Regulators Likely Forced JPMorgan (JPM) to Suspend Buyback -ISI
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Citing ISI, Bloomberg is reporting JPMorgan's (NYSE: JPM) buyback suspension was probably force by regulators amid a need to contain the CIO loss and meet Basel 3 goals. The firm sees JPMorgan resuming its buyback program in the fourth quarter of this year or early next year.
That being said, ISI also suggested JPMorgan investors are "overly discounting negatives."
JPMorgan shares are down about 1.5 percent to $32.97 at last check.
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That being said, ISI also suggested JPMorgan investors are "overly discounting negatives."
JPMorgan shares are down about 1.5 percent to $32.97 at last check.
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