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JPMorgan unlikely to redeem preferred shares despite discounts and past Series KK redemption

Market News
25 Sep 2026
Seeking Alpha
View Source
Neutral
JPMorgan unlikely to redeem preferred shares despite discounts and past Series KK redemption

JPMorgan Chase recently redeemed its Series KK preferred shares as a cost-saving measure due to their reset feature. However, the bank is unlikely to redeem other publicly traded preferred shares, which lack reset features and have coupons below current market rates. This means investors can benefit from attractive yields and discounts, but should not expect immediate capital gains from redemptions. The focus should be on yield and discount when choosing JPM's preferred shares.

JPMorgan preferred shares are the subject, with Pluang's Financials sector data providing market context. As of Sep 25, 2026 20:51 WIB, 46 of 85 priced Financials-sector US stocks rose while 35 fell. Notable movers include BTBT at USD 1.74 with a 1-day change of -2.79%, WULF at USD 15.85 down 2.70%, and HUT at USD 98.95 down 2.55%.

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