JPMorgan stock edges up after $3 billion debt filing — here’s what investors watch next
JPMorgan Chase is issuing $3 billion in fixed-to-floating subordinated notes maturing in 2037, with a 5.193% coupon until 2036, according to a new SEC filing. JPM shares rose 0.5% to $307.44 by late morning Monday. The SPDR S&P Bank ETF gained 1.6%. Settlement of the notes is expected around Feb. 5.