whpthomas/finqa-parquet huggingface dataset:
jpmorgan chase & co./2018 form 10-k 41 five-year stock performance the following table and graph compare the five-year cumulative total return for jpmorgan chase & co . ( 201cjpmorgan chase 201d or the 201cfirm 201d ) common stock with the cumulative return of the s&p 500 index , the kbw bank index and the s&p financial index . the s&p 500 index is a commonly referenced equity benchmark in the united states of america ( 201cu.s . 201d ) , consisting of leading companies from different economic sectors . the kbw bank index seeks to reflect the performance of banks and thrifts that are publicly traded in the u.s . and is composed of leading national money center and regional banks and thrifts . the s&p financial index is an index of financial companies , all of which are components of the s&p 500 . the firm is a component of all three industry indices . the following table and graph assume simultaneous investments of $ 100 on december 31 , 2013 , in jpmorgan chase common stock and in each of the above indices . the comparison assumes that all dividends are reinvested . december 31 , ( in dollars ) 2013 2014 2015 2016 2017 2018 .
what was the average uncompounded annual return for jpmorgan chase for the five year period?
december 31 , ( in dollars ) .
3 . dividends from subsidiaries and affiliates cash dividends received from consolidated subsidiaries and from affiliates accounted for by the equity method were as follows ( in millions ) : .
what was the average dividend or cash dividends received from consolidated subsidiaries and from affiliates accounted for by the equity method in millions in 2002?
4 . guarantees and letters of credit guarantees 2014in connection with certain of its project financing , acquisition , and power purchase agreements , the company has expressly undertaken limited obligations and commitments , most of which will only be effective or will be terminated upon the occurrence of future events . these obligations and commitments , excluding those collateralized by letter of credit and other obligations discussed below , were limited as of december 31 , 2003 , by the terms of the agreements , to an aggregate of approximately $ 515 million representing 55 agreements with individual exposures ranging from less than $ 1 million up to $ 100 million . of this amount , $ 147 million represents credit enhancements for non-recourse debt , and $ 38 million commitments to fund its equity in projects currently under development or in construction . letters of credit 2014at december 31 , 2003 , the company had $ 89 million in letters of credit outstanding representing 9 agreements with individual exposures ranging from less than $ 1 million up to $ 36 million , which operate to guarantee performance relating to certain project development and construction activities and subsidiary operations . the company pays a letter of credit fee ranging from 0.5% ( 0.5 % ) to 5.00% ( 5.00 % ) per annum on the outstanding amounts . in addition , the company had $ 4 million in surety bonds outstanding at december 31 , 2003. .
shareholder return performance presentation the graph presented below compares the cumulative total shareholder return on state street's common stock to the cumulative total return of the s&p 500 index and the s&p financial index over a five-year period . the cumulative total shareholder return assumes the investment of $ 100 in state street common stock and in each index on december 31 , 2007 at the closing price on the last trading day of 2007 , and also assumes reinvestment of common stock dividends . the s&p financial index is a publicly available measure of 80 of the standard & poor's 500 companies , representing 26 diversified financial services companies , 22 insurance companies , 17 real estate companies and 15 banking companies . comparison of five-year cumulative total shareholder return .
what is the roi of an investment in state street corporation from 2007 to 2009?
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visa inc . notes to consolidated financial statements 2014 ( continued ) september 30 , 2008 ( in millions , except as noted ) the following table sets forth the use of net proceeds of $ 19.1 billion received in connection with the company 2019s ipo in march 2008: .
what portion of the ipo net proceeds was used for funding the of escrow account?
