Stocks

Active Stocks News Analysis: JPMorgan Chase & Co. (NYSE:JPM), U.S. Bancorp (NYSE:USB)

JPMorgan Chase & Co. (NYSE:JPM)’s shares gained 0.84% to $64.11.

Chase Card Services, a division of JPMorgan Chase & Co. [JPM], Visa Inc. [V] and United Airlines [UAL] declared the extension of the popular United MileagePlus credit card program. The multi-year agreements extend the more than 20-year legacy of providing exceptional benefits tailored for consumer and business cardmembers.

This extension will continue offering a rich credit card program across multiple products counting the United MileagePlus® Explorer, United MileagePlus Explorer Business and United MileagePlus® Club cards. Additionally, cardmembers will continue to enjoy access to exclusive events with InsideAccess.com in addition to exclusive luxury hotel and resort privileges.

At the end of Wednesday’s trade, U.S. Bancorp (NYSE:USB)‘s shares surged 0.86% to $42.36.

U.S. Bancorp, a financial services holding company, provides a range of financial services in the United States. It offers depository services, which comprise checking accounts, savings accounts, and time certificate contracts; and lending services, such as traditional credit products, in addition to credit card services, leasing, financing and import/export trade, asset-backed lending, agricultural finance, and other products. 

The Board of Directors of U.S. Bancorp (USB) has declared a quarterly dividend of $0.255 per common share payable October 15, 2015 to shareholders of record at the close of business on September 30, 2015. At this quarterly dividend rate, the annual dividend is equivalent to $1.02 per common share.

The Board of Directors also declared the following:

A regular quarterly dividend of $894.444 per share (equivalent to $8.94444 per depositary share) on U.S. Bancorp’s Series A Non-Cumulative Perpetual Preferred Stock, payable October 15, 2015, to stockholders of record at the close of business on September 30, 2015.

A regular quarterly dividend of $223.61 per share (equivalent to $0.22361 per depositary share) on U.S. Bancorp’s Series B Non-Cumulative Perpetual Preferred Stock, payable October 15, 2015, to stockholders of record at the close of business on September 30, 2015.

A regular quarterly dividend of $406.25 per share (equivalent to $0.40625 per depositary share) on U.S. Bancorp’s Series F Non-Cumulative Perpetual Preferred Stock, payable October 15, 2015, to stockholders of record at the close of business on September 30, 2015.

A regular quarterly dividend of $375.00 per share (equivalent to $0.37500 per depositary share) on U.S. Bancorp’s Series G Non-Cumulative Perpetual Preferred Stock, payable October 15, 2015, to stockholders of record at the close of business on September 30, 2015.

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This article contains an advanced information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as well as statements regarding the forseeable frequent growth of the market for the corporation’s products, the corporation’s capability to fund its capital requirement in the close-to term and in the long term; pricing pressures; etc.

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About the author

Tanya Jones

Senior reporter for JBH News Games & Tech section. Graduated from York College, City University of New York in 2012.

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