JP Morgan Chase
New York symbol JPM, provides a wide range of banking and other financial services in the United States and over 60 other countries.
J.P. MORGAN CHASE & CO. $34 (New York symbol JPM; Income Portfolio, Finance sector; Shares outstanding: 3.9 billion; Market cap: $132.6 billion; Price-to-sales ratio: 1.3; Dividend yield: 2.9%; TSINetwork Rating: Average; www.jpmorganchase.com) is one of the world’s largest financial-services companies, with 5,400 retail bank branches in the U.S. It also offers credit cards, wealth-management and investment-banking services.
In the three months …read more »
Low interest rates, high unemployment and new banking regulations continue to weigh on the stock prices of Wells Fargo and J.P. Morgan. However, both companies have brought in tighter lending policies. That lowers their risk and improves their long-term outlooks.
WELLS FARGO & CO. $26 (New York symbol WFC; Conservative Growth Portfolio, Finance sector; Shares outstanding: 5.3 billion; Market cap: $137.8 …read more »
J.P. MORGAN CHASE & CO. $33 (New York symbol JPM; Income Portfolio, Finance sector; Shares outstanding: 3.8 billion; Market cap: $125.4 billion; Price-to-sales ratio: 1.8; WSSF Rating: Average) has bought back the $25 billion in preferred shares that it sold to the U.S. Treasury under the Troubled Asset Relief Program (TARP) last year.
The bank expects to record a $1.1-billion charge …read more »
We still think high-quality mutual funds with a long-term focus will beat stock-market indexes over time. If funds invest as we advise — sticking with well-established companies and spreading their assets across the five main economic sectors — they will likely lose a lot less than the indexes during a significant market downturn.
That’s because big market slides are particularly hard …read more »
S&P DEPOSITORY RECEIPTS $92.14 (American Exchange symbol SPY; buy or sell through brokers) are commonly called “Spiders.” The fund holds the stocks in the S&P 500 Index, which consists of 500 major U.S. stocks that are chosen based on their market share, liquidity and industry group.
The index’s 10 highest-weighted stocks are: Exxon Mobil, Procter & Gamble, General Electric, AT&T, Johnson …read more »
S&P DEPOSITORY RECEIPTS $87.32 (American Exchange symbol SPY; buy or sell through brokers) are commonly called ‘Spiders’. The fund holds the stocks in the S&P 500 Index. This index is comprised of 500 major U.S. stocks chosen for market size, liquidity, and industry group representation.
The 10 highest weighted stocks on the index are Exxon Mobil, Procter & Gamble, General Electric, …read more »
We still think high-quality mutual funds with a long-term focus will beat indexes over long periods. If funds invest as we advise — sticking with well-established companies and spreading their assets out across the five main economic sectors — they will tend to lose a lot less than the market indexes in periods when the indexes fall sharply.
That’s because big …read more »
SCOTIA U.S GROWTH FUND $6.49 (CWA Rating: Conservative) (Scotia Securities, 40 King Street West, 6th Floor, Toronto, Ontario M5H 1H1. 1-800-268-9269; Website: www.scotiabank.com. No load — deal directly with the company.) looks at a company’s fundamentals such as earnings, dividend yield, book value, cash flow and low debt, as well as its management, to find undervalued stocks.
The $36.0 million Scotia …read more »
We still advise keeping around 25% of your portfolio in U.S. stocks or mutual funds that hold U.S. stocks.
Our view is that if you stay out of the U.S. market, you miss out on major multi-national investment opportunities that just aren’t available anywhere else. As well, by spreading your investments out between the U.S. and Canada, you can get all …read more »
AIC AMERICAN ADVANTAGE FUND $5.70 (CWA Rating: Aggressive) (AIC Group of Funds, 1375 Kerns Road, Burlington, Ont., L7R 4X8, 1-800-263-2144; Web site: www.aicfunds.com. Buy or sell through brokers) invests mostly in U.S. stocks, with over 99% of assets in the financial services area.
The fund’s holdings in this segment break down as follows: Property & casualty insurance companies, 20.9%; Life & …read more »
