JPMorgan Halts Share Buyback
In a surprising turn of events, JPMorgan Chase & Co.’s (NYSE:JPM) CEO announced the suspension of the company’s $15 billion share repurchase program. The announcement was made at the Deutsche Bank Securities Global Financial Services Investor Conference in New York on Monday. The primary reason for the halt was the fact that it does not [...]
In a surprising turn of events, JPMorgan Chase & Co.’s (NYSE:JPM) CEO announced the suspension of the company’s $15 billion share repurchase program. The announcement was made at the Deutsche Bank Securities Global Financial Services Investor Conference in New York on Monday.
The primary reason for the halt was the fact that it does not want any glitches in the plans to meet the Basel III capital requirements. JPMorgan would re-start the program once it is able to rebuild the capital it … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards