#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 operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit, investment and lending products, cash management, and payments and services; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.
Read More - Current Price
- $243.16
- Consensus Rating
- Hold
- Ratings Breakdown
- 11 Buy Ratings, 7 Hold Ratings, 2 Sell Ratings.
- Consensus Price Target
- $245.83 (1.1% Upside)
