JPMorgan board has announced the approval of $1.88 billion buy-backs in stock. The recent buy back decision follows its earlier precedence of repurchasing stock for $6.4 billion. The board has allowed flexibility in timeframe and quantity of purchased shares or even pulling out from the decision at company’s own discretion.
Jamie Dimon
Breaking News
Jamie Dimon, chairman and chief executive officer of JP Morgan Chase & Co, spent $26 millions to buy shares of his bank on Thursday. The share purchase is translated as good sign by other investors as the shares climbed by 2 percent after the news broke out to the public.
Deutsche Bank co-CEO Anshu Jain and JP Morgan CEO Jamie Dimon join chorus on US government breaking gridlock on budget and debt ceiling.
Taking the loss as a personal matter, CEO Jamie Dimon's JP Morgan reported a loss for the third quarter of 2013.
