Comment on JPMorgan's Dimon Likes Buybacks, Just Not Now

JPMorgan's Dimon Likes Buybacks, Just Not Now

NEW YORK (TheStreet) -- JPMorgan Chase may not end up buying back too much stock this year, if the current strength in the stock persists. In his annual letter to shareholders, CEO Jamie Dimon said the bank's appetite for buying back stock at current levels of around $45 is "not as great", as shares now trade well above tangible book value per share. "If you like our businesses, buying back stock at tangible book value is a very good deal.

 

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News