JPMorgan halts share buybacks as earnings miss estimates
The pause in buybacks is needed to quickly meet higher capital requirements and give the firm "flexibility to best serve our customers, clients and community," said CEO Jamie Dimon.
JPMorgan Chase & Co. temporarily suspended share buybacks and reported second-quarter results that fell short of analysts’ estimates, driving the stock lower.
The buyback pause is needed to quickly meet higher capital requirements and “allow us maximum flexibility to best serve our
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