762108.2192.6976.9113503307127.88128744CS

Market Movers

View all
  • Most Active
  • % Gainers
  • % Losers
SymbolPriceVol.
FUSNFusion Pharmaceuticals Inc
$ 20.76
(95.11%)
222.66k
OTRKOntrak Inc
$ 0.34
(78.95%)
4.46M
ZCARZoomcar Holdings Inc
$ 1.83
(55.08%)
7.48M
SUGPSU Group Holdings Ltd
$ 3.78
(24.34%)
1
NCMINational CineMedia Inc
$ 5.24
(24.17%)
29.86k
GWAVGreenwave Technology Solutions Inc
$ 0.172
(-53.89%)
341.73k
PIXYShiftPixy Inc
$ 4.79
(-29.56%)
71.57k
AIRJMontana Technologies Corporation
$ 9.06
(-18.08%)
55
MNDOMIND C T I Ltd
$ 1.85
(-17.41%)
566
BCTXBriaCell Therapeutics Corporation
$ 2.43
(-16.21%)
100
ZCARZoomcar Holdings Inc
$ 1.83
(55.08%)
7.48M
OTRKOntrak Inc
$ 0.34
(78.95%)
4.46M
VERBVerb Technology Company Inc
$ 0.42105
(16.96%)
3.33M
SQQQProShares UltraPro Short QQQ
$ 11.14
(0.81%)
1.44M
CJETChijet Motor Company Inc
$ 0.7059
(21.64%)
1.05M

JPM Discussion

View Posts
Saving Grace Saving Grace 2 weeks ago
It's suicide week for Wall Street central banks.
🇮🇩 1 🇮🇴 1 🇹🇹 1 💩 1 🤡 1
tw0122 tw0122 2 weeks ago
JPMorgan Chase was funneling $40,000 to $80,000 a month in hard cash to Epstein so he could pay hush money to his victims and incentive cash to his recruiters of underage girls. But instead of Boies including what would be the very critical information against JPMorgan Chase that was obtained in discovery in last year’s cases, the bank’s name is not mentioned once in the 85-page court filing.
👍️0
tw0122 tw0122 2 weeks ago
Throughout last year’s scandalous headlines, the Chairman and CEO of JPMorgan Chase, Jamie Dimon, preposterously stuck to the story that he didn’t know the notorious Epstein was a client at the bank, from at least 1998 to 2013, and likely much longer.

The Boies law firm and another law firm involved in the Epstein victims’ case, Edwards Henderson Lehrman, received $87 million in legal fees from the $290 million settlement, plus more than $1 million in legal expenses.

Now we’re learning new details about what else WilmerHale and Dimon extracted from David Boies (in addition to a ton of documents remaining sealed or redacted) in exchange for that $87 million payday.

Earlier this month, David Boies filed a federal lawsuit against Darren Indyke and Richard Kahn, Epstein’s personal lawyer and accountant, respectively. There are two named plaintiffs who seek to become the class representatives in a class action against Indyke and Kahn: Danielle Bensky and Jane Doe 3.

Bensky’s allegations originate during the time-period in which JPMorgan Chase was funneling $40,000 to $80,000 a month in hard cash to Epstein so he could pay hush money to his victims and incentive cash to his recruiters of underage girls. But instead of Boies including what would be the very critical information against JPMorgan Chase that was obtained in discovery in last year’s cases, the bank’s name is not mentioned once in the 85-page court filing.

The heart of the case against Indyke and Kahn is that they were “personally essential to the Epstein Enterprise’s success—among other things, they helped structure Epstein’s bank accounts and cash withdrawals to give Epstein and his associates access to large amounts of cash in furtherance of sex trafficking.”

How a lawyer can prove this case without naming the bank that played a central role in the scheme from at least 1998 through 2013 is beyond our comprehension. Unless, of course, the strategy is to just grab another settlement.

Below is a sampling of the gut-wrenching charges that Boies made against JPMorgan Chase just last year in the victims’ case against the bank:

“To access the large amount of cash needed to maintain his active sexual abuse of young women, it was essential that the financial institution where he banked be complicit in his operation, and more specifically that Epstein bank at a financial institution that would allow him to constantly withdraw cash from his accounts without following anti-money laundering and reporting laws. To put it plainly, Epstein needed a bank that knew he was engaging in illegal activity and did not care, which Epstein had in JP Morgan.”

