JPMorgan sharply cut its share buybacks in the third quarter of 2026 to a net $664 million, down nearly 89% from $6.2 billion in the previous quarter, as CEO Jamie Dimon prioritised investing in the franchise and supporting clients. The bank holds about $30 billion in excess capital and is looking to invest in technology, branch expansion, commercial banking, wealth management and international operations. It ended the quarter with $304 billion in CET1 capital, a 13.9% standardised CET1 ratio and a 20% return on tangible common equity. The article notes that fewer buybacks could limit near-term earnings growth, and that the 2026 adjusted expense outlook of $108.6 billion highlights cost pressures. Citigroup repurchased about $3 billion of shares in the quarter, bringing year-to-date buybacks to $13.3 billion with $23 billion still available as of Sept. 30, 2026, while Bank of America bought back $6 billion, leaving almost $11 billion of its $40 billion authorisation, and returned $8.3 billion in total including $2.2 billion in dividends.
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▼ Likely negativeJPMorgan Chase
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Financials |
| Industry | Diversified Banks |
| Market cap | $891.9B |
| Close on 10/16/2026 | 339.67 |
| Change that session | +1.23% |
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