JP Morgan's Dividend Cut Announcement Cites Unemployment Rate & House Price Decline Estimates

This afternoon JP Morgan announced that it is cutting its dividend from $0.38/share per quarter to $0.05/share per quarter. What is interesting what they shared as their rationale for cutting the dividend.

Below, I have attached Slide #2 from the presentation in which JP Morgan provides a "highly stressed environment" in which they model a:

• 2 Year Recession
• 10% Unemployment Rate
• 40% Decline in Housing Prices (Peak to trough)
  

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