JPMorgan Executive Sells Billions in Shares... Countdown to $50 Billion Stock Buyback

On June 24, JPMorgan Chase & Co. (NYSE: JPM) announced that its board will raise the quarterly dividend by 10%—from $1.50 to $1.65 per share—beginning in the third quarter of 2026, and approved a new share-repurchase program of up to $50 billion (approximately KRW 70 trillion) effective July 1. At the same time, General Counsel Stacey Friedman sold part of her holdings in the open market, generating about $1.81 million (roughly KRW 2.5 billion) in cash, while retaining direct and indirect stakes valued in the billions of Korean won. Chief Operating Officer Jennifer Piepszak received some 60,000 restricted stock units (RSUs) as a retention award for long-term service and sustained performance; at current share prices, those units are worth about $19.8 million (around KRW 270 billion).

After comfortably passing the Federal Reserve’s stress test, JPMorgan reconfirmed its dividend increase and $50 billion buyback plan. It also announced plans to close its Plano, Texas, call center and eliminate approximately 244 positions as part of a broader restructuring. In addition, the firm reshaped its senior leadership by naming Doug Petno and Troy Rohrbaugh as co-presidents and disclosing Marianne Lake’s upcoming retirement.

JPMorgan Chase is the largest U.S. commercial bank by assets and a leading global investment bank. As a full-service financial group covering investment banking, asset management and consumer finance, it has ranked No. 1 on the Forbes Global 2000 list for the fourth consecutive year in 2026.