Should You Deposit a Thousand Dollars in JPMorgan Chase & Co. Right Now?

    JPMorgan Chase (NYSE: JPM), the nation's largest bank, announced a dividend of $ 0.90 per share for the fourth quarter on Tuesday. The dividend to be paid on January 31, 2021 did not change compared to the previous quarter. During the year, JPMorgan pays $ 3.60 per share as dividends. It's the 10th year it has steadily increased its dividends. With $ 2.9 trillion in assets, the company has a dividend yield of 2.95 percent, above the average for the last decade. Having a profit distribution rate of approximately 48 percent, the bank is above its average in the last 10 years. JP Morgan Stock value has lost nearly 12 percent from the beginning of the current year to the present, but outperformed other giant rivals. JP Morgan's net income increased by 4 percent in the third quarter. Earnings per share increased by 9 percent to $ 2.92 compared to the same period of the previous year. In addition, the bank, whose return on equity is strengthened by 15 percent, is in a very solid state with a 58 percent efficiency rate. All figures are good in this difficult environment for banks. Referring to the federal government this week, on the advice of the JPMorgan Chase Policy Center, the economic challenges posed by the ever-rising unemployment and declining savings; Called for additional incentives and extended unemployment insurance packages for Americans. In addition, CEO Jamie Dimon appeared at the Goldman Sachs US Financial Services Conference on Tuesday to say that the company is open to hiring an asset manager. Ceo Dimon said at the conference, "We are open-minded. If you are a competitive investment bank and you have brilliant ideas, call me. If you bring the idea, you will get the fee." Dimon also talked about the recent moves made by rival Morgan Stanley (NYSE: MS), which this year acquired E * Trade and asset manager Eaton Vance.

Should You Deposit a Thousand Dollars in JPMorgan Chase & Co. Right Now?

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