J.P. Morgan Chase & Co. $64 – New York symbol JPM

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J.P. MORGAN CHASE & CO. $64 (New York symbol JPM; Income Portfolio, Finance sector; Shares outstanding: 3.6 billion; Market cap: $230.4 billion; Priceto- sales ratio: 2.6; Dividend yield: 3.0%; TSINetwork Rating: Average; www.jpmorganchase .com) plans to buy back up to $10.6 billion worth of its shares by June 30, 2017. The bank also raised its quarterly dividend by 9.1%, starting with the July 2016 payment, to $0.48 a share from $0.44. The new annual rate of $1.92 yields 3.0%. The stock trades at 11.4 times Morgan’s projected 2016 earnings of $5.61 a share. J.P. Morgan Chase is a buy. buy…