“Epstein’s aptitude as a sex-trafficker and appetite as a sexual abuser did not suffer because of his Florida incarceration in 2008. Even while he was in jail in Florida, Epstein brazenly continued to sexually abuse young girls and women from his work-release office.”

“At all relevant times, Epstein maintained numerous apartment units at 301 East 66th Street in New York City, where Epstein’s co-conspirators often stayed and which operated as stash houses where numerous victims were kept over the years.”

“JP Morgan knew of the 301 East 66th Street Epstein properties and knew that these units operated as victim stash houses.”

“In 2006, Jeffrey Epstein was arrested in Florida after state and federal law enforcement discovered that he had sexually abused more than 30 children in his Palm Beach, Florida mansion…As a consequence of the Florida investigation, Epstein pled guilty to two felonies, was permanently labeled a ‘Registered Sex Offender,’ and was jailed in 2008. Epstein also entered into a non-prosecution agreement with the U.S. Attorney’s Office for the Southern District of Florida barring his prosecution (and prosecution of his known and unknown co-conspirators) for violations of the TVPA [Trafficking Victim Protection Act] and other sex offenses in Florida. When the U.S. Attorney’s Office entered into that non-prosecution agreement with Epstein, it had not received reports from JP Morgan about vast sums of cash that it was providing Epstein. Nor did JP Morgan provide any other assistance in the investigation.”

“JP Morgan chose not to cooperate with law enforcement and other investigations into Epstein’s sex trafficking, because it knew it would be exposed as assisting in Epstein’s scheme.”

“As Epstein’s criminal sex trafficking venture expanded, he needed more protection and support from JP Morgan. Through [Jes] Staley and others, Epstein became more deeply involved with JP Morgan, providing JP Morgan with more financial benefits. And, as a quid pro quo, JP Morgan allowed Epstein to transfer massive amounts of hush money to his victims and recruiters. JP Morgan allowed Epstein to withdraw hundreds of thousands of dollars in cash so that all the payments were not traceable (the most obvious red flag for any criminal enterprise).”

“…JP Morgan failed to file with the federal government the required SARs that financial institutions must file with the Financial Crimes Enforcement Network (‘FinCEN’) whenever there is a suspected case of money laundering or fraud. Timely filing of these reports is required by the Bank Secrecy Act and related laws and regulations. These reports are tools that the federal government uses to detect and prosecute, among other illegal activities, sex trafficking in violation of the TVPA. While JP Morgan was providing Epstein vast sums of cash each year, it was required to timely file SARs about Epstein’s suspicious and unusual cash transactions. JP Morgan’s failure to timely file SARs about Epstein’s sex-trafficking venture, in spite of numerous red flags, was wrongful and purposeful.”

This is what passes for “justice” in the United States of America, circa 2024.

👍️0
tw0122 tw0122 2 weeks ago
On behalf of the raped, assaulted, and sex trafficked underage victims of Jeffrey Epstein. JPMorgan was also paying WilmerHale lawyers throughout 2023 to defend it against Epstein-related charges brought by the Attorney General of the U.S. Virgin Islands. In both cases, the plaintiffs credibly alleged that the bank was actively-engaged in facilitating Epstein’s criminal sex-trafficking enterprise by providing the financial services and hard cash necessary to keep it going while willfully violating its duty to report the cash transactions to the Financial Crimes Enforcement Network (FinCEN).

Throughout 2023, JPMorgan Chase was paying the expensive lawyers at WilmerHale to defend it against a federal lawsuit brought by the David Boies law firm, Boies, Schiller & Flexner LLP
👍️0
Monksdream Monksdream 3 weeks ago
JPM new 52 week high
👍️0
Monksdream Monksdream 3 weeks ago
JPM new 52 week high
👍️0
boo boo boo boo 3 weeks ago
Good reason for J.D. to liquidate. He'll need the $$ to go hide somewhere. Never to be seen in public again.
POS. Not Point Of Sale.
👍️0
Saving Grace Saving Grace 4 weeks ago
JPMorgan CEO Dimon sells about $150 million of his shares, SEC filing says

