JPMorgan Chase, Bank of America and Citigroup have each authorized at least $30 billion in share buybacks, and the article reviews how far each has followed through after third-quarter results. JPMorgan has the largest program at $50 billion (effective July 1, 2026), yet in the third quarter it repurchased around $1 billion gross, about 2% of the authorization, and its share count fell 2.4% year over year to 2.656 billion. Bank of America has used $29 billion of its $40 billion authorization (in place since Aug. 1, 2025), leaving $11 billion, or about 73% used in roughly 14 months, and its share count dropped 5.5% to 6.923 billion. Citigroup began a $30 billion multi-year program in Q2 2026, repurchasing $4 billion that quarter, and returned $4.1 billion to common shareholders in Q3 through buybacks and dividends, cutting its share count 7.5% to 1.655 billion. The article also notes risks specific to each bank and forward P/E ratios of 13 times, 9.8 times and 9.4 times for JPMorgan, Bank of America and Citigroup respectively.
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SPY
• NeutralSPDR S&P 500 ETF
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/30/2026 | 755.72 |
| Change that session | -1.77% |
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