Topic: How To Invest

Wall Street Stock Forecaster Hotline – Friday, June 28, 2019

Article Excerpt

J.P. MORGAN CHASE & CO., $111.80, New York symbol JPM, is the largest banking firm in the U.S., with total assets of $2.74 trillion as of March 31, 2019. The bank passed the U.S. Federal Reserve’s latest stress test. It measures how financial firms would cope with a jump in unemployment, falling stock prices and other unfavourable developments. Morgan’s successful review means it plans to increase its quarterly dividend by 12.5%. Starting with the third quarter payment, investors will receive $0.90 a share, up from $0.80. The new annual rate of $3.60 yields 3.2%. In addition to the dividend hike, the bank plans to buy back up to $29.4 billion in common shares by June 30, 2020. That’s equal to 8% of its market cap. OUR RECOMMENDATION: J.P. Morgan Chase is our #1 Income buy for 2019. J.P. Morgan recent coverage: Hotline for April 12, 2019 February 2019 issue CONAGRA BRANDS INC., $26.52, New York symbol CAG, makes packaged foods, including Chef Boyardee canned pasta, Hunt’s…