https://www.msn.com/en-us/money/companies/jpmorgan-ceo-dimon-sells-about-150-million-of-his-shares-sec-filing-says/ar-BB1iJF9n
🇮🇩 1 🇮🇴 1 🇹🇹 1 💩 1 🤡 1
Saving Grace Saving Grace 4 weeks ago
Yup, the pump before the dump. All fabricated.
🇮🇩 1 🇮🇴 1 🇹🇹 1 💩 1 🤡 1
Monksdream Monksdream 4 weeks ago
JPM new 52 week high
As a personal aside, I think you’re wrong
👍️0
tw0122 tw0122 1 month ago
Jamie Dimon Is Desperate to Pin the Jeffrey Epstein Scandal on Jes Staley; Bloomberg News Is Carrying His Water — Again
By Pam Martens and Russ Martens: February 16, 2024 ~

Jeffrey Epstein (left); Jamie Dimon (right).
Jeffrey Epstein (left); Jamie Dimon (right).
After hurling salacious allegations for months against Jes Staley in a federal lawsuit JPMorgan Chase had brought against its former executive, the bank decided last September to quietly settle the case without disclosing the terms.

The bank sued Staley after it had been sued by victims of sex trafficker Jeffrey Epstein and after it had been sued in a separate lawsuit by the Attorney General of the U.S. Virgin Islands, where Epstein owned a private island compound that was a frequent venue of Epstein’s sex trafficking of minors. Lawyers for the U.S. Virgin Islands charged that JPMorgan Chase had “actively participated in Epstein’s sex-trafficking venture from 2006 until 2019.” (Both cases were settled last year by the bank, with it paying a whopping $290 million to the victims and $75 million to the U.S. Virgin Islands.)

The bank’s lawsuit against Staley appeared to be a damage control effort to redirect the media’s attention to Staley and away from the man he reported to – Jamie Dimon, the Chairman and CEO of JPMorgan Chase who has survived a breathtaking array of criminal charges against the bank while he has sat at its helm. (See JPMorgan’s Board Made Jamie Dimon a Billionaire as the Bank Rigged Markets, Laundered Money, and Admitted to Five Felony Counts.)

While evidence submitted to the court showed Staley was deeply involved with Epstein, the evidence is also overwhelming that more than a dozen other bank personnel, including top executives, facilitated Epstein’s ability to keep his sex trafficking of minors’ scheme alive.

A Memorandum of Law filed by the U.S. Virgin Islands made the following points:

“Even if participation requires active engagement…there is no genuine dispute that JPMorgan actively participated in Epstein’s sex-trafficking venture from 2006 until 2019. The Court found allegations that the Bank allowed Epstein to use its accounts to send dozens of payments to then-known co-conspirators [redacted] provided excessive and unusual amounts of cash to Epstein; and structured cash withdrawals so that those withdrawals would not appear suspicious ‘went well beyond merely providing their usual [banking] services to Jeffrey Epstein and his affiliated entities’ and were sufficient to allege active engagement.”

The U.S. Virgin Islands alerted the court to the unfathomable sums of hard cash that Epstein was able to take from the accounts he maintained at JPMorgan Chase without the bank filing the legally mandated Suspicious Activity Reports (SARs) to the Financial Crimes Enforcement Network (FinCEN). The U.S. Virgin Islands tallied up the hard cash dispersals as follows:

“Between September 2003 and November 2013, or approximately ten years, JPMorgan handled more than $5 million in outgoing cash transactions for Epstein — ignoring its own policy discouraging large cash withdrawals….”

The U.S. Virgin Islands’ attorneys cite to internal emails at JPMorgan Chase showing that employees at the bank were aware of Epstein’s “[c]ash withdrawals … made in amounts for $40,000 to $80,000 several times a month” while also being aware that Epstein paid his underage sexual assault victims in cash.

