Shares of JPMorgan Chase have returned 13% year-to-date, following a 36% return during 2012. The shares trade just above tangible book value, according to Thomson Reuters Bank Insight, and for 8.5 times the consensus 2014 earnings estimate of $5.77 a share, among analysts polled by Thomson Reuters. The consensus 2013 EPS estimate is $5.43. Based on a quarterly payout of $0.30, the shares have a dividend yield of 2.44%. Guggenheim analyst Marty Mosby rates JPMorgan Chase a "buy," and on Feb. 5 raised his price target for the shares to $61.00 from $55.00, while raising his 2013 EPS estimate for the company to $5.80 from $5.47 and his 2013 EPS estimate to $6.46 from $6.40. Mosby raised price targets and earnings estimates for most of the large-cap banks covered by his firm, predicting that 2013 would be another strong recovery year for the industry, and saying in a report that Guggenheim's 2013 earnings estimates "remain about 5% higher than the market consensus, due to expected positive impacts from efficiency gains and share repurchases this year."
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