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EX-99.1 - 2014 CCAR RESULTS PRESS RELEASE - JPMORGAN CHASE & COjpmc2014ccarexhibit991part2.htm



 
 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (date of earliest event reported): March 26, 2014

JPMorgan Chase & Co.
(Exact name of registrant as specified in its charter)
Delaware
1-5805
13-2624428
(State or other jurisdiction of
incorporation or organization)
(Commission File Number)
(I.R.S. employer
identification no.)
 
 
 
270 Park Avenue, New York, New York
 
10017
(Address of principal executive offices)
 
(Zip Code)

Registrant’s telephone number, including area code: (212) 270-6000



Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o
 
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
 
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
 
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
 
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 









Item 8.01 Other Events.

On March 26, 2014, JPMorgan Chase & Co. (“JPMorgan Chase” or the “Firm”) announced, following the Federal Reserve Board’s release of 2014 CCAR results, that: (i) its Board of Directors intends to increase the Firm's quarterly common stock dividend to $0.40 per share effective the second quarter of 2014; and (ii) the Firm is authorized to repurchase $6.5 billion of common equity between April 1, 2014, and March 31, 2015. The Federal Reserve Board informed the Firm that it does not object to the Firm's proposed 2014 capital distribution plan. 

A copy of the press release announcing the Firm’s capital actions is attached as Exhibit 99.1. The information set forth in Exhibit 99.1 shall be deemed to be “filed” for purposes of the Securities Exchange Act of 1934, as amended.

This Current Report on Form 8-K (including the Exhibit hereto) contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the current beliefs and expectations of JPMorgan Chases management and are subject to significant risks and uncertainties. Actual results may differ from those set forth in the forward-looking statements. Factors that could cause JPMorgan Chases actual results to differ materially from those described in the forward-looking statements can be found in JPMorgan Chases Annual Report on Form 10-K for the year ended December 31, 2013, which has been filed with the Securities and Exchange Commission and is available on JPMorgan Chases website (www.jpmorganchase.com) and on the Securities and Exchange Commissions website (www.sec.gov). JPMorgan Chase does not undertake to update the forward-looking statements to reflect the impact of circumstances or events that may arise after the date of the forward-looking statements.




Item 9.01 Financial Statements and Exhibits.

(d)    Exhibits
 
 
 
Exhibit No.
 
Description of Exhibit
 
 
 
99.1
 
JPMorgan Chase & Co. press release, dated March 26, 2014


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SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
JPMorgan Chase & Co.
(Registrant)


By:
/s/ Neila B. Radin
 
Neila B. Radin
 
Senior Vice President
 
 


Dated:
March 26, 2014




























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INDEX TO EXHIBITS
 
 
 
Exhibit No.
 
Description of Exhibit
 
 
 
99.1
 
JPMorgan Chase & Co. press release, dated March 26, 2014


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