JPMorgan Chase is the largest bank in the United States, with $1.6 trillion in deposits from more than 5,000 retail bank branches spread across the country. When it withdraws liquidity from the U.S. financial system, that has a reverberating impact.
According to the filings that JPMorgan Chase makes annually with the Securities and Exchange Commission, since 2013 JPMorgan Chase has spent $77 billion buying back its own stock. That includes the whopping $17.01 billion it has spent in just the first nine months of this year buying back its stock.
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