Bank of America Sees Demand Surge for Paycheck Protection Loans [TheStreet.com]
JP Morgan Chase & Co. (JPM)
Last jp morgan chase & co. earnings: 4/14 06:43 am
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Source: TheStreet.com
Bank of America(BACGet ReportThe bank said that it has received applications from 177,000 small businesses for a total of $32.6 billion in financing, CNBC said. The bank's current figures are its applications and don't represent the sums the Small Business Administration has approved.The $350 billion Paycheck Protection Program is a government-backed loan effort to help small businesses keep workers on the payroll. The money is part of the $2 trillion rescue package Congress passed last week in response to the coronavirus pandemic.Bank of America wasthe first major bankJPMBank of America faced criticism Friday for denying loan applications from certain people seeking to access the funds set aside by the program.The bank ended upchanging its positionSeparately, Wells FargoWFCpushing to lift restrictionsThe San Francisco-based bank said on Sunday that it was being forced to cap lending under the federal government's $349 billion small business rescue program at a relatively modest $10 b
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JPM
Earnings
- 1/13/26 - Miss
JPM
Sec Filings
- 1/16/26 - Form 4
- 1/16/26 - Form 4
- 1/16/26 - Form 4
- JPM's page on the SEC website