On August 25 of last year, JPMorgan Chase filed a document with the court as part of a discovery demand showing that, in addition to Staley, 14 of its executives, private bankers and other staff had made visits to Epstein’s private residences. One of those employees, Justin Nelson, visited Epstein’s residences more times than Staley. Nelson was at Epstein’s Manhattan mansion – a key location of the sex trafficking operation – 12 times and one time at Epstein’s Zorro Ranch in New Mexico – an additional location of the sex trafficking ring. That’s a total of 13 visits to the residence of a sex trafficker. Staley’s visits to Epstein’s residences tally up to 11, according to JPMorgan’s chart. (See pages 3, 4 and 5 at this link.) Eight of Nelson’s visits to Epstein’s residences occurred after 2013, the year that the bank claims it fired Epstein as a client. Disbursements from Epstein accounts were occurring long after 2013 according to court documents, raising questions about just when, or if, Epstein was terminated as a client from the Private Bank or the bank’s brokerage unit, J.P. Morgan Securities. Nelson was dually employed at both units.

Notwithstanding this hard evidence of JPMorgan Chase’s culpability in the Epstein saga, on February 7 of this year – months after the bank had quietly settled its case against Staley and the matter had disappeared from news headlines – Bloomberg News inexplicably decided to put Staley and Epstein back in its headlines. (Paywall.) In an article written by Harry Wilson, Ava Benny-Morrison, and Jason Leopold, one sentence jumps out. It reads: “The bank, which through Staley served Epstein as a client….”

The bank’s own chart, linked above in the ninth paragraph, shows that the following 14 individuals, in addition to Staley, were making visits to Epstein’s private residences while employed at the bank:

Paul Barrett (Managing Director, Private Bank); Mary Casey (Managing Director, Private Bank); John Duffy (CEO, Private Bank); Mary Erdoes (CEO, Asset & Wealth Management); David Frame (Global Chief Executive, Private Bank); Christopher French (Managing Director, Private Bank); Joanna Jagoda (Assistant General Counsel, Legal); Jeffrey Matusow (Managing Director, Private Bank); Thomas McGraw (Managing Director, Private Bank); Paul Morris (Banker, Private Bank); Justin Nelson (Managing Director, Private Bank); Carolyn Reers, Managing Director, Private Bank); James von Moltke (job title not provided by the bank).

If Dimon is fearful of Staley providing evidence against the bank in the Epstein matter to the criminal division of the U.S. Department of Justice, it would have an incentive to continue to undermine Staley’s credibility in the press.

What was JPMorgan Chase’s incentive to keep such a clearly dangerous man as Epstein as a client? The U.S. Virgin Islands makes a very credible case that the bank was getting lots of profits – both from trading in Epstein’s own accounts as well as his referrals of rich clients to the bank. It tells the court in one filing:

“In 2003, Epstein was, by double, the top revenue generator in the Private Bank, and the source of Google co-founder Sergey Brin (‘one of the largest [relationships] in the Private Bank, of +$4BN’), Glenn Dubin (billionaire founder of Highbridge), and many other ultra-wealthy clients and connections, which would come to include Bill Gates, Leon Black, Larry Summers, the Sultan of Dubai, Prince Andrew, Ehud Barak, Thomas Pritzker, Lord Peter Mandelson, and Prime Minister Netanyahu.”

And what would be the incentive for Bloomberg News to carry water for Jamie Dimon?

Michael Bloomberg, the former Mayor of New York, is the majority owner of the publishing and data terminal empire that has, for years, published flattering articles about Jamie Dimon. In 2016, Michael Bloomberg even co-authored an opinion piece with Dimon. The same year, the New York Post reported that JPMorgan Chase was the second largest customer of Bloomberg’s data terminal business with 10,000 leases of Bloomberg’s terminals. At the time, the terminals cost around $21,000 each per lease, per year, or approximately $210 million being forked over by JPMorgan Chase to Michael Bloomberg’s company annually. Bloomberg’s data terminals are the cash cow of the company.

During JPMorgan Chase’s London Whale scandal in 2012 and 2013, where the bank gambled with bank depositors’ money in its federally-insured bank by making exotic derivative trades in London and losing at least $6.2 billion, Michael Bloomberg was Mayor of New York City. Instead of condemning this outrageous risk-taking with federally-insured deposits, Mike Bloomberg was quoted in the Wall Street Journal calling Dimon “a very smart, honest, great executive,” adding “The controls failed. He’ll look at that and fix it.” That statement appeared in May of 2012. The five felony counts brought by the Justice Department and admitted to by the bank, followed from 2014 to 2020.

👍️ 1
Saving Grace Saving Grace 1 month ago
Here's a good read. Return of Gold Standard.

