“Stress test” results add to their appeal

Wells Fargo and J.P. Morgan passed the Federal
Reserve’s latest “stress test,”which measures how well
financial firms would cope with a sharp jump in unemployment,
falling stock prices and other unfavourable
conditions. That gives both banks more room to raise
their dividends and buy back shares. They are also
attractive in… Read More

J.P. MORGAN CHASE & CO. $56 – New York symbol JPM

J.P. MORGAN CHASE & CO.
$56 (New York symbol JPM;
Income Portfolio, Finance sector;
Shares outstanding: 3.8 billion;
Market cap: $212.8 billion; Price-to-sales ratio: 2.2;
Dividend yield: 2.9%; TSINetwork Rating: Average;
www.jpmorganchase.com) earned $5.3 billion, or
$1.28 a share, in the three months ended March 31, 2014. That’s down 19.2% from $6.5… Read More

BANK OF NOVA SCOTIA $63 – Toronto symbol BNS

BANK OF NOVA SCOTIA $63 (Toronto symbol BNS; Conservative Growth and Income Portfolios, Finance sector; Shares outstanding: 1.2 billion; Market cap: $75.6 billion; Price-to-sales ratio: 2.6; Dividend yield: 3.9%; TSINetwork Rating: Above Average; www.scotiabank.com) is Canada’s thirdlargest bank, with assets of $743.8 billion.

The bank… Read More