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Business Changes and Developments
6 Months Ended
Jun. 30, 2015
Business Changes and Developments [Abstract]  
Business changes and developments
Business changes and developments
Private Equity sale
As part of the Firm’s business simplification, the sale of a portion of the Private Equity Business (“Private Equity sale”) was completed on January 9, 2015.
Trust preferred securities redemption
On April 2, 2015 the Firm redeemed $1.5 billion of trust preferred capital securities. For further information on the Firm’s trust preferred securities, see Note 21 of JPMorgan Chase’s 2014 Annual Report.
Preferred stock issuances
During the three and six months ended June 30, 2015, the Firm issued $3.4 billion and $4.9 billion respectively, of noncumulative preferred stock. On July 29, 2015, the Firm issued $1.2 billion of noncumulative preferred stock. For further information on the Firm’s preferred stock, see Note 22 of JPMorgan Chase’s 2014 Annual Report.
Increase in common stock dividend
The Board of Directors increased the Firm’s quarterly
common stock dividend from $0.40 per share to $0.44 per
share, effective with the dividend paid on July 31, 2015, to stockholders of record at the close of business on July 6, 2015.