JP has to be Basil 3 compliant or else. All Central Banks are in trouble.

Their digital reset of Fiat currency has failed. Gold and Silver to go through the roof.

https://schiffgold.com/guest-commentaries/jp-morgan-money-is-gold-and-nothing-else/

BRICS Driving Emerging New Global Architecture

https://moderndiplomacy.eu/2024/02/05/brics-driving-emerging-new-global-architecture/
👍️0
cottonmather cottonmather 1 month ago
I agree 1000%. Rumors are many branches ran out of cash yesterday. That $30 billion a night must not be enough. Time is short.
👍️0
Saving Grace Saving Grace 2 months ago
Jamie Dimon is planted and manipulation has caught them all.

Jamie has turned on the masterpiece, backed by nothing, Shit Coin.

London Bridge has fallen down.
🇮🇩 1 🇮🇴 1 🇹🇹 1 💩 1 🤡 1
MONICALAW MONICALAW 2 months ago
Stop spreading rumors. You are dangerous
👍️0
Saving Grace Saving Grace 2 months ago
What Govt? Crash is imminent. No Bailouts. Run!
👍️0
MONICALAW MONICALAW 2 months ago
If JPM is not then that tick tock Guy gets jail time for the lies. I highly doubt that JPM will file BK the government will bail her out right away. Jmho
👍️0
Saving Grace Saving Grace 2 months ago
JP MORGAN FILES FOR BANKRUPTCY ON JANUARY 23, 2024! METALS AND XRP TO THE MOON!



https://trusttheq.com/jp-morgan-files-for-bankruptcy-on-january-23-2024-metals-and-xrp-to-the-moon/

JP MORGAN, #XRP.... pic.twitter.com/WILhaOXSxp— Jack Straw (@JackStr42679640) January 9, 2024
👎🏻 1 💩 1 😒 1 😭 1 🤡 1
MONICALAW MONICALAW 2 months ago
Not BK but 8K and 10q files quarterly
Jpm getting stronger by the minute
👍️0
IPO$ IPO$ 2 months ago
Bankruptcy?
👍️0
Saving Grace Saving Grace 2 months ago
My sources say Jan 23rd, BK will be filed.
👍️0
IPO$ IPO$ 2 months ago
They’re also spinning off or selling segments outside the major five
👍️0
Saving Grace Saving Grace 2 months ago
160 Branches is just a start and laying off the first 600.
👍️0
IPO$ IPO$ 2 months ago
There are 4800 branches in the US.
👍️0
tw0122 tw0122 2 months ago
They have been sealed and locked up tight in Judge Jed Rakoff’s courtroom after he oversaw multiple Epstein-related lawsuits brought against JPMorgan Chase in late 2022 and 2023.

One case, Jane Doe v JPMorgan Chase, was a class action on behalf of Epstein’s sex assault and sex trafficked victims. Judge Rakoff approved its settlement for $290 million despite objections from 17 Attorneys General and the settlement’s unconscionable terms that included releasing claims for “harm, injury, abuse, exploitation, or trafficking by Jeffrey Epstein or by any person who is in any way connected to or otherwise associated with Jeffrey Epstein, as well as any right to recovery on account thereof.” Claimants were also required to sign the release form before they learned if they would get a dime from the settlement.

Attorneys for the victims were not left in any such doubt. The settlement terms provided them with $87 million in legal fees and $2.5 million in expenses.

Releasing claims against “Any person who is in any way connected to or otherwise associated with Jeffrey Epstein” conveniently includes a number of billionaires referred by Epstein to JPMorgan Chase as clients. There are also literally hundreds of high-profile individuals that were listed in Epstein’s little black book that could be considered “connected” to him.

Many of the individuals listed in Epstein’s little black book – a total of 1,571 – have had important banking relationships with JPMorgan Chase. In a court filing on July 26 of last year by the Attorney General of the U.S. Virgin Islands, which has since settled its Epstein-related case against JPMorgan Chase for $75 million, it listed the following individuals as people Epstein referred as clients to the bank: Microsoft co-founder and billionaire Bill Gates; Google co-founder and billionaire Sergey Brin; the Sultan of Dubai, Sultan Ahmed bin Sulayem; media and real estate billionaire Mort Zuckerman; and numerous others.

