10 Companies That Are Buying Back Their Stock in 2025

5. JPMorgan Chase & Co. (NYSE:JPM)

Q3 2024 buybacks: $6.36 billion

Number of Hedge Fund Holders: 123

JPMorgan Chase & Co. (NYSE:JPM) is the largest bank in the United States and a global financial powerhouse, offering a wide range of banking, investment, and asset management services. Through its consumer and commercial banking divisions, the firm provides lending, credit cards, and wealth management solutions, while its investment banking arm, J.P. Morgan, is a leader in M&A, trading, and capital markets. With a strong emphasis on technology and digital banking, the company continues to innovate in areas like AI, blockchain, and cybersecurity, in an attempt to streamline its operations and maintain its leading position.

JPMorgan Chase & Co. (NYSE:JPM) experienced a strong second half of 2024, with its share price currently near the all-time high. The company maintains a strong deposit franchise that has outperformed expectations, with deposit rate paid being lower than assumed and the deposit franchise performing better contingent on rate levels. The company’s net interest income guidance stands at $90 billion ex-markets and $94 billion firm-wide, with expectations of a mid-year trough followed by deposit growth reasserting itself in the second half of 2025.  In terms of technology investments, management believes the company has reached peak modernization while maintaining focus on product development and features. The consumer credit portfolio remains solid, primarily driven by the strong labor market, with charge-off rates, early roll rates, and cash buffers all in line with expectations. Regarding capital management, JPM has accumulated significant excess capital, currently representing about 10% of the market cap, and maintains a disciplined approach to capital deployment with buybacks at the bottom of the priority list. With $6.36 billion worth of stock repurchased in 3Q 2024, we believe JPM has less need for maintaining high cash reserves, as the macroeconomic outlook improves, and will gradually return capital back to shareholders.