|Bid||102.81 x 800|
|Ask||102.89 x 1800|
|Day's Range||102.28 - 103.49|
|52 Week Range||91.11 - 119.24|
|Beta (3Y Monthly)||1.04|
|PE Ratio (TTM)||11.43|
|Forward Dividend & Yield||3.20 (3.06%)|
|1y Target Est||N/A|
The inventor of the blue jean is back in the public markets after more than 3 decades.
The iconic apparel maker’s initial public offering showed investors are ready to buy into a company that wants to be known for more than just denim. Shares were up 32 percent to $22.44 at 2:54 p.m. in New York, giving the company a market value of $8.7 billion. “The fact that the stock opened up so dramatically does show the appetite for this brand both by investors and also consumers,” Levi Strauss Chief Executive Officer Chip Bergh -- wearing a pair of Levi’s jeans -- said in an interview at the New York Stock Exchange.
No one seems to agree what JPM Coin is, what it’s intended to do, what it competes with, or whether it is a vote of confidence in cryptocurrencies, an attempt to hijack crypto ideas in evil big bank ways, or an unremarkable traditional ledger dressed in crypto clothes for publicity purposes. It shares more DNA with Bitcoin than any product announcement so far from a major financial institution, but it has some traditional bank in there too. This diagram from JPMorgan caused the confusion.
Wall Street's banks may become the biggest victims of the Fed’s growing dovishness. Big bank stocks slumped the most in two months on Wednesday after Fed Chairman Jerome Powell left interest rates unchanged and signaled to keep it that way until at least the end of the year. The news comes at a time when bank stocks were making a strong rebound following last year’s miserable performance.
Financial stocks fell Friday, and were the only sector of the S&P 500's 11 sectors to be losing ground, as Treasury yields extending declines amid growing concerns of a slowing economy. The SPDR Financial Select Sector ETF declined 0.4%, and has now lost 3.2% amid a 3-session losing streak. Among some of the financial ETF's most heavily weighted components, shares of J.P. Morgan Chase & Co. fell 1.8% to pace the Dow Jones Industrial Average's decliners, Bank of America Corp. shed 1.4%, Citigroup Inc. slid 1.0%, Goldman Sachs Group Inc. gave up 0.3% and Wells Fargo & Co. lost 1.2%. Meanwhile, the yield on the 10-year Treasury yield declined 1.4 basis points to a 14-month low of 2.451%, in the wake of the Federal Reserve's dovish message, in which the central bank cut its outlook for economic growth and inflation, as well as its projections for interest-rate hikes to none from two. Lower Treasury yields can hurt bank profits, as they narrow the spread between what banks earn on longer-term assets, like loans, that are funded by shorter-term liabilities.
Brazilian power company Neoenergia SA has picked the investment banking units of JPMorgan Chase & Co, Bank of America Corp and Banco do Brasil SA to manage its initial public offering, three people familiar with the matter said on Wednesday. Other banks may still join the group managing the IPO, added one of the sources, who asked for anonymity to discuss the plans openly. Neoenergia, JPMorgan, Bank of America and Banco do Brasil declined to comment.
WASHINGTON (AP) — Top U.S. CEOs reported Wednesday that their economic outlook weakened in the first three months of the year although it remains above its historical average.
