Published March 17, 2016 5:19pm EDT | Updated March 17, 2016 6:03pm EDT

J.P. Morgan Board Increases Share Buyback Plan By $1.88 Billion

J.P. Morgan Chase & Co. said late Thursday its board increased the bank's share buyback authorization by $1.88 billion, or nearly 30%. The increase is in addition to the $6.4 billion share purchase plan already approved by the board, J.P. Morgan said. Shares of J.P. Morgan advanced 0.9% to $59.29 after hours, after closing Thursday's session down 0.3%.