Zacks Ranks JPMorgan Chase & Co. and Microchip Technology as Top Income Stocks

The article from Zacks Investment Research suggests two stocks that investors should consider buying on August 13th, according to their income characteristics. JPMorgan Chase & Co., with a ticker of JPM, has seen its current year earnings increase by 11.7% in the last 60 days. The company's dividend yield is 1.7%, higher than the industry average of 1.2%. Additionally, Microchip Technology Incorporated, with a ticker of MCHP, has witnessed an increase in its current year earnings estimate by 4.9% over the past 60 days. This company boasts a dividend yield of 2.3%, significantly higher than its industry's average of 0.0%. Both JPM and MCHP have a Zacks Rank #1, indicating strong income characteristics.