Epstein’s victims charged in their lawsuit that JPMorgan Chase had, for more than a decade, provided Epstein with cozy banking services, which included sluicing to him millions of dollars in hard cash from his accounts, sometimes as much as $40,000 to $80,000 a month. The bank failed to file the Suspicious Activity Reports (SARs) that it is legally required to file with the Financial Crimes Enforcement Network (FinCEN) for those payments in cash. Epstein’s alleged quid pro quo with the bank included him referring valuable business deals and clients to JPMorgan Chase. These allegations were substantiated by 22 pages of internal bank emails released in the related case brought against the bank by the U.S. Virgin Islands.

A third Epstein-related case was brought against JPMorgan Chase in Rakoff’s court by two public pension funds that owned shares of JPMorgan Chase. That lawsuit named Dimon as a defendant as well as current and former members of JPMorgan Chase’s Board of Directors. It was brought by a prominent class action law firm on behalf of shareholders of the bank. The lawsuit’s theory of the case was that specific members of the Board of JPMorgan Chase “put their heads in the sand” and ignored that the bank had become a cash conduit for Jeffrey Epstein’s child sex trafficking ring because they were hoping that their own verifiable business ties to Epstein “would go unnoticed.” (We might add an attendant thesis: that Dimon takes very good care of his Board in return for them taking very good care of him.)

Mainstream media ignored the allegations that members of the JPMorgan Chase Board of Directors had business ties with Epstein and Judge Rakoff wasted no time in dismissing the case on technical grounds. (This was not the first time that a major scandal involving JPMorgan Chase received a news blackout by mainstream media.)

The other Big Story is why after 18 years of police and FBI investigations of Epstein and his wide sex trafficking ring, the U.S. Department of Justice has brought criminal charges against only two people: Jeffrey Epstein and Ghislaine Maxwell.

There is also no indication, at present, that the Justice Department is preparing to bring a criminal case against JPMorgan Chase, despite its recidivist history of felony charges (including two felony counts for money laundering) and a former FBI agent’s statement on how the bank “impeded” a criminal investigation of Epstein. (See: New Court Documents Suggest the Justice Department Under Four Presidents Covered Up Jeffrey Epstein’s Money Laundering at JPMorgan Chase.)

FacebookTwitterWhatsAppLinkedInEmail
👍️ 2
Saving Grace Saving Grace 2 months ago
JPMorgan Chase to shut down nearly 160 Bank Branches Across the U.S.

Gold will destroy the banking system

👍️0
Saving Grace Saving Grace 2 months ago
JPM filing for BK, Black Swan event.
👍️0
Monksdream Monksdream 2 months ago
JPM new 52 week high
👍️0
Monksdream Monksdream 3 months ago
JPM new new 52 week high
👍️0
Monksdream Monksdream 3 months ago
JPM new 52 week high
👍️0
W3Research W3Research 3 months ago
$JPM is Pure Evil part 3 ...

$XRPUSD and Shiba Inu Coin This person is a true Threat To Democracy!

JP Morgan CEO Jamie Dimon Says Feds Should 'Close Down' Bitcoin.

JP Morgan CEO has again slammed crypto and Bitcoin, saying he'd "close it down" if he were in charge of making laws.

By Mat Di Salvo

Dec 6, 2023

JP Morgan Chase CEO Jamie Dimon has again slammed crypto—today saying that he’d “close it down” if he were the U.S. government.

“The true use case for it [crypto] is criminals, drug traffickers, money laundering, tax avoidance,” Dimon told lawmakers during a Senate Banking Committee hearing Wednesday.

“If I was the government, I’d close it down,” he added. “I’ve always been opposed to crypto, Bitcoin, etcetera.”

Dimon’s comments came after Elizabeth Warren (D-Mass.) asked the billionaire bank boss why “terrorists, drug traffickers and rogue nations” like crypto.

He went on to add that you can move money “almost instantaneously” with digital assets and that it was “somewhat anonymous.”

Dimon’s latest comments are not the first time he’s criticized Bitcoin and other cryptocurrencies: he famously called Bitcoin a “fraud” back in 2017, and criticized his own daughter because she bought a bit of the biggest cryptocurrency by market cap.

