JP Morgan Announces Dividend Increase and $50 Billion Share Buyback, General Counsel Sells Partial Stake

JPMorgan Chase & Co. (Ticker: JPM), one of the largest U.S. banks, announced plans to raise its quarterly dividend from $1.50 to $1.65 per share beginning in the third quarter of 2026, and approved a new common‐stock repurchase program of up to $50 billion (approximately KRW 70 trillion) effective July 1.

On June 22, General Counsel Stacey Friedman sold 5,467 shares of common stock in the open market, raising about $1.8 million (roughly KRW 250 million). Following the sale, her total direct and indirect equity holdings were reported at approximately $45.4 million (around KRW 60 billion).

The company noted that under the Federal Reserve’s 2026 stress test results, a 2.5% stress capital buffer and an 11.5% standardized Common Equity Tier 1 capital requirement will remain in effect through September 30, 2027, and that this capital capacity supports its dividend increase and share buyback plans.

Meanwhile, on June 26 the Fed will release the annual stress test results for 32 large banks with assets exceeding $100 billion—JPMorgan is included in this assessment, which will reassess the sustainability of its capital policies.

JPMorgan’s research division recently raised its year‐end 2026 S&P 500 target to 7,800 points, citing upward revisions to earnings driven by expanded investments in artificial intelligence, and accordingly offered a more bullish outlook on the U.S. equity market.

JPMorgan Chase is the largest U.S. bank by assets and is designated a global systemically important bank, making it one of the world’s largest full‐service financial institutions, with investment banking, asset management and consumer finance operations.

Stacey Friedman, a vice‐president‐level executive, has served as the group’s chief legal officer since 2016, playing a central role in overseeing global regulatory compliance and litigation risk management.