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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类普通股
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,摩根大通报告了一起涉及其持有的Visa Inc.的重大财务事件。该公司成功将3,720万股VisaB-1类普通股交换为VisaB-2类和C类普通股的混合股。该交易为摩根大通带来了80亿美元的收益,这归因于目前按公允价值计算的Visa C类股票。此外,摩根大通计划向摩根大通基金会捐赠价值约10亿美元的Visa C类股票,该基金会将支持该基金会未来几年的活动。这笔慈善捐款将作为非薪酬支出反映在公司2024年的财务状况中。有关该交易的更多细节可以在摩根大通截至2024年3月31日的季度报告中找到。该公司还于同日发布了一份新闻声明,详细介绍了该事件。
2024年5月6日,摩根大通报告了一起涉及其持有的Visa Inc.的重大财务事件。该公司成功将3,720万股VisaB-1类普通股交换为VisaB-2类和C类普通股的混合股。该交易为摩根大通带来了80亿美元的收益,这归因于目前按公允价值计算的Visa C类股票。此外,摩根大通计划向摩根大通基金会捐赠价值约10亿美元的Visa C类股票,该基金会将支持该基金会未来几年的活动。这笔慈善捐款将作为非薪酬支出反映在公司2024年的财务状况中。有关该交易的更多细节可以在摩根大通截至2024年3月31日的季度报告中找到。该公司还于同日发布了一份新闻声明,详细介绍了该事件。
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