Bullish Options Activity in JPMorgan (JPM) Following Buyback, Dividend Boost & CCAR Results News -Susquehanna

Shares of big U.S. banks jump on hefty payout plans

June 29, 2017 1:47 PM EDT

By Sinead Carew

(Reuters) - Shares in the biggest U.S. banks rose on Thursday after they revealed buyback and dividend plans that topped analyst expectations after the Federal Reserve approved capital proposals in its annual stress test program.

The S&P 500 Bank sector index rose as much as 3 percent to its highest point since March 17 and was last up 1.3 percent. Regions Financial (NYSE: RF) was the biggest percentage gainer of the 34 banks involved in the stress tests with a 3 percent jump.

A total shareholder payout estimate of $132 billion compared with... More

JPMorgan (JPM) Plans Dividend Increase to $0.56/Share, $19.4B Buyback

June 28, 2017 4:50 PM EDT

JPMorgan Chase & Co. (NYSE: JPM) announced today that the Federal Reserve Board does not object to the Firm's capital plan under the recently concluded 2017 Comprehensive Capital Analysis and Review (CCAR). JPMorgan Chases Board of Directors intends to increase the quarterly common stock dividend to $0.56 per share (up from the current $0.50 per share), effective the third quarter of 2017, and has authorized gross common equity repurchases of up to... More

UPDATE: Fed Doesn't Object to Capital Plans of All Banks in Stress Test, Capital One Must Resubmit

June 28, 2017 4:30 PM EDT

(Updated - June 28, 2017 4:33 PM EDT)

The Federal Reserve Board on Wednesday announced it has completed its review of the capital planning practices of the nation's largest banks and did not object to the capital plans of all 34 bank holding companies participating in the Comprehensive Capital Analysis and Review (CCAR). However, the Board is requiring one firm to address weaknesses in its capital planning process and resubmit its capital plan by the end of 2017.

CCAR, in its seventh year, evaluates the capital planning processes and capital adequacy of the largest U.S.-based bank holding companies, including the... More

Wall Street stocks surge as banks, tech sectors spark rebound

June 28, 2017 7:32 AM EDT

By Lewis Krauskopf

(Reuters) - Wall Street stock rallied sharply on Wednesday, with the benchmark S&P 500 index scoring its biggest one-day percentage gain in about two months, as financial and technology stocks led a broad market rebound.

The Nasdaq posted its best session since Nov. 7, the day before the U.S. presidential election.

The S&P 500 had suffered its biggest one-day drop in about six weeks on Tuesday after a healthcare bill was delayed in the U.S. Senate.

The healthcare legislation is the first major plank of President Trump's domestic policy agenda,... More