JPMorgan Chase
| $25B Disbursed |
| $25B Returned |
| $1.73B Revenue to Gov't |
| $1.73B Profit |
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JPMorgan Chase was among the eight large U.S. banks to receive the Treasury Department's initial round of capital investments -- money described by Treasury officials not as a bailout, but rather as funds to help bolster "healthy" banks in tough times.
Stress Tested
This company is among the 19 companies that underwent a "stress test." Regulators determined that it does not need to raise additional capital.
See the list of all 19 stress-tested companies here.
Events
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$936M Revenue
Dec. 10, 2009 Warrant Proceeds
Part of Capital Purchase ProgramMore info from www.treasury.gov -
$55.6M Revenue
Jun. 17, 2009 Dividend Paid
Part of Capital Purchase ProgramMore info from www.financialstability.gov -
$25B Payback
Jun. 9, 2009
The Treasury announces 10 banks have been approved to pay back their TARP funds. JPM announces it is among them.
Part of Capital Purchase ProgramMore info from investor.shareholder.com -
$313M Revenue
Jun. 1, 2009 Dividend Paid
Part of Capital Purchase ProgramMore info from www.financialstability.gov -
$427M Revenue
May 31, 2009 Dividends Paid Through 5/31/2009
This amount reflects the sum of dividends paid up to 5/31/2009
Part of Capital Purchase Program -
May 7, 2009 Federal releases the results of its stress tests
According to the results of the Federal Reserve's "stress tests," 10 of the 19 largest banks will have to raise a total of $74.6 billion in additional capital to withstand a dire economic scenario. Ultimately, all of the banks raise the money privately, with the exception of GMAC.
More info from www.propublica.org -
$25B Bailout
Oct. 28, 2008 Purchase - Preferred Stock w/ Warrants
Part of Capital Purchase Program -
Sep. 25, 2008 WaMu Collapses
Washington Mutual collapses and is acquired by JPMorgan Chase.
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Mar. 14, 2008 Fed Backs Sale of Bear Stearns
The Federal Reserve announces that it will provide $30 billion in financing to support JPMorgan Chase’s acquisition of Bear Stearns.
More info from www.msnbc.msn.com
| Date | Type | Amount | Program | Description |
|---|---|---|---|---|
| 12/10/2009 | Warrant | $936,063,469 | CPP | Warrant Proceeds |
| 06/17/2009 | Dividend | $55,555,556 | CPP | Dividend Paid |
| 06/09/2009 | Refund | $25,000,000,000 | CPP | |
| 06/01/2009 | Dividend | $312,500,000 | CPP | Dividend Paid |
| 05/31/2009 | Dividend | $427,083,333 | CPP | Dividends Paid Through 5/31/2009 |
| 10/28/2008 | Purchase | $25,000,000,000 | CPP | Purchase - Preferred Stock w/ Warrants |
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