Summary
JPMorgan Chase & Co. (JPM) filed an 8-K on March 7, 2013, to disclose the results of its "Company-Run" 2013 Dodd-Frank Act Stress Test (DFAST). This report is furnished under Regulation FD and is not considered "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, nor incorporated by reference into other SEC filings. The stress test results are based on the Federal Reserve Board's hypothetical "severely adverse" economic scenario provided in November 2012.
Key Highlights
- 1JPM released its 2013 Dodd-Frank Act Stress Test (DFAST) results on March 7, 2013.
- 2The stress test results are based on the Federal Reserve's "severely adverse" scenario.
- 3The disclosure was made via a press release (Exhibit 99.1) and the stress test disclosure document (Exhibit 99.2).
- 4The information furnished is not deemed "filed" for liability purposes under Section 18 of the Exchange Act.
- 5Investors are cautioned not to infer the Federal Reserve's judgment on JPM's capital plan from these stress test results alone.
- 6The Federal Reserve will publicly announce its decision on JPM's capital plan and actions on March 14, 2013.