5 Best Bank Dividend Stocks

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1. JPMorgan Chase & Co. (NYSE: JPM)

Number of Hedge Fund Holders: 111
Dividend Yield: 2.39%

JPMorgan Chase & Co. (NYSE: JPM) is a global financial services company operating in the diversified banks industry. It has four segments, namely the Consumer and Community Banking, Corporate and Investment Bank, Commerical Banking, and Asset and Wealth Management segments. The company ranks 1st on our list of the best bank dividend stocks.

Credit Suisse has an Outperform rating on JPMorgan Chase & Co. (NYSE: JPM) shares as of this July, alongside a raised price target of $177 versus the previous price target of $170.

In the second quarter of 2021, JPMorgan Chase & Co. (NYSE: JPM) had an EPS of $3.78, beating estimates by $0.62. The company’s revenue was $30.48 billion, also beating estimates by $762.45 million. JPMorgan Chase & Co. (NYSE: JPM) has also gained 14.49% in the past 6 months and 19.68% year to date.

By the end of the first quarter of 2021, 111 hedge funds out of the 866 tracked by Insider Monkey held stakes in JPMorgan Chase & Co. (NYSE: JPM) worth roughly $5.25 billion. This is compared to 112 hedge funds in the previous quarter with a total stake value of approximately $6.96 billion.

You can also take a look at 10 Best Finance Stocks To Buy Now and 10 Best Consumer Finance Stocks To Buy Now.

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