JPMorgan Chase & Co. Names Doug Petno and Troy Rohrbaugh as Co-Presidents
Key takeaways
- Names Doug Petno and Troy Rohrbaugh as Co-Presidents Noor Ul Ain Rehman Sun, June 28, 2026 at 1:36 AM GMT+7 2 min read JPM JPMorgan Chase & Co.
- (NYSE:JPM) announced on June 24 that its Board of Directors intends to increase the quarterly common stock dividend to $1.65 per share, up from the current $1.50 per share, for fiscal Q3 2026.
- (NYSE:JPM) is a financial holding company that provides financial and investment banking services.
JPMorgan Chase & Co. Names Doug Petno and Troy Rohrbaugh as Co-Presidents Noor Ul Ain Rehman Sun, June 28, 2026 at 1:36 AM GMT+7 2 min read JPM JPMorgan Chase & Co. (NYSE:JPM) is one of the safe stocks for beginners to buy in 2026. JPMorgan Chase & Co. announced on June 25 the naming of Doug Petno and Troy Rohrbaugh, Co-CEOs of the Commercial & Investment Bank, as Co-Presidents of the company, effective immediately. The company stated that in addition to the new roles, Petno will become the sole CEO of the CIB, and Rohrbaugh will become the CEO of Consumer and Community Banking. It added that promotions of Petno and Rohrbaugh to Co-Presidents and sole CEOs of the company's two largest businesses mark a significant step in the Board's ongoing succession planning process to ensure "continued exceptional leadership at the highest levels of the company".
In a separate development, JPMorgan Chase & Co. (NYSE:JPM) announced on June 24 that its Board of Directors intends to increase the quarterly common stock dividend to $1.65 per share, up from the current $1.50 per share, for fiscal Q3 2026. It added that the firm's quarterly common stock dividends are "subject to approval by the Board of Directors at the customary times that those dividends are declared".
JPMorgan Chase & Co. (NYSE:JPM) is a financial holding company that provides financial and investment banking services. Its operations are divided into the following segments: Consumer and Community Banking (CCB), Commercial and Investment Banking (CIB), Asset and Wealth Management (AWM), and Corporate.