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8-K: JPMorgan Chase Announces Visa's Acceptance of Class B-1 Common Stock

8-K: JPMorgan Chase Announces Visa's Acceptance of Class B-1 Common Stock

8-K:摩根大通宣布Visa接受B-1類普通股
美股sec公告 ·  05/06 17:18
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On May 6, 2024, JPMorgan Chase & Co. reported a significant financial event involving its holdings in Visa Inc. The company successfully exchanged 37.2 million shares of Visa Class B-1 common stock for a mix of Visa Class B-2 and Class C common stock. This transaction resulted in an $8 billion gain for JPMorgan, attributed to the Visa Class C shares now valued at fair value. Additionally, JPMorgan Chase & Co. plans to donate Visa Class C shares worth approximately $1 billion to the JPMorgan Chase Foundation, which will support the foundation's activities for the next few years. This charitable contribution will be reflected as a non-compensation expense in the company's financials for 2024. Further details on this transaction can be found in JPMorgan Chase's Quarterly Report for the quarter ending March 31, 2024. The company has also released a press statement on the same date detailing the event.
On May 6, 2024, JPMorgan Chase & Co. reported a significant financial event involving its holdings in Visa Inc. The company successfully exchanged 37.2 million shares of Visa Class B-1 common stock for a mix of Visa Class B-2 and Class C common stock. This transaction resulted in an $8 billion gain for JPMorgan, attributed to the Visa Class C shares now valued at fair value. Additionally, JPMorgan Chase & Co. plans to donate Visa Class C shares worth approximately $1 billion to the JPMorgan Chase Foundation, which will support the foundation's activities for the next few years. This charitable contribution will be reflected as a non-compensation expense in the company's financials for 2024. Further details on this transaction can be found in JPMorgan Chase's Quarterly Report for the quarter ending March 31, 2024. The company has also released a press statement on the same date detailing the event.
2024年5月6日,摩根大通報告了一起涉及其持有的Visa Inc.的重大財務事件。該公司成功將3,720萬股VisaB-1類普通股交換爲VisaB-2類和C類普通股的混合股。該交易爲摩根大通帶來了80億美元的收益,這歸因於目前按公允價值計算的Visa C類股票。此外,摩根大通計劃向摩根大通基金會捐贈價值約10億美元的Visa C類股票,該基金會將支持該基金會未來幾年的活動。這筆慈善捐款將作爲非薪酬支出反映在公司2024年的財務狀況中。有關該交易的更多細節可以在摩根大通截至2024年3月31日的季度報告中找到。該公司還於同日發佈了一份新聞聲明,詳細介紹了該事件。
2024年5月6日,摩根大通報告了一起涉及其持有的Visa Inc.的重大財務事件。該公司成功將3,720萬股VisaB-1類普通股交換爲VisaB-2類和C類普通股的混合股。該交易爲摩根大通帶來了80億美元的收益,這歸因於目前按公允價值計算的Visa C類股票。此外,摩根大通計劃向摩根大通基金會捐贈價值約10億美元的Visa C類股票,該基金會將支持該基金會未來幾年的活動。這筆慈善捐款將作爲非薪酬支出反映在公司2024年的財務狀況中。有關該交易的更多細節可以在摩根大通截至2024年3月31日的季度報告中找到。該公司還於同日發佈了一份新聞聲明,詳細介紹了該事件。
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