business
J.P. Morgan unleashes $50 billion buyback after stress test
Key takeaways
- All 32 of the nation's largest banks survived the hypothetical downturn, absorbing more than $708 billion in projected losses while maintaining minimum capital levels.
- Morgan confirmed a 10% increase in its quarterly dividend and authorized a new $50 billion stock buyback program starting July 1.
- Morgan's board intends to increase the quarterly dividend to $1.65 per share from $1.50, beginning in the third quarter of 2026, the company noted in a press release.
J.P. Morgan unleashes $50 billion buyback after stress test Damilola Esebame Tue, June 30, 2026 at 12:17 AM GMT+7 5 min read JPM The annual stress test modeled a sharp economic shock, including steep declines in commercial real estate and home prices, with unemployment surging to 10%, the Fed detailed in its results.
All 32 of the nation's largest banks survived the hypothetical downturn, absorbing more than $708 billion in projected losses while maintaining minimum capital levels.
Within hours, J.P. Morgan confirmed a 10% increase in its quarterly dividend and authorized a new $50 billion stock buyback program starting July 1.
Article preview — originally published by Yahoo Finance. Full story at the source.
Read full story on Yahoo Finance →
More top stories
Also covered by
Aggregated and edited by the Scoop newsroom. We surface news from Yahoo Finance alongside other reporting so you can compare coverage in one place.
Editorial policy · Corrections · About Scoop