Latest news with #JenniferPiepszak
Finextra
6 days ago
- Business
- Finextra
JPMorgan to integrate banking services with SAP S/4HANA Cloud
J.P. Morgan announced a collaboration that will enable the integration of banking services into the SAP S/4HANA Cloud to provide joint clients with access to J.P. Morgan Payments' treasury and payments capabilities aligned with cloud and business AI capabilities from SAP. 0 Announced at the SAP Sapphire & ASUG Annual Conference Orlando in 2025, the two organizations will work to deliver new value-added services to mutual clients to modernize their treasury experience, streamline financial operations, reduce fraud, and accelerate the adoption of cloud services. This is in addition to existing J.P. Morgan Payments integrations with SAP, which are part of the J.P. Morgan Payments Partner Network. This network combines J.P. Morgan Payments' comprehensive suite of payment solutions with over 80 third-party integrations to assist J.P. Morgan Payments clients in developing, implementing, expanding and optimizing payments strategies tailored to their business needs. Leveraging integrations with the SAP Multi-Bank Connectivity solution and SAP Business Technology Platform, this collaboration plans to enable corporate finance teams to access the Joule copilot from SAP and harness the power of business data to help make financial processes more efficient and insightful. 'We're excited to elevate our relationship with SAP by connecting best in-class cloud solutions from SAP with J.P. Morgan's integrated banking services,' said Jennifer Piepszak, Chief Operating Officer at JPMorganChase. 'We're committed to being dependable partners to businesses all over the world, regardless of economic or market conditions and see tremendous opportunities afforded by new technology, including innovations using cloud and AI.' Together, SAP and J.P. Morgan are helping transform financial operations by reducing manual work and analysis so that finance departments can more efficiently manage their resources. "We're committed to meeting clients where they are and powering their business through our extensive Enterprise Resource Planning (ERP) relationships and integrations,' said Sam Yen, Global Head of Enterprise Application Solutions at J.P. Morgan Payments. 'Through our relationship with SAP, we're aligning with their cloud and AI capabilities, which allows us to expand our ERP connectivity and empower clients to create integrated, future-proof payment experiences that accelerate their business growth.' For those attending SAP Sapphire Orlando, J.P Morgan Payments leaders will be sharing more details around our integrations and collaboration with SAP. Join the 'Treasury transformation with J.P. Morgan and Accenture' session at SAP Sapphire to learn about how J.P. Morgan Payments and Accenture are leveraging SAP S/4HANA to transform financial management featuring Alan Ng, Managing Director, Payments Consulting at Accenture, and Papa Faye, Managing Director, Head of Integrated Channels & EMEA Digital at J.P. Morgan Payments. Join the 'Innovative, AI-driven, embedded financial services for corporations' session at SAP Sapphire featuring insights from Falk Rieker, Global Head of SAP IBU Financial Services at SAP, and J.P. Morgan Payments' Yen about how SAP and J.P. Morgan Payments' collaboration delivers value to CFOs and mutual clients. Join the 'Next-generation, AI-powered cash visibility and instant payments' session at SAP Sapphire to see Stephan Mueller, Solution Owner, Payments at SAP SE, and Santiago Alcaraz, Head of ERP Integrated Solutions at J.P. Morgan Payments, showcase how SAP's cloud capabilities, SAP Business AI, and J.P. Morgan Payments solutions work together to bring powerful services to joint clients. Read more about SAP and J.P. Morgan Payments' integrations in the 2025 SAP Innovation Guide. J.P. Morgan Payments will also be at this year's SAP for Treasury and Working Capital Management Conference. For more information about J.P. Morgan Payments' presence at SAP Sapphire, please visit this page. Future capabilities are under development and features and timeline are subject to change at the bank's sole discretion.
