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
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV