JP Morgan Lifts Dividend, Plans $12B Buyback

What do you think about this? Interesting that they didn't start buying back stock cheaper than this. I'd love to see shitty results from the stress tests, just so the Fed looks bad. Definitely a vote of confidence for the financials though. Anyone smarter than myself (i.e. anyone) want to chime in on this and maybe explain the timing?

Comments (6)

Mar 13, 2012

Dimon's timing was to goose stocks into the close ahead of the stress test announcements.

Speaking of which, Prince Alwaleed is not going to be happy with Vikram.

Mar 13, 2012
Cartwright:

Dimon's timing was to goose stocks into the close ahead of the stress test announcements.

Pretty much

I'm cool with it. Anything to get consumer confidence and hiring up is A-OK as I graduate this May and still looking for a FT job -_-

Mar 13, 2012

Papa Dimon making moves.

Mar 13, 2012

ROFLMFAO @ Citi.

Mar 13, 2012

I'm wondering if a guy like Dimon (given he has one of the healthiest banks and probably wanted to do this anyway) with his connections to gov. was encouraged to go ahead and release this news ahead of Vik & Co. "failing" the stress tests to cushion the blow. Probably not, but I like the timing anyway.

Mar 13, 2012
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