JPMorgan Probability of Bankruptcy | JPMorgan Chase & Co (JPM) (2024)

FAQs

JPMorgan Probability of Bankruptcy | JPMorgan Chase & Co (JPM)? ›

The Probability of Bankruptcy of JPMorgan Chase & Co (JPM) is 3.4% . This number represents the probability that JPMorgan will face financial distress in the next 24 months given its current fundamentals and market conditions.

JPMorgan Chase's odds of distress is less than 4% at the moment. It is unlikely to undergo any financial crunch in the next 24 months. JPMorgan Chase's Odds of distress is determined by interpolating and adjusting JPMorgan Altman Z Score to account for off-balance-sheet items and missing or unfiled public information.

Strong Profitability: JPM's diversified revenue base and market-leading position underpin its solid track record of robust and stable profitability, which has led Fitch to revise its earnings and profitability assessment to 'aa' from 'aa-' and is a key rating strength relative to peers.

If a bank fails, insured deposits will be moved to another FDIC-insured bank or paid out. You'll usually get a Receiver's Certificate for money that isn't covered by FDIC insurance.

JPMS is a broker dealer registered with, and regulated by, the SEC. In compliance with the SEC rules and regulations for the protection of customers, JPMS maintains all customers' Fully Paid and Excess Margin securities as required under Rule 15c3-3(b) of the Securities Exchange Act of 1934.

If you have a bank account with Chase, your favorite branch may close in 2024. Throughout the year, Chase plans to close at least 23 branches across various states, with some closures possibly already in effect. At the same time, Chase plans to open 400 branches in 25 new states.

Is Chase safe? Chase is regulated by the Financial Conduct Authority (FCA) and customer deposits of up to £85,000 (£170,000 for joint accounts) are protected under the Financial Services Compensation Scheme (FSCS). This means, if Chase went out of business, the FSCS would step in to cover up to this threshold.

JPM Stock Forecast FAQ

Based on analyst ratings, JPMorgan Chase & Co.'s 12-month average price target is $213.91. What is JPM's upside potential, based on the analysts' average price target? JPMorgan Chase & Co. has 8.97% upside potential, based on the analysts' average price target.

Our recent MarketWatch Guides consumer banking survey shows that 64% of Chase customers are extremely satisfied with their banking experience. Chase best suits customers who prefer many branch and ATM options, want a solid digital banking experience and can meet requirements to get monthly account fees waived.

With US$3.9 trillion in total assets, JPMorgan Chase is the fifth-largest bank in the world by assets. The firm operates the largest investment bank in the world by revenue.

Is my money safe at Chase? ›

Is Chase FDIC insured? Yes, all Chase bank accounts are FDIC insured (FDIC# 628) up to $250,000 per depositor, for each account ownership category, in the event of a bank failure.

JPMorgan Chase is the largest bank in the U.S. That worries some critics, who see it as "too big to fail." SCOTT SIMON, HOST: Ever since the global financial crisis, there's been a lot of consolidation among banks. Many of them have gotten larger, but one towers over all.

This is called a non-satisfactory relationship. When a non-satisfactory relationship occurs, all of your cards and accounts are closed. Chase will typically mail you a check for the balance in your account. After this happens, some people may be able to reopen accounts after a few years.

Weaknesses. Regulatory and Compliance Risks: As a highly regulated entity, JPMorgan Chase & Co faces significant compliance risks. The 10-K filing highlights the complexity of adhering to various laws and regulations, which can lead to increased costs and operational constraints.

Bank of America pays slightly higher interest on your account balance. It also has a lower monthly fee and more options to have it waived. While the comparison between the two banks' checking accounts stacks up as a draw, the clear winner among savings accounts is Bank of America Advantage Savings.

FORTUNE has placed JPMorgan Chase in the top five of its “World's Most Admired Companies” list, ranking #5 in 2024 for the second consecutive year. JPMorgan Chase is named to Fortune's list of companies changing the world, a recognition of firmwide efforts to make an impact across the globe.

Chase Pay Discontinued

In 2019, Chase Pay announced that it will be closing the Chase Pay standalone app, but payment methods through participating websites will remain functional. This implies that users can choose to pay using Chase Pay for some online purchases, but its QR code feature will no longer be supported.

If the account balance stays negative for an extended period, your account may incur multiple additional fees depending on the bank's policies for your account. Checking accounts that continue to be overdrawn past a certain time might even be closed.

Banks often pursue acquisitions of competitors to cut expenses on overlapping staff, services and facilities. The savings support profits. In recent years, closing branches has often proven integral to deal-related cost-cutting.

According to JPMorgan Chase's latest financial reports the company's total debt is $442.14 B. A company's total debt is the sum of all current and non-current debts.