A deal with shareholder activists will allow JPMorgan Chase & Co to avoid another battle at its spring shareholder meeting over whether the bank should have an independent chairman, a person briefed on the matter said on Thursday. In exchange for the withdrawal of a shareholder proposal the bank agreed to develop some type of public event on the criteria boards should use in setting up the roles of chairman and chief executive, this person said, speaking on condition of anonymity because the news has not been officially announced.
JPMorgan Chase & Co. (JPMorgan Chase) is a financial holding company. Shares of JPM traded higher by 0.56% or $0.32/share to $57.58. In the past year, the shares have traded as low as $46.05 and as high as $59.82. On average, 17859800 shares of JPM exchange hands on a given day and today's volume is recorded at 12455299.
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