Stock Market News

JPMorgan Chase Maintains Dividend After Stress Test

2022.06.28 04:30

JPMorgan Chase Maintains Dividend After Stress Test
JPMorgan Chase Maintains Dividend After Stress Test

By Davit Kirakosyan

JPMorgan Chase & Co. (NYSE:JPM) maintained its dividend after it completed the Federal Reserve’s 2022 Comprehensive Capital Analysis and Review (CCAR) stress test process.

In light of higher future capital requirements, the company’s Board of Directors plans to maintain the current quarterly common stock dividend of $1.00 per share for Q3/22.

Jamie Dimon, Chairman and CEO of JPMorgan Chase said: “The Federal Reserve’s 2022 CCAR stress test once again shows that banks are able to be a source of strength for the broader economy while withstanding extreme market shocks. We continue to maintain a fortress balance sheet including robust governance and controls, strong revenue growth and profit margins, and we remain committed to serving our clients and customers. We will continue to use our capital to invest in and grow our market-leading businesses, pay a sustainable dividend, and we will retain capital to fully satisfy our future regulatory requirements.”

The Fed is expected to provide the company with its final Stress Capital Buffer (SCB) requirement by August 31, and that requirement will become effective on October 1 and remain in effect until September 30.

The company’s indicative SCB requirement is 4% (up from the current 3.2%) and the standardized Common Equity Tier 1 capital ratio requirement including regulatory buffers is 12% (up from the current 11.2%).

Source

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 93,506.05 0.19%
ethereum
Ethereum (ETH) $ 3,430.49 1.46%
tether
Tether (USDT) $ 1.00 0.23%
solana
Solana (SOL) $ 234.14 0.25%
bnb
BNB (BNB) $ 621.28 2.31%
xrp
XRP (XRP) $ 1.41 0.24%
dogecoin
Dogecoin (DOGE) $ 0.396979 0.52%
usd-coin
USDC (USDC) $ 1.00 0.16%
cardano
Cardano (ADA) $ 0.977574 2.68%
staked-ether
Lido Staked Ether (STETH) $ 3,434.83 1.42%
avalanche-2
Avalanche (AVAX) $ 43.04 5.10%
tron
TRON (TRX) $ 0.199957 1.09%
the-open-network
Toncoin (TON) $ 6.30 3.06%
wrapped-steth
Wrapped stETH (WSTETH) $ 4,057.96 0.87%
shiba-inu
Shiba Inu (SHIB) $ 0.000025 0.33%
stellar
Stellar (XLM) $ 0.466216 0.72%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 93,498.05 0.11%
polkadot
Polkadot (DOT) $ 8.27 1.40%
chainlink
Chainlink (LINK) $ 18.19 6.28%
weth
WETH (WETH) $ 3,421.90 1.09%
bitcoin-cash
Bitcoin Cash (BCH) $ 503.91 2.37%
sui
Sui (SUI) $ 3.40 6.30%
near
NEAR Protocol (NEAR) $ 6.67 4.57%
pepe
Pepe (PEPE) $ 0.000019 1.44%
leo-token
LEO Token (LEO) $ 8.20 0.25%
litecoin
Litecoin (LTC) $ 95.23 2.86%
uniswap
Uniswap (UNI) $ 11.73 4.11%
aptos
Aptos (APT) $ 12.02 2.96%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,602.20 0.93%
internet-computer
Internet Computer (ICP) $ 11.46 0.76%
hedera-hashgraph
Hedera (HBAR) $ 0.138694 3.38%
usds
USDS (USDS) $ 1.00 0.22%
crypto-com-chain
Cronos (CRO) $ 0.173515 0.23%
ethereum-classic
Ethereum Classic (ETC) $ 29.91 3.54%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.558322 3.98%
bittensor
Bittensor (TAO) $ 561.37 4.99%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.30%
render-token
Render (RENDER) $ 7.50 0.31%
kaspa
Kaspa (KAS) $ 0.149703 1.10%
arbitrum
Arbitrum (ARB) $ 0.913054 2.45%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.41 0.64%
celestia
Celestia (TIA) $ 8.35 11.63%
whitebit
WhiteBIT Coin (WBT) $ 23.58 1.32%
dai
Dai (DAI) $ 1.00 0.25%
vechain
VeChain (VET) $ 0.041368 3.76%
filecoin
Filecoin (FIL) $ 5.52 1.23%
mantra-dao
MANTRA (OM) $ 3.69 1.08%
okb
OKB (OKB) $ 53.64 0.29%
bonk
Bonk (BONK) $ 0.000043 1.08%
blockstack
Stacks (STX) $ 2.14 0.56%