5 Takeaways From JPMorgan Chase Earnings (Update 3)
5. Capital Ratios Robust: JPMorgan ended the first quarter with Basel 1 Tier 1 Capital ratio of 10.4% and an estimated Basel III Tier 1 Capital ratio of 8.4%.
The bank passed the Federal Reserve's annual stress tests with flying colors, announcing a a quarterly dividend increase of 20% to 30 cents a share and a $15 billion share buyback program.
In his annual letter, Dimon said the bank might be less inclined to buy back shares when they trade at levels above $45.
"We will repurchase equity as deemed appropriate relative to our organic growth, investment opportunities, capital retention needs, and the stock price," the company said in its statement following the earnings release.
In the analyst conference call, Dimon said the management will wait until they know more about capital rules before they consider alternative capital deployment strategies such as a special dividend. --Written by Shanthi Bharatwaj in New YorkSelect the service that is right for you!
COMPARE ALL SERVICESAction Alerts PLUS
TRY IT FREEJim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
Product Features:
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
TheStreet Quant Ratings
TRY IT FREENew! $49.95/yr
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
Product Features:
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Stocks Under $10
TRY IT FREEDavid Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.
Product Features:
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
- Weekly roundups
Dividend Stock Advisor
TRY IT FREEJim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
Product Features:
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
TRY IT FREEAll of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
Product Features:
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Options Profits
TRY IT FREEOur options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
Product Features:
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV
