Regulators Likely Forced JPMorgan (JPM) to Suspend Buyback -ISI
Tweet
Share
E-mailGet Alerts JPM Hot Sheet
Join SI Premium – FREE
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.
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.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Chevron Close To A Deal To Expand Operations In Venezuela - WSJ
- Electra Therapeutics files for proposed IPO
- GCL Global launches $10 million share buyback program
Create E-mail Alert Related Categories
Rumors, Stock Buybacks, Trader TalkRelated Entities
JPMorganSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
