JPMorgan Mints Another $4.6 Billion From Decades-Old Visa Stake

Corporate Action
โดย Bloomberg·Read original
Summary · why it matters

JPMorgan Chase has recorded a $4.6 billion gain from tendering 18.6 million Visa shares in April, boosting second-quarter net income to a record. The gain stems from a share exchange tied to Visa's pre-IPO structure, which created three share classes to ensure legacy bank owners would cover litigation costs from merchant lawsuits over swipe fees. JPMorgan previously booked gains of $7.9 billion in 2024 and $914 million in 2022 from similar exchanges. A judge has preliminarily approved a settlement between Visa, Mastercard, and retailers that could save merchants more than $200 billion over eight years.

Impact on stocks 3

Digital Finance & Tokenization▲ · 3 stocks
JPMorgan Chase & Co
JPM
▲ PositiveCapitalrelevance

JPMorgan recorded a $4.6 billion gain from tendering Visa shares, boosting net income to a record.

Mastercard Inc
MA
± MixedRegulationrelevance

A judge preliminarily approved a settlement between Visa, Mastercard, and retailers that could save merchants over $200 billion, potentially reducing swipe fee revenue for Mastercard.

Visa Inc. Class A
V
± MixedRegulationrelevance

A judge preliminarily approved a settlement between Visa, Mastercard, and retailers that could save merchants over $200 billion, potentially reducing swipe fee revenue for Visa.

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