Common Stock (Tables)

12 Months Ended

Dec. 31, 2018

Stockholders' Equity Note [Abstract]

Schedule of stock by class

The following is a summary of JPMorgan Chase’s non-cumulative preferred stock outstanding as of December 31, 2018 and 2017.

	Shares at December 31,(a)		Carrying value  (in millions) at December 31,				Issue date	Contractual rate in effect at December 31, 2018		Earliest redemption date	Date at which dividend rate becomes floating	Floating annual rate of three-month LIBOR plus:	Dividend declared per share(b)
	2018	2017	2018		2017
Fixed-rate:
Series P	90,000	90,000	$	900	$	900	2/5/2013	5.450	%	3/1/2018	NA	NA	$136.25
Series T	92,500	92,500	925		925		1/30/2014	6.700		3/1/2019	NA	NA	167.50
Series W	88,000	88,000	880		880		6/23/2014	6.300		9/1/2019	NA	NA	157.50
Series Y	143,000	143,000	1,430		1,430		2/12/2015	6.125		3/1/2020	NA	NA	153.13
Series AA	142,500	142,500	1,425		1,425		6/4/2015	6.100		9/1/2020	NA	NA	152.50
Series BB	115,000	115,000	1,150		1,150		7/29/2015	6.150		9/1/2020	NA	NA	153.75
Series DD	169,625	—	1,696		—		9/21/2018	5.750		12/1/2023	NA	NA	111.81	(c)
Fixed-to-floating-rate:
Series I	430,375	600,000	4,304		6,000		4/23/2008	LIBOR + 3.47%		4/30/2018	4/30/2018	LIBOR + 3.47%	$395.00	(d)
													147.34	(d)
													148.45	(d)
													153.09	(d)
Series Q	150,000	150,000	1,500		1,500		4/23/2013	5.150		5/1/2023	5/1/2023	LIBOR + 3.25	257.50
Series R	150,000	150,000	1,500		1,500		7/29/2013	6.000		8/1/2023	8/1/2023	LIBOR + 3.30	300.00
Series S	200,000	200,000	2,000		2,000		1/22/2014	6.750		2/1/2024	2/1/2024	LIBOR + 3.78	337.50
Series U	100,000	100,000	1,000		1,000		3/10/2014	6.125		4/30/2024	4/30/2024	LIBOR + 3.33	306.25
Series V	250,000	250,000	2,500		2,500		6/9/2014	5.000		7/1/2019	7/1/2019	LIBOR + 3.32	250.00
Series X	160,000	160,000	1,600		1,600		9/23/2014	6.100		10/1/2024	10/1/2024	LIBOR + 3.33	305.00
Series Z	200,000	200,000	2,000		2,000		4/21/2015	5.300		5/1/2020	5/1/2020	LIBOR + 3.80	265.00
Series CC	125,750	125,750	1,258		1,258		10/20/2017	4.625		11/1/2022	11/1/2022	LIBOR + 2.58	231.25	(c)
Total preferred stock	2,606,750	2,606,750	$	26,068	$	26,068

(a) Represented by depositary shares.

(b) Dividends on fixed-rate preferred stock are payable quarterly. Dividends on fixed-to-floating-rate preferred stock are payable semiannually while at a fixed rate, and payable quarterly after converting to a floating rate.

(c) Dividend per share is prorated based on the number of days outstanding for the period.

(d) The dividend rate for Series I preferred stock became floating and payable quarterly starting on April 30, 2018; prior to which the dividend rate was fixed at 7.90% or $395.00 per share payable semi annually. The Firm declared a dividend of $147.34, $148.45 and $153.09 per share on outstanding Series I preferred stock on June 15, 2018, September 14, 2018 and December 14, 2018, respectively.

Common shares issued (newly issued or reissuance from treasury) by JPMorgan Chase during the years ended December 31, 2018, 2017 and 2016 were as follows.

Year ended December 31, (in millions)	2018		2017		2016
Total issued – balance at January 1	4,104.9		4,104.9		4,104.9
Treasury – balance at January 1	(679.6	)	(543.7	)	(441.4	)
Repurchase	(181.5	)	(166.6	)	(140.4	)
Reissuance:
Employee benefits and compensation plans	21.7		24.5		26.0
Warrant exercise	9.4		5.4		11.1
Employee stock purchase plans	0.9		0.8		1.0
Total reissuance	32.0		30.7		38.1
Total treasury – balance at December 31	(829.1	)	(679.6	)	(543.7	)
Outstanding at December 31	3,275.8		3,425.3		3,561.2

Schedule of common equity repurchases

The following table sets forth the Firm’s repurchases of common equity for the years ended December 31, 2018, 2017 and 2016. There were no Warrants repurchased during the years ended December 31, 2018, 2017 and 2016.

Year ended December 31, (in millions)	2018		2017		2016
Total number of shares of common stock repurchased	181.5		166.6		140.4
Aggregate purchase price of common stock repurchases	$	19,983	$	15,410	$	9,082