Investing.com - JPMorgan Chase (NYSE:JPM) shares gained 0.5 percent in after-hours trading on Tuesday. Two capital distribution measures provided a tailwind: The US banking giant announced a new share buyback program of USD 50 billion and plans to raise the dividend again.
The bank announced that the Board of Directors intends to increase the quarterly dividend in the third quarter of 2025 from the current USD 1.40 to USD 1.50 per share. This would be the second increase this year.
The new buyback plan is to take effect from July 1, 2025. The volume of up to 50 billion dollars could then be invested gradually depending on the market situation and financial position. The implementation is at the discretion of the management, it said.