Top U.S. bank poised for more dividend hikes

J.P. MORGAN CHASE & CO. $110 (New York symbol JPM; Conservative Growth Payer Portfolio, Finance sector; Shares outstanding: 3.4 billion; Market cap: $374.0 billion; Dividend yield: 2.0%; Dividend Sustainability Rating: Above Average; www.jpmorganchase.com) is the largest banking firm in the U.S., with total assets of $2.6 trillion as… Read More

Top U.S. bank on track for further gains

J.P. MORGAN CHASE & CO. $116 (New York symbol JPM; Income Portfolio, Finance sector; Shares o/s: 3.5 billion; Market cap: $406.0 billion; Price-to-sales ratio: 4.3; Dividend yield: 1.9%; TSINetwork Rating: Average; www. jpmorganchase.com) is the largest banking firm in the U.S., with total assets of… Read More

Q: Hi, Pat. I have held Bank of America for a number of years and have a profit of over 50%. Do you see a further increase in value of this stock in the future? Also, I hear that Warren Buffett is buying more shares. Thanks.

A: Bank of America, $24.89, symbol BAC on New York (Shares outstanding: 10.6 billion; Market cap: $260.6 billion, www.bankofamerica.com), has moved up since November 2016, along with many other U.S. bank stocks.

Those gains are partly because the Trump administration has pledged to reduce some of… Read More