Mar 22, 2024
Hot Stocks 🔥

Dividends Up By 9.5% At JP Morgan Chase & Co

Name of opportunity: 👀

JPMorgan Chase & Co.

Dividends blowing up: 💥

The company has decided to increase its dividend offering, rewarding shareholders after a year of record profit. JPMorgan Chase & Co recorded a net profit of $49.6 billion last year, an increase of 32%. 

The dividend yield is 2.06%. This means that based on the last 12 months, if you invested $1000, you would be paid $20.60 a year in dividends. It’s an above average offer, and while dividends are never guaranteed, JPMorgan has a consistent track record of making regular dividend payments. 

Over the last month, JPMorgan Chase & Co has risen in value by 9.58%, with a rise of 0.91% in one day alone, likely as a result of the dividends news. 

How hot is this investment opportunity? 🔥🔥🔥🔥

For anyone who is looking to invest in income stocks, this could be a great opportunity. 

Investors will need to buy stock by April 2. The dividend expiry date is 4 April and you need two days for your purchase to be recorded in order for you to become an official shareholder. 

Then, you will need to hold the stock until April 5. On April 30, you will receive your dividend payment. 

The USA’s biggest bank: 🏦

JPMorgan Chase & Co is the largest bank in the US, as well as the world’s largest bank by market capitalization as of 2023. It’s the world’s fifth-largest bank by assets, with US$3.9 trillion. Its origins lie in JPMorgan & Co, founded by John Pierpont Morgan in 1871 - but during the bank’s long history, it has merged with numerous other institutions. 

JPMorgan Chase & Co provide commercial banking services in addition to private banking and wealth management. In 2024, J.P. Morgan Private Bank was named World’s Best Private Bank for the fifth year running by Global Finance Magazine. 

Which neme?: 🔍

‘Moderate Volatility Stocks’, ‘Banks’, ‘Largest U.S. Stocks’.

Han Tan

Han Tan is a seasoned financial journalist and news presenter renowned for his expertise in global markets. With a career highlighted by interviews with prominent figures and recognition from major media outlets like CNN and Reuters, he delivers insightful analysis on market news and macroeconomic trends to clients and international audiences. Han's sharp commentary on currencies, stocks, and commodities is familiar to viewers of Bloomberg TV Malaysia, BFM 89.9, and NTV7, cementing his sterling reputation in the industry.