redemptions class b common stock and class c common stock other than class c ( series ii ) common stock 2014march 2008 in march 2008 , the company completed the required redemption of a portion of the class b common stock and class c ( series i ) common stock . the company used $ 13.4 billion of net proceeds from the ipo to redeem 154738487 shares of class b common stock and 159657751 shares of class c ( series i ) common stock at a redemption price of $ 42.77 per share . after the redemptions and subject to the restrictions set forth in the company 2019s amended and restated certificate of incorporation ( the 201ccharter 201d ) and the conversion and transfer restrictions below , all outstanding shares of class b common stock are convertible into 175367482 shares of class a common stock and 152009651 shares of class c ( series i , iii and iv ) common stock are convertible into shares of class a common stock on a one-to-one basis . as a result of the initial funding of the litigation escrow account , the conversion rate applicable to class b common stock was reduced to approximately 0.71 shares of class a common stock for each share of class b common stock , and the 245513385 shares of class b common stock were convertible into 175367482 shares of class a common stock . the number of shares of class c ( series i , iii and iv ) common stock convertible into shares of class a common stock excludes those class c ( series iii ) common shares that were redeemed in october 2008 , as further described below . class c ( series iii ) common stock and class c ( series ii ) common stock 2014october 2008 as anticipated , in october 2008 , the company used $ 1.508 billion of net proceeds from the ipo for the required redemption of 35263585 shares of class c ( series iii ) common stock at a redemption price of $ 42.77 per share as required by the charter . following the october 2008 redemption , the remaining 27499203 shares of class c ( series iii ) and class c ( series iv ) common stock outstanding automatically converted into shares of class c ( series i ) common stock on a one-to-one basis . the company also used $ 1.146 billion of the net proceeds from the ipo to fund the redemption of all class c ( series ii ) common stock in october 2008 . the redemption price of $ 1.146 billion was adjusted for dividends paid and related interest , par value of related shares redeemed , and the return to visa europe of the class c ( series ii ) common stock subscription receivable outstanding , resulting in a cash payment of $ 1.136 billion . as a result of the execution of the ipo , visa europe had the option to .
december 18 , 2007 , we issued an additional 23182197 shares of common stock to citadel . the issuances were exempt from registration pursuant to section 4 ( 2 ) of the securities act of 1933 , and each purchaser has represented to us that it is an 201caccredited investor 201d as defined in regulation d promulgated under the securities act of 1933 , and that the common stock was being acquired for investment . we did not engage in a general solicitation or advertising with regard to the issuances of the common stock and have not offered securities to the public in connection with the issuances . see item 1 . business 2014citadel investment . performance graph the following performance graph shows the cumulative total return to a holder of the company 2019s common stock , assuming dividend reinvestment , compared with the cumulative total return , assuming dividend reinvestment , of the standard & poor 2019s ( 201cs&p 201d ) 500 and the s&p super cap diversified financials during the period from december 31 , 2002 through december 31 , 2007. .
what was the difference in percentage cumulative total return between e*trade financial corporation and s&p super cap diversified financials for the five years ended 12/07?
2022 $ 100 invested on 12/31/02 in stock or index-including reinvestment of dividends . fiscal year ending december 31 . 2022 copyright a9 2008 , standard & poor 2019s , a division of the mcgraw-hill companies , inc . all rights reserved . www.researchdatagroup.com/s&p.htm .
the contractual maturities of held-to-maturity securities as of january 30 , 2009 were in excess of three years and were $ 31.4 million at cost and $ 28.9 million at fair value , respectively . for the successor year ended january 30 , 2009 and period ended february 1 , 2008 , and the predecessor period ended july 6 , 2007 and year ended february 2 , 2007 , gross realized gains and losses on the sales of available-for-sale securities were not material . the cost of securities sold is based upon the specific identification method . merchandise inventories inventories are stated at the lower of cost or market with cost determined using the retail last-in , first-out ( 201clifo 201d ) method . under the company 2019s retail inventory method ( 201crim 201d ) , the calculation of gross profit and the resulting valuation of inventories at cost are computed by applying a calculated cost-to-retail inventory ratio to the retail value of sales at a department level . costs directly associated with warehousing and distribution are capitalized into inventory . the excess of current cost over lifo cost was approximately $ 50.0 million at january 30 , 2009 and $ 6.1 million at february 1 , 2008 . current cost is determined using the retail first-in , first-out method . the company 2019s lifo reserves were adjusted to zero at july 6 , 2007 as a result of the merger . the successor recorded lifo provisions of $ 43.9 million and $ 6.1 million during 2008 and 2007 , respectively . the predecessor recorded a lifo credit of $ 1.5 million in 2006 . in 2008 , the increased commodity cost pressures mainly related to food and pet products which have been driven by fruit and vegetable prices and rising freight costs . increases in petroleum , resin , metals , pulp and other raw material commodity driven costs also resulted in multiple product cost increases . the company intends to address these commodity cost increases through negotiations with its vendors and by increasing retail prices as necessary . on a quarterly basis , the company estimates the annual impact of commodity cost fluctuations based upon the best available information at that point in time . store pre-opening costs pre-opening costs related to new store openings and the construction periods are expensed as incurred . property and equipment property and equipment are recorded at cost . the company provides for depreciation and amortization on a straight-line basis over the following estimated useful lives: .
what was the percentage change in the excess of current cost over lifo cost from 2008 to 2009 .
