JPMorgan’s ‘High-Class Problem’: Its Rising Stock Makes Buybacks More Expensive - News Summed Up

JPMorgan’s ‘High-Class Problem’: Its Rising Stock Makes Buybacks More Expensive


Jamie Dimon is facing a Warren Buffett-like problem: a lot of cash and an expensive stock. Over the past three years, Mr. Dimon’s JPMorgan Chase & Co. has spent most of its profit on share repurchases. That has been a boon for shareholders, since buybacks typically increase a company’s stock price. The issue now is that JPMorgan shares,...


Source: Wall Street Journal February 02, 2020 10:30 UTC



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