Dividend Advisor Hotline – Friday, January 24, 2025
Article Excerpt
J.P. MORGAN CHASE & CO., $264.84, New York symbol JPM, is a buy.
Morgan is the largest banking firm in the U.S., with total assets of $4.00 trillion as of December 31, 2024.
With the October 2024, payment, Morgan increased your quarterly dividend by 8.7%, to $1.25 a share from $1.15. The new annual rate of $5.00 yields 1.9%.
In the three months ended December 31, 2024, Morgan’s earnings soared 54.1%, to $13.67 billion from $8.87 billion a year earlier. Due to fewer shares outstanding, per-share earnings rose at a faster rate of 58.2%, to $4.11 from $3.04. That topped the consensus estimate of $4.11.
The big earnings gain is partly because the year-earlier quarter included a $2.9 billion payment to the Federal Deposit Insurance Corporation (FDIC) to replenish losses from a fund that helped uninsured depositors of failed regional banks.
As well, Morgan set aside $2.63 billion to cover potential loan losses. That’s down 4.7% from $2.76 billion a year earlier as lower provisions…
Privacy Policy and Terms of Use
The Successful Investor Inc. and its affiliate Successful Investor Wealth Management (referred to hereafter as TSI Network) know that you care how information about you is used and shared, and we appreciate your trust that we will do so carefully and sensibly. This notice describes our privacy policy. By visiting websites owned by or associated with TSI Network, you are accepting the practices described in this Privacy Policy.
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We do not collect or disclose personal information, except when it is provided to us voluntarily by the site/store visitor with their consent.
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What personal information do we collect?
The information we receive from customers helps us personalize and continually improve your online experience at TSI Network. TSI Network may collect personal information online for all legal purposes, which include, but are not limited to:
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Does TSI Network Use the Information It Receives?
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Changes to this Policy
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