| Stock by class |
The following is a summary of JPMorganChase’s non-cumulative preferred stock outstanding as of September 30, 2026 and December 31, 2025, and the quarterly dividend declarations for the three and nine months ended September 30, 2026 and 2025. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Shares(a) | Carrying value (in millions) | | Contractual rate in effect at September 30, 2026 | Earliest redemption date(b) | Floating annualized rate(c) | Dividend declared
per share | | | September 30, 2026 | December 31, 2025 | September 30, 2026 | December 31, 2025 | Issue date | Three months ended September 30, | | Nine months ended September 30, | | | 2026 | | 2025 | | 2026 | | 2025 | | | Fixed-rate: | | | | | | | | | | | | | | | | | | Series DD | 169,625 | | 169,625 | | $ | 1,696 | | $ | 1,696 | | 9/21/2018 | 5.750 | % | 12/1/2023 | NA | $ | 143.75 | | | $ | 143.75 | | | $431.25 | | $431.25 | | | Series EE | 185,000 | | 185,000 | | 1,850 | | 1,850 | | 1/24/2019 | 6.000 | | 3/1/2024 | NA | 150.00 | | | 150.00 | | | 450.00 | | 450.00 | | | Series GG | 90,000 | | 90,000 | | 900 | | 900 | | 11/7/2019 | 4.750 | | 12/1/2024 | NA | 118.75 | | | 118.75 | | | 356.25 | | 356.25 | | | Series JJ | 150,000 | | 150,000 | | 1,500 | | 1,500 | | 3/17/2021 | 4.550 | | 6/1/2026 | NA | 113.75 | | | 113.75 | | | 341.25 | | 341.25 | | | Series LL | 185,000 | | 185,000 | | 1,850 | | 1,850 | | 5/20/2021 | 4.625 | | 6/1/2026 | NA | 115.63 | | | 115.63 | | | 346.89 | | 346.89 | | | Series MM | 200,000 | | 200,000 | | 2,000 | | 2,000 | | 7/29/2021 | 4.200 | | 9/1/2026 | NA | 105.00 | | | 105.00 | | | 315.00 | | 315.00 | | | Fixed-to-floating rate: | | | | | | | | | | | | | | | | | Series CC | 125,750 | | 125,750 | | 1,258 | | 1,258 | | 10/20/2017 | SOFR + 2.58 | 11/1/2022 | SOFR + 2.58 | 168.16 | | | 186.38 | | | 497.03 | | 540.63 | | | Series II | 150,000 | | 150,000 | | 1,500 | | 1,500 | | 2/24/2020 | SOFR + 2.745 | 4/1/2025 | SOFR + 2.745 | 165.36 | |
| 179.80 | | | 486.44 | | 457.82 | (e) | | Series KK | — | | 200,000 | | — | | 2,000 | | 5/12/2021 | — | | 6/1/2026 | CMT + 2.85 | — | | | 91.25 | | | 182.50 | | 273.75 | | | Series NN | 250,000 | | 250,000 | | 2,496 | | 2,496 | | 3/12/2024 | 6.875 | | 6/1/2029 | CMT + 2.737 | 171.88 | | | 171.88 | |
| 515.64 | | 515.64 | | | | Series OO | 300,000 | | 300,000 | | 2,995 | | 2,995 | | 2/4/2025 | 6.500 | | 4/1/2030 | CMT + 2.152 | 162.50 | | | 162.50 | | | 487.50 | | 427.92 | (d) | | Series PP | 300,000 | | NA | 2,995 | | NA | 5/7/2026 | 6.100 | | 7/1/2031 | CMT + 2.08 | 152.50 | | | NA | | 244.00 | (d) | NA | | | Total preferred stock | 2,105,375 | | 2,005,375 | | $ | 21,040 | | $ | 20,045 | | | | | | | | | | | | | |
(a)Represented by depositary shares. (b)Each series of fixed-to-floating rate preferred stock converts to a floating rate at the earliest redemption date. (c)References in the table to “SOFR” mean a floating annualized rate equal to three-month term SOFR (plus, in the case of the Series CC preferred stock, a spread adjustment of 0.26% per annum) plus the spreads noted. References to “CMT” mean a floating annualized rate equal to the five-year Constant Maturity Treasury (“CMT”) rate plus the spreads noted. (d)The initial dividend declared was prorated based on the number of days outstanding for the period. Dividends were declared quarterly thereafter at the contractual rate. (e)The dividend rate for Series II preferred stock became floating and payable quarterly starting on April 1, 2025; prior to which the dividend rate was fixed at 4.00% or $200.00 per share payable semiannually. The dividend rate for each quarterly dividend period commencing on April 1, 2025 was three-month term SOFR plus the spread of 2.745%.
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