Latest news with #JPM
Globe and Mail
8 hours ago
- Business
- Globe and Mail
JPM Announces Dividend Hike & Share Buyback Plan: Sustainable or Not?
After last week's clearance of the annual stress test, JPMorgan JPM, the largest U.S bank, announced a plan to increase its quarterly dividend and authorized a new share repurchase program. Subject to approval by the board of directors, JPM intends to declare a quarterly dividend of $1.50 per share in the third quarter of 2025, representing a rise of 7% from the prior payout. Before this, the company had hiked its dividend by 12% in March 2025 and by 9% in September 2024. Over the past five years, the company has increased dividends five times, at an annualized growth rate of 6.8%. JPMorgan's Historical Dividend Trend Moreover, JPMorgan authorized a new share repurchase plan of $50 billion, effective immediately. This program replaces the 2024 share buyback authorization of $30 billion, which had approximately $11.7 billion remaining as of March 31, 2025. JPMorgan cleared this year's stress test impressively. The company's projected common equity tier 1 (CET1) ratio was a solid 14.2%, well-above the minimum requirement of 4.5%. This indicates that the bank can withstand a severe recession with plenty of capital on hand to absorb hundreds of billions of dollars in losses. JPM's fortress balance sheet, with ample capital and liquidity, helps it stay profitable and deliver value to shareholders. As of March 31, 2025, the company had total debt of $471.9 billion, and cash and due from banks and deposits with banks were $425.9 billion on the same date. Hence, given a strong capital position and earnings strength, the company should be able to sustain enhanced capital distributions. Where Do JPM's Peers Stand in Terms of Capital Distributions? Apart from JPMorgan, several other banks, including Bank of America BAC and Goldman GS, announced their new/enhanced capital plans after clearing the 2025 stress test. Bank of America plans to raise its quarterly dividend by 8% to 28 cents per share, beginning in the third quarter of 2025. Like JPM, the company cleared this year's stress test with its projected CET1 capital ratio of 10.2%. Over the past five years, the bank has announced an increase in dividends four times. Goldman intends to hike its quarterly dividend 33% to $4 per share, subject to approval by the board of directors. Similar to JPMorgan and BAC, Goldman's projected CET1 capital ratio was a solid 12.3% as it cleared the 2025 stress test. The company raised its dividend four times over the past five years. JPMorgan's Price Performance, Valuation and Estimates JPMorgan shares have soared 21.2% this year, outperforming the S&P 500 Index gain of 4.8%. YTD Price Performance Image Source: Zacks Investment Research From a valuation standpoint, JPM trades at a 12-month trailing price-to-tangible book (P/TB) of 3.07X, above the industry average. P/TB Image Source: Zacks Investment Research Moreover, the Zacks Consensus Estimate for JPMorgan's 2025 earnings implies a decline of 6% on a year-over-year basis, while 2026 earnings are expected to grow at a rate of 5.3%. In the past week, earnings estimates for 2025 have moved marginally upward, while for 2026, it has remained unchanged. Earnings Estimates Image Source: Zacks Investment Research JPM currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Zacks' Research Chief Names "Stock Most Likely to Double" Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest. This top pick is a little-known satellite-based communications firm. Space is projected to become a trillion dollar industry, and this company's customer base is growing fast. Analysts have forecasted a major revenue breakout in 2025. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Hims & Hers Health, which shot up +209%. Free: See Our Top Stock And 4 Runners Up Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. The Goldman Sachs Group, Inc. (GS): Free Stock Analysis Report Bank of America Corporation (BAC): Free Stock Analysis Report JPMorgan Chase & Co. (JPM): Free Stock Analysis Report
Globe and Mail
a day ago
- Business
- Globe and Mail
JPMorganChase Regulatory Capital Update
JPMorgan Chase & Co. (NYSE: JPM) ('JPMorganChase' or the 'Firm') has announced updated information relating to its third quarter dividend, common share repurchase program and regulatory capital requirements. Information can be found on the Firm's Investor Relations website at JPMorgan Chase & Co. (NYSE: JPM) is a leading financial services firm based in the United States of America ('U.S.'), with operations worldwide. JPMorganChase had $4.4 trillion in assets and $351 billion in stockholders' equity as of March 31, 2025. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management. Under the J.P. Morgan and Chase brands, the Firm serves millions of customers in the U.S., and many of the world's most prominent corporate, institutional and government clients globally. Information about JPMorgan Chase & Co. is available at
Wall Street Journal
a day ago
- Business
- Wall Street Journal
JPMorgan Chase Ups Dividend, Approves $50 Billion Buyback After Stress Test
JPMorgan Chase JPM 0.17%increase; green up pointing triangle boosted its quarterly dividend and authorized a new $50 billion share repurchase program. The dividend was raised 7.1% to $1.50 from $1.40, the company said Tuesday. The new payout, equal to $6 a year, represents an annual yield of about 2.1% based on its latest closing price of $290.41.
Business Wire
a day ago
- Business
- Business Wire
JPMorganChase Announces 2025 Dodd-Frank Act Stress Test Results
NEW YORK--(BUSINESS WIRE)--JPMorgan Chase & Co. (NYSE: JPM) ('JPMorganChase' or the 'Firm') announced today that it has released the results of its company-run 2025 Dodd-Frank Act Stress Test for JPMorganChase and JPMorgan Chase Bank, National Association. Information can be found on the Firm's website at under Investor Relations, Events & Presentations. JPMorgan Chase & Co. (NYSE: JPM) is a leading financial services firm based in the United States of America ('U.S.'), with operations worldwide. JPMorganChase had $4.4 trillion in assets and $351 billion in stockholders' equity as of March 31, 2025. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management. Under the J.P. Morgan and Chase brands, the Firm serves millions of customers in the U.S., and many of the world's most prominent corporate, institutional and government clients globally. Information about JPMorgan Chase & Co. is available at
Business Wire
a day ago
- Business
- Business Wire
JPMorganChase Regulatory Capital Update
NEW YORK--(BUSINESS WIRE)--JPMorgan Chase & Co. (NYSE: JPM) ('JPMorganChase' or the 'Firm') has announced updated information relating to its third quarter dividend, common share repurchase program and regulatory capital requirements. Information can be found on the Firm's Investor Relations website at JPMorgan Chase & Co. (NYSE: JPM) is a leading financial services firm based in the United States of America ('U.S.'), with operations worldwide. JPMorganChase had $4.4 trillion in assets and $351 billion in stockholders' equity as of March 31, 2025. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management. Under the J.P. Morgan and Chase brands, the Firm serves millions of customers in the U.S., and many of the world's most prominent corporate, institutional and government clients globally. Information about JPMorgan Chase & Co. is available at
