JPMorgan Raises Dividend 10% and Announces Buyback of $50 Billion After Stress Test

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JPMorgan Chase, the largest bank in the United States, increased its quarterly dividend by 10%, from $1.50 to $1.65 per share, and announced a new share buyback program for $50 billion as of July 1.The decision came minutes after the Fed published the results of its annual stress test, in which the 32 banks examined exceeded the minimum capital standards.JPMorgan's move marks the start of a season of similar announcements across the banking sect…