What happens to JPMorgan Chase's preferred stock in a liquidation or dissolution?

In the event of a liquidation or dissolution of the Firm, JPMorgan Chase’s preferred stock then outstanding takes precedence over the Firm’s common stock with respect to the payment of dividends and the distribution of assets. The following is a summary of JPMorgan Chase’s non-cumulative preferred stock outstanding as of December 31, 2020 and 2019.

How many shares of preferred stock does JPMorgan Chase issue?

At December 31, 2020 and 2019, JPMorgan Chase was authorized to issue 200 million shares of preferred stock, in one or more series, with a par value of $1 per share.

How effective is JPMorgan Chase's internal control over financial reporting?

Based upon the assessment performed, management concluded that as of December 31, 2020, JPMorgan Chase’s internal control over financial reporting was effective based upon the COSO 2013 framework.