Buybacks

Banks can repurchase shares again. Will they?

12/21/20

Under the Federal Reserve’s loosened restrictions, big banks can buy back a limited amount of their stock starting next quarter, but only JPMorgan Chase has announced detailed plans to do so.

[more]

Community banks poised to resume stock buybacks

11/10/20

Many small banks are reactivating repurchase programs, signaling that capital levels remain strong and credit issues are under control.

[more]

Why banks are reinstating share repurchase programs

09/07/20

Several community banks that put buybacks on hold during the pandemic’s earliest days have recently authorized new plans, signaling an easing in regulatory pressure and greater comfort with capital levels.

[more]

Wells customers phished, Fed caps dividends, Citi’s new ops chief: Top stories of the week

06/26/20

Wells Fargo customers targeted with phishing attacks using calendar invites; Fed freezes stock buybacks, caps dividends after stress test results; Citigroup names Titi Cole its head of global operations and fraud prevention.

[more]

Dimon counsels against bank stock buybacks; Texas banks call off merger

05/27/20

The JPMorgan CEO says the recovery has to start first, and future buybacks won’t be as big as before; Texas Capital Bancshares and Independent Bank blame the coronanvirus market impact.

[more]

Otting makes it official; Morgan Stanley's Gorman: Hold the stock buybacks

05/22/20

The comptroller of the currency will be replaced by his COO, Brian P. Brooks, on an acting basis; CEO James Gorman says the economy needs to be on steadier ground first.

[more]

After big banks suspend stock buybacks, will regionals follow suit?

03/16/20

They are under less pressure from policymakers to halt repurchase plans, but some have already hit the brakes and others may unofficially do so if the pandemic worsens.

[more]

Eight giant U.S. banks to suspend stock buybacks through June

03/15/20

The banks — including JPMorgan Chase, Bank of America, Wells Fargo and Citigroup — agreed to stop buying back their own shares through the second quarter, saying they will focus on supporting clients and the nation during the coronavirus pandemic.

[more]

Senator urges banks to stop stock buybacks during coronavirus outbreak

03/12/20

Sen. Sherrod Brown of Ohio, the top Democrat on the Banking Committee, said financial institutions "need to be investing in their communities right now, not investing in their CEOs’ stock portfolios.”

[more]

Fed finalizes new capital buffer ahead of 2020 stress tests

03/04/20

The rule establishes a measure of capital adequacy meant to simplify how banks are assessed in the Comprehensive Capital Analysis and Review program.

[more]