The Dow Jones Industrial Average takes a fair amount of criticism from market pundits and financial experts. Some of that criticism is justified and often stems from just how the index its weighted. But you can't deny that the Dow Jones stocks are still some of the most important companies in the entire U.S. and overall world. With the thirty Dow Jones stocks being powerhouses in their respective fields, they feature enviable moats, large cash flows and big-time profits.And yes, stable and growing dividend payments.Overall, the Dow Jones stocks can be an income seeker's best friend. And just buying the index can lead to some good results. The index tracking SPDR Dow Jones Industrial Average ETF (NYSEARCA:DIA) pays a decent 2.25% yield. That's not too shabby at all. However, investors who are serious about finding more income need to dig deeper into Dow Jones stocks and take a look at individual names.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Stocks on the Rise Heading Into the Second Quarter But which ones? Here are five of the best Dow Jones dividend stocks to buy today. Top Dow Jones Dividend Stocks: Cisco Systems (CSCO)Source: Shutterstock Dividend Yield: 2.63%Dow Jones stock Cisco Systems (NASDAQ:CSCO) is proof that old dogs can learn new tricks and that tech's elder statesmen still have plenty of growth behind them.After being the go-to networking firm during the dotcom days, CSCO switched gears to offer more services and other products to go along with their networking equipment. It turns out this was a great idea. Services revenues for the firm continue to surge. Even better is that subscriptions for software and services jumped to be 65% of Cisco's non-equipment revenues. These reoccurring revenues provide the firm with a long runway to keep growth going. And with reoccurring and services profit margins well into the double digits, Cisco has indeed been growing.The firm managed to see double-digit non-GAAP per share growth in the last quarter.And as expected, CSCO has been sharing its growth with shareholders. Since its first dividend payout in 2011, Cisco has upped its dividend by over 480%. That includes the 6% jump at the beginning of this year. This dividend growth rate puts the networking firm in very elite company among Dow Jones stocks.Add in its hefty buyback programs and continued revenue/cash flow growth, CSCO belongs in every income investor's portfolio. Pfizer (PFE)Source: Kojach Via FlickrDividend Yield: 3.45%Like Cisco, pharmaceutical firm Pfizer (NYSE:PFE) has been able to find growth and additional sources of revenue in recent years. Like many pharmaceuticals, PFE was facing a major patent cliff as several of its blockbusters -- such as Lipitor and Viagra -- went off patent. However, PFE was able to fill those holes with several other major product launches as well as targeting biosimilars and generic drugs. New cancer and recently launched biotech drugs have set the firm back on the path to growth once more. And with a robust pipeline, PFE should continue to shine in the future.And those drugs will get a chance to shine pretty bright thanks to a spin-off/merger.Pfizer already spun-out its slow-moving animal health division as Zoetis (NYSE:ZTS). However, the firm announced that it plans on merging its consumer health division with GlaxoSmithKline's (NYSE:GSK). The deal will push some of the boring and slow-growing pieces of its pie outwards and let the higher-margined drugs shine. This should strengthen its cash flows and dividends further. * 5 of the Best Stocks to Buy Under $10 And speaking of those dividends, PFE recently upped its payout by 5.88% on the back of robust cash flows and increased earnings from its new drugs. That dividend represents the company's 322 consecutive payout and its ninth year of annual dividend increases. Top Dow Jones Dividend Stocks: Chevron (CVX)Source: swong95765 via Flickr (Modified)Dividend Yield: 3.58%Big oil is a great place to find big dividends. That includes top Dow Jones stocks like Chevron (NYSE:CVX). CVX has long been a great place to find higher yields and more recently that yield has gotten better.Like many energy stocks, Chevron dug in deep and cut costs, reduced its drilling and focused on profitable long-term production efforts during the last oil rout. With many of these projects now starting to produce some hefty natural gas and oil, CAPEX spending at the oil giant has decreased. Meanwhile, higher overall oil prices have helped boost cash flows at the firm. All of which has made its