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24/7 Wall St.: The 7 Safest Banks in America

2. JPMorgan Chase & Co.

Despite the media attention surrounding the JPMorgan Chase & Co.’s (NYSE: JPM) multi- billion dollar trading loss, the firm is still in good shape compared to many of its peers. It has a fortress-like balance sheet with about $2.3 trillion in assets, and CEO Jamie Dimon said the only risk to the bank’s failure is a collision of the earth and moon. Despite the share price decline following the trading loss, the company still has a sizable market cap of $135.17 billion. JPMorgan shares trade at less than 8 times earnings and only about 0.7 times book value. The return on equity is 9.8%, and the company pays a dividend yield of 3.4% on the common stock. While the bank shares are trading at just over $36, analysts value the company at $47 a share.

(AP Photo/Mark Lennihan, File)

More From 24/7 Wall St.:
10 Brands That Will Disappear in 2013
Banks Hiding the Least and Most Fees
America’s Most and Least Peaceful States



The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.

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