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Empresas y finanzas

JPMorgan raises dividend, plans $12 billion stock buys


    (Reuters) - JPMorgan Chase & Co said on Tuesday it will raise its quarterly dividend by a nickel to 30 cents and buy back as much as $12 billion of stock this year.

    The announcement came two days before regulators plan to publicly announce results of their stress tests of bank capital levels.

    The shares surged on the news.

    (Reporting by David Henry in New York; Editing by Gerald E. McCormick)