Technology

Art

JPMorgan Chase announces $50 billion buyback and 10% dividend hike after Fed stress test

Hugh Son

13d ago· 2 min readenNews

finance business

Summary

JPMorgan Chase announced a new $50 billion share buyback program and a 10% increase in its quarterly dividend to $1.65 per share, following the Federal Reserve's annual stress test which confirmed that all 32 major banks remain well capitalized under a hypothetical recession scenario. The buyback program takes effect July 1, subject to board approval.

Source

bskyJPMorgan Chase announces $50 billion buyback and 10% dividend hike after Fed stress testcnbc.com

Key quotes

· 2 pulled

The Board's intended dividend increase is supported by our consistent investment in our business and strong financial performance.

As always, we are prepare

Snippet from the RSS feed

The announcements followed the release of the Federal Reserve's annual stress test, which found that all 32 large banks weathered a hypothetical recession.

You might also wanna read

Strategy Inc. Unveils Digital Credit Capital Framework, Authorizes Up to $1.25B in Bitcoin Sales for Dividends and Buybacks

Strategy Inc. (MSTR) announced a major capital management overhaul called the Digital Credit Capital Framework, which includes a board-appro

zerohedge.com·9d ago

JPMorgan Chase announces $50 billion buyback and 10% dividend hike after Fed stress test

Summary

Source

Key quotes

You might also wanna read

Strategy Inc. Unveils Digital Credit Capital Framework, Authorizes Up to $1.25B in Bitcoin Sales for Dividends and Buybacks

Apple’s $100 Billion Buyback Machine Keeps Wall Street Watching

SambaNova closes USD $1 billion round at USD $11bn

JPMorganChase Investment Banking Targets Smaller Clients

Coca-Cola Just Raised Its Dividend for the 64th Year in a Row. Here’s What $10,000 Invested 20 Years Ago Is Worth Now.

JEPI vs. JEPQ: Which Is the Better Buy in July?

Comments