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JPMorgan and Goldman raise dividends after Fed stress tests

June 24, 2026 4:22 PM

Investing.com -- JPMorgan Chase & Co. (NYSE: JPM) said its board plans to increase the quarterly common stock dividend to $1.65 per share from $1.50 per share, starting in the third quarter of 2026. The increase is pending board approval at the time of declaration.


The bank’s board also approved a new $50 billion common share repurchase program, which takes effect July 1, 2026. The timing and amount of repurchases will be determined by management and will depend on various factors.


JPMorgan’s Stress Capital Buffer requirement of 2.5% will stay the same through September 30, 2027, following a Federal Reserve announcement in February 2026. New requirements will be calculated in 2027 based on revised supervisory stress testing models that incorporate public feedback. The bank’s Standardized Common Equity Tier 1 capital ratio requirement, including regulatory buffers, remains at 11.5%.


Chairman and CEO Jamie Dimon said: "Our fortress balance sheet, with significant excess capital and robust liquidity, enables us to be a pillar of strength, allowing us to consistently serve our clients and communities. The Board’s intended dividend increase is supported by our consistent investment in our business and strong financial performance. The new share repurchase program provides us with the flexibility to deploy capital in ways that enhance shareholder value over time."


Goldman Sachs said it plans to raise its quarterly common stock dividend by 11% after the Federal Reserve released its 2026 Comprehensive Capital Analysis and Review results.


The firm said it intends to increase its common dividend to $5.00 per share from $4.50 per share beginning July 1, 2026. The increase represents a 25% rise compared to the prior year. The dividend increase requires approval by Goldman Sachs’ Board of Directors at its scheduled third quarter meeting.


The Federal Reserve’s stress test results showed Goldman Sachs remains sufficiently capitalized to withstand a range of economic conditions. The firm’s stress capital buffer will remain at 3.4% through September 30, 2027, and its Standardized Common Equity Tier 1 ratio requirement will remain at 11.4%.


Chairman and Chief Executive David Solomon said: "Our planned dividend increase reflects the strength of our franchise, our earnings power, and our confidence in our ability to support clients, invest for the long term, and deliver sustainable returns to shareholders."

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