JPMorgan Chase & Co. announced significant leadership changes and new equity awards. Doug Petno and Troy Rohrbaugh, previously Co-CEOs of the Commercial & Investment Bank, have been elected Co-Presidents of the firm, effective immediately. Petno will serve as sole CEO of the Commercial & Investment Bank, while Rohrbaugh becomes CEO of Consumer & Community Banking.
Marianne Lake, current CEO of Consumer & Community Banking, will retire after more than 25 years and will assist with a transition period. To support succession planning and leadership continuity, the Compensation & Management Development Committee granted one-time retention Restricted Stock Unit awards: $30 million each to Petno and Rohrbaugh, and $20 million each to Mary Erdoes and Jennifer Piepszak.
The RSU awards cliff-vest after three years and require JPMorgan Chase to achieve a three-year average return on tangible common equity of 12% for 2026–2028. Net shares are subject to a further two-year holding period and are governed by the firm’s stock ownership guidelines, recoupment policy, and protection-based vesting provisions.
JPMorgan Chase & Co. released the results of its company-run 2026 Dodd-Frank Act Stress Test for the firm and JPMorgan Chase Bank, N.A., under the Federal Reserve’s Supervisory Severely Adverse Scenario.
Under this hypothetical nine-quarter scenario from 1Q26 to 1Q28, the firm’s common equity tier 1 capital ratio starts at 14.6% in 4Q25, with a projected minimum of 12.4% and 14.4% at 1Q28, against a regulatory capital minimum of 4.5%. Basel III Standardized risk‑weighted assets rise from $1,982 billion in 4Q25 to a projected $2,089 billion in 1Q28.
Across the projection period, JPMorgan Chase projects pre‑provision net revenue of $135.9 billion and cumulative loan losses of $70.2 billion, with net income before taxes of $11.4 billion. The scenario assumes a peak U.S. unemployment rate of 10.0% and a 58% trough in a broad stock market index, highlighting the firm’s modeled performance in a severe recession.
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.
JPMorgan Chase & Co.’s General Counsel, Stacey Friedman, reported an open-market sale of 5,467 shares of common stock at an average price of $330.7337 per share on June 22, 2026. After this transaction, she holds 40,961 shares directly. She also reports indirect holdings of 16,196 shares held by a trust and 79,468 shares held by a GRAT, showing additional exposure through estate-planning vehicles alongside her direct position.
Stacey Friedman reported a sale of Common Stock under Rule 144. The filing shows a disposition on 05/20/2026 of 5468 shares with proceeds of $1,641,855.82.
The securities were acquired as equity awards on 01/13/2026; the record also lists 5467 shares associated with that acquisition date. This filing notifies the market of a reported Rule 144 sale by an affiliated holder.
JPMorgan Chase & Co. closed a public offering of $500,000,000 aggregate principal amount of Fixed-to-Floating Rate Notes due 2030. These Notes are an additional issuance forming a single series with an existing $2,750,000,000 Fixed-to-Floating Rate Notes issue due 2030 that was completed on April 23, 2026.
The Notes were issued under a previously filed shelf registration statement on Form S-3 under the Securities Act of 1933. A legal opinion from Simpson Thacher & Bartlett LLP regarding the validity of the Notes is filed as an exhibit, along with their consent and related Inline XBRL cover page data exhibits.
JPMorgan Chase & Co. plans to redeem all $2.0 billion of its 3.65% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series KK, on June 1, 2026. The redemption covers 200,000 Series KK preferred shares, represented by 2,000,000 depositary shares at $1,000 per depositary share. June 1, 2026 will also be the final dividend payment date, with a record date of May 4, 2026. JPMorgan Chase reports $4.9 trillion in assets and $364 billion in stockholders’ equity as of March 31, 2026.
JPMorgan Chase & Co. reported the results of its Annual Meeting of Shareholders, where 2,284,422,677 shares, or 85.17% of total shares outstanding, were represented in person or by proxy. Shareholders elected 11 director nominees, with each receiving at least 92.37% of votes cast.
Shareholders approved the advisory resolution on executive compensation with 1,780,600,132 votes for (92.35% of votes cast) and ratified the appointment of PricewaterhouseCoopers LLP as independent registered public accounting firm for 2026 with 2,119,761,224 votes for (92.79%). All shareholder proposals, including those on an independent board chairman, lobbying alignment, sustainability ROI reporting, and climate-related security and resiliency, did not receive sufficient support.
JPMorgan Chase & Co. General Counsel Stacey Friedman reported an open-market sale of 5,468 shares of common stock at $300.2662 per share. The transaction was a direct sale, leaving her with 46,428 directly held shares.
She also reports indirect holdings of 16,196 shares held by a trust and 79,468 shares held by a Grantor Retained Annuity Trust. A footnote explains prior transfers among a GRAT, the grantor, and a family trust that were exempt under Rule 16a-13, which are reflected in the reported balances.
JPMorgan Chase & Co. submitted a Rule 144 notice to sell 5,468 shares of Common Stock. The shares were acquired as awards granted by the issuer on 01/13/2026 and the filing lists J.P. Morgan Securities LLC and the NYSE. The filing date shown is 05/20/2026.