Peter Scher net worth and biography

Peter Scher Biography and Net Worth

Peter L. Scher is Vice Chairman of JPMorgan Chase & Co. and a member of the firm’s Operating Committee.

Scher is the firm’s senior business executive for the Mid-Atlantic Region — one of the largest economic regions in the United States — and oversees the firm’s global Corporate Responsibility department, including its public policy efforts, the J.P. Morgan International Council and Morgan Health, a new business unit focused on improving the quality of healthcare for the firm’s employees and creating new models for employer-based healthcare.

Scher led the firm’s $200 million investment in the revitalization of Detroit, which has been featured on 60 Minutes, profiled by Fortune Magazine in ranking JPMorgan Chase number one on its list of companies “Changing the World” and chronicled by Harvard Business School as a case study for inclusive capitalism. Inside Philanthropy also named JPMorgan Chase Corporate Funder of the Year for its response to the COVID-19 pandemic and racial unrest, describing the firm’s as “always strategic and substantial.”

Business Insider named Scher as one of 10 people “transforming how we think about capitalism” and Washington Life Magazine called him one of the most influential people in the U.S. Capitol. The Washington Business Journal recognized him as one of the top business executives in the Washington, D.C. region.

Prior to joining JPMorgan Chase, Scher was the Managing Partner of the Washington, D.C. office of law firm Mayer Brown LLP and earlier served as the Chairman of their Government and Global Trade Practice. He was selected by Chambers USA as one of the “Leading Lawyers,” recognized for his “depth of understanding” about international markets.

Scher spent nearly a decade in public service. Nominated by President Clinton, he was confirmed by the United States Senate as U.S. Special Trade Ambassador and served as one of the lead U.S. negotiators on China's entry into the World Trade Organization. He previously served as the Chief of Staff for the U.S. Trade Representative and the U.S. Department of Commerce, Staff Director for the Senate Committee on Environment and Public Works and Chief of Staff to former U.S. Senator Max Baucus.

Scher is a founder and the Chairman of the Greater Washington Partnership and serves on the Board of Trustees of American University and a member of the Board of Directors of the Economic Club of Washington, D.C., the Council on Foreign Relations and the Policy Advisory Board of the Biden Institute at the University of Delaware School of Public Policy.  

Scher received his B.A. from American University and his J.D. from American’s Washington College of Law.

What is Peter Scher's net worth?

The estimated net worth of Peter Scher is at least $6.22 million as of May 15th, 2023. Mr. Scher owns 45,056 shares of JPMorgan Chase & Co. stock worth more than $6,221,783 as of June 1st. This net worth evaluation does not reflect any other assets that Mr. Scher may own. Learn More about Peter Scher's net worth.

How do I contact Peter Scher?

The corporate mailing address for Mr. Scher and other JPMorgan Chase & Co. executives is 383 MADISON AVENUE, NEW YORK NY, 10179. JPMorgan Chase & Co. can also be reached via phone at (212) 270-6000 and via email at [email protected]. Learn More on Peter Scher's contact information.

Has Peter Scher been buying or selling shares of JPMorgan Chase & Co.?

During the last ninety days, Peter Scher has sold $167,424.80 in shares of JPMorgan Chase & Co. stock. Most recently, Peter Scher sold 1,240 shares of the business's stock in a transaction on Monday, May 15th. The shares were sold at an average price of $135.02, for a transaction totalling $167,424.80. Following the completion of the sale, the insider now directly owns 45,056 shares of the company's stock, valued at $6,083,461.12. Learn More on Peter Scher's trading history.

Who are JPMorgan Chase & Co.'s active insiders?

JPMorgan Chase & Co.'s insider roster includes Ashley Bacon (Insider), Stephen Burke (Director), Reginald Chambers (CFO & Head of Strategy for Commercial Banking), James Dimon (Chairman & CEO ), Mary Erdoes (CEO), Stacey Friedman (General Counsel), Nicole Giles (Insider), Mellody Hobson (Director), Marianne Lake (EVP), Douglas Petno (CEO), Jennifer Piepszak (CFO), Daniel Pinto (CEO), Peter Scher (EVP), and Gordon Smith (CEO). Learn More on JPMorgan Chase & Co.'s active insiders.

Are insiders buying or selling shares of JPMorgan Chase & Co.?

During the last year, JPMorgan Chase & Co. insiders bought shares 2 times. They purchased a total of 3,704 shares worth more than $61,367.87. During the last year, insiders at the financial services provider sold shares 11 times. They sold a total of 216,429 shares worth more than $28,795,434.49. The most recent insider tranaction occured on May, 15th when insider Ashley Bacon sold 16,766 shares worth more than $2,263,410.00. Insiders at JPMorgan Chase & Co. own 0.8% of the company. Learn More about insider trades at JPMorgan Chase & Co..

Information on this page was last updated on 5/15/2023.

Peter Scher Insider Trading History at JPMorgan Chase & Co.

Transaction DateBuy/SellNumber of SharesAverage Share PriceTotal TransactionShares Held After TransactionDetails
5/15/2023Sell1,240$135.02$167,424.8045,056View SEC Filing Icon  
1/17/2023Sell4,399$140.32$617,267.6836,369View SEC Filing Icon  
10/26/2022Sell1,310$125.02$163,776.2034,973View SEC Filing Icon  
1/15/2020Sell21,949$137.11$3,009,427.3926,525View SEC Filing Icon  
7/18/2019Sell10,816$115.00$1,243,840.00View SEC Filing Icon  
1/29/2019Sell18,679$105.00$1,961,295.0023,471View SEC Filing Icon  
1/19/2018Sell26,532$113.42$3,009,259.44View SEC Filing Icon  
1/16/2018Sell17,057$112.20$1,913,795.4015,310View SEC Filing Icon  
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Peter Scher Buying and Selling Activity at JPMorgan Chase & Co.

This chart shows Peter Scher's buying and selling at JPMorgan Chase & Co. by year and by quarter.

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JPMorgan Chase & Co. Company Overview

JPMorgan Chase & Co. logo
JPMorgan Chase & Co. is a financial holding company, which engages in providing financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research. It operates through the following business segments: Corporate and Investment Bank (CIB), Consumer and Community Banking (CCB), Commercial Banking (CB), and Asset and Wealth Management (AWM). The CIB segment offers a suite of investment banking, market-making, prime brokerage, and treasury and securities products and services to a global client base of corporations, investors, financial institutions, governments, and municipal entities. The CCB segment serves consumers and businesses through personal service at bank branches and through automated teller machines, online, mobile, and telephone banking. The CB segment provides comprehensive financial solutions, including lending, wholesale payments, investment banking and asset management products for middle market banki
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Today's Range

Now: $137.57
Low: $135.45
High: $138.23

50 Day Range

MA: $134.60
Low: $124.91
High: $141.40

2 Week Range

Now: $137.57
Low: $101.28
High: $144.34

Volume

12,246,520 shs

Average Volume

12,773,571 shs

Market Capitalization

$402.02 billion

P/E Ratio

10.15

Dividend Yield

2.91%

Beta

1.1