JPMorgan Chase & Co (NYSE:JPM) shares are inching higher in extended trading Wednesday after the bank raised its quarterly dividend and announced a fresh buyback.
JPMorgan Chase stock is trading at elevated levels.
Where is JPM stock headed?
JPMorgan Raises Dividend, Plans To Buy Back Stock JPMorgan announced that its board of directors plans to increase the company's common stock dividend to $1.65 per share in the third quarter, up from $1.50 per share.
The banking giant also announced the authorization of a new $50 billion share repurchase program, effective July 1.
