JPMorgan Chase Surges Past Peers Amid Bullish Momentum
JPMorgan Chase & Co., the New York-based financial holding company, operates in three segments and has a market cap of $941.6 billion.
The stock currently trades 3% below its 52-week high of $366.50, recorded on August 13.
Over the past three months, JPM has grown 19.8%, outperforming the State Street Financial Select Sector SPDR ETF's (XLF) 13% rise during the same time frame.
JPM has been trading above its 200-day and 50-day moving averages since June, showcasing bullish momentum.
The company has an impressive dividend history, paying consecutive dividends for 29 years and having a 15-year history of consecutive dividend growth.
JPM's annual dividend is $6, coming in at a yield of 1.7%, higher than SPY and its industry benchmark, XLF.