JPMorgan Issues New Series PP Preferred Stock

JPMorgan Chase ( (JPM) ) has issued an announcement.

On May 7, 2026, JPMorgan Chase & Co. issued 300,000 shares of its 6.100% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series PP, each with a $10,000 liquidation preference, which were deposited to back 3,000,000 depositary shares, each representing a one-tenth interest. The structure imposes restrictions on the company’s ability to pay dividends or make certain payments on common and parity or junior preferred stock if dividends on the Series PP shares are not declared or required liquidation distributions are not made.

The transaction, completed on May 7, 2026 under an April 30, 2026 underwriting agreement and an effective shelf registration, adds a new layer of regulatory capital and funding flexibility for JPMorgan Chase. By formalizing rights and preferences through a Delaware Certificate of Designations filed on May 6, 2026 and a deposit agreement with Computershare Inc. as depositary, the bank further diversifies its capital structure, with implications for preferred and common equity holders in its hierarchy of claims and dividend priority.

The most recent analyst rating on (JPM) stock is a Buy with a $391.00 price target. To see the full list of analyst forecasts on JPMorgan Chase stock, see the JPM Stock Forecast page.

Spark’s Take on JPM Stock

According to Spark, TipRanks’ AI Analyst, JPM is a Outperform.

The score is driven primarily by strong financial performance (scaling revenue and durable profitability) and a steady, bullish technical setup (price above major moving averages with moderate momentum). Valuation appears reasonable at a mid-teens-below P/E with a modest dividend. Offsetting factors are increasing leverage and cash-flow volatility, plus earnings-call risks around higher expenses and meaningful regulatory capital/RWA headwinds that could constrain capital returns.

To see Spark’s full report on JPM stock, click here.

More about JPMorgan Chase

JPMorgan Chase & Co. is a global financial services firm operating in investment banking, commercial banking, asset management and consumer financial services. The company provides a broad range of banking products, capital markets services and securities offerings to institutional, corporate and retail clients worldwide, maintaining a leading position in U.S. and international banking markets.

Average Trading Volume: 9,651,907

Technical Sentiment Signal: Strong Buy

Current Market Cap: $843.8B

For an in-depth examination of JPM stock, go to TipRanks’ Overview page.