Yahoo
25-03-2025
- Business
- Yahoo
JPMorgan rebrands DEI, leaves Net-Zero Asset Managers initiative
This story was originally published on ESG Dive. To receive daily news and insights, subscribe to our free daily ESG Dive newsletter. JPMorgan Chase announced changes to its internal practices on diversity, equity and inclusion and its external memberships in climate-related organizations last week, ESG Dive confirmed Monday. The financial institution said in a Friday internal memo, seen by ESG Dive, that it would rebrand its DEI practices 'DOI,' with 'o' standing for opportunity. Additionally, a spokesperson for the bank said in an emailed statement that JPMorgan Asset Management had left the United Nations-backed Net-Zero Asset Managers initiative last week as well. NZAM previously paused its operations, pending a review of its programs, after BlackRock left the group in January. Both changes were first reported by Reuters Friday and follow broader financial industry trends for the year, as banks have broadly backed away from the term DEI and industry climate groups and alliances. Friday's internal memo from JPMorgan Chief Operating Officer Jennifer Piepszak said the company has made changes to its DEI programs 'and the language [JPMorgan uses] to describe them,' including swapping the 'equity' for 'opportunity' and renaming the division to Diversity, Opportunity & Inclusion. 'The 'e' always meant equal opportunity to [JPMorgan], not equal outcomes, and we believe this more accurately reflects our ongoing approach to reach the most customers and clients to grow our business, create an inclusive workplace for our employees and increase access to opportunities,' Piepszak's memo said. The bank said it had 'streamlined' some of the diversity programs that were previously managed by the DEI office, integrating some into the human resources or corporate responsibility parts of the business. The changes come as the Trump administration has increasingly put a focus on corporate DEI programs, including an executive order for his agencies to target private sector initiatives. This has added to the wave of companies who rolled back programs last year, and the pressure has pushed U.S. banks to alter the way they talk about DEI in securities filings. Among them, JPMorgan said in its most recent annual filing that it 'has been and expects that it will continue to be criticized by activists, politicians and other members of the public' about stances it has taken on public policy matters 'such as diversity, equity and inclusion initiatives.' The firm also re-branded a table with employee breakdowns that was titled 'Diversity, Equity and Inclusion' in last year's filing to 'Workplace Composition." JPMorgan CEO Jamie Dimon had previously said 'bring them on' to anti-DEI activists that may target his company at January's World Economic Forum in Davos, Switzerland. He later said in a company town hall that the firm planned to reduce spending on some DEI efforts and said he 'was never a firm believer in bias training,' according to Bloomberg. Piepszak's Friday memo said the company plans to reduce its number of trainings, though its employee groups will remain focused on employee engagement, education and cultural celebrations and observances. In looking to increase 'connectivity' between different parts of the business and the DOI group, she said 'some activities, councils or chapters may be consolidated to streamline our process and engagement strategy.' '[JPMorgan] remain[s] committed to our core principles, which includes our belief in the power of a diverse workforce that strengthens our business and attracts and retains the best talent,' Piepszak said. 'We've always been committed to hiring, compensation and promotion that are merit-based; we do not have illegal quotas or pay incentives, and we would never turn someone away because of their political or religious beliefs, or because of who they are.' Additionally, a JPMorgan spokesperson said Monday that the firm's asset management arm is 'ending its membership' in NZAM, 'in light of' the operational pause the initiative announced in January. NZAM had announced the temporary suspension of operations following the departure of the nation's largest asset manager, BlackRock, earlier that month. Following BlackRock's exit, NZAM initially said that though it was 'disappointed to see any investor withdraw' it respects any decision signatories make. However, it reversed course and announced a suspension of activities a few days later due to 'recent developments in the U.S. and different regulatory and client expectations.' The organization said that during the pause — which included the suspension of tracking signatory reporting and target implementation — it would review its operations to make sure the group ''remains fit for purpose in the new global context.' For JPMorgan, the NZAM exit comes after the bank had previously followed Bank of America, Citigroup, Morgan Stanley, Goldman Sachs and Wells Fargo out the door of the UN-backed Net-Zero Banking alliance. At the time, a JPMorgan spokesperson told ESG Dive it still plans to engage with the Glasgow Financial Alliance for Net-Zero, which is refocusing on mobilizing capital this year. Northern Trust Asset Management has also announced a departure from NZAM following the pause, as well as an exit from Climate Action 100+ — an investor group that has become a common target for House Republicans. Recommended Reading Why climate alliance memberships are no longer 'en vogue' for Wall Street Sign in to access your portfolio
