If you're looking for a stock you can trust to deliver not only solid dividend income but also excellent long-term returns, look no further than financial services giant JPMorgan Chase (NYSE:JPM). You won't find many stocks that are more stable and reliable than this one. JPMorgan Chase is the largest bank in the U.S., but it is also a diversified financial services firm that has outperformed all of its big-bank peers over the past decade. Here's why it's a dividend stock you can trust.
JPMorgan Chase has been the best-performing bank over the past decade, and its leadership in the industry continues today by just about any measure. Over the past 10 years, JPMorgan Chase has increased revenue by 13% per year on an annualized basis, and its stock price has climbed 16% per year. The company also held its value during the worst financial crisis in more than a decade. Last year, a terrible one for banks, JPMorgan Chase only saw a 5% decline in its stock price, outperforming its peers. This year, it's up about 24% year to date, which is about the average for the banking industry, and it's returned 58% over the past year.
Source: Motley Fool
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Here's 1 High-Yield Dividend Stock You Can Trust
Posted by D4L | Wednesday, October 27, 2021 | ArticleLinks | 0 comments »________________________________________________________________
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