#5 - JPMorgan Chase (NYSE:JPM)
The demise of the “big banks” has been proven wrong more times than investors can count. It’s not to say they haven’t had their problems. Even JPMorgan Chase (NYSE:JPM) got caught up in a controversy of its own making with its backing of a European Super League that created a strong backlash from the international soccer community. And this came on the heels of JPMorgan CEO Jamie Dimon’s recent comments that support corporate activism in the body politic.
However, those investors who have been long in JPM stock over the last five years have been rewarded with a gain of over 130%. And if you go back to 2007 (before the financial crisis), JPM stock has outperformed the S&P 500 Index.
That’s the definition of a forever stock. And over that time, the bank’s dividend has been steadily increasing. Today the quarterly dividend sits at 90 cents per share and has increased at a rate of 76% in the last three years.
About JPMorgan Chase & Co.
JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.
More about JPMorgan Chase & Co.- Current Price
- $242.41
- Consensus Rating
- Hold
- Ratings Breakdown
- 10 Buy Ratings, 8 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $252.89 (4.3% Upside)
