JPMorgan Chase’s Stock Is a Dog – Put on a Leash by the Fed and Down 28 Percent Year-to-Date
SUBSCRIBE TO THIS NEWSLETTER JPMorgan Chase’s Stock Is a Dog – Put on a Leash by the Fed and Down 28 Percent Year-to-Date By Pam Martens and Russ Martens : August 30, 2022 ~ According to YCharts ( give the chart time to load ) since January 1, 2017 through December 31, 2021 – a span of five years – JPMorgan Chase has spent a total of $84.312 billion buying back its own stock. In eight of those quarters, it spent more than $5 billion buying back its own shares. In the three quarters when JPMorgan Chase was on a secret feeding tube from the Fed via the Fed’s emergency repo loans and other emergency programs , the bank bought back the most stock in its history according to YCharts: $6.949 billion for the quarter ending September 30, 2019; $6.751 billion for the quarter ending December 31, 2019; and $6.517 billion for the quarter ending March 31, 2020. Now, the unthinkable has happened. The Fed has actually put JPMorgan Chase on a leash. As a result, the bank is currently...