JPMorgan says it has processed $17.8 billion under emergency aid program [Reuters]
JP Morgan Chase & Co. (JPM)
Last jp morgan chase & co. earnings: 4/14 06:43 am
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Source: Reuters
JPMorgan says it has processed $17.8 billion under emergency aid program NEW YORK (Reuters) - JPMorgan Chase & Co ( JPM.N ) said on Wednesday that it had submitted roughly 220,000 applications worth $17.8 billion to the Small Business Administration’s Paycheck Protection Program to help small businesses hurt by the coronavirus shutdown. In a client memo that appeared aimed at rebutting a decision by the government to temporarily shut the program to big banks on Wednesday, JPMorgan said the average loan size was around $81,000, and roughly half of the applications were filed by businesses with fewer than five employees. About 80% of the applications were for less than $100,000 and about 40% were for less than $25,000, the bank said in an email to customers for whom it had processed loans. The SBA said that as of 5PM EDT on Wednesday, 5,300 lenders had originated 960,000 loans worth nearly $90 billion in total, suggesting JPMorgan accounted for nearly 20% of the value of all loans pro
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JPM
News
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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