HALISTER: JPMorgan Plans $10.6b Buyback, Maintains Qtr Div. at 48c/Shr

JPMorgan Plans $10.6b Buyback, Maintains Qtr Div. at 48c/Shr

(Bloomberg) -- JPMorgan Chase capital plan calls for as much as $10.6b in common equity repurchases between July 1, 2016, and June 30, 2017.
  • JPM shares rise 1.5% post-market
  • NOTE: JPM market cap ~$223.8b
    • Earlier, Fed Faults Morgan Stanley CCAR Plan; 31 Banks Pass Stress Tests; CCAR PREVIEW: Large-Cap Banks Set Up Well After Strong DFAST
Statement
Alert: HALISTER
Source: BFW (Bloomberg First Word)

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JPM US (JPMorgan Chase & Co)

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