Globe and Mail
25-03-2025
- Business
- Globe and Mail
Insider Trading: JPMorgan's (JPM) Key Executives Offload Stock Worth $6.18M
Several key insiders at JPMorgan Chase (JPM) sold the company's shares, totaling $8.05 million yesterday. According to the recent SEC filing, co-CEO of Corporate & Investment Banking (CIB), Troy L. Rohrbaugh divested 25,000 shares of JPM on March 24, at an average price of $247.02 per share, for a total transaction value of $6.18 million. Light Up your Portfolio with Spark: Easily identify stocks' risks and opportunities. Discover stocks' market position with detailed competitor analyses. Further, Chief Operating Officer Jennifer Piepszak sold 4,272 shares of the company, worth $1.06 million. Also, Chief Information Officer Lori Beer and Head of Human Resources Robin Leopold offloaded shares for a total value of $506,680 and $308,650, respectively. Bearish Insider Sentiment for JPM Stock It is worth noting that the above-mentioned executives are not the only ones who reduced their stake in the company. Based on other informative insider transactions from the last three months, corporate insiders have sold $264.5 million worth of JPMorgan stock. Overall, TipRanks' Insider Trading Activity Tool shows that insider confidence in the stock is currently Very Negative. Investors may benefit from keeping an eye on transactions made by key insiders, as these transactions reflect their confidence in the company's prospects. Interestingly, TipRanks offers daily insider transactions as well as a list of top corporate insiders. It also provides a list of hot stocks that boast either a Very Positive or Positive insider confidence signal. JPM Stock Rises 19.3% in Six Months It is worth noting that insider sales come after JPMorgan stock has risen over 19% in the past six months. The company continues to benefit from its diversified business model along with investments in technology and digital tools. Recently, a Wells Fargo (WFC) analyst Mike Mayo called JPMorgan stock the 'Nvidia (NVDA) of banking,' due to its leadership in adopting artificial intelligence (AI). Mayo noted JPMorgan's huge investments in technology, with a budget of $18 billion for 2025, which surpasses other banks. Is JPM a Buy, Hold, or Sell? Turning to Wall Street, JPM stock has a Moderate Buy consensus rating based on 12 Buys and six Holds assigned in the last three months. At $274.40, the average JPMorgan price target implies a 10.62% upside potential. See more JPM analyst ratings Disclosure Questions or Comments about the article? Write to editor@
Reuters
11-02-2025
- Business
- Reuters
JPMorgan sees investment banking fees growth up mid-teens in Q1
NEW YORK, Feb 11 (Reuters) - JPMorgan Chase (JPM.N), opens new tab Chief Operating Officer Jennifer Piepszak said the lender has seen investment banking fees grow by the mid-teens year over year so far in the first quarter. Meanwhile, trading so far has been up in the low double digits year over year, Piepszak said while speaking at the BofA Securities conference in Miami. Get a look at the day ahead in U.S. and global markets with the Morning Bid U.S. newsletter. Sign up here.
Yahoo
27-01-2025
- Business
- Yahoo
JPMorganChase to Present at the BofA Financial Services Conference
NEW YORK, January 27, 2025--(BUSINESS WIRE)--Jennifer Piepszak, Chief Operating Officer of JPMorgan Chase & Co., will present at the BofA Financial Services Conference at the 1 Hotel in Miami Beach, Florida on Tuesday, February 11, 2025 at 1:00 p.m. (Eastern). A live webcast will be available on the day of the conference at under Investor Relations, Events & Presentations. JPMorgan Chase & Co. (NYSE: JPM) is a leading financial services firm based in the United States of America ("U.S."), with operations worldwide. JPMorganChase had $4.0 trillion in assets and $345 billion in stockholders' equity as of December 31, 2024. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management. Under the J.P. Morgan and Chase brands, the Firm serves millions of customers in the U.S., and many of the world's most prominent corporate, institutional and government clients globally. Information about JPMorgan Chase & Co. is available at View source version on Contacts Investor Contact:Mikael Grubb212-270-2479 Media Contact:Joseph Evangelisti212-270-7438 Sign in to access your portfolio
