Forget JP Morgan: Buy This Dividend Growth Stock Instead
Over the long term, the best place for investors to park their money is stocks. With thousands of options to choose from -- not forgetting all the investment funds and ETFs at your disposal -- it can be difficult to figure out what stocks are best for your portfolio. One tried-and-true investing strategy is to find stocks with strong dividend growth. This means buying companies that pay you a bigger dividend every year.
A popular dividend grower is JPMorgan Chase (NYSE: JPM). The largest U.S. bank has raised its dividend 166% during the past 10 years as it continues to be a stalwart of the global financial world. I would expect the company to provide steady returns for investors for decades to come. But I don't think it is the best dividend bank stock for investors today.
Ally Financial (NYSE: ALLY) has a higher yield and faster dividend growth, so income investors should pass on JPMorgan and buy this stock instead.
Source Fool.com
JPMorgan Chase & Co. Stock
The stock is an absolute favorite of our community with 28 Buy predictions and no Sell predictions.
With a target price of 201 € there is a slightly positive potential of 12.49% for JPMorgan Chase & Co. compared to the current price of 178.68 €.
