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JPMorgan Chase Just Authorized a $50 Billion Buyback and Raised Its Dividend. Is the Stock a Buy Near Record Highs?
The Motley Fool·
JPMorgan Chase passed the Federal Reserve's bank stress test with a strong tier 1 capital ratio of 14.3% and announced a 10% dividend increase plus a $50 billion share buyback program. However, the stock is trading near all-time highs with valuation metrics significantly above five-year averages, making it appear expensive for value-oriented investors.
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