improvements of leased properties are amortized over the shorter of the life of the applicable lease term or the estimated useful life of the asset. .
subject to fluctuation and , consequently , the amount realized in the subsequent sale of an investment may differ significantly from its current reported value . fluctuations in the market price of a security may result from perceived changes in the underlying economic characteristics of the issuer , the relative price of alternative investments and general market conditions . the table below summarizes equity investments that are subject to equity price fluctuations at december 31 , 2012 . equity investments are included in other assets in our consolidated balance sheets . ( in millions ) carrying unrealized net of tax .
in 2012 what was the ratio of the bm&fbovespa s.a . fair value to the cost basis
we do not currently hedge against equity price risk . equity investments are assessed for other-than- temporary impairment on a quarterly basis. .
the containerboard group ( a division of tenneco packaging inc. ) notes to combined financial statements ( continued ) april 11 , 1999 5 . pension and other benefit plans ( continued ) the funded status of the group 2019s allocation of defined benefit plans , excluding the retirement plan , reconciles with amounts recognized in the 1998 statements of assets and liabilities and interdivision account as follows ( in thousands ) : actuarial present value at september 30 , 1998 2014 .
unrecognized prior service cost is what percent of prepaid pension cost as of december 31 1998?
the weighted average discount rate used in determining the actuarial present value of the benefit obligations was 7.00% ( 7.00 % ) for the year ended december 31 , 1998 . the weighted average expected long-term rate of return on plan assets was 10% ( 10 % ) for 1998 . middle management employees participate in a variety of incentive compensation plans . these plans provide for incentive payments based on the achievement of certain targeted operating results and other specific business goals . the targeted operating results are determined each year by senior management of packaging . the amounts charged to expense for these plans were $ 1599000 for the period ended april 11 , 1999 . in june , 1992 , tenneco initiated an employee stock purchase plan ( 2018 2018espp 2019 2019 ) . the plan allows u.s . and canadian employees of the group to purchase tenneco inc . common stock through payroll deductions at a 15% ( 15 % ) discount . each year , an employee in the plan may purchase shares with a discounted value not to exceed $ 21250 . the weighted average fair value of the employee purchase right , which was estimated using the black-scholes option pricing model and the assumptions described below except that the average life of each purchase right was assumed to be 90 days , was $ 6.31 for the period ended december 31 , 1998 . the espp was terminated as of september 30 , 1996 . tenneco adopted a new employee stock purchase plan effective april 1 , 1997 . under the respective espps , tenneco sold 36883 shares to group employees for the period ended april 11 , 1999 . in december , 1996 , tenneco adopted the 1996 stock ownership plan , which permits the granting of a variety of awards , including common stock , restricted stock , performance units , stock appreciation rights , and stock options to officers and employees of tenneco . tenneco can issue up to 17000000 shares of common stock under this plan , which will terminate december 31 , 2001 . the april 11 , 1999 , fair market value of the options granted was calculated using tenneco 2019s stock price at the grant date and multiplying the amount by the historical percentage of past black-scholes pricing values fair value ( approximately 25% ( 25 % ) ) . the fair value of each stock option issued by tenneco to the group in prior periods was estimated on the date of grant using the black-sholes option pricing model using the following ranges of weighted average assumptions for grants during the past three .
operating expenses operating expenses were $ 2.9 billion , an increase of 8% ( 8 % ) over 2000 . adjusted for the formation of citistreet , operating expenses grew 10% ( 10 % ) . expense growth in 2001 of 10% ( 10 % ) is significantly lower than the comparable 20% ( 20 % ) expense growth for 2000 compared to 1999 . state street successfully reduced the growth rate of expenses as revenue growth slowed during the latter half of 2000 and early 2001 . the expense growth in 2001 reflects higher expenses for salaries and employee benefits , as well as information systems and communications . o p e r a t i n g e x p e n s e s ( dollars in millions ) 2001 2000 1999 change adjusted change 00-01 ( 1 ) .
what was the value , in billions of dollars , of operating expenses in 2000?
