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Highest Dividend Yield in the Other Diversified Financial Services Industry Detected for JPMorgan Chase (JPM, BAC, C)

Published on Tue, 04/23/2013 - 10:17
By Peter Chu

Below are the three companies in the Other Diversified Financial Services industry with the highest dividend yields. Dividends can enhance returns for investors seeking income in addition to capital gains.

JPMorgan Chase (NYSE:JPM) is highest with a dividend yield of 2.4%. JPMorgan Chase & Co. provides global financial services and retail banking. The Company provides services such as investment banking, treasury and securities services, asset management, private banking, card member services, commercial banking, and home finance. JP Morgan Chase serves business enterprises, institutions, and individuals.

Potential upside of 13.9% exists for JPMorgan Chase, based on a current level of $47.70 and analysts' average consensus price target of $54.35. The stock should hit resistance at its 50-day moving average (MA) of $48.74, as well as support at its 200-day MA of $42.78.

Following is Bank of America (NYSE:BAC) with a dividend yield of 0.3%.

Finishing up the top three is Citigroup (NYSE:C), with a dividend yield of 0.1%.

By Peter Chu
pchu@fnno.com