dividend that much stronger.After several years of token dividend increases, CVX has finally gotten back to meaningful raises and upped its payout by 6.25% at the start of the year. Today, CVX yields a high 3.58%. That's all thanks to rising cash flows and better margins.Even better is that the firm has recently announced that it plans on doubling down its exposure to low-cost shale in the Permian Basin. Over the next four years, CVX plans on doubling its output in the region to more than 900,000 barrels per day. Given how juicy margins are in the shale, this will only help the firm and its investors further.After a rocky patch, Chevron is back on track to being one of the top Dow Jones stocks. Top Dow Jones Dividend Stocks: JPMorgan Chase & Co (JPM)Source: Shutterstock Dividend Yield: 3%When it comes to banks in the Dow Jones, JPMorgan (NYSE:JPM) can't be beaten. As the nation's largest bank, JPM features a huge competitive advantage, large moat and an asset base that only a few competitors can even come close to. And that base continues to get better.Last quarter, JPM managed to see its loans and deposits grow by 2% and 3%, respectively. Meanwhile, credit card sales jumped by 10% year-over-year. This is wonderful news for the bank. Banks like JPM profit from something called net-interest margins. Basically, it's the difference between what they charge on loans and what they hand back on deposits. With rates rising and the economy growing, this has been a boon to JPM's cash flows over the last year or so.Meanwhile, the firm continues to benefit from rising trading, asset management, corporate and high net worth/private banking growth. All of which has helped grow the bank at superb rates. Fellow InvestorPlace contributor Tom Taulli recently highlighted J.P. Morgan's amazing ability to generate strong returns on tangible common equity -- besting many of its peers by a wide margin. * 7 Video Game Stocks on Steep Discount With the bank trading at 3% yield and a forward price-to-earnings ratio of just 10, JPM is one heck of a bargain. And with its ability to generate strong returns and cash flows, income seekers should be snagging up shares of this Dow Jones stock with both hands. Top Dow Jones Dividend Stocks: Procter & Gamble (PG)Source: Mike Mozart via Flickr (Modified)Dividend Yield: 2.8%When it comes to Dow Jones stocks, boring can be beautiful. Consumer products giant Procter & Gamble (NYSE:PG) is a testament to that. Selling Crest toothpaste, Tide laundry soap and Bounty paper towels isn't a very exciting business, but it is stable. And over the decades, that stability has made PG a dividend machine. The firm has managed to raise its dividend for 62 consecutive years and currently offers a hefty 2.8% dividend yield.The best part is that PG has continued to try and improve its business and add some significant innovation to its portfolio.That turnaround is paying benefits in a big way. The firm has managed to pick up some meaningful market share versus rivals, with organic growth growing by over 4%. This was driven by product innovation and is now the second quarter of 4% organic growth. Meanwhile, cost cutting exercises and a lower overall tax rate helped boost margins to 22%. Overall, Procter & Gamble managed to crush expectations when it came to earnings-per-share. With the big beat, it helped cement that PG's turnaround is working.Also underscoring that fact further was Procter & Gamble's massive $4 billion in operating free cash flows.For investors, PG stock isn't insanely exciting, but it can provide a steady stream of dividend growth for years to come. And that makes it one of the best Dow Jones stocks for income seekers.At the time of this writing, Aaron Levitt did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Invincible Stocks Leading The Bull Market Higher * 5 Dow Jones Stocks Coming to Life * 7 of the Best High-Yield Funds for 2019 and Beyond Compare Brokers The post 5 of the Best Dow Jones Stocks to Buy for Solid Dividends appeared first on InvestorPlace.
J.P. Morgan Chase CEO Jamie Dimon says big tech companies should gird themselves for the type of regulatory onslaught that the big banks experienced after the financial crisis. J.P. Morgan Chase JPM CEO Jamie Dimon said that tech giants should gird themselves for the type of regulatory onslaught that the big banks experienced after the financial crisis.
The Dow Jones Industrial Average held a stingy loss ahead of a new Federal Reserve announcement. More stocks in the IBD 50 are crafting bases.
