JPMorgan Chase Announces $50 Billion Share Buyback Program and Dividend Increase for Q3 2025
New York, July 1, 2025 — JPMorgan Chase & Co. (NYSE: JPM), the largest U.S. bank by assets, has announced a significant capital return initiative, including a $50 billion share repurchase authorization and a quarterly dividend increase. The announcement follows the bank’s successful performance in the Federal Reserve’s 2025 stress test.
The Board of Directors has approved an increase in the quarterly common stock dividend from $1.40 to $1.50 per share, effective with the dividend payable in the third quarter of 2025, subject to board declaration.
In addition to the dividend hike, the company authorized a new share repurchase program of up to $50 billion with no expiration date. The repurchases will be executed based on market conditions and other relevant factors, in accordance with the company’s capital management strategy.
Strong Stress Test Results Support Capital Return
The announcement comes on the heels of JPMorgan’s favorable results in the Federal Reserve’s annual Comprehensive Capital Analysis and Review (CCAR). The bank reported a reduction in its Stress Capital Buffer (SCB) from 3.3% to 2.5%, and its minimum Common Equity Tier 1 (CET1) capital requirement decreased to 11.5%.
These results affirm the strength of JPMorgan’s capital position, allowing the company to return a greater share of its earnings to shareholders while maintaining regulatory compliance and financial resilience.
Comments from Management
In a statement, Chairman and CEO Jamie Dimon said, “Our performance in the Federal Reserve’s stress test reflects the strength and stability of our institution. The Board’s approval of a higher dividend and substantial share repurchase program is a demonstration of our ongoing commitment to delivering long-term value to our shareholders, while maintaining a strong balance sheet and investing in our businesses.”
Investor and Market Reaction
Following the announcement, JPMorgan shares rose nearly 2% in early trading, reflecting investor confidence in the company’s capital allocation strategy. Analysts described the move as a strong signal of the bank’s confidence in its earnings outlook and long-term financial health.
With this move, JPMorgan joins other major U.S. banks that have announced dividend increases and share repurchase plans following this year’s stress test results. However, JPMorgan’s $50 billion buyback authorization stands as the most aggressive among its peers.
Strategic Significance
The dividend increase enhances JPMorgan’s appeal to income-focused investors, while the share repurchase program is expected to improve earnings per share through a reduced share count. These initiatives are consistent with the company’s disciplined approach to capital management and its strategy to return excess capital to shareholders responsibly.
Outlook
As economic conditions stabilize and regulatory requirements evolve, JPMorgan Chase remains positioned as a leader in global banking with a strong capital base, diversified operations, and a track record of prudent financial management.
About JPMorgan Chase & Co.
JPMorgan Chase & Co. is a leading global financial services firm with assets exceeding $4 trillion and operations worldwide. The firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management.