Bank Dividends are Rising, so Which is Better: JPMorgan or Wells Fargo?

But sometimes, unassuming can mask an inner strength. Firstly, Wells Fargo plans to hike its dividend by 83% to 22 cents a share per quarter, compared with a mere 20% rise for JPMorgan to 30 cents a share.

Secondly, for investors looking to stocks for income, the steadiness of Wells Fargo’s business is more comforting than the sometimes-erratic nature of JPMorgan’s exposure to investment banking. Both suffered some wackiness during the recession, but remove that period from the chart below and Wells Fargo demonstrates a continuous, steady rise in net income. Kind of looks like a utility, say PPL Corp. (PPL).
Comment: The two best large banks. Good stocks for investors. Image

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