Big banks keep cutting their risk

These two leading banks have recovered strongly from the 2008/2009 financial crisis. Their healthier balance sheets and tighter lending policies have also lowered the risk of future writedowns. We feel J.P. Morgan is the better choice right now.

WELLS FARGO & CO. $34 (New York symbol… Read More

Complex hedges still weighing on Morgan

J.P. MORGAN CHASE & CO. $35 (New York symbol JPM; Income Portfolio, Finance sector; Shares outstanding: 3.8 billion; Market cap: $133.0 billion; Price-to-sales ratio: 1.4; Dividend yield: 3.4%; TSINetwork Rating: Average; www.jpmorganchase.com) now says it lost $4.4 billion in the second quarter on hedging contracts… Read More

Morgan suspends share buybacks

J.P. MORGAN CHASE & CO. $34 (New York symbol JPM; Income Portfolio, Finance sector; Shares outstanding: 3.8 billion; Market cap: $129.2 billion; Price-to-sales ratio: 1.3; Dividend yield: 3.5%; TSINetwork Rating: Average; www.jpmorganchase.com) recently announced a $2-billion loss on complex hedging contracts that it uses to… Read More

J.P. MORGAN CHASE & CO. $34 – New York symbol JPM

J.P. MORGAN CHASE & CO. $34 (New York symbol JPM; Income Portfolio, Finance sector; Shares outstanding: 3.8 billion; Market cap: $129.2 billion; Price-to-sales ratio: 1.3; Dividend yield: 3.5%; TSINetwork Rating: Average; www.jpmorganchase.com) recently announced a $2-billion loss on complex hedging contracts that it uses to… Read More