JPMorgan Chase's Preferred Stock Series DD Shares Cross 6% Yield Mark

JPMorgan Chase's 5.75% Series DD preferred shares were yielding above 6% as they traded as low as $23.90, based on the stock's quarterly dividend annualized to $1.4375. The piece is a straightforward pricing/yield update on a preferred security, with no new company-specific catalyst or broader market implication.

Analysis

JPMorgan Chase's 5.75% Series DD preferred shares were yielding above 6% as they traded as low as $23.90, based on the stock's quarterly dividend annualized to $1.4375. The piece is a straightforward pricing/yield update on a preferred security, with no new company-specific catalyst or broader market implication.