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Stock impact report

JPMorgan to build a fintech campus in Silicon Valley [Seeking Alpha]

JP Morgan Chase & Co. (JPM) 
Last jp morgan chase & co. earnings: 4/14 06:43 am Check Earnings Report
Company Research Source: Seeking Alpha
JPMorgan Chase ( JPM ) plans to develop a new fintech campus in Palo Alto, CA, that will house more than 1,000 employees, CNBC reports. Palo Alto, part of Silicon Valley, is one of the priciest commercial real estate markets in the country. Scheduled to open in 2012, the new campus follows the bank's 2017 acquisition of payments startup WePay, a rival to PayPal and Stripe. WePay and its employees (more than 275) will move to Palo Alto from its nearby office in Redwood City. The site developer, Truebeck Construction, says the project's first phase will be a 115,000-square-foot two-story building and the second phase includes an 80,000-square-foot edifice. Previously: SEC launches fintech hub (Oct. 18) Click to subscribe to real-time analytics on JPM Now read: JPUS: The Good And The Bad Behind A Smart Idea » Subscribe for full text news in your inbox Show less Read more
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