Three Most Trusted Dividend Companies: JPMorgan Chase
JPM shares are trading
30% off their peak prices. Its net profit hit $9.7 billion in the last quarter
compared with $8.6 billion in the previous one. Rising interest rates could
significantly support its banking business, helping loans generate a decent
amount of profit. The deposit margin in the Q3 2022 rose to 1.83% year-on-year
from 1.29% a year before.
The Credit Adequacy
Ratio (CAR), which indicates a bank’s available capital and it the most adequate
measurement that represent all assets, including the risky ones, is rarely
published. Instead, the Common Equity Tier 1 (CET1) capital is disclosed that
is based only on common stocks, net surplus and other accrued revenues. CET1
should be above 4.5%, while JPM has it at 12.5% and it is going to be increased
to 13% by the beginning of 2023. The bank is planning to resume active buy
backs in 2023. JPM stocks dividend yield is at 3.6%, while P/E ratio is at 10,
which is considered to be attractively low for such kind of assets.
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