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Common Stock (Tables)
 12 Months Ended
Dec. 31, 2023
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 December 31, 2023 and 2022, and the quarterly dividend declarations for the years ended December 31, 2023, 2022 and 2021.
Shares(a)
Carrying value
 (in millions)		Issue date
Contractual rate
in effect at
December 31, 2023
Earliest redemption date(b)
Floating annualized
rate(c)
Dividend declared per share(d)
December 31,December 31,Year ended December 31,
2023202220232022202320222021
Fixed-rate:
Series AA
— — $— $— 6/4/2015— %9/1/2020NA$— $— $305.00 
Series BB
— — — — 7/29/2015— 9/1/2020NA— — 307.50 
Series DD
169,625 169,625 1,696 1,696 9/21/20185.750 12/1/2023NA575.00 575.00 575.00 
Series EE
185,000 185,000 1,850 1,850 1/24/20196.000 3/1/2024NA600.00 600.00 600.00 
Series GG
90,000 90,000 900 900 11/7/20194.750 12/1/2024NA475.00 475.00 475.00 
Series JJ150,000 150,000 1,500 1,500 3/17/20214.550 6/1/2026NA455.00 455.00 321.03 
(e)
Series LL185,000 185,000 1,850 1,850 5/20/20214.625 6/1/2026NA462.52 462.52 245.39 
(e)
Series MM200,000 200,000 2,000 2,000 7/29/20214.200 9/1/2026NA420.00 420.00 142.33 
(e)
Fixed-to-floating rate:
Series I
— — $— $— 4/23/2008— %4/30/2018— %$— $375.03 $370.38 
Series Q
150,000 150,000 1,500 1,500 4/23/2013
SOFR + 3.25
5/1/2023
SOFR + 3.25
801.41 515.00 515.00 
(f)
Series R
150,000 150,000 1,500 1,500 7/29/2013
SOFR + 3.30
8/1/2023
SOFR + 3.30
756.73 600.00 600.00 
(g)
Series S200,000 200,000 2,000 2,000 1/22/20146.750 2/1/2024
SOFR + 3.78
675.00 675.00 675.00 
Series U
100,000 100,000 1,000 1,000 3/10/20146.125 4/30/2024
SOFR + 3.33
612.50 612.50 612.50 
Series V— — — — 6/9/2014— 7/1/2019— — 340.91 353.65 
Series X
160,000 160,000 1,600 1,600 9/23/20146.100 10/1/2024
SOFR + 3.33
610.00 610.00 610.00 
Series Z
— — — — 4/21/2015— 5/1/2020— — — 401.44 

Series CC
125,750 125,750 1,258 1,258 10/20/2017
SOFR + 2.58
11/1/2022
SOFR + 2.58
804.08 526.27 462.50 
(h)
Series FF
225,000 225,000 2,250 2,250 7/31/20195.000 8/1/2024
SOFR + 3.38
500.00 500.00 500.00 
Series HH300,000 300,000 3,000 3,000 1/23/20204.600 2/1/2025
SOFR + 3.125
460.00 460.00 460.00 
Series II150,000 150,000 1,500 1,500 2/24/20204.000 4/1/2025
SOFR + 2.745
400.00 400.00 400.00 
Series KK200,000 200,000 2,000 2,000 5/12/20213.650 6/1/2026
CMT + 2.85
365.00 365.00 201.76 
(e)
Total preferred stock2,740,375 2,740,375 $27,404 $27,404 
(a)Represented by depositary shares.
(b)Each series of fixed-to-floating rate preferred stock converts to a floating rate at the earliest redemption date.
(c)Effective June 30, 2023, CME Term SOFR became the replacement reference rate for fixed-to-floating rate preferred stock issued by the Firm that formerly referenced U.S. dollar LIBOR. References in the table to “SOFR” mean a floating annualized rate equal to three-month term SOFR (plus a spread adjustment of 0.26% per annum) plus the spreads noted. The reference to “CMT” means a floating annualized rate equal to the five-year Constant Maturity Treasury (“CMT”) rate plus the spread noted.
(d)Dividends on preferred stock are discretionary and non-cumulative. When declared, dividends are declared quarterly. Dividends are payable quarterly on fixed-rate preferred stock. Dividends are payable semiannually on fixed-to-floating rate preferred stock while at a fixed rate, and payable quarterly after converting to a floating rate.
(e)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.
(f)The dividend rate for Series Q preferred stock became floating and payable quarterly starting on May 1, 2023; prior to which the dividend rate was fixed at 5.15% or $257.50 per share payable semiannually. The dividend rate for each quarterly dividend period commencing on August 1, 2023 is three-month term SOFR (plus a spread adjustment of 0.26% per annum) plus the spread of 3.25%.
(g)The dividend rate for Series R preferred stock became floating and payable quarterly starting on August 1, 2023; prior to which the dividend rate was fixed at 6.00% or $300.00 per share payable semiannually. The dividend rate for each quarterly dividend period commencing on August 1, 2023 is three-month term SOFR (plus a spread adjustment of 0.26% per annum) plus the spread of 3.30%.
(h)The dividend rate for Series CC preferred stock became floating and payable quarterly starting on November 1, 2022; prior to which the dividend rate was fixed at 4.625% or $231.25 per share payable semiannually. The dividend rate for each quarterly dividend period commencing on August 1, 2023 is three-month term SOFR (plus a spread adjustment of 0.26% per annum) plus the spread of 2.58%.
Common shares issued which were reissued from treasury by the Firm during the years ended December 31, 2023, 2022 and 2021 were as follows.
Year ended December 31,
(in millions)		202320222021
Total issued – balance at January 1
4,104.9 4,104.9 4,104.9 
Treasury – balance at January 1(1,170.7)(1,160.8)(1,055.5)
Repurchase(69.5)(23.1)(119.7)
Reissuance:
Employee benefits and compensation plans
10.9 12.0 13.5 
Employee stock purchase plans
1.0 1.2 0.9 
Total reissuance11.9 13.2 14.4 
Total treasury – balance at December 31
(1,228.3)(1,170.7)(1,160.8)
Outstanding at December 312,876.6 2,934.2 2,944.1 
Schedule of common equity repurchases
The following table sets forth the Firm’s repurchases of common stock for the years ended December 31, 2023, 2022 and 2021.
Year ended December 31,
(in millions)		2023
2022(b)
2021(c)
Total number of shares of common stock repurchased69.5 23.1 119.7 
Aggregate purchase price of common stock repurchases(a)
$9,898 $3,122 $18,448 
(a)Excludes excise tax and commissions. As part of the Inflation Reduction Act of 2022, a 1% excise tax was imposed on net share repurchases effective January 1, 2023.
(b)In the second half of 2022, the Firm temporarily suspended share repurchases, which it resumed under its current common share repurchase program in the first quarter of 2023.
(c)As directed by the Federal Reserve, total net repurchases and common stock dividends in the first and second quarter of 2021 were restricted and could not exceed the average of the Firm’s net income for the four preceding calendar quarters. Effective July 1, 2021, the Firm became subject to the normal capital distribution restrictions provided under the regulatory capital framework.