JPMorgan CEO Dimon Says 'On share repurchases, given that market levels are at least slightly inflated, we maintain our modest pace of buybacks, although we reserve the right to adjust this at any time'
Portfolio Pulse from Benzinga Newsdesk
JPMorgan CEO Jamie Dimon stated that the company will continue its modest pace of share repurchases, citing slightly inflated market levels. However, the company reserves the right to adjust its buyback strategy at any time.
October 11, 2024 | 10:58 am
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JPMorgan will maintain a modest pace of share repurchases due to slightly inflated market levels, but may adjust this strategy as needed.
The announcement suggests a cautious approach to share repurchases, which may not significantly impact the stock price in the short term. However, the flexibility to adjust buybacks could lead to changes in investor sentiment if market conditions shift.
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