No direct read-through for JPM-PM holders. The redemption is a routine capital optimization by a top-tier bank with $4.9 trillion in assets. Monitor for any future redemption announcements on other preferred series, but no immediate action warranted.
Price Chart
Executive Summary
JPMorgan Chase announced the redemption of all 2,000,000 depositary shares (representing 200,000 shares of Series KK Preferred Stock) on June 1, 2026, at $1,000 per depositary share ($10,000 per preferred share), totaling $2.0 billion. This is a routine capital management action by a highly creditworthy issuer, with no material impact on the preferred securities tracked here (JPM-PM).
Key Facts
- JPMorgan Chase will redeem all 2,000,000 outstanding depositary shares of Series KK Preferred Stock on June 1, 2026.
- Redemption price is $1,000 per depositary share ($10,000 per preferred share), totaling $2.0 billion.
- The redemption is optional under the governing documents and does not affect the Series MM preferred (JPM-PM) tracked here.
- The final dividend payment date for Series KK is June 1, 2026, with record date May 4, 2026.
Financial Impact
JPMorgan Chase is redeeming $2.0 billion of Series KK preferred stock, but this does not impact the Series MM preferred (JPM-PM) tracked here.
Risk Factors
- None material for JPM-PM; the redemption is isolated to Series KK.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-242018 |
| Document: d51433dex991.htm | 0001193125-26-242018 |
| Document: 0001193125-26-242018-index-headers.html | 0001193125-26-242018 |
| Document: 0001193125-26-242018-index.html | 0001193125-26-242018 |
| Document: 0001193125-26-242018.txt | 0001193125-26-242018 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 11, 2026 21d ago | Court Ruling | $356.23 $349.67 | ▼ −1.84% | ▼ −1.50% | $333.32 (−6.43%) |
Sep 10, 2026 22d ago | Court Ruling | $353.56 $349.31 | ▼ −1.20% | ▼ −1.83% | $333.32 (−5.72%) |
Sep 9, 2026 23d ago | Court Ruling | $354.71 $348.92 | ▼ −1.63% | ▼ −0.54% | $333.32 (−6.03%) |
Sep 3, 2026 29d ago | Court Ruling | $362.06 $356.23 | ▼ −1.61% | ▼ −0.46% | $333.32 (−7.94%) |
Sep 1, 2026 4w ago | Court Ruling | $354.95 $354.71 | ▼ −0.07% | ▼ −0.15% | $333.32 (−6.09%) |
Aug 31, 2026 4w ago | Court Ruling | $356.02 $353.51 | ▼ −0.70% | ▼ −0.56% | $333.32 (−6.38%) |
Aug 31, 2026 4w ago | Court Ruling | $356.02 $353.51 | ▼ −0.70% | ▼ −0.56% | $333.32 (−6.38%) |
Aug 27, 2026 5w ago | Court Ruling | $354.22 $362.06 | ▲ +2.21% | ▲ +1.94% | $333.32 (−5.90%) |
Aug 26, 2026 5w ago | Court Ruling | $356.50 $356.22 | ▼ −0.08% | ▲ +0.04% | $333.32 (−6.50%) |
Aug 19, 2026 6w ago | Court Ruling | $357.26 $356.54 | ▼ −0.20% | ▲ +0.18% | $333.32 (−6.70%) |
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