JPMorgan Chase said its Board intends to increase the quarterly common stock dividend in Q3 2024 from $1.15 to $1.25 per share. The company said the dividends are subject to Board approval at the customary times they are declared.

8-KOther EventsFiled Jun 28, 2024Period of report Jun 28, 2024Summary published (UTC) Oct 26, 2026

Key points

AI summary

JPMorgan Chase said its Board intends to increase the quarterly common stock dividend in Q3 2024 from $1.15 to $1.25 per share. The company said the dividends are subject to Board approval at the customary times they are declared.
The company said its Board approved a new common share repurchase program of $30 billion, effective July 1, 2024. It said the repurchase authorization will be used at management's discretion, and that the timing and exact number of shares repurchased will depend on various considerations.
The company said the preliminary Stress Capital Buffer requirement provided by the Federal Reserve is 3.3% (currently 2.9%), and the Standardized CET1 capital ratio requirement including regulatory buffers is 12.3% (currently 11.9%). The final requirement will be provided by August 31, 2024 and will be in effect from October 1, 2024 to September 30, 2025.
The company said the Standardized CET1 capital ratio requirement would likely be modestly higher than 12.3% should the Federal Reserve modify the Firm's stress results. It said its capital planning already accounts for the variability of the SCB requirement, so it does not expect significant changes to its overall capital planning.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Intends to Raise Quarterly Dividend

JPMorgan Chase said its Board intends to increase the quarterly common stock dividend in Q3 2024 from $1.15 to $1.25 per share. The company said the dividends are subject to Board approval at the customary times they are declared.

Source · Based on the filing body and exhibits

Board Authorizes New $30 billion Share Repurchase

The company said its Board approved a new common share repurchase program of $30 billion, effective July 1, 2024. It said the repurchase authorization will be used at management's discretion, and that the timing and exact number of shares repurchased will depend on various considerations.

Source · Based on the filing body and exhibits

Preliminary Stress Capital Buffer Requirement

The company said the preliminary Stress Capital Buffer requirement provided by the Federal Reserve is 3.3% (currently 2.9%), and the Standardized CET1 capital ratio requirement including regulatory buffers is 12.3% (currently 11.9%). The final requirement will be provided by August 31, 2024 and will be in effect from October 1, 2024 to September 30, 2025.

Source · Based on the filing body and exhibits

Capital Planning and Stress Loss Commentary

The company said the Standardized CET1 capital ratio requirement would likely be modestly higher than 12.3% should the Federal Reserve modify the Firm's stress results. It said its capital planning already accounts for the variability of the SCB requirement, so it does not expect significant changes to its overall capital planning.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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