JPMorgan Chase Stock News

Custodian snaps up capital markets expert with 25 years of experience in client management, strategy and product solutions at the likes of SWIFT and Standard Chartered. The post Former SWIFT capital markets lead joins JP Morgan in APAC securities services role appeared first on Global Custodian The Leading quarterly magazine covering the international securities services industry .

JPMorgan Chase & Co. purchased a new position in Pacer Trendpilot US Large Cap ETF (BATS:PTLC) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 3,926 shares of the companys stock, valued at approximately $148,000. Several other institutional investors have also modified their holdings of []

JPMorgan Chase & Co. increased its holdings in shares of Neuronetics, Inc. (NASDAQ:STIM) by 59,931.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,605 shares of the companys stock after purchasing an additional 9,589 shares during the quarter. JPMorgan Chase & Co.s holdings []

JPMorgan Chase & Co. raised its stake in shares of Coda Octopus Group, Inc. (NASDAQ:CODA) by 313.5% during the second quarter, Holdings Channel reports. The firm owned 17,549 shares of the companys stock after buying an additional 13,305 shares during the period. JPMorgan Chase & Co.s holdings in Coda Octopus Group were worth $153,000 at []

JPMorgan Chase & Co. cut its holdings in Everspin Technologies, Inc. (NASDAQ:MRAM) by 26.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 24,559 shares of the business services providers stock after selling 9,041 shares during the period. JPMorgan Chase & Co.s holdings in Everspin Technologies []

JPMorgan Chase & Co. acquired a new stake in Prometheus Biosciences, Inc. (NASDAQ:RXDX) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 6,822 shares of the biopharmaceutical companys stock, valued at approximately $168,000. Several other institutional investors also recently bought and sold shares of []

J.P. Morgan chief executive Jamie Dimon made his first visit to Hong Kong since the coronavirus pandemic first began with an exemption from the citys quarantine measures. J.P. Morgans Jamie Dimon arrived in Hong Kong on Monday for a 32-hour visit which he said was aimed at thanking his 4,000 employees in the city for their hard work and dedication during the pandemic. Over the last five years, the American banks revenue in Asia has increased more than 50 percent with Greater China accounting for 90 percent of growth. Covid Exemption Although the Hong Kong government had recently tightened rules to suspend quarantine exemptions for most groups, including foreign diplomatic personnel, top business executives and senior bankers, an exception was made for Dimon due to economic interests. «The government was satisfied that the exemption is justified to facilitate the short visit by a small party (Dimon and his chief of staff), the purpose of which is considered to be in the interest of Hong Kongs economic development,» said a spokesperson for the Financial Services and the Treasury Bureau. «Robust infection control requirements and protocols are attached to the exemption.

JPMorgan Chase & Co on Monday sued Tesla Inc for The post JPMorgan sues Tesla for $162 million over warrants appeared first on PageOne .

JPMorgan Sues Tesla For $162 Million, Accusing Elon Musk Of "Flagrantly" Defaulting On Warrant Payments Late on Monday, JPMorgan sued Tesla for $162.2 million, accusing Elon Musk''s electric car company of "flagrantly" breaching a contract related to stock warrants after its share price soared. According to the complaint filed in Manhattan federal court and first reported by Reuters, Tesla in 2014 sold warrants to JPMorgan that would pay off if their "strike price" were below Tesla''s share price upon the warrants'' expiration in June and July 2021. JPMorgan, which said it had authority to adjust the strike price, said it substantially reduced the strike price after Musk''s Aug. 7, 2018 tweet that he might take Tesla private at $420 per share and had "funding secured," and reversed some of the reduction when Musk abandoned the idea 17 days later. In either case, Tesla''s share price rose approximately 10-fold by the time the warrants expired, and JPMorgan said this required Tesla under its contract to deliver shares of its stock or cash.

JPMorgan has sued Tesla, and claims its owed $162 million after Tesla refused to fully settle a 2014 stock warrant agreement. The dispute centers on changes made to the agreement following Tesla CEO Elon Musks infamous 2018 "funding secured" tweet.

Tesla was supposed to deliver shares or cash if its share price went above a contractually set "strike price" by a certain expiration date, the complaint says.

JPMorgan Chase filed a lawsuit against Tesla Monday, accusing the electric car firm of "breach of contract action" over stock warrants following CEO Elon Musk''s 2018 tweet that he might take his firm private. Why it matters: JPMorgan alleges the bank and Tesla "entered a series of warrant transactions, which required Tesla to deliver either shares of its stocks or cash to JPMorgan" if the car company''s share price was above the contractual "strike price" when the warrants expired. The warrants "substantially decreased" in value after Musk tweeted that Tesla had "funding secured" to take Tesla private at $420. They expired in June and July of this year "with Tesla''s share price above that strike price," JPMorgan alleges. What else they''re saying: "JPMorgan demanded the due shares or cash, but Tesla has flagrantly ignored its clear contractual obligation to pay JPMorgan in full," the bank said in the suit, filed in the U.S. District Court in Manhattan. "JPMorgan brings this action to enforce its right to payment." JP Morgan said in the suit that it''s seeking to recover "over $162 million immediately due and payable." Representatives for Tesla did not immediately respond to Axios'' request for comment.

JPMorgan Chase & Co. has filed a lawsuit against Tesla, for the amount of $162.2 million, reports Reuters. The issue at stake? According to JPMorgans Read more The post JPMorgan Chase Sues Tesla for $162 Million Over Elon Musk Tweet appeared first on TeslaNorth.com .

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JPMorgan Chase & Co on Monday sued Tesla Inc for $162.2 million, accusing Elon Musk''s electric car company of breaching a contract related to stock warrants following Musk''s 2018 tweet that he might take Tesla private.