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JPMorgan Chase Just Authorized a $50 Billion Buyback and Raised Its Dividend. Is the Stock a Buy Near Record Highs?
JPMorgan Chase (NYSE: JPM) is one of the world's largest financial companies, trailing only Berkshire Hathaway (NYSE: BRKA)(NYSE: BRKB).
Summary
JPMorgan Chase (NYSE: JPM) is one of the world's largest financial companies, trailing only Berkshire Hathaway (NYSE: BRKA)(NYSE: BRKB). That said, the giant bank got some very good news when the Federal Reserve announced that it had passed the Fed's bank stress test. And JPMorgan Chase shareholders benefited, too, since the bank quickly announced a 10% dividend increase and a $50 billion share repurchase plan.
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