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VALLETTA, Malta , May 21, 2024 /PRNewswire/ -- Kindred Group plc (Kindred) hereby announces that it, on 20 May 2024, has received a notification of major holding from JPMorgan Chase & Co, a company with its registered office in Wilmington, Delaware, USA. The notification refers to an increased number of shares and voting rights in Kindred held by JPMorgan Chase & Co. According to the notification, JPMorgan Chase & Co holds 5.07% of the shares and voting rights in Kindred as of 17 May 2024.
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NEW YORK--(BUSINESS WIRE)--JPMorgan Chase & Co. (NYSE: JPM) (“JPMorgan Chase” or the “Firm”) declared a quarterly dividend on the outstanding shares of the common stock of JPMorgan Chase. Information can be found on the Firm’s Investor Relations website at https://www.jpmorganchase.com/ir/news. JPMorgan Chase & Co. (NYSE: JPM) is a leading financial services firm based in the United States of America (“U.S.”), with operations worldwide. JPMorgan Chase had $4.1 trillion in assets and $337 billion in stockholders’ equity as of March 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 www.jpmorganchase.
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Shares of Chase Corp. CCF, -1.05% rallied more than 5% in the extended session Friday after The Wall Street Journal reported that the specialty-chemicals maker is working with advisers on a potential sale. According to the report, which cited people familiar with the matter, Chase has received multiple bids from private-equity firms and other industrial companies.
Pritzker Private Capital and others have submitted bids.
Chase Corporation reported robust revenues, earnings, and free cash flows, despite the challenging economic environment. The acquisition of NuCera Solutions played a significant role in the company's growth, but there were also signs of improvement in market conditions.
Chase Corporation is a high-quality small-cap company that remains unknown to many investors. The company has a strong balance sheet, has grown at 8% per year over the last 10 years, and generates consistent cash flows that are effectively reinvested into the company.
Chase Corporation has long been a hidden gem in the industrial space. Shares have been trading stagnant for years, as multiples have come down over time.