The chief of the world’s biggest bank also once questioned whether Bitcoin would really have its supply capped at 21 million coins, saying: “Maybe it’s gonna get to 21 million and Satoshi’s picture is gonna come up and laugh at you all.”

Despite criticizing Bitcoin and decentralized cryptocurrencies, Dimon has praised its underlying technology and his bank has used blockchain for projects such as its JPM Coin, a digital coin that runs on a permissioned blockchain (a distributed ledger that is not publicly accessible like Ethereum or Bitcoin.)

The crypto industry’s X (formerly Twitter) users were quick to point this out—especially highlighting the amount of times JP Morgan and other banks have been fined by regulators for breaking rules.

Crypto advocates often push back at the notion that Bitcoin or other digital assets are disproportionately used by criminals, highlighting the fact that Bitcoin, in particular, operates on a transparent ledger and transactions can very easily be tracked.

Some government officials in the past, notably former CIA Director Michael Morell, have suggested that Bitcoin is actually a “boon” for law enforcement, considering how transparent it really is.

End Of Line.

👍️0
W3Research W3Research 3 months ago

$JPM is Pure Evil part 2 ...

XRPUSD and Shiba Inu Coin More News on Jamie "Demon" Dimon. Cheers!

Hundreds of billions of dollars worth of fines have been paid by the four biggest banks in the US as JPMorgan’s chief executive sounds off against digital assets, saying they are for criminals.

According to corporate misconduct data aggregator Violation Tracker, the big four banks of the US – Bank of America, Wells Fargo, Citigroup, and JPMorgan – have paid a staggering $181 billion worth of fines since the year 2000.

The data unveils that Bank of America has paid total of 324 fines worth $87.2 billion since the start of the millennium while Wells Fargo has been fined 261 times for a total of $27.5 billion.

Violation Tracker also reveals that Citigroup was found to be in violation 181 times, paying $26.9 billion worth of fines while JPMorgan has been hit with a total of 272 fines worth $39.3 billion.

The Violation Tracker covers a range of civil and criminal banking offenses including foreign bribery, money laundering, corporate tax evasion, securities violations, accounting fraud, price-fixing, employment discrimination and more.

The new numbers come as JPMorgan CEO Jamie Dimon tells Congress during a recent meeting that crypto assets are tools for bad actors that he would shut down if he could.

As stated by Dimon, per CNBC,

“I’ve always been deeply opposed to crypto. Bitcoin, etc. You pointed out the only true use case for it is criminals – drug traffickers, money laundering, tax avoidance, and that is a use case because it is somewhat anonymous, not fully, and because you can move money instantaneously.

And because it doesn’t go all these systems [that] have built up over many years – know your customer (KYC), sanctions, OFAC (Office of Foreign Asset Control) – they can bypass all of that. If I was the government, I’d close it down.”

Dimon did not provide evidence for his claims that crypto assets are widely used for criminal activity.

Last year, the crypto research firm Chainalysis determined that while 5% of the global gross domestic product is laundered every year in fiat currency, just 0.05% of all crypto transactions involve money laundering.

End Of Line.
👍️0
W3Research W3Research 3 months ago
$JPM is Pure Evil part 1 ...

XRPUSD and Shiba Inu Coin More Great Support from Congress! Cheers!

Don't let the SEC, Jamie "Demon" Dimon, Elizabeth "Pocahontas" Warren steal your wealth, enslave you and force you to accept the Biblical Mark Of The Beast with their evil, vile and wicked USA CBDC!

A U.S. lawmaker has slammed the Securities and Exchange Commission (SEC) for having a deliberate policy preference to provide less clarity to the crypto market. “The SEC is not adhering to the law. That’s why it keeps losing in court,” said Congressman Tom Emmer as he questioned SEC Chair Gary Gensler’s personal agenda.

‘SEC Has a Deliberate Policy Preference to Provide Less Clarity to the Marketplace’

House Majority Whip Tom Emmer (R-MN) slammed the U.S. Securities and Exchange Commission (SEC)’s approach to the regulation of the crypto industry on Tuesday at a hearing of the House Subcommittee on Digital Assets, Financial Technology and Inclusion titled “Fostering Financial Innovation: How Agencies Can Leverage Technology to Shape the Future of Financial Services.”

