regulatory
confidence high
sentiment positive
materiality 0.85
JPMorgan Chase plans dividend increase to $1.25, $30B buyback; Fed preliminary SCB 3.3%
JPMORGAN CHASE & CO
- Intended quarterly common dividend to $1.25 (from $1.15) for Q3 2024, subject to board approval.
- Board authorized new $30B common share repurchase program effective July 1, 2024.
- Preliminary Stress Capital Buffer set at 3.3% (up from 2.9%); CET1 ratio requirement 12.3% (up from 11.9%).
- Final SCB from Federal Reserve by Aug 31, 2024, effective Oct 1, 2024.
- Firm notes SCB could be modestly higher if Fed modifies stress results.