Top Low-Risk Stock – JP Morgan Chase (JPM)
“Buy Below” price: $46
Picked by: Richard Band, editor of Profitable Investing
Strategy: Low-risk retirement investing that beats the market
I don’t like it any more than you do, but one clear result of the financial meltdown is that America’s banking business is now concentrated
in fewer hands. Fewer rivals mean fatter profit margins for the survivors. Among the big commercial banks, none has played a shrewder game than J.P.
Morgan Chase (JPM).
This strength was on display in the fourth quarter: $3.3 billion in earnings, or 74 cents a share on revenue of $25.2 billion. For the full-year
2009, net income totaled $11.7 billion, or $2.26 per share. That topped Wall Street forecasts by more than 20%. Not a bad year, considering the mayhem
2009 caused for other stocks. Things will only get better for JPM as the economy improves (albeit slowly) across 2010.
7 InvestorPlace Experts Offer Top Stocks for March
Article printed from InvestorPlace Media, http://investorplace.com/2010/03/top-rated-stocks-from-investorplace-experts-pcln-npd-dd-f-pla-jpm-mspd/.
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