Today is historic for Disney (NYSE:DIS) stock, as the company closed its $71 billion acquisition of assets of Twenty-First Century Fox (NASDAQ:FOX).Source: Shutterstock For Disney CEO Robert Iger, the deal had its challenges. Keep in mind that Disney's rival, Comcast, (NASDAQ:CMCSA) tried to buy the Fox assets. But Iger got aggressive, boosting the price that DIS was willing to pay by about $19 billion. * 5 Cloud Stocks to Help Your Portfolio Fly But I think it was a good move, and the deal is likely to spark meaningful increases in the DIS stock price. The transaction brought marquee assets to DIS, like major film franchises (Avatar and Marvel's X-Men), TV shows (Empire, Modern Family, American Horror Story: Roanoke and American Dad) and cartoons (Ice Age and Rio).Yet there are certainly more reasons to be bullish about DIS stock than just the FOX deal.InvestorPlace - Stock Market News, Stock Advice & Trading TipsSo let's take a look at three reasons to be bullish about Disney stock. Reason to Be Bullish on Disney Stock: Diverse AssetsAs seen with companies like GE (NYSE:GE), it's tough to run disparate businesses. But this has not been an issue for Disney. The company's diverse assets all are well-managed and seamless.The conglomerate's Parks and Consumer Products segment continues to grow at a nice pace. Keep in mind that the unit has been able to raise its prices, a testament to the power of the company's premium brand and a positive catalyst for Disney stock price. And the company continues to launch new parks, such as those focused on Star Wars.Then there is Disney's studio business. Last quarter, the company's movie unit slipped, as some films, such as Mary Poppins Returns and The Nutcracker and the Four Realms, performed badly at the box office.But in 2019, Disney's strong slate of movies should be a positive catalyst for Disney stock. Some of the company's upcoming films are Dumbo, Aladdin, Star Wars: Episode 9, Frozen 2 and Avengers: Endgame. It's pretty reasonable to assume that some of these flicks will be mega hits. Reason to Be Bullish on Disney Stock: StreamingStreaming is likely to be a game-changer for Disney stock. Iger is going all in on streaming. In the wake of the FOX deal, Disney's equity position in Hulu will rise to 60%. The service currently has 25 million subscribers.But the Disney+ streaming offering will be a bigger driver of Disney stock price. The service, which is expected to launch later this year, will have rich content, with titles from the Pixar, Marvel and Lucasfilm franchises. Also available through the channel will be the entire "Disney Vault," which is the company's large set of animated films. That content alone is likely to make Disney+ a must have for many consumers.Indeed, JPMorgan's (NYSE:JPM) Alexia Quadrani predicts that the service could attract as many as 50 million subscribers by the end of next year and eventually surpass Netflix (NASDAQ:NFLX). If she's right, Disney stock would be boosted by a notable increase of the company's recurring revenues. Moreover, the company's relationships with its customers would be strengthened, potentially leading to better targeting and content.Actually, if DIS gets that kind of traction, there would be a disconnect between its performance and DIS stock price. After all, DIS stock has a market cap of $167 billion whereas that of NFLX stock is $161 billion. Reason to Be Bullish on Disney Stock: Financials and ValuationThe valuation of Disney stock is fairly reasonable, as its forward price-earnings ratio is about 16. That is in-line with the multiple that DIS stock has had for the past four to five years. But with the expected catalysts from the film pipeline, the growth of the Parks business and the boost from streaming, the multiple of Disney stock could easily increase.Tom Taulli is the author of High-Profit IPO Strategies, All About Commodities and All About Short Selling. Follow him on Twitter at @ttaulli. As of this writing, he did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Invincible Stocks Leading The Bull Market Higher * 5 Dow Jones Stocks Coming to Life * 7 of the Best High-Yield Funds for 2019 and Beyond Compare Brokers The post 3 Reasons to Be Bullish on Disney Stock appeared first on InvestorPlace.
Analysts for Jim Cramer's Action Alerts Plus portfolio, which owns JPMorgan, take a similar view. "We view JPMorgan as the best of breed large cap financial," they write. Although next year's earnings are expected to grow a much less impressive 8%, in part driven by the drop off in year-over-year tax benefits, JPMorgan still looks positioned to execute well in the foreseeable future.
JPMorgan Chase (JPM) closed at $106.80 in the latest trading session, marking a -0.36% move from the prior day.
Banking technology and its high costs are at the root of Chase Bank’s decision to enter the retail bank fray in St. Louis after avoiding it up till now, a St. Louis bank analyst says.
The goal is part of a five-year initiative designed to bolster digital skills among those without a traditional college degree.
Despite intense competition among ETFs service providers, Goldman's (GS) acquisition of S&P's Investment Advisory Services will help boost revenues.