In 2009,J.P.Morgan cut its dividend down to $0.05 per share and the bank's share price increased in response.

Question

Quizplus · Accepted Answer

This statement is true. In 2009, J.P. Morgan cut its dividend down to $0.05 per share due to the financial crisis. However, investors viewed this as a positive move as it allowed the bank to conserve cash and strengthen its balance sheet, leading to a rise in the bank's share price.

In 2009,JP