JPMorgan Chase Will Be Able to Resume Share Repurchases Earlier Than Expected
In the back half of 2022, several large banks including JPMorgan Chase (NYSE: JPM) had to pause share repurchases as they prepared for higher regulatory capital requirements this year and in 2024.
It initially looked like it would take JPMorgan Chase some time to build the necessary capital it would need to then resume share repurchases. But the bank got there quicker than anticipated and now can resume share repurchases in the current quarter.
Share repurchases have become a big reason why investors buy large bank stocks, so this is certainly a good sign. Let's take a look at how the bank accomplished this and how much stock JPMorgan might be able to repurchase in 2023.
Source Fool.com
