The largest US bank, JPMorgan Chase, made an impressive profit in the most recent quarter despite billions in provisions for bad loans. With a net profit of $12.9 billion, the financial institution significantly exceeded analysts’ expectations. This success is also reflected in the share price, which was quoted at EUR 202.88 on October 12th, representing an impressive annual performance of 47.38 percent.
Dividend yield and outlook
For the 2024 financial year, JPMorgan is planning a dividend of 4.733 euros per share, which corresponds to a yield of 2.32 percent. Despite the positive quarterly report, CEO Jamie Dimon is cautious about the future, pointing to possible challenges in the volatile financial market.
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JPMorgan shares: buy or sell?! New JPMorgan analysis from October 13 provides the answer:
The latest JPMorgan figures speak for themselves: there is an urgent need for action for JPMorgan shareholders. Is it worth getting started or should you sell? In the current free analysis from October 13th you will find out what to do now.
JPMorgan: Buy or sell? Read more here…
