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from24/7 Wall St.
2 weeks agoJPMorgan Chase Raises Dividend 7.1% And Stock Has Room To Run
JPMorgan Chase raised its quarterly dividend by 7% to $1.50 per share, marking 14 consecutive years of dividend growth.
Revenue hit $11 billion, beating the $10.3 billion estimate by roughly 7%. Free cash flow surged from .6 billion last Q4 to $1.8 billion this year. The company doubled its quarterly dividend to $0.50 and raised 2028 revenue guidance to $56 billion, up from prior expectations near $52 billion. Management projects cumulative free cash flow of $24 billion through 2028.
Alphabet's first-quarter results should calm investors' concerns for now, but the outlook for the rest of the year is clouded by how a tariff-induced economic slowdown could impact Alphabet's massive advertising business.