JPMorgan Chase on Supporting Customers and Clients
March 15 2020 - 7:11PM
Business Wire
JPMorgan Chase today issued the following statement:
JPMorgan Chase has always believed that the first and foremost
use of its capital is to support customers, clients and communities
around the world. Throughout history, the company has been there
for them in good times and bad — providing loans, capital and
liquidity when they needed it most.
For corporate and institutional clients, as well as for
governments globally, we have the strength and capital to support
them with critical capital, liquidity and markets advice and
execution.
For consumers, small businesses, homeowners, local governments
and others, we recognize the strain and stress they can face during
the current epidemic, and we are prepared to extend credit and
assistance to our customers who need help.
Even if circumstances get dramatically worse, we have the
capabilities and balance sheet to support the financial system and
all of our constituencies. We stand ready to support our government
in any way we can.
As the Financial Services Forum announced earlier today,
JPMorgan Chase is joining other major U.S. financial services in
suspending stock repurchases at this time. There is no change to
the firm’s dividend policy.
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version on businesswire.com: https://www.businesswire.com/news/home/20200315005053/en/
Contact Joseph Evangelisti; 212-270-7438;
joseph.evangelisti@jpmchase.com
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