NEW YORK--(BUSINESS WIRE)--JPMorgan Chase today issued the following statement:
JPMorgan Chase has always believed that the first and foremost use of its capital is to support customers, clients and communities around the world. Throughout history, the company has been there for them in good times and bad — providing loans, capital and liquidity when they needed it most.
For corporate and institutional clients, as well as for governments globally, we have the strength and capital to support them with critical capital, liquidity and markets advice and execution.
For consumers, small businesses, homeowners, local governments and others, we recognize the strain and stress they can face during the current epidemic, and we are prepared to extend credit and assistance to our customers who need help.
Even if circumstances get dramatically worse, we have the capabilities and balance sheet to support the financial system and all of our constituencies. We stand ready to support our government in any way we can.
As the Financial Services Forum announced earlier today, JPMorgan Chase is joining other major U.S. financial services in suspending stock repurchases at this time. There is no change to the firm’s dividend policy.