JPMorgan Chase's Preferred Stock Series GG Shares Cross 6.5% Yield Mark

JPMorgan Chase's Series GG non-cumulative preferred shares (JPM.PRJ) traded as low as $18.23 on Wednesday, pushing the annualized $1.1875 dividend yield above 6.5%. The item is a routine yield and price update for a single preferred-security issue, with limited broader market implications.