The Future Of JPMorgan’s Dividend (NYSE:JPM)

Seeking Alpha | Sep 15, 2020 at 7:13 PM
  • Of all of my former employers from which I have received stock-based compensation, the one in which I continue to retain the largest position is JPMorgan Chase & Co. (JPM).
  • After the merger with Chase, JPM’s balance sheet grew from under $1 trillion to over $2 trillion with the 2004 purchase of Bank One and 2008 takeovers of Bear Stearns and Washington Mutual.
  • On the flip side, this buyback strategy may also signal the challenges of sustaining a high ROA on an ever-growing balance sheet, and so may signal JPM may “sharpen and shrink” over the next decade or two.