JPMorgan Chase Repays TARP funds

JPMorgan Chase (Ticker: JPM) announced this morning that they have paid back in full the $25 billion it accepted as a part of the TARP. In addition they reported that they have paid a total of $795,138,889 in dividends on the preferred stock. The next step is to repurchase the warrants issued to the government in connection with the preferred stock investment.