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

JPMorgan Chase 4.75% Dep Shares Non-Cumulative Preferred Stock Series GG (JPM.PRJ) traded as low as $19.69 on Tuesday, implying a yield above 6% based on the quarterly dividend annualized to $1.1875 (implied yield ≈6.03%). This is a factual market-price/yield observation for the preferred issue rather than company-specific fundamental news.

Analysis

JPMorgan Chase 4.75% Dep Shares Non-Cumulative Preferred Stock Series GG (JPM.PRJ) traded as low as $19.69 on Tuesday, implying a yield above 6% based on the quarterly dividend annualized to $1.1875 (implied yield ≈6.03%). This is a factual market-price/yield observation for the preferred issue rather than company-specific fundamental news.