The lawmaker posted on social media platform X after the hearing:

If it wasn’t obvious before, it’s certainly obvious now: The SEC has a deliberate policy preference to provide LESS clarity to the marketplace instead of more clarity. Complete disservice to our great capital markets.

Among the witnesses who testified in the congressional hearing was Valerie A. Szczepanik, director of the SEC’s Strategic Hub for Innovation and Financial Technology (Finhub).

Referencing a speech titled “Digital Asset Transactions: When Howey Met Gary” given by William Hinman in June 2018 when he was the director of the Division of Corporation Finance at the SEC, Emmer explained that in this speech, Hinman discussed “how tokens can morph from securities to non-securities and he stated that ether is not a security.”

Citing Szczepanik’s review of Hinman’s draft speech, the congressman quoted her as saying at the time that providing “less detail in a speech is better because the concept of a token morphing from a security to a non-security was a new concept and would generate a lot of discussions.” Emmer emphasized:

You thought the SEC should give less clarity to the market rather than more … When the industry complains about a lack of clarity, I see this as a deliberate policy reference. Does the current SEC chair share that view?

Szczepanik declined to comment on the current chair’s view.

Congressman Emmer proceeded to ask Szczepanik whether Finhub has “issued any guidance since Chair Gensler took office to clarify how security laws apply to crypto.” After the Finhub director failed to provide an answer, Emmer said: “I take the answer is no, because it is no. It seems to be rulemaking through enforcement actions.”

Concerning Hinman’s speech stating that ether is not security, Emmer asked Szczepanik: “Is that your view today?” However, she declined to answer, stating that she couldn’t comment on a particular asset. The congressman concluded:

The SEC is not adhering to the law. That’s why it keeps losing in court. Does the chairman of the SEC tell you to adopt positions to further a specific goal, his own personal goal rather than allegiance to the law?

End Of Line.
👍️0
BottomBounce BottomBounce 3 months ago
Jamie Dimon lashes out against crypto: ‘If I was the government, I’d close it down’
https://www.cnbc.com/2023/12/06/jamie-dimon-lashes-out-on-crypto-if-i-was-the-government-id-close-it-down.html $JPM
👍️0
BottomBounce BottomBounce 3 months ago
JPMorgan Chase & Co. NYSE $JPM Total Debt (mrq) $752.57B
👍️0
BottomBounce BottomBounce 3 months ago
Goldman Sachs raises 12-month gold price target to $2,050 $JPM
👍️0
BottomBounce BottomBounce 4 months ago
Gold prices to see a sustained push above $2,100 in 2024 - TD Securities $JPM
👍️0
Lowjack Lowjack 4 months ago
And if the US Government is found to be a criminal organization, then what Jamie?!
https://www.cnbc.com/2023/11/29/jamie-dimon-says-jpmorgan-chase-would-exit-china-if-ordered-to.html
👍️0
Saving Grace Saving Grace 4 months ago
The pop before the drop. Jamie's family dumping 140 million shares soon.
👍️0
$Green$ $Green$ 4 months ago
Eyeing $150 here
👍️0
$Green$ $Green$ 4 months ago
Is the bottom in for deflation? Is it time to short banks?
👍️0
Saving Grace Saving Grace 5 months ago
Huge gap to fill at $105
👍️0
Greedy G Greedy G 5 months ago
~yeah I saw that offering from him
👍️0
boo boo boo boo 5 months ago
Jamie is scum. Hope you covered!

CEO Dumpage

What's he know about the future that you don't? Good time to announce retirement. Can't be the fall guy!

IMHO
👍️0
Greedy G Greedy G 5 months ago
~bought 10/27 $160 calls @.32c
👍️0
Greedy G Greedy G 5 months ago
~sold .14c :(
👍️0
BottomBounce BottomBounce 5 months ago
stronger safe-haven flows into gold and silver $JPM
👍️0
Greedy G Greedy G 5 months ago
~bought the 10/20 $160 calls @.20c
👍️0
Lowjack Lowjack 5 months ago
You can't expect continued support if you do the same thing the Germans did! This ass kicking has been long overdue!
👍️0
BottomBounce BottomBounce 6 months ago
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172942306 $JPM
👍️0

Your Recent History

Delayed Upgrade Clock

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

Support: 1-888-992-3836 | help@advfn.com