J.P. Morgan Chase & Co. is putting its money to work.
After years of watching rival Wall Street firms plow their own cash into principal investments, the nation's third-largest bank by assets is starting to spend some of its $1.4 trillion balance sheet on itself.
Today, J.P. Morgan is expected to announce plans to invest $200 million of its own money in the entertainment industry. The move is aimed at capitalizing on the bank's powerful franchise in Hollywood, where it and its predecessor companies have been financing films since the era of silent movies.
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As Americans head to the polls in 2024, the very future of our country is at stake. At HuffPost, we believe that a free press is critical to creating well-informed voters. That's why our journalism is free for everyone, even though other newsrooms retreat behind expensive paywalls.
Our journalists will continue to cover the twists and turns during this historic presidential election. With your help, we'll bring you hard-hitting investigations, well-researched analysis and timely takes you can't find elsewhere. Reporting in this current political climate is a responsibility we do not take lightly, and we thank you for your support.
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