( 1 ) 2000 results adjusted for the formation of citistreet expenses related to salaries and employee benefits increased $ 139million in 2001 , or $ 163millionwhen adjusted for the formation of citistreet . the adjusted increase reflects more than 2100 additional staff to support the large client wins and new business from existing clients and acquisitions . this expense increase was partially offset by lower incentive-based compensation . information systems and communications expense was $ 365 million in 2001 , up 20% ( 20 % ) from the prior year . adjusted for the formation of citistreet , information systems and communications expense increased 22% ( 22 % ) . this growth reflects both continuing investment in software and hardware , aswell as the technology costs associated with increased staffing levels . expenses related to transaction processing services were $ 247 million , down $ 21 million , or 8% ( 8 % ) . these expenses are volume related and include external contract services , subcustodian fees , brokerage services and fees related to securities settlement . lower mutual fund shareholder activities , and lower subcustodian fees resulting from both the decline in asset values and lower transaction volumes , drove the decline . occupancy expensewas $ 229million , up 15% ( 15 % ) . the increase is due to expenses necessary to support state street 2019s global growth , and expenses incurred for leasehold improvements and other operational costs . other expenses were $ 363 million , up $ 17 million , or 5% ( 5 % ) . these expenses include professional services , advertising and sales promotion , and internal operational expenses . the increase over prior year is due to a $ 21 million increase in the amortization of goodwill , primarily from acquisitions in 2001 . in accordance with recent accounting pronouncements , goodwill amortization expense will be eliminated in 2002 . state street recorded approximately $ 38 million , or $ .08 per share after tax , of goodwill amortization expense in 2001 . state street 2019s cost containment efforts , which reduced discretionary spending , partially offset the increase in other expenses . state street corporation 9 .
a reconciliation of the beginning and ending amount of unrecognized tax benefits , for the periods indicated , is as follows: .
what was the percent change in net expense in interest and penalties between 2008 and 2009?
the entire amount of the unrecognized tax benefits would affect the effective tax rate if recognized . in 2010 , the company favorably settled a 2003 and 2004 irs audit . the company recorded a net overall tax benefit including accrued interest of $ 25920 thousand . in addition , the company was also able to take down a $ 12356 thousand fin 48 reserve that had been established regarding the 2003 and 2004 irs audit . the company is no longer subject to u.s . federal , state and local or foreign income tax examinations by tax authorities for years before 2007 . the company recognizes accrued interest related to net unrecognized tax benefits and penalties in income taxes . during the years ended december 31 , 2010 , 2009 and 2008 , the company accrued and recognized a net expense ( benefit ) of approximately $ ( 9938 ) thousand , $ 1563 thousand and $ 2446 thousand , respectively , in interest and penalties . included within the 2010 net expense ( benefit ) of $ ( 9938 ) thousand is $ ( 10591 ) thousand of accrued interest related to the 2003 and 2004 irs audit . the company is not aware of any positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly increase or decrease within twelve months of the reporting date . for u.s . income tax purposes the company has foreign tax credit carryforwards of $ 55026 thousand that begin to expire in 2014 . in addition , for u.s . income tax purposes the company has $ 41693 thousand of alternative minimum tax credits that do not expire . management believes that it is more likely than not that the company will realize the benefits of its net deferred tax assets and , accordingly , no valuation allowance has been recorded for the periods presented . tax benefits of $ 629 thousand and $ 1714 thousand related to share-based compensation deductions for stock options exercised in 2010 and 2009 , respectively , are included within additional paid-in capital of the shareholders 2019 equity section of the consolidated balance sheets. .
five-year performance comparison 2013 the following graph provides an indicator of cumulative total shareholder returns for the corporation as compared to the peer group index ( described above ) , the dj trans , and the s&p 500 . the graph assumes that $ 100 was invested in the common stock of union pacific corporation and each index on december 31 , 2010 and that all dividends were reinvested . the information below is historical in nature and is not necessarily indicative of future performance . purchases of equity securities 2013 during 2015 , we repurchased 36921641 shares of our common stock at an average price of $ 99.16 . the following table presents common stock repurchases during each month for the fourth quarter of 2015 : period total number of shares purchased [a] average price paid per share total number of shares purchased as part of a publicly announced plan or program [b] maximum number of shares remaining under the plan or program [b] .
for the fourth quarter ended december 31 , 2015 what was the percent of the total number of shares purchased in november
[a] total number of shares purchased during the quarter includes approximately 32086 shares delivered or attested to upc by employees to pay stock option exercise prices , satisfy excess tax withholding obligations for stock option exercises or vesting of retention units , and pay withholding obligations for vesting of retention shares . [b] effective january 1 , 2014 , our board of directors authorized the repurchase of up to 120 million shares of our common stock by december 31 , 2017 . these repurchases may be made on the open market or through other transactions . our management has sole discretion with respect to determining the timing and amount of these transactions. .