This stock trades at a still reasonable 14.5 times estimated 2021 earnings. JPMorgan Chase & Co. (NYSE: JPM) is one of the leading global financial services firms and one of the largest banking institutions in the United States, with about $2.6 trillion in assets. The company as it is today was formed through the merger of retail bank Chase Manhattan and investment bank J.P. Morgan.
The firm has many operating divisions, including investment and corporate banking, asset management, retail financial services, commercial banking, credit cards and financial transaction services.
Top analysts across Wall Street are very positive on the money center and investment giant. The company has proven that it has the wherewithal to invest continually in people, products and platforms to further its market share base, extending its competitive advantage compared with most of its peers.
Shareholders receive a 2.29% dividend. The company is expected to raise the dividend by a dime per share to $1.00.
Wells Fargo’s massive $200 price target is well above the consensus target of $168.90. JPMorgan Chase stock was trading around $159 a share on Monday.
This is a more conservative way for investors to participate in the massive cloud growth, and 41% of the funds own the stock. Microsoft Inc. (NASDAQ: MSFT) manufactures, licenses and supports a wide range of software products. The company has transformed its business model from a component-driven model (personal computer, server) to one driven by the need for cloud capacity.
Many Wall Street analysts agree that Microsoft has become a clear number two in the public or hyper-scale cloud infrastructure market with Azure, which is the company’s cloud computing platform offerings, and which continues growing at triple-digit levels. Some have flagged Azure as the biggest rival to Amazon’s AWS service.
Some analysts maintain that Microsoft is discounting Azure for large enterprises, so that Azure may be cheaper than AWS for larger users. The cloud was big in the 2021 earnings reports so far and will remain a growing part of the software giant’s earnings profile.
The current dividend yield is 0.76%. The company is expected to lift the dividend from $0.56 per share to $0.61.
The $340 BofA Securities price target compares with a consensus price objective of $329.18. Microsoft stock traded on Monday near $295.50.