Dividend Increase: JPMorgan Chase Board plans to raise quarterly common stock dividend to $1.25 per share (up from $1.15) for Q3 2024, pending Board approval.
Share Repurchase Program: New $30 billion common share repurchase program authorized, effective July 1, 2024. Repurchases to be made at management’s discretion.
Firm Overview: JPMorgan Chase, a leading U.S.-based financial services firm, reported $4.1 trillion in assets and $337 billion in stockholders’ equity as of March 31, 2024. Jamie Dimon, CEO, highlights strong financial performance, sustainable capital distribution, and a flexible share repurchase program for Q3. Emphasizes firm’s resilience and preparation for various market conditions.