Cravath represented the underwriters, led by J.P. Morgan Securities, in connection with the US$2 billion offering of depositary shares representing preferred stock of JPMorgan Chase & Co., a leading global financial services firm and one of the largest banking institutions in the United States. The transaction closed on January 22, 2014.

The Cravath team included partner William V. Fogg, senior attorney G. Douglas Johnson and associate Jennifer L. Tanaka.