1. JPMorgan Chase
Shares of JPMorgan Chase closed at $42.09, returning 30% year-to-date, following a 20% decline during 2011.
The shares trade for 1.2 times tangible book value, and for eight times the consensus 2013 EPS estimate of $5.30. Based on a quarterly payout of 30 cents, the shares have a dividend yield of 2.85%.
JPMorgan reported third-quarter earnings of $5.7 billion, or $1.40 a share, increasing from earnings of 5.0 billion, or $1.21 a share, during the second quarter, when the company booked $4.4 billion in hedge trading losses. In Sept. 2011, the company earned $4.3 billion, or $1.02 a share.
The company suspended its share buyback program in May, after CEO James Dimon first announced the hedge trading losses. During the third-quarter earnings conference call, Dimon the company might resume share repurchases in the first quarter, but said buybacks before the next round of Federal Reserve stress tests would be "immaterial."Dimon also said during the call that "the Firm reported strong performance across all our businesses in the third quarter of 2012. Revenue for the quarter was $25.9 billion, up 6% compared with the prior year, or 16% before the impact of
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