JPMorgan Chase (NYSE: JPM) plans higher dividend and $50B share repurchase
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
JPMorgan Chase & Co. is planning a higher dividend and a large new buyback program. The Board of Directors intends to raise the quarterly common stock dividend to $1.65 per share from $1.50 per share for the third quarter of 2026, subject to customary Board approval.
The Board has also authorized a new common share repurchase program of $50 billion, effective July 1, 2026, with actual repurchases at management’s discretion. The firm’s Stress Capital Buffer remains 2.5%, keeping its Standardized Common Equity Tier 1 capital ratio requirement, including regulatory buffers, at 11.5%. JPMorgan Chase reported $4.9 trillion in assets and $364 billion in stockholders’ equity as of March 31, 2026.
Positive
- Planned 10% dividend increase from $1.50 to $1.65 per share for Q3 2026, indicating capacity and willingness to raise recurring cash returns to shareholders, subject to Board approval.
- New $50 billion common share repurchase authorization effective July 1, 2026, providing substantial flexibility to return additional capital alongside dividends.
- Regulatory capital requirements remain stable, with a 2.5% Stress Capital Buffer and an 11.5% Standardized CET1 capital ratio requirement including buffers, supporting room for these capital actions.
Negative
- None.
Insights
JPMorgan signals confidence with a 10% dividend hike and $50B buyback.
JPMorgan Chase’s Board intends to increase the quarterly dividend from $1.50 to $1.65 per share starting in Q3 2026, subject to normal approvals. This is paired with a new $50 billion common share repurchase authorization effective July 1, 2026.
The bank notes its current Stress Capital Buffer of 2.5%, leaving its Standardized CET1 capital ratio requirement, including buffers, at 11.5%. This suggests room within regulatory constraints to return capital while maintaining required solvency levels.
With $4.9 trillion in assets and $364 billion of stockholders’ equity as of March 31, 2026, the announced capital return plans are sizable. Actual buyback volumes will depend on management’s discretion and evolving market and regulatory conditions.
8-K Event Classification
2 items: 8.01, 9.01
2 items
Item 8.01
Other Events
Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Planned quarterly dividend: $1.65 per share
Current quarterly dividend: $1.50 per share
Share repurchase authorization: $50 billion
+4 more
7 metrics
Planned quarterly dividend
$1.65 per share
Intended for Q3 2026, up from $1.50
Current quarterly dividend
$1.50 per share
Level prior to planned Q3 2026 increase
Share repurchase authorization
$50 billion
New common share repurchase program effective July 1, 2026
Stress Capital Buffer
2.5%
Current SCB requirement through September 30, 2027
Standardized CET1 requirement
11.5%
CET1 capital ratio requirement including regulatory buffers
Total assets
$4.9 trillion
As of March 31, 2026
Stockholders’ equity
$364 billion
As of March 31, 2026
Key Terms
Stress Capital Buffer, Standardized Common Equity Tier 1, common share repurchase program, forward-looking statements, +1 more
5 terms
Stress Capital Buffer regulatory
"the Firm’s current Stress Capital Buffer (“SCB”) requirement of 2.5% will remain"
A stress capital buffer is an extra amount of loss-absorbing capital that regulators require a bank to hold based on how it would perform in a severe economic downturn. Think of it as a rainy-day fund sized by simulated worst-case losses; it matters to investors because a larger buffer can limit dividends and share buybacks but also signals greater resilience and lower risk of sudden losses or government intervention.
Standardized Common Equity Tier 1 regulatory
"the Firm’s current Standardized Common Equity Tier 1 (“CET1”) capital ratio requirement"
forward-looking statements regulatory
"This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
severely adverse scenario regulatory
"including the hypothetical 2026 supervisory severely adverse scenario"
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (date of earliest event reported): June 24, 2026
(Exact name of registrant as specified in its charter)
| (State or other jurisdiction of incorporation or organization) | (Commission File Number) | (I.R.S. employer identification no.) | ||||||||||||
| (Address of principal executive offices) | (Zip Code) | |||||||||||||
Registrant’s telephone number, including area code: (212 ) 270-6000
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | ||||||||
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | ||||||||
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | ||||||||
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | ||||||||
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01 Other Events
On June 24, 2026, JPMorgan Chase & Co. ("JPMorganChase" or the "Firm") issued a press release concerning its common stock and regulatory capital matters. A copy of the Firm’s press release is attached as Exhibit 99. The information set forth in Exhibit 99 shall be deemed to be “filed” for purposes of the Securities Exchange Act of 1934.
This Current Report on Form 8-K (including the Exhibit hereto) contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the beliefs and expectations of JPMorganChase’s management, speak only as of the date on which they were made, and are subject to significant risks and uncertainties. Actual results may differ from those set forth in the forward-looking statements. Factors that could cause JPMorganChase’s actual results to differ materially from those described in the forward-looking statements can be found in JPMorganChase’s Annual Report on Form 10-K for the year ended December 31, 2025 and Quarterly Report on Form 10-Q for the quarter ended March 31, 2026, which have been filed with the Securities and Exchange Commission and are available on JPMorganChase’s website (https://jpmorganchaseco.gcs-web.com/ir/sec-other-filings/overview) and on the Securities and Exchange Commission’s website (www.sec.gov). JPMorganChase does not undertake to update any forward-looking statements.
Item 9.01 Financial Statements and Exhibits
(d) Exhibit
| Exhibit No. | Description of Exhibit | |||||||
| 99 | JPMorgan Chase & Co. press release dated June 24, 2026 | |||||||
| 101 | Pursuant to Rule 406 of Regulation S-T, the cover page is formatted in Inline XBRL (Inline eXtensible Business Reporting Language). | |||||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document and included in Exhibit 101). | |||||||
2
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| JPMorgan Chase & Co. | ||
| (Registrant) | ||
| By: | /s/ Jordan A. Costa | ||||
| Jordan A. Costa | |||||
| Managing Director | |||||
| Dated: | June 24, 2026 | ||||
3
Exhibit 99
JPMorgan Chase & Co. 270 Park Avenue, New York, NY 10017-2070 NYSE symbol: JPM www.jpmorganchase.com |  | ||||
News release: IMMEDIATE RELEASE
JPMorganChase Plans Dividend Increase and Has Authorized a New Common Share Repurchase Program
New York | June 24, 2026
JPMorgan Chase & Co. (NYSE: JPM) (“JPMorganChase” or the “Firm”) announced today that its Board of Directors intends to increase the quarterly common stock dividend to $1.65 per share (up from the current $1.50 per share) for the third quarter of 2026. The Firm’s quarterly common stock dividends are subject to approval by the Board of Directors at the customary times that those dividends are declared.
In addition, the Firm’s Board of Directors has authorized a new common share repurchase program of $50 billion, effective July 1, 2026. The authorization to repurchase common shares will be used at management’s discretion, and the amount and timing of common share repurchases under the new authorization will be subject to various factors.
Following the Federal Reserve’s announcement in February 2026, the Firm’s current Stress Capital Buffer (“SCB”) requirement of 2.5% will remain unchanged through September 30, 2027, with new requirements to be calculated in 2027 based on revised supervisory stress testing models that incorporate public feedback. As a result, the Firm’s current Standardized Common Equity Tier 1 (“CET1”) capital ratio requirement including regulatory buffers continues to be 11.5%.
Jamie Dimon, Chairman and CEO of JPMorganChase said: “Our fortress balance sheet, with significant excess capital and robust liquidity, enables us to be a pillar of strength, allowing us to consistently serve our clients and communities. The current environment reflects an increasingly complex set of risks. As always, we are prepared for a wide range of scenarios, including the hypothetical 2026 supervisory severely adverse scenario. We continue to serve our clients and communities and invest in products, people, and technology that foster organic growth and promote proper management of our capital. The Board’s intended dividend increase is supported by our consistent investment in our business and strong financial performance. The new share repurchase program provides us with the flexibility to deploy capital in ways that enhance shareholder value over time.”
Investor Contact: Mikael Grubb 212-270-2479 | Media Contact: Michael Fusco 212-270-2495 | ||||
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the beliefs and expectations of JPMorgan Chase & Co.’s management, speak only as of the date on which they were made, and are subject to significant risks and uncertainties. Actual results may differ from those set forth in the forward-looking statements. Factors that could cause JPMorgan Chase & Co.’s actual results to differ materially from those described in the forward-looking statements can be found in JPMorgan Chase & Co.’s Annual Report on Form 10-K for the year ended December 31, 2025 and Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2026, which have been filed with the Securities and Exchange Commission and are available on JPMorgan Chase & Co.’s website (https://jpmorganchaseco.gcs-web.com/ir/sec-other-filings/overview), and on the Securities and Exchange Commission’s website (www.sec.gov). JPMorgan Chase & Co. does not undertake to update any forward-looking statements.
JPMorgan Chase & Co. (NYSE: JPM) is a leading financial services firm based in the United States of America (“U.S.”), with operations worldwide. JPMorganChase had $4.9 trillion in assets and $364 billion in stockholders’ equity as of March 31, 2026. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management. Under the J.P. Morgan and Chase brands, the Firm serves millions of customers in the U.S., and many of the world’s most prominent corporate, institutional and government clients globally. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.
# # #
Investor Contact: Mikael Grubb 212-270-2479 | Media Contact: Michael Fusco 212-270-2495 | ||||
FAQ
What dividend change did JPM (JPMorgan Chase & Co.) announce in this 8-K?
JPMorgan Chase’s Board intends to raise the quarterly common stock dividend to $1.65 per share from $1.50 starting in Q3 2026. This planned 10% increase remains subject to the Board’s approval at the customary declaration times.
What are JPMorgan Chase’s current regulatory capital requirements?
Following the Federal Reserve’s announcement, JPMorgan Chase’s current Stress Capital Buffer is 2.5%. This keeps its Standardized Common Equity Tier 1 (CET1) capital ratio requirement, including regulatory buffers, at 11.5% until at least September 30, 2027, when new requirements will be recalculated.
How strong is JPMorgan Chase’s balance sheet based on this filing?
JPMorgan Chase reported $4.9 trillion in assets and $364 billion in stockholders’ equity as of March 31, 2026. Management highlights this as a “fortress balance sheet” supporting continued client service, investment, and the announced dividend and repurchase plans.
What does Jamie Dimon say about the environment and JPM’s capital actions?
Jamie Dimon describes an increasingly complex set of risks but emphasizes JPMorgan’s “fortress balance sheet,” excess capital, and robust liquidity. He states the intended dividend increase and new repurchase program are supported by strong performance and ongoing investment in products, people, and technology.