Dividend Increases and Share Repurchase Programs

JPMorgan Chase & Co. announced that its board intends to increase the quarterly common‑stock dividend to $1.65 per share, up from $1.50 per share. The increase is slated to begin in the third quarter of 2026 and is subject to board approval at the time of declaration. In addition, the board approved a $50 billion common‑share repurchase program that will become effective on July 1 2026; the timing and volume of repurchases will be determined by management based on market conditions and other factors.

Goldman Sachs Group Inc. disclosed plans to raise its quarterly common‑stock dividend to $5.00 per share from $4.50 per share, representing a 25% increase compared with the prior year. The new dividend level is scheduled to start on July 1 2026 and requires approval by the board of directors at its third‑quarter meeting.

Stress‑Test Capital Buffers and Regulatory Ratios

The Federal Reserve’s 2026 Comprehensive Capital Analysis and Review (CCAR) results confirmed that both banks remain adequately capitalized. JPMorgan’s stress‑capital buffer is set at 2.5% and will remain unchanged through September 30 2027. Its Standardized Common Equity Tier 1 (CET1) capital ratio requirement, inclusive of regulatory buffers, stays at 11.5%.

Goldman Sachs’ stress‑capital buffer will stay at 3.4% through September 30 2027, with its Standardized CET1 requirement unchanged at 11.4%.

Executive Commentary

Chairman and CEO Jamie Dimon stated that the bank’s “fortress balance sheet, with significant excess capital and robust liquidity,” enables it to increase dividends and pursue share repurchases while continuing to serve clients and communities. He emphasized that the dividend increase is supported by consistent investment in the business and strong financial performance.

Chairman and CEO David Solomon said the planned dividend increase reflects the strength of Goldman Sachs’ franchise, its earnings power, and confidence in its ability to support clients, invest for the long term, and deliver sustainable returns to shareholders.