subman
Introduction
JPMorgan Chase (NYSE:JPM) is one of the largest banks in the world. In addition to offering common shares, the bank also offers preferred shares. Back in June, I profiled how investors could get better yields
Dump The CDs For JPMorgan Chase's 5.7% Yielding Preferred Shares
Summary
- JPMorgan Chase's Series DD and GG preferred shares are recommended due to better yields and lower call risk compared to Series EE.
- The bank's Q4 earnings exceeded expectations, with a stable net interest yield and manageable loan to deposit ratio.
- Risks include credit card loan performance and call risk for preferred shares, but dividends remain secure.
- Preferred shares offer higher yields than CDs, making them an attractive, relatively safe investment amidst recent interest rate cuts.
About My Writing: I am currently focused on income investing through either common shares, preferred shares, or bonds. I will occasionally break away and write about the economy at large or a special situation involving a company I've been researching in. I target two articles per week for publication on Monday and Tuesday.About My Background: Bachelors in history/political science, Masters in Business Administration with a specialization in Finance and Economics. I enjoy numbers. I have been investing since 2000. Professionally, I am the CEO of an independent living retirement community in Illinois.
Analyst’s Disclosure: I/we have a beneficial long position in the shares of JPM.PR.C, JPM.PR.D either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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