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The 60-Second Case for JPMorgan Chase as a Strong Dividend Stock

Sophia Cai

Bank stocks haven’t been doing too hot, but (JPM) has proven itself to be among the best of the bunch. At a time when bank stocks have been weighed down by the Federal Reserve’s neutral approach to interest rates, JPMorgan’s broad-based growth has allowed the bank to drop just 1.8% during the past 12 months. JPMorgan (JPM) has a “very diverse group of businesses that really allow it to operate through the economic cycle,” Michael Barclay, a senior portfolio manager at Columbia Threadneedle Investments, told us.