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 York