JPMorgan unveils $50 billion buyback, 10% dividend raise after Fed stress test
JPMorgan Chase authorized a $50 billion share repurchase program and raised its quarterly dividend 10% to $1.65 per share after the Federal Reserve's annual stress test found all 32 large banks remained above minimum capital requirements.
JPMorgan Chase authorized a $50 billion share repurchase program effective July 1 and raised its quarterly dividend 10% to $1.65 per share, subject to board approval, after the Federal Reserve's 2026 Comprehensive Capital Analysis and Review found the nation's largest banks well capitalized under stress scenarios [1]. Goldman Sachs raised its quarterly dividend 11% to $5.00 per share beginning July 1, representing an increase from $4.50 per share [2].
The Federal Reserve's annual stress test found all 32 large banks remained above minimum capital requirements even after a hypothetical recession generating more than $708 billion in projected losses across the industry [1]. Unlike prior years, the results will not affect banks' capital requirements, as the Fed said earlier this year it would keep stress capital buffers unchanged through 2027 while overhauling testing methodology.
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