This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

10 Financial Stocks With Upside

8. JPMorgan Chase (JPM - Get Report) is a global financial services firm with businesses such as commercial banking, investment banking, asset management and private equity.

The company reported 2011 first quarter net income of $5.6 billion, higher than $3.3 billion achieved in the first quarter of 2010. The company's investment banking and retail financial services segments fared well, recording net profit growth of 58% year-over-year.

Jamie Dimon, the company's CEO said, "We strengthened our fortress balance sheet, ending the first quarter with a strong Basel 1 Tier 1 Common ratio of 10%. Looking forward, we intend to operate the business with the objectives of maintaining a Basel I Tier 1 Common ratio of at least 9% and meeting the Basel III requirements substantially ahead of time. Our earnings power will allow us to generate significant capital in excess of our objectives, enabling us to invest aggressively in our future." The Tier-1 capital ratio at the end of the March quarter was 12.1% and capital adequacy ratio was 15.5%.

During the quarter, JPMorgan provided credit and raised more than $450 billion capital and originated mortgages, offered credit cards, increased credit to small businesses, and lent to not-for-profit organizations, government bodies and corporations.

The stock is trading at 8.9 times its estimated 2011 earnings and analysts expect the stock to gain 27% over the next one year.
4 of 11

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
BAC $17.88 0.00%
BCS $17.98 0.00%
C $58.46 0.00%
CS $29.45 0.00%
IBN $10.07 0.00%

Markets

Chart of I:DJI
DOW 17,689.86 -56.12 -0.32%
S&P 500 2,103.84 -4.79 -0.23%
NASDAQ 5,128.2810 -0.5040 -0.01%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs