Preferred Stock (Tables)

6 Months Ended

Jun. 30, 2022

Stockholders' Equity Note [Abstract]

Schedule of stock by class

The following is a summary of JPMorgan Chase’s non-cumulative preferred stock outstanding as of June 30, 2022 and December 31, 2021, and the quarterly dividend declarations for the three and six months ended June 30, 2022 and 2021.

	Shares		Carrying value  (in millions)					Contractual rate in effect at June 30, 2022		Earliest redemption date	Floating annualized rate(a)	Dividend declared per share
	June 30, 2022	December 31, 2021	June 30, 2022		December 31, 2021		Issue date					Three months ended June 30,		Six months ended June 30,
												2022	2021	2022	2021
Fixed-rate:
Series AA	—	—	$	—	$	—	6/4/2015	—	%	9/1/2020	NA	$—	$152.50	$—	$305.00
Series BB	—	—	—		—		7/29/2015	—		9/1/2020	NA	—	153.75	—	307.50
Series DD	169,625	169,625	1,696		1,696		9/21/2018	5.750		12/1/2023	NA	143.75	143.75	287.50	287.50
Series EE	185,000	185,000	1,850		1,850		1/24/2019	6.000		3/1/2024	NA	150.00	150.00	300.00	300.00
Series GG	90,000	90,000	900		900		11/7/2019	4.750		12/1/2024	NA	118.75	118.75	237.50	237.50
Series JJ	150,000	150,000	1,500		1,500		3/17/2021	4.550		6/1/2026	NA	113.75	93.53	227.50	93.53	(b)
Series LL	185,000	185,000	1,850		1,850		5/20/2021	4.625		6/1/2026	NA	115.63	—	231.26	—	(c)
Series MM	200,000	200,000	2,000		2,000		7/29/2021	4.200		9/1/2026	NA	105.00	NA	210.00	NA
Fixed-to-floating-rate:
Series I	293,375	293,375	$	2,934	$	2,934	4/23/2008	LIBOR + 3.47%		4/30/2018	LIBOR + 3.47%	$119.03	$92.40	$211.16	$185.46
Series Q	150,000	150,000	1,500		1,500		4/23/2013	5.150		5/1/2023	LIBOR + 3.25	128.75	128.75	257.50	257.50
Series R	150,000	150,000	1,500		1,500		7/29/2013	6.000		8/1/2023	LIBOR + 3.30	150.00	150.00	300.00	300.00
Series S	200,000	200,000	2,000		2,000		1/22/2014	6.750		2/1/2024	LIBOR + 3.78	168.75	168.75	337.50	337.50
Series U	100,000	100,000	1,000		1,000		3/10/2014	6.125		4/30/2024	LIBOR + 3.33	153.13	153.13	306.25	306.25
Series V	250,000	250,000	2,500		2,500		6/9/2014	LIBOR + 3.32%		7/1/2019	LIBOR + 3.32	108.36	89.02	194.76	174.99
Series X	160,000	160,000	1,600		1,600		9/23/2014	6.100		10/1/2024	LIBOR + 3.33	152.50	152.50	305.00	305.00
Series Z	—	200,000	—		2,000		4/21/2015	—		5/1/2020	LIBOR + 3.80	—	100.50	—	201.74
Series CC	125,750	125,750	1,258		1,258		10/20/2017	4.625		11/1/2022	LIBOR + 2.58	115.63	115.63	231.25	231.25
Series FF	225,000	225,000	2,250		2,250		7/31/2019	5.000		8/1/2024	SOFR + 3.38	125.00	125.00	250.00	250.00
Series HH	300,000	300,000	3,000		3,000		1/23/2020	4.600		2/1/2025	SOFR + 3.125	115.00	115.00	230.00	230.00
Series II	150,000	150,000	1,500		1,500		2/24/2020	4.000		4/1/2025	SOFR + 2.745	100.00	100.00	200.00	200.00
Series KK	200,000	200,000	2,000		2,000		5/12/2021	3.650		6/1/2026	CMT + 2.85	91.25	—	182.50	—	(c)
Total preferred stock	3,283,750	3,483,750	$	32,838	$	34,838

(a)Floating annualized rate includes three-month LIBOR, three-month term SOFR or five-year Constant Maturity Treasury (“CMT”) rate, as applicable, plus the spreads noted above.

(b)The initial dividend declared is prorated based on the number of days outstanding for the period. Dividends were declared quarterly thereafter at the contractual rate.

(c)No dividends were declared from the original issue date through June 30, 2021.