JPM - JPMorgan: A 6% Preferred Dividend Yield Remains Appealing
2024-05-04 11:40:00 ET
Summary
- JPMorgan reported strong net profit in Q1 with a total net interest income of $23.1B.
- Loan loss provisions are increasing but still a fraction of total earnings profile, indicating stability in the US banking sector.
- Series EE preferred shares issued by JPMorgan offer a 6% fixed preferred dividend yield, making them an attractive investment option.
Introduction
JPMorgan ( JPM ) doesn’t need a lengthy introduction as I think every investor is aware of this household name in the financial sector. I currently have no position anymore in JPMorgan but I'm keeping an eye on some of its preferred shares as I think it could still make sense to pick up some of the fixed rate preferred shares which are currently yielding around 6%. That also means I need to keep an eye on JPM’s financial performance and health to ensure the preferred dividends are still well covered and the balance sheet remains robust....
JPMorgan: A 6% Preferred Dividend Yield Remains Appealing