1. "Fed allows banks to resume share
buybacks, JPMorgan stock jumps
5%"
Key Points Sharing
1. The Fed announced on Friday that it will allow the nation’s largest
banks to resume share buybacks in the first quarter of 2021 subject to
certain rules.
2. 2. The partial relaxation of its buyback ban came after the Fed’s
second round of stress tests in 2020.
3. JPMorgan Chase $JPM announced in the minutes after the Fed’s
test results that its board had approved a new share repurchase
program of $30 billion.
