Half of small businesses fall behind on April rent, poll finds - WSJ [Seeking Alpha]
JP Morgan Chase & Co. (JPM)
Last jp morgan chase & co. earnings: 4/14 06:43 am
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Source: Seeking Alpha
Financials|Half of small businesses fall behind on April rent, poll finds - WSJApr. 7, 2020 1:48 PM ETLiz KiescheAbout 30% of more than 1,000 small businesses surveyeddidn't pay any rentWall Street JournalThe early findings the COVID-19 pandemic's disruption to small businesses can set off a chain reaction hitting landlords, lenders, and mortgage servicers and investors.“I think this shows the time-sensitive need for the policy response to get liquidity in the hands of small businesses,” said Michael Feroli, chief U.S. economist at JPMorgan, told theHe noted that half of all small business have cash buffers that would last 15 days or less.The SBA Paycheck Protection Program under the CARES Act is intended to help small businesses get the cash they need to keep employees on the payroll and pay rent.As of last night, only $50B of the $349B earmarked for the program have been processed since it launched on Friday.Now read:Mortgage bankers get deluged with forbearance requests, MBA says
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JPM
News
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- Analyst cuts 60% price target for popular Bitcoin stock [Yahoo! Finance]Yahoo! Finance
JPM
Earnings
- 10/14/25 - Beat
JPM
Sec Filings
- 12/5/25 - Form 424B2
- 12/5/25 - Form 424B2
- 12/5/25 - Form 424B2
- JPM's page on the SEC website