NEW YORK — JPMorgan Chase & Co. said Thursday the bank has repurchased $8 billion of common stock and warrants as of Sept. 30.
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In a regulatory filing, it also confirmed the Federal Reserve has approved a $950 million increase to a $15 billion multi-year program to repurchase shares and warrants, bringing the approved repurchase amount this year to $8.95 billion.
The approved amount for the year was set at $8 billion earlier.
The bank's Chief Executive Jamie Dimon mentioned the increase Wednesday at the Goldman Sachs financial services conference, saying there was an increase as the bank didn't use the full amount the Fed had allowed it to pay in dividends.
