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Stock impact report

JP Morgan Chase Must Suspend All Its Payouts [Forbes]

JP Morgan Chase & Co. (JPM) 
Last jp morgan chase & co. earnings: 4/14 06:43 am Check Earnings Report
Company Research Source: Forbes
Sign for J.P. Morgan on 7th March 2020 in London, United Kingdom. JPMorgan Chase & Co. is an... [+]American multinational investment bank and financial services holding company headquartered in New York. JPMorgan Chase is ranked by S&P Global as the largest bank in the United States and the sixth largest bank in the world by total assets. (photo by Mike Kemp/In PIctures via Getty Images)In Pictures via Getty ImagesIn its recently concluded quarterly earnings call, we heard loud and clear from JP Morgan Chase that the bank is getting ready to deal with the wave of defaults it expects on its lending portfolio in the post-COVID19 world. What we didn't hear was an outright suspension of dividend payouts and share buybacks until the time the crisis is over. On the contrary, the earnings call made it clear that the company still has all the intentions to continue with its dividend payout of$0.90 per share. The share repurchase program has been halted, but only through the second quarter of Show less Read more
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