JPMorgan Boosts Buyback by $1.88 Billion With Fed's Blessing

JPMorgan Chase & Co., the biggest U.S. bank by assets, can buy back an additional $1.88 billion in stock through June after getting clearance from the Federal Reserve.

That would be on top of the $6.4 billion in buybacks approved by regulators in last year’s capital plan, the New York-based bank said Thursday in a statement. “The firm has received a non-objection from the Board of Governors of the Federal Reserve System to this increase,” the company said.