JP Morgan Board Approves ₩70 Trillion Share Buyback and Dividend Increase; General Counsel Sells Partial Stake

JPMorgan Chase & Co. plans to raise its quarterly dividend by 10%, from $1.50 to $1.65 per share, beginning in the third quarter of 2026, and has approved a new $50 billion common-stock repurchase program (roughly ₩70 trillion). On the same day, Chief Operating Officer Jennifer Piepsack received approximately 60,000 restricted stock units valued at about $19.8 million as a long-term incentive award, while General Counsel Stacey Friedman sold a portion of her holdings on the open market to realize roughly $18.1 million in cash, yet still retains over 130,000 shares directly and indirectly.

In the Federal Reserve’s recent 2026 stress test, all 32 major U.S. banks passed the required thresholds. Capitalizing on this outcome, JPMorgan increased its quarterly dividend to $1.65 per share and formally announced the $50 billion buyback plan. The bank also reshuffled its leadership, appointing Doug Petno and Troy Rohrbaugh as co-presidents and announcing the retirement of Marianne Lake.

As the largest U.S. commercial and investment bank by assets, JPMorgan Chase is a global systemically important financial institution, spanning consumer finance, commercial banking, investment banking, asset management and wealth management. The company says its current capital position—supported by the Fed’s decision to maintain a 2.5% stress capital buffer and an 11.5% standardized CET1 ratio requirement through September 2027—underpins both the dividend increase and the substantial share repurchase program.